David Cameron's plan to help married couples with a £1,000 transferable tax break from April 2015 will not benefit two-thirds of married couples, according to Labour MP Rachel Reeves.
The Shadow Chief Secretary to the Treasury, reacting to the announcement, said:
David Cameron's so-called marriage tax break won't even help two-thirds of married couples, let alone millions of people who are separated, widowed or divorced. He's so out of touch he thinks people will get married for £3.85 a week. And even for the minority who might benefit, it will be far outweighed by what David Cameron's government has already taken away in higher VAT and cuts to child benefit and tax credits. In most cases, the extra payment will be paid to men, even though it is women who have disproportionately lost out so far.
Tax breaks for married couples worth up to £200 a year will be introduced from 2015, David Cameron has announced.
If David Cameron’s so-called marriage tax break is his answer, then the Prime Minister has the wrong question.
The Prime Minister has finally committed to a tax break for married couples in a quite personal newspaper article.