Lord Lawson has called for married couples to be recognised in the tax system, saying that the policy was the ‘most cost effective’ way of helping poor families. Writing in a report commissioned by Christian charity Care, the former Lord Chancellor said that ‘the case for transferable allowances remains as strong as ever, arguing that marriage tax breaks would be a better way to help low-income households than increasing personal allowances. ‘IA transferable allowance is not only family-friendly but provides a far more cost-effective means of reducing the tax burden on low-income households than can be achieved by an across-the-board increase in personal allowances,’ he said. The report, entitled ‘Independent Taxation – 25 years on, Does it meet today’s needs?’ argues that the current system results in families facing an unfair tax burden.
Pray: that the authorities will listen to the wisdom available from people like Lord Lawson. (Job.32;7)