THE Chancellor's Pre-Budget Report has comprehensively mortgaged our children and grandchildren's future, so that Gordon Brown can safeguard his own future.
This £20billion tax giveaway is going to cost us all £40billion in permanent tax rises – that's nearly £1,500 for every family in the land. And that's without counting the further £100billion of unspecified tax rises yet to come buried in the small p
rint.
In one afternoon, the Chancellor doubled the national debt to more than £1trillion, and borrowed more than at any time in our history.
The permanent tax rises he will be calling in will be an extra £20billion on National Insurance, £10billion on income tax, £5billion on alcohol and cigarettes and £2billion on pensions.
By 2012/13, anyone earning more than £20,000 will be paying more tax. So the majority of earners will be permanently worse off by April 2011, even before the alcohol and tobacco tax rises.
Those hit by Labour's tax bombshell budget include most teachers, social workers, police officers, paramedics, firemen, office managers and professionals.
The Chancellor didn't mention in his speech that:
Borrowing next year will be the highest as a proportion of GDP on record;
The national debt will be the highest on record as a percentage of GDP;
The Government is borrowing more than the entire debt it inherited from all previous Governments put together.
£295billion more borrowing than was forecast just eight months ago – more than £11,000 per family.
These vast sums of money now seem so large that they become unreal. Perhaps Gordon Brown and his Chancellor are banking on it that we don't realise what this is means for us. More taxes, less of our hard-earned money in our pockets to spend on our families' needs.
It's our hard-earned money Gordon, not yours. You were not elected into Number 10, but I am going to do everything in my democratic power to make sure you are elected out.
Anne-Marie Trevelyan,
Parliamentary Candidate,
Berwick Conservatives
The full article contains 339 words and appears in Northumberland Gazette newspaper.