Chancellor asking for advice to aid young people

[JagLover]

https://www.theguardian.com/politics/2017/sep/06/a...

What would you tell him? (that is within his power as chancellor)

I would suggest reducing the rate of withdrawal of universal credit to 50% (down from 65%) and accelerating the increase in the NLW to bring it up to £10 an hour by 2020.

He needs boldness to both capture the imagination and accelerate a programme of making work pay.

[JagLover]

kiethton said:

I'd say that he should change capital gains tax, incorporating capital gains into the income tax system at the same rates. Beyond this I'd also advocate lowering income tax rates across the board to help all that are still earning.

Given it's mainly older people that make capital gains and anybody that's not retired that would benefit from income tax lowering it should help.

A fair point, capital gains are taxed more lightly than income.

A small annual exemption to avoid pointless administration, an indexation allowance and then tax on the same basis as income.