October 27, 2021
Just a year ago we were in the middle of the worst recession in 300 years. But we created an ambitious Plan For Jobs which is seeing us recover faster than our major competitors, with more people in work and growth up. This Budget and Spending Review will allow us to maintain this progress with a stronger economy for the British People by:
It is a bold budget which drives us forward by: investing in innovation and skills; delivering world-class public services; backing business; helping working families with the cost of living; and by levelling up across the UK with massive investment in infrastructure among other major initiatives helping to build back better and greener.
Commenting, Therese Coffey, Secretary of State for the Department of Work and Pensions, said:
“Corbyn’s Pension Tax will see ten million savers facing a huge bill forcing them to delay their retirement for almost three and a half years.
“This is just one of the ways a Corbyn government would hammer hardworking people on top of his plans to hike up taxes by £2,400 a year, as well as the cost of his plan for unlimited immigration and the chaos of 2020 being dominated by two more referendums – one on Brexit and another on Scottish independence.
“Only Boris Johnson and the Conservative Party can get Brexit done with a deal, get parliament working again and turbocharge our economy to unleash Britain’s potential.”
Read more about how this Pension Tax will impact millions of savers (PDF)
