In the final countdown to the General Election on Thursday 7th May, the choices facing all voters across the country could not be clearer in financial and economic terms. As an economist, Conservative candidate Resham Kotesha knows only too well what the disastrous consequences of a Labour government might be:
“On Thursday night, in the final round of TV interviews, Ed Miliband was in denial over the economic mess that the last Labour administration had left the UK in, and for that matter the role that Ed Balls played in that. Only with a strong mandate for David Cameron and the Conservatives will the country be in safe hands, further reducing the deficit and strengthening the economy and providing the wherewithal for more employment, more apprenticeships, improved investment and infrastructure, less debt and importantly, at a personal level, less tax.”
The choice is:
Vote Conservative for a strong economy and a Britain made even Greater or instead,
Vote Labour for yet more debt, more taxes, imprudent spending and a Britain at risk of division in any deal Labour make with SNP.
Vote Conservative and get:
- The deficit eliminated by 2018 and achieving an absolute surplus, of both day-to-day spending and capital investment by 2019 – in other words, a World’s example-leading economy.
- Raising of the 40p tax threshold to £50,000, improving the finances of thousands of hard-working middle-earners.
- A commitment to not raise income tax, national insurance or VAT.
- A commitment to protecting the incomes of Senior Citizens.
- Increasing the tax-free personal allowance to £12,500 and legislating to ensure that those on the minimum wage do not pay tax.
Vote Labour and get instead:
- Vagueness in a ‘promise’ to “cut the deficit every year” and achieving a surplus on the current budget “as soon as possible” in the next parliament.
- The prospect of a £90 billion increase in National Debt, through lower and slower deficit reduction, more borrowing and as yet unproven increased tax measures.
- Leaving the 40p tax threshold rules as they are, and 6.4 million middle-earners being dragged into the higher tax band.
- No assurance that the threshold for the 40p tax rate will not be lowered.
- The introduction of Mansion Tax affecting - it has been estimated by the Treasury - 150,000 homes in the UK worth more than £2 million. [Many Dulwich & West Norwood properties will be included.] Resham comments, “The OECD reports that British households are already paying more property tax than other developed nations, with an estimated £1 in every £8.50 collected in tax coming from property, and this is before any introduction of Mansion Tax”.
- The reintroduction of the 50p tax band for higher earners and the abolition of transferable personal allowances for married couples.
Resham says, “It’s easy to avoid the increased tax, debt and chaos that would result under Labour and SNP by voting for me and the Conservatives on May 7th. Not only will a vote for the Conservatives mean a stronger economy for the UK, but also better education and transport prospects for those living in Dulwich and West Norwood”.