IFS report: stealth taxes penalising pensioners and hammering low earners

EMBARGO: 00:01 Friday 14th November 

Responding to the IFS report that has found “threshold freezes” are pulling pensioners and minimum wage workers into paying income tax, Liberal Democrat Treasury Spokesperson and Deputy Leader, Daisy Cooper MP said:

“The government’s stealth tax is yet another unfair measure that will penalise pensioners and hammer the low-paid.

“Labour needs to set out fairer alternatives and stop being the continuity Conservatives.

“Years of sluggish growth is what caused the Chancellor’s black hole in the first place, so the best way to repair it is to get our economy growing strongly again. A new UK-EU customs union would do just that, unleashing British businesses and bringing in billions for the public purse.”

ENDS