Yesterday, we announced that a Conservative majority government will cut taxes for millions of hard working people.
We will help people with the cost of living with our plans to:
- Cut taxes for 31 million people by raising the national insurance threshold from £8,632 to £9,500 – meaning a tax cut of approximately £100 for millions of workers.
- Ultimately raise the threshold to £12,500 for all people which would put almost £500 in people’s pockets.
- Since 2010 we have already cut income tax for 32 million people by raising the level of personal allowance to £12,500 – meaning a typical basic rate taxpayer now pays £1,205 less tax than in 2010.
This tax cut demonstrates that once we get Brexit done, our priority is helping hard working people on low incomes and improving their lives.
Today too, we’ve set out a package of measures to build more homes, get people onto the housing ladder and make the renting market fairer. We will:
- Build one million more homes in the next five years.
- Strengthen the rights of renters by ending ‘no fault evictions’.
- Help more people onto the housing ladder by introducing a discount home scheme and by encouraging innovation in the mortgage market.
- Improve the system for paying your deposit by introducing a deposit passporting scheme.
Finally, we’ve announced that a Conservative majority government will implement a three-point plan for social care which includes:
- £1 billion extra of funding every year for more social care staff and better infrastructure including investing in new care homes.
- A commitment to seek a cross-party consensus urgently in order to bring forward the necessary proposal and legislation for long-term reform.
- A guarantee that no one needing care has to sell their home to pay for it.
Today, Labour will publish their manifesto; these are the key points to remember:
- Jeremy Corbyn simply doesn’t have a plan for Brexit – just more dither and delay. And without a plan to get Brexit done he has no credibility on anything else.
- Corbyn’s Labour can’t win a majority, so his only chance of getting into power is to do a deal with Nicola Sturgeon's SNP. That would mean that 2020 would be lost to the chaos of another two referendums – one on Brexit and another on Scottish independence.
- A Labour government would mean unlimited and uncontrolled immigration putting pressure on our public services and a reckless spending spree which would take a sledgehammer to the British economy and cost every taxpayer £2,400 a year.