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In the race to succeed Theresa May as prime minister, Conservative leadership contenders are setting out how they want to run the UK. But what are some of the candidates saying about tax and spending, and do their sums add up? BORIS JOHNSON. Image caption People would only start to pay the higher rate of income tax when they earn at least £80,000, under Boris Johnson's plans. The plan: To raise the higher income tax rate from £50,000 to £80,000. What it means: At the moment, individuals have to pay 40% income tax on any earnings above £50,000 . So, a person earning £55,000 a year, pays 40% on £5,000. Under Mr Johnson's plan, the point at which the 40% higher rate kicks in would be raised to £80,000. Full story

10 June