TAX

And so the election has started, postal votes have been distributed and people are voting. As always these elections are important!!!It will be interesting to see how people vote, local and national issues seem to favour the Conservatives at present, but politics can be strange. Gordon Brown and Alastair Darling seem to be attacking the most vulnerable still in society.

The cut in the 10p rate of tax is crass stupidity and wrong. To increase the tax burden on the poorest in society is wrong, but to imply that this will be corrected by some mechanism in the future shows how the labour party is out of touch.Removal of the bottom element out of taxation in the first place would be a good start. Labour really doesn’t get it, tax can not be punitive and that is what they have created, a tax regime that is punitive.

It will be interesting to see how this plays out over the next few weeks.

What is very interesting is watching the Labour party tear itself apart in Westminster over this issue. Last year just like every budget you see the MPs cheering the budget. You now have the very same MPs seeing impending electoral misery and are scurrying round to try and change the policy. The lack of any comment about the abolition of the 10p tax rate until it was actually on the doorsteps, is exactly the sort of hypocrisy and opportunism that turns people off politics.