Friday, 11 April 2008

Campaign Diary - Friday 11th April 2008

Abolition of the 10p income tax rate

Recently, the income tax rise for the lowest paid which Gordon Brown announced in his 2007 Budget came into force. Many hard-working people – like cleaners, waiters, and shop assistants – will have seen their tax rate double overnight, on top of an already rising cost of living.

The Treasury have confirmed that 5.3 million families will lose out in total – even when the changes to tax credits are taken into account. One in every five families will be worse off – by anything up to £464.

Here in the East Midlands, hard-working people like a Nursery Nurse will have to pay an extra £168 in tax on average – and a Sales Assistant an extra £224.

Labour have over-spent and over-borrowed, and as a result the public finances are in a mess. That is why Gordon Brown is putting up taxes, and kicking people when they are down.

Conservatives, like me, have specific proposals to help hard-working families. Together we will oppose Labour’s plans to double the 10p tax rate; give people power through local referendums to stop large council tax rises; and raise the threshold for inheritance tax, taking 98 per cent of family homes out of it altogether.

That’s the sort of help hard-working families in Grange-de-Lings, Greetwell, Nettleham and Riseholme deserve.