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Tax cuts must be lasting

November 22, 2008
Nick campaigning with Vince Cable MP on rising food prices

Nick campaigning with Vince Cable MP on rising food prices

Liberal Democrats in Hastings & Rye have called for Income Tax cuts to help struggling families weather the recession.

Speaking over the weekend, Nick Perry, Lib Dem parliamentary campaigner for Hastings & Rye, said that local people have endured a year of rocketing fuel, transport and food prices and many are still out of pocket following the Government’s decision to double the starting rate of Income Tax.

“On Monday 24th November, the Chancellor presents his Prebudget Report to Parliament,” said Nick.

“Liberal Democrats will be pressing for permanent tax cuts for people on low and middle incomes. We will be looking for radical changes in the tax system which lock in lower rates of Income Tax for good.

“To make these tax cuts lasting, they have to be funded. That means shifting the tax burden onto pollution and ending the tax perks and loopholes enjoyed by the highest earners.

“We are worried that the Government will simply introduce temporary tax cuts, paid for by borrowing, which will disappear once we start to come out of recession.

“Now is the time for a genuine and radical change to the tax system. Liberal Democrats will be pressing for that and, having spoken to many residents over the last weeks, I know it is what people want here.

“We believe, however, that an area where borrowing should be allowed, is investment in new buildings and facilities that are needed. I am very keen to see people’s homes properly insulated, and more affordable homes built for people who need them.

“As well as boosting jobs and the economy, it will help to save money in the future.”

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