The Liberal leader has announced a plan to raise personal allowances to £10,000. Welcome to the real world!! He is only catching up with something I have been proposing for a couple of years now.
The idea that someone on the minimum wage and working 40 hours a week should pay £2,000 in tax yet received tax credits to offset this is Bizarre in the extreme, but that is how Gordon Brown's mind works.
Simplification of the system by removing the need for tax credits can save a fortune in government costs, so removing the poorest from the tax system altogether will actually reduce government spending.
Of course there are two problems with the Liberal ideas. Firstly the party is divided. There is a significant number of them, Edinburgh West Liberal MP included, who have formed a left wing group within the Liberal party to oppose the "right wing faction" consisting of Nick Clegg and Vince Cable. Secondly there is no prospect of the Liberals forming a government, therefore his ideas are pointless unless implemented by a Conservative Government.
Since this is an idea that I was proposing long before the Liberals jumped on the bandwagon, better to elect the real thing who can have a positive influence to make it happen.
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