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UKIP Economics Spokesman: Labour offers ‘total insult’ tax policy

By Bai Tianxing (People's Daily Online)    19:50, April 29, 2015
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LONDON April 28(People's Daily Online) -- UKIP Economics Spokesman Patrick O’Flynn attacked Labour for offering working people a ‘total insult’ tax policy.

He said Labour had not pledged to raise the tax free personal allowance and calculated that its policy of bringing in a 10 percent starting rate of tax would be worth just 42p per week to the average worker – not even enough to pay for a second class stamp or a bag of peanuts.

He said: “UKIP has fought this election as the party of working people and we will carry on making that case right up to polling day.

“Our key taxation policy in this election is a pledge to raise the personal allowance to at least £13,000 during the course of the next parliament. That is a fully costed, funded plan which is better than anything offered by the other parties.

“Labour alone has not committed to any rise in the personal allowance. Instead its alleged big idea is an old idea, one it has tried and then dumped before - a 10p in the pound starting rate of tax, a device it brought in and then scrapped during the Gordon Brown years.

“Given that Labour has said this introductory rate is to be financed out of funds generated by the abolition of the transferrable element of the tax allowance for married couples and civil partners, we can calculate with reasonable precision what will be on offer.” 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yuan Can,Bianji)

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