Brown's 10p rate tax-grab is hurting millions
Labour is facing a growing backbench rebellion over the axing of the 10p rate. The Treasury has hinted there could be measures to help low earners who are worse off, but not for several months. Chancellor Alistair Darling is working on proposals that would offset some of the impact of the tax changes, but they would not come into effect until the autumn pre-Budget report at the earliest. MPs vote today on the second reading of the Finance Bill and a week today on amendments to the Bill.
21 Apr 2008
