It's absurd that some of the highest effective tax rates in Britain are paid not by billionaires, but by professionals, senior nurses, and small business owners due to confusing tax traps. At an income of £50,000, families face penalties like the loss of child benefits and nursery time. As a result, a pay rise can feel like it's making them worse off, not better.

We must end this madness. Our proposal is simple and clear: scrap the confusing tapers and set a single income limit of £120,000. If you earn less than this, you keep your full benefits. Once you earn £120,000, you no longer receive them in a tapered fashion. This ensures people who work hard are rewarded and know exactly where they stand.