The economy has made great strides under the Conservative-led government, across the country and especially in Dulwich and West Norwood. In our area, unemployment has fallen by more than a 1/3, and youth unemployment has fallen by 50%. Nationally, there are fewer workless households than at any time on record.
Increases to the personal allowance mean most tax payers pay £630 a year less than they did. Prime Minister David Cameron has pledged further changes if re-elected meaning tax cuts of a further £500 for those earning up to £50,000, while those earning up to £100,000 will save more than £1,300 a year.
The work on rebuilding the our economy is only just beginning however, and it’s vital we increase productivity to help drive wages up. This means continuing our long-term economic plan, with investment in infrastructure such as improving rail and tube services in south-east London, and continuing to improve school standards for all children. Labour’s same old plan of more taxes, more borrowing and more waste is exactly what we can’t afford.