Labour are quick to mount the class war cry at the Coalition Government. Yet, even with public debt at £900 billion, the new Coalition have made every effort to ensure that more money has been distributed from the rich to the poor than in many a year:
- The Income tax threshold was raised by £1000, removing hundreds of
thousands of people from income tax altogether.
- A new 'pupil premium' will boost education for one million
disadvantaged school children.
- A new 'Robin Hood' levy on banks will be introduced from January
2011.
- NHS spending will be ring-fenced.
- The basic State Pension will rise by earnings, prices, or 2.5 per
cent, whichever is greater.
- Child Tax Credit will increase generously next year.
- An extra £60 million will help fund an additional room for carers,
over the next few years.
- There will be a two-year public sector pay freeze, EXCEPT for the 1.7 million on lower incomes.
- Council Tax will be frozen next year.
- Housing Benefit was capped at £250 per week for a one bedroom
property, £290 for two, £340 for three and £400 for a four bedroom property.
So hard-working families will no longer have to subsidise people to
live in mansions that they themselves could not afford.
- A Capital gain tax on the assets of the rich so that we no longer have a situation that they pay less tax than their cleaners.
Far more Sherwood Forest than Notting Hill don't you think?
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