Building A Better Future
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03 Nov 2014
The Prime Minister’s talk about tax cuts last week was unconvincing. People will judge him by his actions, not his words.
Since 2010 he has raised taxes 24 times. While millionaires have been given a huge tax cut, ordinary working people are paying more because he raised VAT and cut tax credits.
Independent figures from the Institute for Fiscal Studies show that by next year families will be £974 a year worse off because of tax and benefit changes since 2010. Yet the Prime Minister still won’t rule out raising VAT again on families and pensioners to pay for £7 billion of unfunded tax promises.
I would like to see a new plan for Britain’s future, a plan that works for ordinary families, rewarding their hard work. An economic plan that would introduce a lower 10p starting rate of tax for 24 million people on middle and low incomes and cut business rates for small firms. I would also like to see steps taken to tackle tax avoidance and introduce a mansion tax to invest in our National Health Service. To balance the books in a fairer way, the Prime Minister’s £3 billion tax cut for the top one per cent of earners should be reversed. Families need an economic recovery that works for them not just a few at the top.