Cameron will say he believes in lower taxes “because I trust people more than I do politicians”. He will add: “I think people know how to spend their money better than those in Westminster do.” He also believes that “after years of sacrifice, the British people deserve a reward.”
The announcement is the centrepiece of the Tories’ third election theme – “a Britain that rewards work.” Meanwhile he will blast the Lib Dems and Labour as “the enemies of aspiration.”
Labour hit back last night, accusing Cameron of “desperately making £7bn of unfunded tax promises”. Ed Miliband’s party is proposing higher spending in the next parliament than the Tories.