Conservative Party conference: George Osborne speech

Conservative Party conference: George Osborne speech; Osborne speech SOT - Nor will we tolerate tax evasion. It is unacceptable at the best times; it too is morally indefensible in times like these. And this party will not stand for it. So we will demand that the richest in our society bear their share of the burden. And just as we ask the richest to pay their fair share, we must make sure we spend fairly too. That means tough choices. We still pay over a billion pounds a year in child benefit to higher rate taxpayers. Believe me, I understand that most higher rate taxpayers are not the super-rich. But a system that taxes working people at high rates only to give it back in child benefit is very difficult to justify at a time like this. And it's very difficult to justify taxing people on low incomes to pay for the child benefit of those earning so much more than them. These days we've really got to focus the resources where they are most needed. We've got to be tough but fair. That's why we will withdraw child benefit from households with a higher rate taxpayer. When the debts left by Labour threaten our economy, when our welfare costs are out of control, this measure makes sense. So, for the first time a cap on benefits. No family on out of work benefits will get more than the average family gets by going out to work. No longer paying 1 billion pounds of child benefit to households with a higher rate taxpayer. A new welfare state where it always pays to work. Tough but fair. Because we are all in this together. There's one more truth we need to confront today. Britain has no divine right to be one of the richest countries in the world. As economic power is shifting to the east, there is nothing automatic about our prosperity. If our skill base continues to decline, there will be no growth. If our infrastructure remains poor, there will be no growth. If we don't support our businesses, there will be no growth. If we don't improve our education, for everyone, our...
Conservative Party conference: George Osborne speech; Osborne speech SOT - Nor will we tolerate tax evasion. It is unacceptable at the best times; it too is morally indefensible in times like these. And this party will not stand for it. So we will demand that the richest in our society bear their share of the burden. And just as we ask the richest to pay their fair share, we must make sure we spend fairly too. That means tough choices. We still pay over a billion pounds a year in child benefit to higher rate taxpayers. Believe me, I understand that most higher rate taxpayers are not the super-rich. But a system that taxes working people at high rates only to give it back in child benefit is very difficult to justify at a time like this. And it's very difficult to justify taxing people on low incomes to pay for the child benefit of those earning so much more than them. These days we've really got to focus the resources where they are most needed. We've got to be tough but fair. That's why we will withdraw child benefit from households with a higher rate taxpayer. When the debts left by Labour threaten our economy, when our welfare costs are out of control, this measure makes sense. So, for the first time a cap on benefits. No family on out of work benefits will get more than the average family gets by going out to work. No longer paying 1 billion pounds of child benefit to households with a higher rate taxpayer. A new welfare state where it always pays to work. Tough but fair. Because we are all in this together. There's one more truth we need to confront today. Britain has no divine right to be one of the richest countries in the world. As economic power is shifting to the east, there is nothing automatic about our prosperity. If our skill base continues to decline, there will be no growth. If our infrastructure remains poor, there will be no growth. If we don't support our businesses, there will be no growth. If we don't improve our education, for everyone, our...
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685389202
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ITN
Date created:
October 04, 2010
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r04101006_36667.mov