19 March 2012

Looks like the 50p tax rate is a goner...

...so says Lib Dem Voice's ever well informed Mark Pack.

What is not clear is what the Lib Dems will get in return. Speeding up the increase in personal allowances would be a very poor trade off, as it was due to happen anyway.

I hope to be convinced the party has got something in return that is both sound economically and politically saleable. If not then I fear it will be the last straw for many in the party sceptical of the leadership and the coalition.

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