Posted on 09/19/2009 3:58:28 PM PDT by bruinbirdman
Major political row has broken out after the Tories seized on Treasury documents to claim that Labour was planning a “bombshell” rise in income tax of 3p in the pound if it won the next general election.
The Treasury figures — marked “confidential” — disclosed a big rise in projected income tax receipts between now and 2011-12, as well as in subsequent years. They led the Tories to accuse ministers of “factoring in” an immediate rise in income tax if Labour was returned to power.
Further rises could lead to the amount taken through the tax increasing by almost a third by 2013-14, the Tories said. They claimed the rise in receipts could not be accounted for by people returning to work and the introduction of the new 50p top-rate tax on earnings of more than £150,000 a year.
George Osborne, the shadow chancellor, said: “Labour’s secret spending plans, which Gordon Brown never wanted to make public, appear to reveal an income tax bombshell”.
The figures suggested that the average family’s tax bill would rise by £2,770 by 2013, he added. However, Liam Byrne, the Treasury Chief Secretary, accused Mr Osborne of making “false” claims and trying to “mislead the British people”. The increase in income tax receipts was accounted for, he said, by “the economy returning to growth, no more, no less”.
The disclosures followed a leak to the Tories last week that showed that the Treasury was planning to cut the budgets of Whitehall departments by 9.28 per cent over four years starting in April 2010 — a reduction of £36 billion a year.
The main parties have become embroiled in a pre-election spending battle, with Mr Brown finally admitting last week, in a speech to the TUC conference in Liverpool, that Labour would have to make cuts if
(Excerpt) Read more at telegraph.co.uk ...
The stuff revolutions are made of...
BHO - take note, we have guns, the brits don’t.
Of course, they have to give welfare to more hateful Muslims.
When is their next election, actually? Have they decided on the exact date?
It looks for the Tories (kind of like RINO’s) in the next election
Of course, they have to give welfare to more hateful Muslims.Hey, don't go defaming the Muslims. Making bombs and raping women and boys is hard work. You don't expect them to work for free, do you?
It is up to Gordon Brown as Prime Minister to decide when to call an election. He can do so at any time of his choosing, but an election must be held by July 2010, as that is when the five-year limit expires.
Most political commentators expect the election to be held either in April, in order to avoid bad news related to tax issues at the end of that month, or May, to coincide with local elections in England on 6 May 2006.
Please forgive me, I am behind in politically correct 101. :)
Ah, that should read 6 May 2010 of course.
Vote UKIP at least they are real conservatives (or libertarians) w/principles. (BTW I am American, but I wouldn’t trust Cameron- why don’t yall jetison him and Take Daniel Hannan as party leader)..?
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