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UK FISCAL: Increasing opposition to the government's winter fuel tax cuts

UK FISCAL
  • Ahead of the first Labour government Budget (due 30 October) there is continuing media speculation surrounding future measures and also continued scrutiny of the decision to means test the winter fuel payment for pensioners. The general secretary of the TUC (Trade Union Congress) over the weekend called for a “rethink” from the government.
  • If anything the criticism of the move from the government has been gathering pace rather than calming down and has become the most unpopular move amongst its own MPs – even more so than the decision to keep the two child benefit cap which saw seven Labour MPs have the whip suspended as they voted against the government. Some media reports suggest that up to 50 Labour MPs are considering voting against the government on the winter fuel payments.
  • Other fiscal measures that have been floated in the media over the weekend include a potential removal of the 25% discount for single occupancy for council tax – a move that would also hit many pensioners, particularly windows / widowers – something the media would be quick to pick up on if it is included in the Budget.
  • A 5p increase in fuel tax and a potential replacement for vehicle excise duty that would be based on mileage is also being discussed in the media – with the increasing number of electric vehicles and more fuel efficient motor vehicles reducing the base for traditional fuel taxes.
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