10-27-2024, 02:58 PM
The Liberal Party believes that this Octobers Autumn Budget by the chancellor should be an opportunity get the UK working and bring about much needed reforms to taxation and the business environment.
We believe the £22 billion blackhole in government finances has been used as a distraction to justify cuts to the winter fuel payment, the refusal to lift the two-child benefit cap or combat child poverty.
The government’s gloomy assessment of the economy is having a detrimental effect on business and consumer confidence, harming investment and spending and a more positive but realistic vision must be delivered.
The party does not begrudge public service works a long overdue pay rise but fully acknowledges that it will put pressure on budget in the public sector without adequate funding.
We believe modest adjustments to tax rebates, allowances and exemptions would provide the chancellor with adequate funds to do so without necessarily raising income tax.
We believe the £22 billion blackhole in government finances has been used as a distraction to justify cuts to the winter fuel payment, the refusal to lift the two-child benefit cap or combat child poverty.
The government’s gloomy assessment of the economy is having a detrimental effect on business and consumer confidence, harming investment and spending and a more positive but realistic vision must be delivered.
The party does not begrudge public service works a long overdue pay rise but fully acknowledges that it will put pressure on budget in the public sector without adequate funding.
We believe modest adjustments to tax rebates, allowances and exemptions would provide the chancellor with adequate funds to do so without necessarily raising income tax.