Pincher Welcomes Conservative Conference Pledges to “Secure A Better Future”

Tamworth’s MP, Christopher Pincher, has welcomed the tax announcements made by David Cameron at the Conservative Party Conference held in Birmingham.

The Prime Minister revealed that a Conservative government will increase the lower rate threshold before paying tax from £10,000 to £12,500 in the next parliament. That will lift a million lower paid workers out of tax leaving them with much more money in their pockets. And the announcement that the higher 40p band will see its threshold increased to £50,000 will see middle earners saving over £1,000 each year.

Mr Pincher said, “I went to Birmingham calling for more help for tax payers and pensioners and so I am very pleased with the Prime Minister’s promise. His announcement will help a good many families and single workers in Tamworth. It will help boost our town’s economy and help cement our place as the best place in the Midlands to live and to work.

“I am also really pleased that George Osborne has pledged to slash the “death tax” on people’s pensions. Currently, a large chunk of personal pensions are lost to the taxman when the pensioner dies. The Chancellor’s decision to cut the rate from 55% to just 20% means that pensioners will be able to pass on much more of their wealth in their pension pots rather than their heirs having to hand it over to the Revenue. I think pensioners in Tamworth who have worked hard will be pleased with this news.

“The Conservative conference also made clear that it is the only party that will continue to reform welfare so it always pays to work, fix the economy so we can invest in the NHS, deal firmly with immigration by addressing the problem of free movement of people from the European Union and give us a referendum on our membership of the EU itself.

“I think this shows we are the only Party with a long term economic plan to fix our economy so that it delivers, long term, for families, for individuals and for community groups up and down our country and here in Tamworth.”

The Conservative Conference was also said to have contributed £15million to the Midlands economy as businesses, exhibitors and delegates from all over the country flocked to Birmingham to hear plans from David Cameron, George Osborne, Theresa May, Nicky Morgan and Boris Johnson. The Conference has also seen an immediate boost to Conservative fortunes with opinion polls showing them in the lead over Labour.