Action to help working families and pensioners in Greenwich

Ahead of the Government’s annual mini-Budget at the beginning of December, Alistair Craig, Parliamentary Spokesman for Greenwich & Woolwich this week backed new Conservative proposals to cut the level of tax on low and middle income earners in Greenwich. A new consultation paper proposes a number of ways in which more people on lower incomes can be taken out of tax completely, and how many on middle incomes can be freed from having to pay punitive, top rates of income tax.

Estimates suggest that since 1997, due to Tony Blair’s stealth tax increases in income tax thresholds and National Insurance, an average of:
• 16,000 more people in Greenwich on low incomes have now being dragged into the tax system, including part-time workers on the minimum wage, students working weekends to pay their tuition fees, and pensioners receiving just £60 a week from a personal pension.
• Another 5,000 more people in Greenwich are now paying top rates of income tax, including deputy head teachers, police inspectors, warrant officers in the armed services, and many hospital matrons.

Alistair explained, “Conservatives believe in low taxes. Families and businesses across Greenwich know better how to spend or invest their money than regional bureaucrats or Whitehall pen-pushers.

“Tony Blair promised not to raise tax ‘at all’. But he did – 66 times. Now independent experts agree that if Tony Blair were to be re-elected, taxes will have to go up yet again. Yet too much taxpayers’ money is being wasted, and high taxes are undermining incentives to work, to save and to invest.

“We need action to ensure all taxpayers get value for money, to thin down fat government, and ensure that hard working families and pensioners and those on modest and middle incomes across Greenwich receive a fairer deal.”