James Veysey/Rex Features Boris Johnson has proposed raising the 40p income tax threshold, but Tory MPs questioned how this would be fundedBoris Johnson has come under heavy criticism from leadership rivals after he outlined plans to raise the 40p income tax threshold from £50,000 to £80,000. The proposal would cost the Treasury almost £10 billion a year. Amber Rudd, the work and pensions secretary who is backing Jeremy Hunt, accused Mr Johnson of prioritising the well-off. “That’s not what he’s doing.”Ms Rudd told the Today programme that all candidates had to set out detailed fiscal plans. “We mustn’t just make these wild comments without knowing how we…

Source: The Times June 10, 2019 08:05 UTC