Working at minimum wage for 30 hours - you'll pay zero Income Tax |
Encouraging
the Living Wage is just one aspect of the Conservatives helping the least
well-off. This should be viewed as part of a wider package of measures, all of
which are underpinned by the Conservatives long-term economic plan. While
Labour may choose to ignore this fact, we shouldn’t be under any illusion that
getting the economy right is fundamental to helping ordinary people and the
least well-off get on in life.
A key policy
has been raising the income tax allowance from £6,475 in 2010 to £10,000 this
year. Next April the tax-free allowance will rise to £10,500 a year and David
Cameron has pledged it will rise to £12,500 in the next parliament. This will take
a further one million workers out of income tax altogether and anyone on the
minimum wage (which has just risen to £6.50 an hour) working 30 hours a week,
will not have to pay a penny of income tax.
The Conservatives
have also frozen Council Tax since 2010 and next April will see the fifth
successive annual freeze, meaning that in real terms it has reduced whereas under
the last Labour government, Council Tax doubled.
Making work
pay and getting those who can work off benefits has been crucial to having the
highest ever number of people in employment whereas Labour cynically opposed
every benefit reform, preferring people to languish on benefits at public
expense. Labour may claim with words to be the party that will help the low-paid,
but the reality is that it is the actions of the Conservatives that show we are
the party that helps those on modest incomes."
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