Tag Archives: 2024 budget

7 March 2024 – today’s press releases

  • Resolution Foundation reveals £8bn pensioner tax bombshell in Budget
  • “All the hallmarks of a backroom deal”- Welsh Lib Dems react to decision to keep new controversial Senedd voting system
  • Donelan scandal: Lib Dems demand ethics advisor probe and Science Minister to step aside whilst investigation ongoing
  • Carmichael calls for UK ban on imports from illegal Israeli settlements
  • SNP cancel bus fund after spending less than 6% – Rennie
  • McArthur responds to news that more crimes will not be investigated

Resolution Foundation reveals £8bn pensioner tax bombshell in Budget

Jeremy Hunt’s Budget includes an £8bn tax bombshell for pensioners, analysis from the Resolution Foundation has revealed.

All 8 million tax-paying pensioners will see their taxes increase due to the freezing of income tax thresholds. This will leave the average taxpaying pensioner £1,000 worse off by 2027-28, – or an £8 billion collective hit.

Responding to the analysis, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

Buried in the small print of this Budget is a disgraceful £8 billion pensioner tax bombshell.

People who have worked hard and done the right thing all their lives are being hammered by Jeremy Hunt with years of unfair tax hikes, leaving them an average of £1,000 worse off each.

This Conservative government has shown their true colours, pensioners are not their priority. They would rather cut taxes for the big banks than look after those who have given so much for so long to our society.

“All the hallmarks of a backroom deal”- Welsh Lib Dems react to decision to keep new controversial Senedd voting system

The Welsh Liberal Democrats have described the decision to keep the new Senedd voting system as having “all the hallmarks of a backroom deal”.

From 2026, votes will be cast for parties instead of individual candidates as part of plans to expand the Senedd.

Critics of the new voting system say that it takes power away from the voter and places it in the hands of political party bosses.

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