The Government has published their Pre-Budget Report. Their new tax and spending proposals show their plans for higher taxes and record levels of national debt. It includes:
- above inflation hikes (4.5%) in council tax which will be forced on local authorities from this April
- National Insurance will be increased for workers and for local firms
- National debt will hit £1,000,000,000,000 (one trillion pounds)
- Plans are being drawn up to increase VAT to 18.5%
I am extremely concerned about record levels of debt, higher council tax and higher National Insurance on families and businesses. How do we differ, you may ask? Our plan is to:
- freezing council tax for two years by cutting wasteful Government spending
- reducing employment costs for small businesses by cutting National Insurance and a tax break for new jobs
- getting credit flowing by guaranteeing lending to business
We need to find long term solutions to this economic crisis as the impact of this recession will be felt by individuals, families and businesses for the next 4-5 years.
Subscribe to:
Post Comments (Atom)
1 comment:
Dear Mary
We have a proposal for a long term solution that will go down very well with voters. Tax reform that helps enterprise, reduces the size of the state, incentivises work, encourages investment, minimises bureaucracy. Too good to be true you may think? Well our think tank, the Systemic Fiscal Reform Group has a suite of long term policy proposals that can show through deduction, what is wrong with the current system and how reform can work. It is the will to reform that is the challenge. SFR Group also joined a new movement recently launched of other charities, think-tanks, political factions and pressure groups from right across the political spectrum, known as the Coalition for Economic Justice, that will be seeking to get a national debate going on the very topic of fiscal reform for a stable and genuinely prosperous economy. Please call if you want to know more. We are looking for a Tory consesnus on this.
Robin 07786078836, robinsmith3@gmail.com
Post a Comment