I am more-or-less okay with the income tax cuts while energy prices are elevated.
That is, until you get to the top two salary bands. A £55k saving for folks on a million a year? Those just smack of the trickle down nonsense.
Rich folks are hardly damaged by high fuel prices. I'd have capped the reduction at the £150k level and left the rate at the upper threshold as it is, so that people on a million have the same saving as those on £150k. £2k a year would do fine.
My own preference would be to make larger cuts at the lowest levels, but you might also address that through fuel subsidies, which I believe they are doing.
http://www.dailymail.co.uk/news/article-11244447/Praise-Kwartengs-bold-45billion-package-tax-cuts-Chancellor-admits-UK-RECESSION.html
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