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I do not usually read the Mail on Sunday but did so this week.
In it was an interesting article by Conservative MP Kwasi Kwarteng.
One aspect particularly caught my eye.
He suggested that an option should be made available for employees to opt in to a higher nil rate for tax, at £12,000 per annum, in exchange for accepting reduced employment protection and rights. This would only be an option for employees, they need not opt for this andcould keep the old employment terms and tax rate.
This would, he suggested, encourage more employment.
A very interesting suggestion that should be considered and it following another suggestion of a parallel tax 'flat tax' system from another MP into which people can opt into as an alternative to a full adoption of such a system.
Our economic circumstance needs some new radical thinking like this and it is worth trying out as an experiment in a region before countrywide adoption if it works.
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