Saturday, 8 March 2014

Hold the nose and vote Libdem?

If there is one simple way the government can make work pay, it's increasing the amount someone can earn before the government starts taking it back off them in tax, which is why Calton is all in favour of the Libdem policy of raising the personal allowance. Leaving the lowest paid in society with more in their pockets means increased consumer spending, since low paid workers tend to spend all they earn on the necessities of life, which, in turn, benefits businesses. What's not to like? Calton could never understand why the Great Broon abolished the 10p tax rate, at a time when the personal allowance was less than £4k, thus increasing the tax take from the working poor - and he was supposed to be a Labour prime minister? Calton is hard pushed to think of a single other Libdem policy which he agrees with but it's almost worth voting for them to ensure they become part of another coalition government in order to force the other parties to increase the personal allowance to £12500. Almost.

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