Saturday, 6 April 2013

Tories reward millionaires instead of helping working families

David Cameron and his Tory-led Government for giving millionaires a tax cut on the same day that millions of working families pay the price of Tory failure.

April 6th is Tory Millionaires Day; the day the top rate tax cut comes into effect and 13,000 millionaires get an average £100,000 tax cut. But while they are rewarded, millions more are struggling to get by, with prices rising, wages falling and tax credits cut.

People in Haslingden and Hyndburn are finding it hard to deal with the rising cost of living but Cameron and Osborne have demonstrated exactly where their priorities lie by choosing to hand out cheques to millionaires instead of helping working families in our area.

We need action now to support families and get the economy moving again. That's why Labour is calling for a 10p tax rate to help working people on low and middle incomes, funded by a mansion tax on properties worth £2 million. And we would use a bank bonus tax to guarantee jobs for 100,000 young people.

George Osborne is borrowing a staggering £245 billion more than he planned as a result of his failing economic policies – he’s the only person who still believes his plan is working.

Have you been affected by government cuts to things like tax credits, child benefit or the bedroom tax?
Take Labour’s cost of living survey at https://www.labour.org.uk/costoflivingsurvey