tax or progressive so the choices income tax or national insurance and people will have tax or national insurance and people will have their view as to which would will have their view as to which would have been the better base for the levy. would have been the better base for the levy, we have that debate and there the levy, we have that debate and there are the levy, we have that debate and there are reasons income tax is potentially more progressive than nationat potentially more progressive than national insurance but there are downsides which we discussed last time, downsides which we discussed last time, not downsides which we discussed last time, not least that it is not a uk-wide time, not least that it is not a uk wide tax, businesses that don t contribute uk wide tax, businesses that don t contribute to it directly and there is no contribute to it directly and there is no history in this country of operational or other hypothecation of that operational
keen competitive, lowest in the g7. i m keen to competitive, lowest in the g7. i m keen to stick to how progressive they are keen to stick to how progressive they are. the other measure was freezing they are. the other measure was freezing income tax personal allowances which was widely recommended by a range of different people recommended by a range of different people as recommended by a range of different people as being a progressive way to raise money, just by the nature of the income raise money, just by the nature of the income tax system, obviously freezing the income tax system, obviously freezing thresholds raises more money freezing thresholds raises more money from those on higher incomes in a way money from those on higher incomes in a way that money from those on higher incomes in a way that supports recovery because in a way that supports recovery because it in a way that supports recovery because it builds over time and people because it builds
route to pay for them? we chose the latter route so to pay for them? we chose the latter route so in to pay for them? we chose the latter route so in the scheme of what s going route so in the scheme of what s going on route so in the scheme of what s going on with the tax burden, that is linked going on with the tax burden, that is linked to going on with the tax burden, that is linked to the pandemic and an expansive is linked to the pandemic and an expansive set of public spending plans expansive set of public spending plans and a desire to get our borrowing back to a responsible level borrowing back to a responsible level and borrowing back to a responsible level and depth to be falling in a couple level and depth to be falling in a couple of level and depth to be falling in a couple of years. in terms of individual couple of years. in terms of individual measures and whether they are fair individual measures and whether they are fair and individual measur