After four years of the Tory-led government, most people are working harder, for less. And yet, instead of dealing with the cost of living crisis, David Cameron wants to give millionaires ANOTHER tax cut on top of the £100,000 he gave them last year.
David Cameron has refused to rule out further tax cuts to the richest one per cent of taxpayers - a kick in the teeth for most of us struggling with an unprecedented cost of living crisis. Labour has been clear that when the deficit is high and ordinary families are seeing their real incomes fall, it simply can’t be right to give the richest people in the country a massive tax cut.
The next Labour government will create a fairer tax system, ensuring that everybody plays their part in getting the deficit down.
When you're taking difficult decisions to get the deficit down and working families are struggling, it’s really important that people feel the burden is shared. That’s why we will restore the top rate tax to 50p for the next Parliament, and would bring in a lower 10p starting rate of tax, to help make work pay and cut taxes for 24 million people on middle and lower incomes. We will also crack down on tax avoidance and reverse the government's out of touch tax cuts to hedge funds.
Cutting tax for the top one per cent won't help get the deficit down and it’s deeply unfair, so join us in urging the Prime Minister to make fairness a central part of deficit reduction and rule out a further tax cut for the wealthiest.