Tax England to fund Scotland? Labour’s sums don’t add up

Labour has already declared war on businesses, now they are taking that fight to hardworking families. Don’t let them wreck out economy again.

by the commentator on 6 January 2015 18:49

Ed Miliband may be desperate to prevent the SNP from stealing all of Labour’s seats, but taxing Brits to fund Scottish Nurses in a pre-election bribe is a slap in the face to hard working English taxpayers.

The simple truth is that Labour’s current published spending plans show that Ed Miliband would increase borrowing and debt by £20.7 billion in just one year, hitting Britons hard. That’s £1,200 for every working household and a stark warning to anyone underestimating how unfair a Labour government under weird Ed would be to those who want to get on in life.

As well as triggering a full council tax re-evaluation, costing a fortune, Labour’s home tax plans will destroy London’s housing market, putting the engine of the economy at risk.

Nigel Wilson, chief executive, of Legal and General has warned: ‘People who choose to prioritise buying a home have typically made sacrifices to do so: fewer foreign holidays, meals out or other luxuries. Through no fault of their own, their prudence would be punished by a Mansion Tax… What may well happen is that fewer top-end houses get built, more homeowners stay put, and ultimately fewer opportunities exist for first-time buyers.”

Labour has already declared war on businesses, now they are taking that fight to hardworking families. Don’t let them wreck out economy again.

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