View more on these topics

Ukip U-turns on IHT abolition

Nigel Farage Ukip leader 2013 700 x 450.jpg

Ukip has dropped plans to abolish inheritance tax in favour of offering increased wages for public sector workers.

Speaking at the party’s annual conference in Doncaster today, recently appointed economics spokesman Mark Reckless said Ukip would no longer campaign for money saved from a European Union exit to fund the end of IHT.

Reckless, who lost his seat in Parliament at the 2015 election, said the Government is unfairly targeting public sector workers.

He said: “If public sector pay rises at that 1 per cent a year, or barely 5 per cent over the Parliament, then the Office for Budget Responsibility forecast implies that private sector pay will increase by 25 per cent over the same period.

“5 per cent v 25 per cent. How can that be fair? How could we recruit and retain the quality staff we need for our public services? Why do the Conservatives so dislike people who work in the public sector? And who will defend those public servants when Labour is riven by extremism and division?”

Ukip estimates that £55m a day is contributed to the EU, and would represent a potential “Brexit dividend” in the case of an exit.

Of that sum, Reckless said £5bn previously budgeted to abolish inheritance tax would now be used for salary increases for public sector workers, equating to 2 per cent per year.

He said: “If Britain votes for Brexit next year then that money will be available for the NHS, it will be available for tax cuts, and it will be available to give people in the public sector a long overdue pay rise.

“When we vote to leave the EU we will not only be more than a star on someone else’s flag. We will be prosperous, democratic and free.”

Recommended

EU-Euro-Europe-Eurozone-700x450.jpg

Ukip to launch own EU referendum campaign

Ukip will launch its own campaign against joining the EU rather than joining one of two existing No campaigns, the BBC reports. According to the BBC, party leader Nigel Farage believes the two existing campaigns – one led by politicians in Westminster and the other by businessmen – do not have Ukip’s “political nous” and […]

Nigel Farage Ukip leader 2013 700 x 450.jpg

Ex-MP Mark Reckless named Ukip economics spokesman

Ukip has named its former MP Mark Reckless as its new economic spokesman. Reckless moved to the party in 2014, defecting from the Conservatives in Rochester and Strood, triggering a November by-election. After just six months as a Ukip MP, he was defeated by Tory Kelly Tolhurst in this year’s general election. He replaces former […]

Nigel Farage Ukip leader 2013 700 x 450.jpg
5

Ukip rejects Farage’s resignation

Nigel Farage will remain the leader of Ukip after the party rejected his resignation. Farage announced he would step down on Friday after failing to win the seat of South Thanet, as he had promised in the run up to the general election. But Ukip’s national executive committee has “unanimously” rejected his resignation, saying the […]

I LOVE UKIP
3

Ukip to investigate advice ‘voucher’ system for retirees

Ukip has promised it will work to guarantee free advice to pensioners, as well as sharply increasing the budget for at-retirement guidance services. Alongside plans to overhaul state pensions announced yesterday, Ukip described current offerings from The Pensions Advisory Service and Citizens Advice as “completely inadequate”. It states that a Ukip government would make funds […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Is it even worth reporting what the numpties say or do. They may as well promise us all a lottery win for all the influence and effect they have. I’d rather believe the Monster Raving Loony Party.

Leave a comment