Tag Archives: conservative plans

25 September 2022 – today’s press releases

  • Families facing £290 tax hike next year despite 1p cut, new analysis reveals
  • Kwarteng’s budget “staggeringly out of touch”
  • Mark Fullbrook saga: We need an urgent investigation into conflicts of interest

Families facing £290 tax hike next year despite 1p cut, new analysis reveals

A typical family will see their taxes hiked by £290 next year despite the 1p tax cut, new research by the Liberal Democrats has revealed, while top bankers are handed a tax giveaway of over £100,000.

It comes as analysis shows the total tax hit from the Conservative government’s freeze on income tax thresholds is now set to reach £32.4 billion over the next two years – £6.5 billion more than previously expected. The figures are based on an update of the OBR’s previous forecasts undertaken by the House of Commons Library, taking into account soaring inflation.

Liberal Democrat research shows a household with two adults paid the median salary of £31,876 will pay an additional £290 in income tax next year as a result of the freeze, despite the basic rate being reduced from 20% to 19%. This tax bill will rise to £590 by 2024-25, due to the tax threshold remaining frozen as inflation goes even higher.

A teacher on a starting salary of £25,700 will see their taxes rise by £121 next year (2023/24), once the freeze of the income tax threshold is taken into account, while an NHS nurse will see a £107 rise.

Meanwhile, a top banker earning £2.5 million will see a tax cut of over £117,000. It means the Conservative government’s tax giveaway to one top-earning banker would be enough to cancel the tax hike for over 1,000 nurses.

Liberal Democrat Leader Ed Davey said:

It is staggeringly unfair that this Conservative government is hiking taxes on struggling families while giving big businesses and banks a massive tax giveaway.

Cutting taxes for the most wealthy while hammering ordinary people with years of stealth taxes shows just how out of touch this government has become.

The facts are clear: Liz Truss and the Conservatives are only cutting taxes for the few, while millions of people will pay more.

Kwarteng’s budget “staggeringly out of touch”

Responding to Kwasi Kwarteng’s performance on Sunday with Laura Kuenssberg, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

Kwasi Kwarteng and this Conservative Government are staggeringly out of touch. He showed in his budget that banks and billionaires come first, while families and pensioners come last.

This Government has shown its true colours, making regular people pay in the long run for their economic vandalism. Now, they must cancel recess and allow Parliament to have a say on these shambolic plans.

Posted in News and Press releases | Also tagged , , , and | 7 Comments

Boris offers us a petrol station bouquet as a peace offering…

I’ve watched the Boris Johnson New Year greeting to the nation – feel free to take a look if you’re so inclined – and am as unimpressed as I am unsurprised.

We are promised a decade of growth and innovation, a better NHS, safer streets, an improved environment, and so on and so forth. All very nice, after all, how could anyone disagree with any of that? But, despite the suggestion that we are being invited to pull together, that we now have “a People’s Government, delivering the People’s priorities” (yes, he really did say that… again), he said little that …

Posted in Op-eds | Also tagged and | 94 Comments

1 December 2019 – the weekend’s press releases (part 2)

  • Jo Swinson: Boris Johnson is running scared of scrutiny
  • Lib Dems: Tory no deal Brexit would increase national debt by £220 billion
  • Lib Dems: Johnson’s comments show that he despises the poor and vulnerable in our society
  • Swinson outperforms Johnson cheerleaders
  • Farage, Trump and Johnson singing from same misogynistic hymn sheet

Jo Swinson: Boris Johnson is running scared of scrutiny

Responding to Boris Johnson’s interview with Andrew Marr, Leader of the Liberal Democrats, Jo Swinson, said:

Given Boris Johnson’s dismal performance this morning on Marr it is no wonder he is running scared of Andrew Neil and refusing to be held to account in debates.

Posted in News | Also tagged , , , and | 11 Comments
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