Tax cuts abound

[VectraMan]

Dave's just announced raising the allowance to £12,500 and the upper rate threshold to £50,000.

[ZARDOZ]

Yeah makes sense as borrowing increases and we owe 1.3 trillion pounds.

[Unix]

Dave's just announced raising the allowance to £12,500 and the upper rate threshold to £50,000.

They will take the lead in the polls now, with that and the good economic plans and Miliband in opposition the GE is wrapped up.

[vetran]

more cash in the economy.

now if he has any sense He will slowly ease out Working tax credits at the same time.

Borrowing isn't going to go down until we stop spending.

[tractor]

more cash in the economy.

now if he has any sense He will slowly ease out Working tax credits at the same time.

Borrowing isn't going to go down until we stop spending dropping £1m bombs.

FTFY

[VectraMan]

Yeah makes sense as borrowing increases and we owe 1.3 trillion pounds.

Well hopefully making low paid work more attractive saves enough of the benefit bill to make it all add up, as well as being more socially responsible. Lib Dems and UKIP said the same.

Pretty good speech actually. I don't agree with everything he says, but to me Cameron is the only one of the party leaders who's actually up to the job.

[ZARDOZ]

Borrowing isn't going to go down until we stop spending.

It went up this year, 9 billion on first 4 months. Osbourne borrowed 430 billion 10-13 whereas Labour took 13 years to borrow the same amount.

[Zero Liability]

Considering UKIP are considering similar measures, I'd be surprised if the Tories didn't come out with something like this. Plus, they need an edge on Labour.

Regarding the borrowing, how much of it was on due to liabilities created by previous governments?

[tractor]

...

Considering UKIP are considering similar measures, I'd be surprised if the Tories didn't come out with something like this. Plus, they need an edge on Labour.

Regarding the borrowing, how much of it was on due to liabilities created by previous governments?

Quite a lot I would imagine but this lot haven't stopped the spending as they said they would, it is still increasing. And as much as the Tories whined and cried about it, they still haven't put the cost of Gordon's 100+ free hospitals on the balance sheet!

[malvolio]

It went up this year, 9 billion on first 4 months. Osbourne borrowed 430 billion 10-13 whereas Labour took 13 years to borrow the same amount.

Not entirely true. A lot of Osborne's borrowing is to service committed debts incurred by Brown and Balls.