Reform’s policy to further extend allowances makes this problem bigger which is why it is a daft choice for a tax cut. As a small state low tax kind of person you might think it strange that I’m criticising a tax cut. But there are much better ways of using tax cuts to stimulate growth and be revenue neutral. We have a deficit and much as in a tax cutter by heart - I’m even more a fiscal hawk. We need to get to a balanced budget and zero deficit. Cutting spending by £50bn would be a good start but giving it away in this form is not the best policy. We should be ending tax traps, at marginal rates which are a huge disincentive for people to aspire to earn more and would probably self fund with behaviour change. We should be scrapping stamp duty to get the housing market moving and increasing investment into UK equities. We should welcome back non doms and scrap Labours pension and IHT raids. These measures would create growth. I also think they would not detract from tax revenues and surprise the Treasury on the up side.