This proposal of tax rates aims to help rectify and eliminate the ‘cost of living’ crisis.

Changes proposed: 
Personal Allowance – Up to £13,250 at 0%
Basic Rate – Between £13,251 and £53,000 at 18%
Higher Rate – Between £53,001 and £160,000 at 40%
Additional Rate – Above £160,000 at 48%

In terms of socio-economic classes, the working class are to be taxed less allowing for reduction of poverty and tax incentives to take up employment lowering unemployment rates. Mid-range earners are not affected directly however the highest of earners are to pay slightly more tax. In short the top earners of society have no actual struggle with the cost of living but rather the cost of their lifestyle unlike the lowest earners who reside on the bread line facing evictions.