Scrap tax on overtime hours, says Reform UK
Reform UK has proposed eliminating income tax on overtime for workers earning less than £75,000. The party claims this 'hard work bonus' could save full-time nurses over £1,300 annually. However, other political parties have expressed skepticism about the feasibility of funding this initiative.
- ▪Reform UK estimates that 90% of workers would benefit from the proposed tax cut.
- ▪The party claims the policy would cost £5 billion a year, funded by cuts to welfare payments.
- ▪Critics, including Labour and the Liberal Democrats, question the viability of Reform's funding plans.
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Scrap tax on overtime hours, says Reform UK6 minutes agoShareSaveAdd as preferred on GoogleKate Whannelpolitical reporterGetty ImagesIncome tax on overtime above a 40-hour week should be scrapped for workers earning less than £75,000, Reform UK has said. The party estimates what it is calling a "hard work bonus" would save a full time nurse working six hours of overtime each week more than £1,300 a year. Reform said the policy would cost £5bn a year and could be paid for through its plans to make cuts to welfare payments.But Labour, the Tories and the Lib Dems all questioned whether Reform would find the money for the plans.Reform leader Nigel Farage said the overtime proposals would "finally make work pay, drive up productivity and restore the appeal of a strong work culture once again".
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