Monday, April 21, 2008

10p Tax Meltdown

Like many others, I await my pay slip for this month with some trepidation, having heard scary things from friends and family who have already had their's. I come into the bracket who will be worst off as a result of Gordon Brown's abolition of the 10p tax rate.

This is no laughing matter for people who are already struggling with rising food and fuel costs.

It seems incredible that Labour simply have completely underestimated the effect of their actions. Even now they don't seem to have a clue how to handle it. Yvette Cooper's talk of a "process" today will not help those people who are struggling to make ends meet now.


Curly said...

The abolition of the 10p tax rate will succeed in locking even more people into the client state as tax credits become even more attractive. I find it astonishing that Labour MPs on Tyneside think that the answer to low pay is to shift more civil servants away from London, rather than reinstating the 10p rate.

Mike Smith said...

Well it seems dithering Gordon Brown has backtracked somewhat...


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