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Press cycle 22 - Sh...
 

Press cycle 22 - Shadow Budget  

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Dan
 Dan
(@dan)
Member A-team
Joined: 10 months ago
Posts: 139
08/06/2019 10:03 pm  

Following the publication of the Shadow Budget, what does this mean for Britain?

 

deadline 12/06/2019 at 11.59pm

Dan

A-Team


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Macmillan
(@dylan-macmillan)
MP for North East Bedfordshire
Joined: 9 months ago
Posts: 560
08/06/2019 10:17 pm  

The Shadow Budget is a great triumph for our nation that would see the tax burden shifted away from the poor and more in line with the Conservative message that we are all in this together. Everyone earning under £56,000 a year will receive a tax cut under our Shadow Budget with the Basic Rate of Income Tax being cut to 15% (a 25% decrease). Whilst Labour tax, spend, and borrow the Conservative Party are putting money where it belongs, back in your pocket.

Conservative MP for North East Bedfordshire
Leader of the Opposition (2014-16)

Prime Minister (2014)

Parliamentary Experience: Novice (25)
Media Experience: Experienced (62)
Policy Experience: Novice (29)


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Macmillan
(@dylan-macmillan)
MP for North East Bedfordshire
Joined: 9 months ago
Posts: 560
08/06/2019 10:37 pm  

Someone earning the UK's average wage, about £27,600, would be about £800/yr better off than they are under the current tax regime. That's a pay rise of 2.8% this year for people earning the mean wage on top of anything that their employer is giving them. The choice at the next election is a simple one, you can be worse off with a Labour Government that taxes, spends, and borrows to its heart's content or you can be better off with a Conservative Government that puts money back where it belongs, in your pocket.

Conservative MP for North East Bedfordshire
Leader of the Opposition (2014-16)

Prime Minister (2014)

Parliamentary Experience: Novice (25)
Media Experience: Experienced (62)
Policy Experience: Novice (29)


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Macmillan
(@dylan-macmillan)
MP for North East Bedfordshire
Joined: 9 months ago
Posts: 560
08/06/2019 10:54 pm  

The Government's reckless, feckless, borrowing plan to borrow more money than even the independent watchdogs thought they could spend to "invest" in our economy has born no fruit. They borrowed £13.5bn for a return of £1bn this year if they are lucky, a return rate that will see us paying for their negligence for well over a decade to come, and that's not even counting their other hair brained schemes last year and inevitably this year too. Contrast this with the responsible Conservative plan. The deficit will shrink by 1.5% of GDP, the deficit without capital spending will fall faster still, workers are being given a 2.8% (or £800) pay rise, and we are protecting key departments like education, healthcare, and our armed forces. The Government may call that something to be ashamed of, I think it shows exactly where our priorities lie, with the people instead of with big government.

Conservative MP for North East Bedfordshire
Leader of the Opposition (2014-16)

Prime Minister (2014)

Parliamentary Experience: Novice (25)
Media Experience: Experienced (62)
Policy Experience: Novice (29)


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Macmillan
(@dylan-macmillan)
MP for North East Bedfordshire
Joined: 9 months ago
Posts: 560
08/06/2019 11:02 pm  

London-centric infrastructure spending will be a thing of the past under the Conservative Party, our Shadow Budget includes specific measures to stop the construction of HS2 and Crossrail in favour of local and regional infrastructure projects that will help people living outside of our nation's great capital. The Conservative Party will invest in parts of the country traditionally ignored, especially under the last Government budget, because this country can only succeed if we bring everyone with us. The Big Society is alive and kicking, we're all in this together.

Conservative MP for North East Bedfordshire
Leader of the Opposition (2014-16)

Prime Minister (2014)

Parliamentary Experience: Novice (25)
Media Experience: Experienced (62)
Policy Experience: Novice (29)


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Steven Andrews
(@steven-andrews)
Member
Joined: 6 months ago
Posts: 120
10/06/2019 10:31 am  

It is true that the Shadow Budget is a strong departure from recent policy, but our proposal strikes a proper balance in helping all Britons. For the average worker, we give a straight pay rise of £800 a year in one go. Whether that goes to paying your bills, as it might for a hard-up Millennial, or towards planning for Christmas or a holiday as it might for a family, we think that should be your money to do with as you wish. Even a quite above-average worker will see a significant improvement in their position: Under our plan, every single individual earning less than £56,000 and virtually every household earning less than £100,000 will pay less tax.

Towards those on the higher end of earnings, we offer the elimination of Capital Gains tax and a reduction in corporation tax as a trade for the extension of National Insurance upwards. This will encourage entrepreneurship and investment in Britain's future, simplify tax planning, and reward those who take steps to plan for their retirement rather than socking them with complex tax calculations.

