I thought as much... so if he really wanted to make the "net effect of the changes so that the tax liability of everyone that currently pays tax at 40 per cent will be unaffected by the increase in the personal allowance" he should have decreased the 40% threshold by £1,200.
I worked that out in minutes. I wonder how many 'analysts' worked on that for Darling, and for how long, and they still got it wrong?
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