BRITISH PEOPLE ON LOW AND MIDDLE INCOMES ARE PAYING THE PRICE FOR GOVT FAILURE

George Osborne is pressing ahead with a £3 billion tax cut for the highest earners in the country – worth an average of £107,000 for 8,000 people earning over £1 million.

Yet at the same time people on low and middle incomes are being hit hard with higher VAT, the granny tax, and real terms cuts to tax credits, jobseekers allowance and child benefit.

The £1 billion changes to pension tax relief announced today are less than the £1.6 billion George Osborne gave back to people earning over £150,000 when he scrapped Labour’s cuts to pension tax help for the highest earners.