Wednesday, 16 April 2014

Working people are worse off under the Tories

This week Parliament has been debating David Cameron and George Osborne's Budget. Labour has been highlighting the lack of action to address the cost-of-living crisis, which will see working people worse off at the end of this parliament than they were at the beginning.

Working people are £1,600 a year worse off under George Osborne because wages have fallen in real terms.

Analysis of figures from the Institute of Fiscal Studies shows that households are already £900 a year worse off as a result of the tax and benefit changes since 2010.

While millionaires have been given a huge tax cut, millions of hard-working people have seen their taxes go up.

There have been 24 Tory tax rises, including the hike in VAT hike which has cost families with children an average of £1,350 over the last three years.

Labour has a long term plan to tackle the cost-of-living crisis. We will cut taxes for 24 million people on middle and lower incomes by introducing a lower 10p starting rate of tax. And we will freeze energy bills, cut and then freeze business rates for small firms, and expand free childcare for working parents too.

These are the policies that the next Labour Government will put in place to help us earn our way to better living standards for all. The real issues that ordinary people face have been ignored by David Cameron and his out-of-touch Government for far too long.