Fairness should be at heart of every decision taken in politics. But the tax rises announced in the Chancellor’s budget do the opposite.
By freezing income tax thresholds, a greater proportion of our income will be subject to tax.
Many more people will also be dragged into higher tax bands.
A new pensions tax will also be introduced.
Changes to salary sacrifice schemes will see people taxed on their pension contributions. Making it much harder to save for retirement.
At the same time, welfare spending is set to increase by over £9 billion.
A system that leaves people better off on welfare than those in work is the opposite of compassionate.
Welfare should be about providing a safety net. Not trapping people on benefits when those in power should be helping them earn a living.
Imposing a tax on workers’ earnings and pensions to fund this system is unconscionable and unfair.
Our country faces a demographic time bomb.
A loss of high skilled working age British people will have major implications for our economy.
Plaid and Labour’s priorities will exacerbate this.
This time bomb must be defused before it’s too late.