The 10 tax fiasco
There may be those who are not themselves on low incomes and who imagine that last week's U-Turn has solved the problems created in Cumbria and elsewhere by the abolition of the 10p starting tax rate. Sadly, it has not. The concessions promised by Alistair Darling may have averted a government defeat yesterday, but they have barely begun to work out how the promise to compensate those who lose out can be kept of how the money required can be paid for. For a start, until the implementation of the promised concessions, full details of which will not be released until the "Pre Budget Report" in the autumn, the five million people who were adversely affected by this tax change will still be paying more. In a constituency like Copeland that probably means that nearly 10,000 people are currently losing out by anything up to £464 per family. Affluent and middle class people who lose some money but are promised it back in a few months can afford to borrow against that promise o...