Newry pensioners could be hit hardest by 2012 budget

Declan McAteer Posted by
declan@newrytimes.com
Friday, March 23rd, 2012
Budget 2012, News

Shadow Secretary of State Vernon Coaker has said this week’s budget is bad news for Northern Ireland, and that one third of pensioners living in Northern Ireland stand to lose out financially.

Mr Coaker claims that the budget will see pensioners lose an average of £83, “The Granny Tax raid on Northern Ireland will affect one in three pensioners who live there. The freeze in personal allowance will see pensioners lose an average of £83. At the same time, millionaires will receive an upwards of £40,000 a year more because of a cut in the top tax rate.”

He continued, “The secretary of state welcomed the budget and said it was good for Northern Ireland. It shows just how out of touch he is. The budget is bad news for Northern Ireland, and will take money away from older people who will lose out because of the Tory tax on pensioners.”

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  1. […] Special: Newry pensioners could be hit hardest by 2012 budget Irwin slams fuel price hike in 2012 Budget SDLP’s Dominic Bradley critical of […]

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