Labour’s latest tax rise won’t just increase your tax bill – it will put jobs at risk too.
Labour are planning a 1% hike in National Insurance (Source: The Independent, 2 June 2014), which would hit taxpayers with a £3.7bn tax rise – an increase of £169 for someone on the average wage.
That would make hardworking taxpayers less financially secure – and also put jobs at risk by:
- Increasing tax on employers by £4.7bn – a hike of £3,600 per business
- Raising the jobs tax by an average of £165 for every person a business employs
- Costing small and medium-sized businesses 57,000 jobs – and up to 96,000 job losses in the private sector
Labour just don’t get it. They still think that you can increase taxes without consequences. They can’t see that if you increase taxes on businesses and make it more expensive to employ people, more people will end up out of work.
While our long-term economic plan is building a healthier economy with more people in work than ever before, Labour would put it all at risk.
We can’t let Labour wreck the recovery with yet another tax rise that would hit hardworking taxpayers, cost jobs, and wreck the recovery.
Our welfare reforms are getting people back to work.
Under Labour, too many families were trapped in a cycle of welfare dependency: 1.4 million people spent the best part of a decade on benefits, and the number of households where no one had ever worked doubled.
But we’re fixing Labour’s mess. Our welfare reforms are providing a safety net for those in need while rewarding the willingness to work by:
- Capping benefits so no out-of-work household can claim more in benefits than the average family earns in work
- Stopping benefits rising faster than wages
- Setting a limit on Britain’s overall welfare budget
These reforms are delivering real results, with more people in work today than ever before.
It’s a key part of our long-term economic plan. By getting Britain working, we’re building a healthier economy – one that’s on the side of hardworking taxpayers and that gives new opportunities to people who had been written off under Labour.
It’s now vital that we continue to work through our welfare reforms – to secure a better future for Britain.
Labour should extend their planned tax on the family home to properties worth £400,000 in the North of England, according to a senior party figure.
This would mean 210,000 more families being hit by Labour’s homes tax.
Claire Reynolds, a senior Labour figure and a councillor in Tameside, Greater Manchester, is quoted in the Sunday Express (10th Aug 2014) saying plans to limit the tax to homes worth at least £2million were “ludicrous”.
She said ‘mansions’ were available for £400,000 in parts of Greater Manchester.
Labour have always denied that their homes tax would be expanded to include more and more families, but this shows the idea is being openly discussed.
At a conference of the Labour-supporting Progress think tank, Reynolds urged Labour to “squeeze the rich in a number of ways” including extending their planned homes tax to even more families:
“In the North there are people who could be paying more and aren’t… In Stalybridge I haven’t seen a house advertised at over £500,000 and we’ve got really nice mansions. There are six, seven, eight-bedroom houses there, and you can buy them…for about £400,000.
At the same conference, Mrs Reynolds also called for an increase in inheritance tax, saying: “Why be scared of it - they’re dead?”
Labour’s out-of-control welfare system created a culture of dependency which promoted welfare at the expense of work.
Under their system, some people were claiming £104,000 a year of hardworking taxpayers’ money in housing benefit to live in expensive areas.
Since we came into office, we’ve been building a welfare system that provides a safety net for those in need, while rewarding those who want to work hard and get on in life.
We’ve capped benefits so no family can claim more than the average family gets by going out to work and we’ve put an end to unlimited housing benefit.
But Labour haven’t learnt their lesson.
They voted against our housing benefit cap, they voted against our overall cap on benefits and they still plan to borrow and spend more by restoring the spare room subsidy – landing future generations with more debt than they can ever hope to repay.
To everyone who wants to achieve the dream of owning their own home, the Conservatives have a clear message: we’re on your side.
Labour’s Great Recession led to a collapse in homebuilding and froze many people out of the housing market.
That’s why, as part of our long-term economic plan, we launched Help to Buy – to help thousands of families get on the housing ladder and achieve their dream of owning their own home.
And it’s working: new figures show that nearly 40,000 people have bought their own home thanks to the scheme.
