There was much celebration today when Gordon Brown announced a 2p cut in the basic rate of income tax. However this soon died out when media reports went into more detail. Yes, those on average incomes (and high ones – the threshold for 40% has gone up again) will be somewhat better off, but those on low incomes will see their income tax bill double ((The 10% ‘starter’ rate has been abolished, leaving those on low incomes now paying the 20% basic rate)).
So hang on, Gordon Brown has given tax cuts to those on medium and high incomes, and financed it by a massive tax hike for the poor? And this guy is supposed to be less right wing than Blair is? ((God help the Labour party if this is what passes for a leftist champion these days)) I really hate to use textspeak in blog posts, but Dubya Tee Eff?