Category: Pensions

Labour to Vote Against 'Granny Tax'

19/4/2012

Labour will today vote in the House of Commons against the tax rise on pensioners – the ‘granny tax’ – announced in last month’s Budget.

Ahead of the vote actor Richard Wilson will join shadow chancellor Ed Balls MP and shadow chief secretary Rachel Reeves MP to meet workers soon to turn 65 who will be hit by up to £323 a year from the 'granny tax'.

Joan Bakewell's Call to Action on 'Granny Tax'

17/4/2012

Broadcaster, journalist and Labour peer Joan Bakewell has asked Labour Party members to join her in calling on David Cameron and George Osborne to think again on their 'Granny Tax' - the controversial Budget measure which will see, from next April, pensioners who pay income tax losing on average £83 a year – while 14,000 people earning over £1 million receive a tax cut.

Government's Secret Plan for a Second Granny Tax

16/4/2012

For all their talk about wanting to help pensioners, the Government has a secret plan for a second Granny Tax of up to £897 for around 105,000 new pensioners.

Buried in the detail of the Budget, is a plan to abolish Savings Credit, which will end up punishing modest income pensioners who did the right thing by saving for a pension during their working age lives.

Joan Bakewell Leads Petition in Support of Pensioners

25/3/2012

Joan Bakewell is leading an e-petition to the Downing Street website calling on David Cameron to think again on his Government’s unfair raid on vulnerable pensioners announced in last Wednesday’s Budget.

In the same Budget David Cameron and George Osborne gave a £3 billion tax cut to the richest one per cent.

Budget - IFS Confirms Almost 4.5 Million Pensioners Will Lose Out

22/3/2012

Ed Balls MP, Labour’s shadow chancellor, responding to the IFS Budget 2012 briefing, said:

“The IFS has confirmed that George Osborne’s tax raid on pensioners will see nearly four and a half million pensioners losing £83 next year. And people turning 65 next year will lose up to £323 with little forewarning.

Budget Response

21/3/2012

Budget response from Labour.

Pensions

Rachel Reeves MP, Labour’s Shadow Chief Secretary to the Treasury, said:

“George Osborne has tried to bury his £3 billion ‘Granny Tax’ raid on pensioners over the next four years. The freeze in the personal allowance for pensioners will see 4.4 million pensioners who pay income tax losing an average of £83 per year next April. And people turning 65 next year will lose up to £322.

Public Sector Pensions Negotiations

2/11/2011

Rachel Reeves MP, Labour's Shadow Chief Secretary to the Treasury, has today told the House of Commons that the Government must leave no stone unturned in the public sector pensions negotiations. It must seek a genuinely sustainable agreement that is fair to public sector workers, fair to taxpayers and avoids a strike this autumn.

Click here to read Ms Reeves' speech in full.