Labour is asking the Tories "where is the money coming from?" : Apr 29, 2015


Intra-Day Market Moving News: 29Apr 2015   01:42GMT

Labour is asking the Tories "where is the money coming from?"

With a little over a week before voting, opinion polls show that Cameron's Conservatives are neck and neck with the opposition Labour Party with neither likely to win an outright majority.
In an email sent in response to Cameron's plans, Labour said that the Tories have made billions of pounds of promises without saying where the money is coming from.

PM David Cameron is doing all he can to woo voters, he will announce that the future Conservative Government will introduce a law within the first 100 days that will guarantee no increases to income tax, VAT or national insurance during the lifetime of the next parliament.

The Conservatives tax pledge will ensure that people working 30 hours on minimum wage will not pay income tax, the tax-free personal allowance will rise to 12,500 pounds by 2020 and the 40 pence tax threshold will increase to 50,000 pounds by 2020.

British consumer confidence fell this month for the first time since Dec, according to a survey that will disappoint PM David Cameron ahead of next week's national election.
Polling firm YouGov and economics consultancy CEBR said their measure of consumer confidence fell to 113.1 in Apr from 113.9 in March, more than a point lower than it was this time last year.

"With the election just over a week away, the dip in consumer slow down, it is clear confidence has come at exactly the wrong time for the gov't," said Stephen Harmston, head of YouGov Reports.

The survey followed official data on Tue that showed economic growth slowed sharply in the first 3 months of this year.

"As the GDP figures slow down, it is clear that consumers still feel as though the recovery is fragile and that many of them are not feeling it in their wallets," Harmston said.
The survey also showed that Britons felt their household finances had strengthened over the past 5 years, albeit fm a low starting point. 

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