Published On: Mon, Nov 4th, 2019

State pension increase of 3.9% and tax cuts for workers part of £5billion Tory windfall


Plans to give workers a tax cut worth up to £460 by raising the national insurance threshold are also being considered by Boris Johnson. And an independent review published backs the Chancellor’s plan to force employers to dramatically increase low wages. Mr Johnson insisted the Conservative election manifesto “certainly will” be fully costed.

The Prime Minister warned that Jeremy Corbyn’s Labour party would “seriously trash our economy.”

“They will put up taxes and they will wreck businesses. And they will embark on a programme of huge wealth distribution, re-distribution, taxation and spending that will destroy businesses in this country,” he told Sky News.

Mr Johnson said it was a matter of “deep regret” that Parliament had thwarted his plan to take Britain out of the EU by October 31.

But he insisted Mr Corbyn would inflict “toxic” trauma on the country with his plans to force the country into a second referendum.

“What does Corbyn and the Labour Party want to do? They want to go back to Brussels and have six months of a new negotiation, then have a referendum with all the toxic, tedious trauma that involves and then he wants to campaign against his own deal.”

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Struggling pensioners and families to receive income boost (Image: PA / Getty)

Mr Johnson said he could see “no reason whatsoever” for delays in negotiations over future trade relations with the EU if he secured a strong majority.

“If you get the right Parliament anything’s possible,” he said.

Three polls yesterday (SUN) put the Conservatives significantly ahead in the election race, with Opinium showing the greatest lead at 16 points.

A YouGov study had the party on 39 per cent, 12 points ahead of Labour. An ORB International poll put the Tories eight points ahead of Labour, which was second on 28 per cent.

Chancellor Sajid Javid announced a pay rise for the nation in September with a hike in the national living wage to £10.50 planned in the next five years.

An independent review into minimum wages by Professor Arindrajit Dube, from the University of Massachusetts Amherst, backed the approach. 

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The economist found minimum wages in a range of countries have had a negligible or zero effect on jobs, but significantly increased the earnings of the lowest paid. 

Mr Javid said: “The evidence is clear that our approach is the right one. 

“We will end low pay by putting the National Living Wage on a path to increase to £10.50 over the next five years.

Prof Dube said: “Based on the overall evidence, with a special emphasis on the recent, high quality, evaluations of the National Living Wage and other more ambitious policies internationally, my report concludes that that there is room for exploring a higher NLW in the UK up to two-thirds of the median wage.”

Ministers confirmed Universal Credit and other welfare payments will rise 1.7 per cent in line with inflation and the state pension will increase by 3.9 per cent.

The Department for Work and Pensions said the end to the freeze and rise for pensioners would cost £5 billion per year.

READ MORE: Dog owner warning: Pet lovers could face £100 bill

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Sajid Javid said ‘evidence is clear’ the Conservatives are taking right approach to pension (Image: Getty)

The state pension will increase to £175.20 per week, meaning recipients will get an extra £344 a year.

Work and Pensions Secretary Therese Coffey said: “We’re clear the best way for people to improve their lives is through work but we know some people require additional support.

“Our balanced fiscal approach has built a strong economy, with 3.6 million more people in work since 2010. And it’s that strong economy which allows us to bolster the welfare safety net by increasing benefit payments for working-age claimants now.”

Analysis of party spending plans by the Resolution Foundation think-tank found Tory plans for major investment in infrastructure would put spending at 41.3 per cent of GDP by 2023.

Labour’s sweeping spending plans would be at least two per cent higher and would put the size of the state under Jeremy Corbyn at “significantly above the 1970s average”.

Mr Corbyn signalled he wants to scrap Heathrow Airport’s expansion to meet the party’s target of making the country carbon-neutral by 2030 if he wins the election.

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Jeremy Corbyn signalled he wants to scrap Heathrow Airport expansion (Image: Getty)

He said the third runway would need to meet noise, pollution and emissions tests.

“It has to meet those tests and that is the reason why I opposed it when it last came to Parliament because, in my view, it did not meet those tests,” he said.

Liberal Democrat leader Jo Swinson admitted smaller parties have been plotting a Remainer electoral pact to secure up to 60 seats and stop a Conservative majority.

She said: “I think it’s fair to say that in the vast majority of constituencies the party of Remain that is going to be best-placed to win that seat will be the Liberal Democrats.”

MPs will elect a new Commons Speaker to replace John Bercow today before Parliament rises tomorrow night (TUES) for the election campaign to get under way fully.



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