Moreover, 80 per cent of those benefitting are first-time buyers – who can now enjoy security and a better quality of life in their own home.
When they were in government, Labour raised taxes over 100 times, hitting hardworking families hard. And they still haven’t learned.
While the Conservatives have cut income tax for over 25 million people, Labour are planning a raft of new taxes and tax rises for after the next election:
- A rise in National Insurance – a tax on jobs (Source: Observer, 20 April 2014).
- Higher fuel duty Ed Miliband opposed the Conservatives’ fuel duty stabiliser – (Labour Press Conference Q&A, 11 January 2011).
- A graduate tax- Emily Thornberry MP, Shadow Attorney General: ‘I am in favour, Ed Miliband is in favour, many of us are in favour of the idea of a graduate tax. That has always been what we wanted to do’ (Daily Politics, BBC Two, 2 April 2014).
- A new tax on the family home (Source: Ed Miliband’s Speech in Bedford, 14 February 2013).
- A new tax on pensions (Source: BBC News, 20 September 2013; HM Treasury, Budget 2013, March 2013, Table 2.1).
- A new death tax (Source: Andy Burnham, Daily Telegraph, 30 July 2014).
- Higher council tax Chris Williamson, then Labour’s Shadow Local Government Minister, attacked the Consevatives’ council tax freeze as ‘a gimmick’ (Hansard, 17 January 2011, Col. 531).
- A rise in corporation tax (Source: Financial Times, 24 September 2013).
- A new shop tax (Source: Mail on Sunday, 8 June 2014, link).
- A new business tax for firms in well off towns and cities (Source: Mail on Sunday, 8 June 2014, link).
- A new tax on farms (Mail on Sunday, 8 June 2014, link).
- A tax on football fans Labour have announced plans for a 5 per cent levy on television money from Premier League clubs (Labour Press Release, 24 July 2014).
Time after time Ed Miliband has shown he’s too weak to stand up to union bosses - refusing to condemn strikes that disrupt the lives of millions.
And, as this graphic shows, the union bosses who fund the Labour Party are also choosing their policies - with a shopping list of demands that could cost every taxpayer £5,500 in more borrowing and higher taxes:
These demands would put everything achieved by our long-term economic plan at risk, making hardworking taxpayers less financially secure and leaving our children with more debt than they can ever pay.
There are two certainties in life: death and Labour taxes – and now Labour want to combine both.
Andy Burnham, Labour’s Shadow Health Secretary, says he wants to ‘embrace’ a 15% death tax – hitting people’s plans to pass on their hard-earned money to their loved ones.
Estimates based on official figures show that Labour’s latest proposed tax would cost the average taxpayer £46,000 – forcing thousands of people to sell their homes.
It comes just two weeks after Labour denied planning new tax rises – showing once again that you can’t trust a word they say.
It’s same old Labour: saying one thing, doing another – and hitting hardworking people with more taxes.
We’re fixing our immigration system so that it puts the British people first.
Labour’s no-questions-asked welfare system drew immigrants to Britain for the wrong reasons – regardless of whether they wanted to work hard and contribute to our society. And unforgivably, we had the highest rates of immigration in modern history at the same time as five million people on out-of-work benefits.
But the Conservatives are turning this around by:
1) Closing down bogus colleges
We’ve already closed down 750 and are now going even further. If 10 per cent of the students that any college recruits are refused visas, we’ll strip that college of its licence.
2) Cutting benefits for immigrants
We’re making sure people come for the right reasons. That’s why we’re cutting the time immigrants can claim out-of-work benefits from six months to three months.
3) Ensuring the British people get a fair deal
We’re restricting the practice of advertising job vacancies in Europe but not in Britain, so the British people aren’t disadvantaged in the jobs market.
It’s all part of our long-term plan to build a welfare system that rewards work; an education system that gives young people the skills they need to get on in life; and an immigration system that puts the British people first.
That plan is turning our economy around – and securing a better future for Britain.