National News

Financial Times Reveals the Flaws in Conservative Tax Plans for Marriage

The Financial Times has revealed in detail the muddled thinking behind the Conservatives proposals for transferable tax allowances to support marriage. In agreement with local Lib Dems the FT concluded that "The beneficiaries of (the Conservatives') transferable tax allowances are single-earner couples who tend to be at the upper end of the income distribution. The policy is therefore a straight-forward redistribution from poor to rich.

11 Jan 2010
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