Barbara will vote this week against the Government’s £3 billion tax cut for top-rate earners. George Osborne announced the tax cut for people earning over £150,000 when he cut the 50p top rate of income tax in the Budget.
Labour have forced the vote at Westminster in order to stop the tax cut, which will benefit 18,000 top-rate earners in the North West. The tax cut would give £10,000 back to those earning over £150,000 and will give an additional £40,000 a year to those earning over £1 million.
Labour will also be voting against the ‘granny tax’ which will raise the £3 billion needed for this tax cut for the rich and which would see over half a million income tax payers aged over 65 in the North West lose an average of £83 per year. Those turning 65 next year will lose £322 a year.
“It’s simply not fair for millions of pensioners across the country who have worked hard all their lives to be asked to pay more tax so that top earners, including millionaires, can pay less.
“It is not too late to stop these unfair proposals, which is why Labour will be voting against the measures this week. I urge Conservative and Liberal Democrat MPs who care about their constituents to do the same.”