Newry pensioners could be hit hardest by 2012 budget

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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Posted by Declan McAteer on Mar 23 2012. Filed under Budget 2012, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry