Newsnight reports that Lib Dem MPs are to back Conservative budget plans to abolish the 50p tax rate for those earning over £150,000 per annum. Newsnight claimed that Lib Dem MPs couldn't stop it happening and would be rewarded by further moves to raising the tax threshold towards £10k.
If true, one can only despair at the concept of confirming people's worst fears about this government at the price of doing something that was going to happen anyway.
But then over the last two years Clegg and the Lib Dem leadership have never failed to snatch defeat from the jaws of victory on almost every single issue of public concern.
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