for dummies british politics - economy

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Want to learn more about the key UK political parties? Check out http://bit.ly/BritishPoliticsFD Liberal Democrats Help the economy recover and boost consumer confidence. Making sure the recovery is fair – prioritising creating jobs and apprenticeships. Helping businesses create over 1 million new jobs and work to create a million more. Creating a record number of apprenticeships, with over 2 million people starting an apprentice- ship since 2010. Investing in key sectors, like manufacturing, so we can build a new, hi-tech economy. Having given a £700 tax cut to 24 million people, increasing to £825 in 2015, and hopefully into £1,200 in the future. Continuing to campaign to create a Mansion Tax on the value of properties worth over £2 million. Each party has their own unique take on how to improve the economy, and it is the voter’s choice to decide who has the most promising ideas. UK Main Political Party Policies ECONOMY Conservatives Reducing the deficit, safeguard economy for the long term, and keep mortgage rates low. Cutting income tax and freezing fuel duty to help hardworking people be more finan- cially secure. Creating more jobs by backing small business and enterprises with better infrastructure and lower jobs taxes. Capping welfare and working to control immigration so our economy delivers for people who want to work hard and play by the rules. Delivering the best schools and skills for young people so the next generation can succeed in the global race. Labour Balancing the books by getting the current budget into surplus and national debt to fall as soon as possible. Changing the economy by tackling the cost-of- living crisis with stron- ger and more balanced growth, including an £8 minimum wage. Sharing the burden fairly. Protecting everyday working people by clamping down on tax avoidance, reversing tax cuts for millionaires, introducing Mansion Tax on houses worth over £2 million, and transforming the NHS. Capping social security. Addressing the root causes of welfare spending by getting 200,000 homes built a year, making tough decisions like scrapping Winter Fuel Allowance for the richest pensioners, and capping Child Benefit rises. Plans for the economy are usually a key issue addressed by political parties during an election, and this one is no exception. Generally speaking, if the economy is doing well during an election, the current ruling party gets a boost in likeliness to be re-elected, but if the economy could use improvements, the opposing parties have a chance to sell their plans on improving the economy. Below is a chart showing how each party is looking to deliver a thriving economy. UKIP Increasing personal allowance to the level of full-time minimum wage earnings (approx £13,500 by the next election). Abolishing Inheritance tax. Introducing a 35p income tax rate between £42,285 and £55,000, whereupon the 40p rate becomes payable. Setting up a Treasury Commission to design a turnover tax to ensure big businesses pay a minimum floor rate of tax as a proportion of their UK turnover. SOURCES: http://www.ukip.org/policies_for_people http://www.labour.org.uk/blog/entry/our- immigration-reform-bill-will-set-out-our- new-approach-to-make-a-real-di http://www.libdems.org.uk/immigration

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Want to learn more about the key UK political parties?Check out http://bit.ly/BritishPoliticsFD

LiberalDemocratsHelp the economy recover and boost consumer con� dence.

Making sure the recovery is fair – prioritisingcreating jobs andapprenticeships.

Helping businessescreate over 1 millionnew jobs and work to create a million more.

Creating a record number of apprenticeships, with over 2 million people starting an apprentice-ship since 2010.

Investing in key sectors, like manufacturing, so we can build a new,hi-tech economy.

Having given a £700 tax cut to 24 million people, increasing to £825 in 2015, and hopefully into £1,200 in the future.

Continuing to campaign to create a Mansion Tax on the value ofproperties worth over£2 million.

Each party has their own unique take on how to improve theeconomy, and itis the voter’s choice to decide who has the most promising ideas.

UK Main PoliticalParty PoliciesE CO NOMY

ConservativesReducing the de� cit, safeguard economy for the long term, and keep mortgage rates low.

Cutting income tax and freezing fuel duty to help hardworking people be more � nan-cially secure.

Creating more jobs by backing small business and enterprises with better infrastructure and lower jobs taxes.

Capping welfare and working to controlimmigration so our economy delivers for people who want to work hard and play by the rules.

Delivering the best schools and skills for young people so the next generation cansucceed in the global race.

LabourBalancing the books by getting the current budget into surplus and national debt to fall as soon as possible.

Changing the economy by tackling the cost-of-living crisis with stron-ger and more balanced growth, including an £8 minimum wage.

Sharing the burden fairly. Protectingeveryday working people by clamping down on tax avoidance, reversing tax cuts for millionaires,introducing Mansion Tax on houses worth over £2 million, and transforming the NHS.

Capping socialsecurity. Addressing the root causes of welfare spending by getting 200,000 homes built a year, making tough decisions like scrapping Winter Fuel Allowance for the richest pensioners, and capping Child Bene� t rises.

Plans for the economy are usually a key issue addressed by political parties during anelection, and this one is no exception. Generally speaking, if the economy is doing wellduring an election, the current ruling party gets a boost in likeliness to be re-elected, but if the economy could use improvements, the opposing parties have a chance to sell their plans on improving the economy.

Below is a chart showing how each party is looking to deliver a thriving economy.

UKIPIncreasing personal allowance to the level of full-time minimum wage earnings (approx £13,500 by the next election).

Abolishing Inheritance tax.

Introducing a 35pincome tax rate between £42,285 and £55,000, whereupon the 40p rate becomes payable.

Setting up a Treasury Commission to design a turnover tax to ensure big businesses pay a minimum � oor rate of tax as a proportion of their UK turnover.

SOURCES: http://www.ukip.org/policies_for_peoplehttp://www.labour.org.uk/blog/entry/our-immigration-reform-bill-will-set-out-our-new-approach-to-make-a-real-dihttp://www.libdems.org.uk/immigration