Reform is on the side of working people.

Incentives in this entire country have been broken now for decades, right?I mean, it's pretty elementary.A 16 -year -old studying economics would understand that if you keep taxing work more, you're going to get less work.If you keep taxing businesses for employing people more, then they're going to employ fewer people.And if you incentivize not working, which has happened.It's so insane now that the CSJ, a think tank, published a report that basically showed that if in a household, the members of that household tick every single universal credit box and get all the forms of welfare, they materially out -earn.

The household income is materially more than the post -tax household income of somebody working minimum wage full -time, which begs the question, why?

So suddenly, The economically optimal thing is to not work obviously and we hear this on the doorstep all the time people saying on an estate saying Pointing at a house across the road often Yeah, the front garden isn't in a right state and they say that they have a much better lifestyle than me They don't work and I am being taxed up to the eyeballs and look you can look at the tax threshold We only talk about this or we only government only ever talk the Tories and Labour They've just held these 20 grand and the 40 grand tax threshold while inflation has been going bananas.And so people, I think, are rightly now sick and tired of being taxed up to their eyeballs to pay for people, many of whom, not all of them, but there are many who it is a lifestyle choice.And I'd also say that that was a big part of why we announced last week, for example, a number of measures we will announce to reward people, who I think are the backbone of this country, who work, for example, overtime, to basically say income tax will be zero.