Labour Plan Tax Raid on Pensioners

24 Sep 2018

Labour’s leader in Scotland, Richard Leonard, has used his conference speech to propose a “1% windfall tax on Scotland’s wealthiest 10%” which he claims would raise £3.7 billion. However, official figures show that 49% of those affected would be pensioners.


Kenneth Gibson MSP commented:


“Labour has had a terrible conference. On Sunday a confused Mr Leonard left the door open for a re-run of the 2016 EU referendum whilst firmly opposing another independence referendum because it is ‘too soon’ after the 2014 referendum!

 

“Now Labour’s plan for a ‘one-off’ tax is completely half-baked. It includes assets, such as a home, rather than income. Half of those hit by this £3.7 billion tax bill would be pensioners, for whom having a house does not necessarily mean having a high income. 


“For many of those who would be hit, their ‘wealth’ could be little more than their home and pension. How is Richard Leonard expecting those pensioners to afford a one-off tax bill?


“The SNP has made serious, progressive reforms to our tax system, which see those on higher incomes paying a greater share. Rather than more ‘back of a fag packet’ plans from Labour or reheated proposals of federalism-some-day, we should take full controls over tax and welfare in Scotland to continue to tackle inequality.”

 

In the top decile of wealth in Scotland, 31% are pensioner couples, 6% are single pensioners and 12% are a couple with one pensioner – 49% in total.


Wealth and Assets in Scotland, 2006-2014

https://www.gov.scot/Publications/2017/02/6032/10.

 

ENDS

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