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TAX Credit system is a failure and costs the UK tax payer £1.5 billion

The tax credit system costs the UK tax payer 1.5 billion a year just to administer, the figure of 1.5billion comes from a mixture of overpayments paid by HMRC to families on tax credit and as a result of fraudulent claims 

 
Cameron calls on OFT PDF Print E-mail
Written by Administrator   
Monday, 08 January 2007

Are UK household being over-charged for energy?

David Cameron Conservative leader is concerned UK families and households are being charged too much for utilities. In a bold move the conservative opposition is taking on a role more akin to that of a party in government by asking the Office of Fair Trading to investigate the rise in charges for gas, electricty and heating fuels. 

The Conservative party leader is concerned that UK households are getting a poor deal and that the Labour government and the chancellor Gordon Brown are failing to address these concerns. It is becoming increasingly obvious more and more families are finding it harder to make ends meet.
 
Figures suggest that the average gas bills have increased by 71% since 1997, electricty has seen similar price increases over this period and council tax has also risen by around 70%. With other rises in taxation and mortgage repayments the total increased cost of living since 1997 also looks to have surpassed the 70% figure....Whilst at the other end of the spectrum wages have no way near kept pace 
Last Updated ( Tuesday, 09 January 2007 )
 
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