Leveller

BBC Link about bloody time.

Being a higher rate tax payer this doesn’t affect me, but its been appalling hearing about the sum of monies that very low paid people would have lost through the abolition of the 10p rate. The sums that would have been lost weren’t much in absolute amounts £50-£100 but a huge figure to those on minimum wage.

Appalling though that was, the most disgraceful part was listening to various Labour Party apologists claiming the numbers of loser were far smaller than those that thought they were affected. That may have been true, but to say that people should shut and forget about those at the bottom of the pile, the burger flippers, shop and office assistants just out of school, is outrageous.

Its taken the bastards over a year to fix this, at least 12 times longer than it took them to decide to give 100s of billions in handouts and guarantees to city scoundrels.

Now if only I could recall the names of those MPs that defended the original proposals.

This entry was posted on Tuesday, May 13th, 2008 at 10:37 pm and is filed under economics, financial markets.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.