There has been a lot of misinformation about the Budget, from people who want to paint a gloomy picture. But in reality, this was a Budget for the hardworking people of Harlow, for jobs, and for the vulnerable. Pensioners will be better off.
Yesterday, it was announced:
- We will see the biggest EVER rise in the state pension (£5 extra a week, from this April).
- On top of this, key pensioner benefits have been protected, such as Winter Fuel Payments, free prescriptions and eye tests, free bus travel, and free TV licences for older pensioners.
- Allowances will be simplified, but nobody will pay more tax.
- There are no cash losers as a result. And everyone is still better off as a result of the increase in the basic state pension.
- Even after the changes, half of pensioners will not pay tax next year.
- Over 5 million of the poorest pensioners are unaffected, including thousands in Harlow.
- Pensioners will also benefit from the Government's funding for local authorities to freeze their council tax for a second year. (In Harlow, Council Tax has now been frozen for a record three years in a row.)
by Robert Halfon MP - Working Hard for Harlow.
The 'biggest ever' increase in pensions is merely to keep up with inflation, surely?
ReplyDeleteDon't forget to take off 20%Tax + 20VAT on expenditure 5%+Cost of living increase. So the £5.70pw reduces to £3.09pw Just enough for a takeaway hot pasty (inc vat)
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