Abandoned
U-turn unlikely
Cumulative cost to the
Treasury by 2026-27
Plan
Cancelling rise in
corporation tax,
from 19% to 25%
£18.7bn
A reversal of the
recent rise in
national insurance
£18.2bn
Cutting the basic
rate of income tax
to 19p next year
£5.9bn
Scrapping the 45%
higher rate of
income tax
£2.1bn
VAT-free shopping
for non-UK
visitors
£2.1bn
Plan to repeal IR35
off-payroll
working rules
£2bn
A permanent stamp duty
cut, no tax on properties
below £250,000
£1.7bn
Cutting
dividend
tax rates
£885m
One-year freeze
to alcohol
duty rates
£610m
Removing a cap
on bankers’
bonuses
Neutral
Abandoned
U-turn unlikely
Plan
Cumulative cost to the Treasury by 2026-27
Status
Cancelling rise in corporation tax,
from 19% to 25%
£18.7bn
A reversal of the recent
rise in national insurance
£18.2bn
Cutting the basic rate of
income tax to 19p next year
£5.9bn
Scrapping the 45% higher
rate of income tax
£2.1bn
VAT-free shopping for
non-UK visitors
£2.1bn
Plan to repeal IR35 off-payroll
working rules
£2bn
A permanent stamp duty cut, no
tax on properties below £250,000
£1.7bn
Cutting dividend
tax rates
£885m
One-year freeze to alcohol
duty rates
£610m
Removing a cap on
bankers’ bonuses
Neutral