Quote:
A Labour government would seek to re-introduce the 10p starting rate of tax scrapped by Gordon Brown in 2008, Ed Miliband has announced in a speech.
Mr Miliband said it was a "very bad mistake" to get rid of it and the move would send a "clear signal" his party was on the "side of working people".
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Not bad ,no problem so far except i think that raising the tax threshold is more beneficial to more people but that's a matter of opinion
Then he goes and spoils it with this little jem
Quote:
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"We would use the money raised by a mansion tax to reintroduce a lower 10 pence starting rate of tax, with the size of the band depending on the amount raised. This would benefit 25 million basic rate taxpayers."
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How on earth a mansion tax is supposed to raise about 2 billion £'s to fund the tax cut is beyond my limited economical skills any help anyone ?
http://www.bbc.co.uk/news/uk-politics-21453444