Reform is proposing changes to the taxation of overtime as part of a wider pitch to voters in the so-called “Red Wall,” according to reports. The plan centres on creating an uncapped personal allowance that would apply to hours worked beyond 40 hours per week. Under the proposal as described in coverage, workers who put in overtime above the 40-hour threshold would receive an allowance that is not capped, effectively reducing or removing tax on that additional income.
The reporting characterises the proposal as a potential £5 billion initiative, framed as a way to benefit a large number of workers who regularly work more than the standard weekly hours. The details of how the allowance would be administered, who would qualify, and how it would interact with existing tax rules are not specified in the provided excerpts.
Overall, the coverage agrees on the core elements: a Reform-backed plan, an uncapped personal allowance linked to overtime hours over 40 per week, and an estimated cost presented in the reporting.