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They scrap winter fuel allowances

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Monday, 29 July, 2024
  • Local News
tax

So the new government run by Labour, has scrapped winter fuel payments for 10 million pensioners, because of the massive black hole in Labour's proposals, which the Conservatives warned before the election would result in tax increases, and so this is Ms Reeves first target.

Labour claim they've inherited the worst set of circumstances since the Second World War.

To prove them wrong, you don't have to go back to 1945. You only have to go back to 2010. 

When we took over from Labour in 2010 unemployment was at 8.0%. In 14 years it was nearly halved by our government to 4.4%

In 2010 the deficit was at 10.3% of GDP thanks to Labour's reckless borrowing. It's now at 4.4%, forecast to fall to 1.2% in the next few years. 

In 2010 inflation was at 3.4%. It's now at 2.0%, the Bank of England target.

While Labour left us a note saying 'there's no money left' we left them the fastest growing economy in the G7 and twelve months of consecutive wage growth.

So the first target of Labour is pensioners. How unfair is this? Who will they tax next?

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