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Labour accused of losing centre

The Conservatives have accused Labour of spectacularly losing their centre ground political position as a result of the pre-Budget report this week.

Conservative Shadow Chancellor George Osborne attacked Labour for the tax changes introduced in the PBR, saying the message to aspiring families was that Labour is not the party to choose if they want to get on in life, because they will be taxed further for having a job and saving for a pension.

He said: “If you want to get on in life, if you want to own your own home, if you want to save for a pension or leave something for your children then the Labour party is not for you any more.

“All that work they did to drag their party on to the centre ground of British politics, all the efforts they made to persuade the country they are for enterprise and aspiration. All that is gone. Instead they have erected a sign over the country saying closed to enterprise and wealth creation.”

Osborne said Labour had lost all the “moral authority to govern” and said they had adhered to the greatest of golden rules, “never trust a Labour Government with your money again”.

He said: “Instead of telling the country that we’re all in this together Labour now pretend they can solve our problems by setting one part of the country against another. At the next election, it will be the few who support this approach and the many who reject it.”


Cable slams CGT loophole and doubts growth forecast

Liberal Democrat Shadow Chancellor Vince Cable has hit out at the Government for continuing to allow tax avoidance through capital gains tax loopholes. Speaking in Parliament on Wednesday in response to the pre-Budget report, Cable slammed Darling’s speech, citing it as “a good Budget for bingo and boilers”. He criticised Darling for not changing CGT […]

CML rues stamp duty missed opportunity

The Council of Mortgage Lenders says the Government’s decision not to extend the stamp duty holiday is a missed opportunity. Properties under £175,000 have been exempt from the tax but the threshold is due to return to the £125,000 limit next year. Darling claims the holiday has helped 240,000 homebuyers but the CML says the […]


PBR: Full personal accounts contributions delayed until 2017

The Government has given employers the green light to contribute only 1 per cent to their employees’ pensions for an extra year, resulting in members not recieving the full 3 per cent contribution until October 2017 while Treasury coffers are boosted by £2.4bn.


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