Saturday, 21 April 2012

THIS WEEK SAW DAVID CAMERON’S BUDGET CONTINUING TO UNRAVEL

This week in Parliament has been dominated by the unravelling of David Cameron’s Budget.

The Tories and their Liberal Democrat allies are asking millions of families and pensioners’ to pay more, while at the same time giving millionaires a tax cut. But this week’s “omnishambles” saw David Cameron and George Osborne putting 20 per cent VAT on hot pasties, static caravans and

church improvements, while giving the very richest earners a £3 billion tax cut.

David Cameron promised change, but nothing is changing. Prices are still going up faster than wages, one million young people are out of work, and banks are still paying out big bonuses while families struggle. Nothing is changing because the Tories are putting the wrong people first – the Budget contained a £40,000 tax cut for millionaires while putting up taxes for nearly 4.5 million pensioners, and doing nothing to create the jobs and growth Britain needs.

The figures are stark. From this year, an average family will lose £511 while 14,000 millionaires will pocket a tax cut leaving them at least £40,000 better off. Labour would stop the Government’s

raid on pensioners and block its £40,000 tax cut for 14,000 millionaires. Meanwhile, we’d be taxing bankers’ bonuses to guarantee 100,000 real jobs for young unemployed people. Labour would tackle the cost of living crisis with our Action Plan for Family Budgets and get the economy moving with our Five Point Plan for Jobs and Growth.

The Elections on 3 May are vital for families and communities across England. Town Halls in some of our biggest towns and cities could change hands, and millions of people will have the chance to pass their verdict on an out of touch Tory-led Government.


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