Hate to say I told you so...
Published on
The British Government are under pressure over the 10p tax rate and are currently backtracking as it makes the poorest in society poorer...
If only they had heeded my warnings.
Doing some site maintenance I read back over some articles that I wrote last summer. Funnily enough this extract from my 'Open Letter to Gordon Brown' caught my eye...
''Elsewhere the abolition of the 10p tax allowance (despite the 2p cut in the higher band) announced in your most recent budget means that those on the lowest income are now worse off, and this coupled with tax breaks for Private Equity firms belies a sickening inequality. Yes we should promote economic growth, but this should not be to the detriment of the very poorest in society. Oxfam statistics suggest that nearly 13 million people live in poverty in Britain (including, disgracefully, some 4m children). Despite your need to appeal to the Middle Class vote, it is still right that a Labour PM should not forget those at the foot of the economical ladder. '' Chris Yeomans June 21st 2007.
If only they listened.