Overview
- Restore Britain has proposed raising the personal tax-free allowance to £16,000, widening the 20% basic-rate band up to £100,000, and abolishing the taper that cuts allowances for six-figure earners.
- The party says the package would cost about £50 billion a year, a figure it has defended as affordable only after major spending changes.
- HMRC ready reckoners and outside economists give much larger estimates, suggesting the personal allowance rise could cost about £34 billion and the basic-rate widening about £80 billion, producing a potential budget shortfall far above Restore Britain’s claim.
- Rupert Lowe says the shortfall would be met by scrapping the state pension triple lock, replacing it with an inflation link, and cutting welfare and public spending, proposals that would directly affect pensioners and benefit recipients.
- The announcement follows Restore Britain’s strong Makerfield showing and comes as the party holds talks with Reform UK, making the plan both a test of fiscal credibility and a central theme in right‑of‑centre electoral strategy.