Thursday, March 21, 2013

Budget Blues

Budget 20th March 2013 – the new Child Care Allowance
For working class families the new Child Care tax allowance sounds good. But both parents will have be working and paying income tax, or if a one parent family the lone parent will have to be working. So those on low pay, working part-time, on benefits, or 'stay-at-home mums' will not be able to get help with child care.

 The budget benefits employers, businesses of the capitalist class by reducing Corporation Tax, reducing employers contributions to National Insurance as well as the top rate of Income Tax coming down.

As usual the working class get little from the Budget in capitalism.

SPC

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