Steven Andrews, MP for Croydon South

34 Policy/18 Media/23 Parliamentary


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Steven Andrews
(@steven-andrews)
Member
Joined: 6 months ago
Posts: 120
10/06/2019 10:43 am  

The Conservative Shadow Budget's elimination of Capital Gains Tax will be a great step forward for making our economy more flexible. By removing an often frustrating piece of tax, we will both make it easier for families to move without having to hand the tax man both a cut of a new home purchase and a piece of the sale of their old home if the first home won't sell because of arcane rules. By removing the cost of shifting resources between investments, we will unshackle capital and enable it to work efficiently. And by removing what is fundamendally a tax on long-term inflation we reward those who seek to take responsibility for their future and remove the ability of the government to steal from them through reckless fiscal mismanagement.

After all, it is all well and good to consider that even in a time of relative price stability, inflation does not go away. The UK has seen inflation in every year since 1945 except in the extraordinary circumstances of 2009. Over the last twenty years, even in a time of relative prosperity and low inflation, what would have cost £100 in 1995 would now cost perhaps £175. The fundamental wrong of capital gains tax is that it taxes you not just for making a profit, it taxes you even if you've actually lost ground because the government can't control inflation.

Steven Andrews, MP for Croydon South

34 Policy/18 Media/23 Parliamentary


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Steven Andrews
(@steven-andrews)
Member
Joined: 6 months ago
Posts: 120
10/06/2019 10:48 am  

The Conservative Shadow Budget represents a step forwards in sane transport policy. Rather than pouring money into London-centric white elephant projects and bullet trains that don't stop anywhere but downtown, and whose sole impact on rural areas is the destruction of homes, division of farmlands, and disruption of lives, the Conservative Party has made it clear that we will be responsible stewards of public finances. We will invest in mainline electrification, we will work to improve rail capacity, and we will seek out smartly-scaled projects that help people in the shires and the countryside as well as in the big cities. Conservative transport policy will work to the benefit of all Britons, not just those living in the urban cores.

Steven Andrews, MP for Croydon South

34 Policy/18 Media/23 Parliamentary


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Macmillan
(@dylan-macmillan)
MP for North East Bedfordshire
Joined: 9 months ago
Posts: 560
10/06/2019 11:20 am  

Under our Conservative Party Shadow Budget every single worker in the United Kingdom who earns the average yearly wage would be £800 better off thanks to our income tax reforms. Labour, the Liberal Democrats, the SNP, all of these parties are failing to match our economic agenda because they believe they have more of a right to your money than you do. We are protecting key public services, reducing the deficit, and putting money back in your pocket. It doesn't matter whether you're in England, Scotland, Wales, or Northern Ireland the Conservative Party are working for you and for your pay packet.

Conservative MP for North East Bedfordshire
Leader of the Opposition (2014-16)

Prime Minister (2014)

Parliamentary Experience: Novice (25)
Media Experience: Experienced (62)
Policy Experience: Novice (29)


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General Goose
(@general-goose)
Member
Joined: 9 months ago
Posts: 362
10/06/2019 11:19 pm  

The Conservative Party shadow budget is a slap in the face to all the voters who backed the party on the grounds of the few concrete policy proposals that they made in the last election. This shadow budget is a sad collection of broken promises and reversing pledges that, only a year ago, Dylan Macmillan was promising to govern in accordance with. A year ago, Dylan Macmillan told voters he was "committed" to freezing rail fares: now he's calling for them to be increased at twice the rate of inflation. He committed to protecting the foreign aid budget - now he's saying we need to slash it. He said he would support the Crossrail development - now he's saying we should scrap it. This is just the tip of the iceberg. On these issues, Dylan Macmillan and every Conservative MP stood on clear promises. Now, even though the facts remain the same, they have dropped what they told voters were principled stances and sound economic policies. 

Graham Adiputera (Lib Dem - Sutton and Cheam)
Deputy Prime Minister
Liberal Democrat Leader
Foreign Secretary
Secretary of State for Business, Energy and Climate Change
Secretary of State for Culture, Media and Technology

Parliamentary - 36
Media - 53
Policy - 48


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Bertie
(@tonybcwilson)
Anthony B.C. Wilson MP
Joined: 9 months ago
Posts: 89
11/06/2019 11:22 am  

The Conservative Shadow budget is an attack on the commuters of this country.
Again, we see the Conservatives cutting investment in our railways whilst fares rise at double inflation. The Conservative budget promises, simply, paying more and getting less. They have cut Crossrail, they have cut HS2. Yet fares will rise by 4% again this year under Conservative proposals. They have no respect for the commuter and happily condemn them to more delays, poorer services and higher fares. Conservative policy is clear; pay more, get less. Mr Macmillan has u-turned on 'freezing' fares, Mr Macmillan has u-turned on Crossrail. The Conservatives have no plan for transport; no honesty in their policy on transport. But it is not them who must pay but commuters who face higher costs to fund their profligacy.

