It's worth bearing in mind that council tax benefits were scrapped about 10 years ago. Now, although there's still a discount for people on income based benefits and some local authorities still give a full discount, others only do a partial amount. If the single person discount is scrapped...
Our record on tax reduction and tax reform speaks for itself. Obviously in the present grave situation it would be irresponsible to make any commitments about tax rates. But what we can promise is that the burden of taxation on everyone in Britain will be far less than it would be under L...
There was a reduction in hours of work, conditional on participation: something we would expect if the income effect of the larger cash entitlements dominates the substitution effect associated with lowering the phase-out rate of Family Credit from 70% to 50%, and/or if there was significant ...
but £25 per person per year appears to be a reasonable working estimate. This is more than the sector can spend at the moment given its current capacity, which is why we recommend a five-year settlement that “back-loads” funding towards the final years.All Party Group for Walking and...
1986 The Tax Reform Act eliminates the tax deductibility of individual retirement account (IRA) contributions for highly paid persons covered by pension plans; reduces the maximum contribution to salary reduction [401(k)] plans; and limits the deductibility of interest paid on loans against corporate...
worst. So we will look at ways in which local councils proposing increases in their budgets significantly above the rate of inflation can be obliged to hold a local referendum on the increase in the Council Tax which this would entail. We will also retain Section 28 of the Local Government ...
Over the last four years, the retirement pension has risen from £19.50 to £32.85 a week for a single person and from £31.20 to £52.55 for a married couple. Even after allowing for price rises, pensioners can buy more with their pension today than they could under the last Labou...
We will increase the amount of savings which a disabled person can have before losing benefit, matching the entitlement of pensioners. Disabled people who have lost their jobs can become trapped on Incapacity Benefit. We will address this problem by creating a new agency which will pay ...
It required firm control of public expenditure, a substantial reduction in government borrowing, curbing the growth of money in circulation, maintaining financial discipline, stimulating competition and moderating trade union power. The Opposition parties opposed nearly every aspect of this strategy. If ...