Hundreds of Norwich residents have signed a petition calling for tax cuts for savers and pensioners.
Conservatives in Norwich have led the calls for special help for these “innocent victims” of Labour’s recession, who are suffering as the income from their savings falls. Over the long term, cutting taxes on savings would help build a savings culture and end Britain’s addiction to debt under Gordon Brown.
In locations around Norwich, Prospective Parliamentary Candidates Chloe Smith and Antony Little have gained hundreds of signatures on a petition which will be sent to Gordon Brown before the Budget next week. Thousands of signatures will be gained from all parts of the country.
The petition highlights Conservative plans whereby:
Basic rate taxpayers would pay no tax at all on their income from savings, making them up to £7,200 a year better off.
The income tax allowance for pensioners would be increased, with age-related personal allowances rising by £2,000, helping them by up to £400 a year.
The package would be paid for by reducing the growth in government spending by £5 billion. Instead of rising by £30 billion next year, the increase would be £25 billion.
Spending on the NHS, schools, defence and international development would all be protected.
An estimated 2 million people across the Eastern region would benefit from these tax cuts.
Chloe Smith says: “Norwich’s savers and pensioners are the innocent victims of Gordon Brown’s recession. They are being punished for putting aside money. We need to cut taxes for them and help turn Britain from a spend, spend, spend society into a save, save, save society.”
Antony Little says: “We need change to deliver a culture of thrift at the heart of government and a culture of saving at the heart of our economy.”
Posted by antonylittle
Posted by antonylittle
Posted by antonylittle