Anthony Bertram Charles Wilson, MP for Darlington.
Parliamentary: 11
Media: 24
Policy: 6


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General Goose
(@general-goose)
Member
Joined: 9 months ago
Posts: 362
11/06/2019 2:56 pm  

The government has, thanks to the savvy investments made by this government and the development of a sustainable and long-term infrastructure and housing investment capacity, set about on an ambitious programme of investment. This includes, through policies such as helping fossil fuel-dependent towns develop more sustainable economies and providing a source of capital for new housing developments with attached local services, various projects that help invest in the areas traditionally left behind by government policy. Not only have the Conservatives voted against these measures at every turn, but they have completely u-turned on their own economic plan that was in their manifesto but a year ago. Long term confidence in our economy requires developing a comprehensive and inclusive plan and sticking to it - the Conservatives have proven that they will flip-flop on the core tenets of investment strategy for no real reason. 

Graham Adiputera (Lib Dem - Sutton and Cheam)
Deputy Prime Minister
Liberal Democrat Leader
Foreign Secretary
Secretary of State for Business, Energy and Climate Change
Secretary of State for Culture, Media and Technology

Parliamentary - 36
Media - 53
Policy - 48


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General Goose
(@general-goose)
Member
Joined: 9 months ago
Posts: 362
11/06/2019 3:03 pm  

The Conservative commitment to a Negative Income Tax is interesting - as you may recall, we in the Liberal Democrats committed to exploring the case for a negative income tax in our manifesto, a commitment that the Tories refused to put in theirs. Once again, like we saw on land value taxation and Lords reform, where Liberals have long been pushing for open debate, and on higher tax-free personal allowances and the pension triple lock, we see the Conservatives once again following where the Liberal Democrats lead. However, I do not have confidence that the Conservatives will actually keep this commitment in the long term. They have already dropped and flip-flopped on so many policies over the span of a single year that I'd be surprised if they keep this discussion afloat. 

Graham Adiputera (Lib Dem - Sutton and Cheam)
Deputy Prime Minister
Liberal Democrat Leader
Foreign Secretary
Secretary of State for Business, Energy and Climate Change
Secretary of State for Culture, Media and Technology

Parliamentary - 36
Media - 53
Policy - 48


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Bertie
(@tonybcwilson)
Anthony B.C. Wilson MP
Joined: 9 months ago
Posts: 89
11/06/2019 6:47 pm  

The Conservative Budget gives nothing to parents. Not only is the education budget being cut by 0.5%, in comparison to the 2.4% increase Labour is delivering. There are no increases in free childcare, the Labour party is increasing free childcare by 5 hours per week for 1-2 year old children. There are no increases in the pupil premium, and yet Labour is delivering a £200 increase. Investment in schools, books and equipment falls by nearly £300 million in this budget, yet Labour has pushed in additional funding on top of our new schools built. They have failed parents. No childcare, yet Labour delivers. No rise in the pupil premium, yet Labour delivers. Funding down by £300, yet Labour delivers additional funding.

Yet again, the Conservatives are failing our pupils and parents.

They cut education to deliver big cuts to their own taxes. Whilst Labour cuts the deficit, the Conservatives line their own pockets once more at the expense of schools, pupils and parents.

Anthony Bertram Charles Wilson, MP for Darlington.
Parliamentary: 11
Media: 24
Policy: 6


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Bertie
(@tonybcwilson)
Anthony B.C. Wilson MP
Joined: 9 months ago
Posts: 89
11/06/2019 9:40 pm  

The Conservatives are offering nothing. This shadow of a budget is a disaster and offers nothing to the people of this country. In education, Labour increases spending 2.9% above the Tories, because we’re not cutting education. In health, Labour is increasing investment 0.6% above the Tories, because we’re bringing in 1000 extra beds. In taxes, Labour is giving £200 more than the Tories back. Labour is increasing investment because we believe in Britain. Whilst the Conservatives cut spending, they fail to cut the deficit. Labour is shrinking the deficit by £26 billion and 6% faster than the Conservatives. The Tory budget is in the shadow of Labour’s investment, tax cuts and deficit reductions. Labour is shrinking the deficit faster, increasing wages higher, cut taxes lower and investing in services better. Labour is the party that is clearing this country’s deficit and giving back £1000 pounds to the people of this nation.

Anthony Bertram Charles Wilson, MP for Darlington.
Parliamentary: 11
Media: 24
Policy: 6


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