Saturday, 2 February 2013

Lord, give me austerity but not yet.

"Much more of the fiscal tightening has been undertaken by tapping up taxpayers for more. The Treasury are engaged in a concerted large-scale campaign of adjustments to tax rates, thresholds and reliefs right across the tax system aimed at quietly emptying taxpayers’ pockets. Figures we released on Tuesday revealed that the total number of these rises already implemented is 254 with another 45 already planned for before the election, an astonishing 299 in total. In contrast, the number of tax cuts is just 119, leaving a difference of 180."

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