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.