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April 23, 2008

by Jim Pickard

NEWS FLASH: Government U-turn on 10p tax rate

The U-turn is already happening. Apparently Gordon Brown will - in Prime Ministers’ Questions at noon - announce compensation (backdated!) to those affected by the removal of the 10p tax rate.

Good news for poor workers.

Bad news for the government’s reputation: it’s the Treasury’s third U-turn in as many months.  

Expect David Cameron to have a field day in a few minutes’ time in the Commons.

April 23rd, 2008 in Current Affairs, Gordon Brown, Labour, UK economy, Uncategorised, budget | Permalink

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