Rosie Cooper MP

Working hard for the people of West Lancashire

22/04/08 MP Rosie comments on Chancellor's budget

Rosie Cooper MP said: ""The Chancellor has said quite clearly that he cannot rewrite the budget but will be returning to this issue in the future, which I welcome.

“It is important to remember that under the Tories the basic rate was 23p in the pound and that was with no tax credits other than the limited benefit from family credit. That meant even the poorest taxpayers paid 23p in the pound."

"Contrast that with what we have done - it is now 20p in the pound with a major increase in tax credits for those with and without children."

"Giving low income families a negative income tax rate, like a tax credit, is better than leaving in place the 10p rate as it is the best way to lift people out of poverty."

"For the poorest child, the payment in 1997 was £27. It is now £70 and through the pension credit no pensioner need live on less than £124 a week – far more than can ever be delivered through the income tax system.

"We are creating a fairer system of taxation and there is a package of financial measures which are being targeted at some of the most vulnerable in society."

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