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Jun 3, 2025  |  
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NextImg:Reform UK’s income tax plan will cost '£80billion', Labour MP claims

Housing Minister Matthew Pennycook has criticised Reform UK's proposal to raise the income tax threshold to £20,000, claiming it would cost up to £80billion according to the Institute for Fiscal Studies.

Speaking to GB News, Pennycook said his "main take from the press conference yesterday was that none of it added up, and Nigel Farage doesn't add up."