The Prime Minster has promised the new coalition government will eventually deliver lower taxes which could be a boost to people struggling with debts. In an interview with the Telegraph newspaper, David Cameron said he is a ‘low tax conservative’. He says the coalition will consider scrapping Labour’s new 50p top rate of tax if it raises no or little money. The move could see more money in borrowers pockets to put towards debt management. Individual Voluntary Arrangements (IVA) are also good debt solutions for people owing more than £15000 on things like credit cards or loans. Debt Relief Orders (DRO) can help people owing smaller amounts. Mr Cameron also hinted that he could introduce tax breaks for married couples next year.
Cameron: low tax Tory
May 24, 2010 By
