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Stephen Williams: Labour fails to take responsibility again

Mon, 12 Mar 2012

Commenting on Ed Miliband and Ed Ball’s speech ahead of the Budget, Co-Chair of the Liberal Democrat Parliamentary Treasury Committee, Stephen Williams said:

“Yet again, Labour fails to take responsibility for the mess it left the nation’s finances in.

“The Coalition’s emergency budget cut the amount you can get pension tax relief on by over £200,000. If Ed Balls thinks £200,000 cut is a tax break, he should borrow Alan Johnson’s economics primer.

“The Liberal Democrats are lobbying hard for the budget to go further and faster in raising the income tax threshold. This will give hard-working people up and down the country a well deserved tax cut. That’s £60 each month back in the wages of workers, paid for by taxing the wealthy.”