(not satire – it’s George Osborne and Nick Clegg!)
It’s so easy to forget. It was so long ago.
But please remember that in his 2012 budget – at the height of the coalition government’s so-called austerity drive – George Osborne decided it was just the right time to give 300,000 of the UK’s richest households a cut in income tax.
However, being a fiscally responsible chancellor, Osborne balanced the money he was losing in tax collected from the wealthiest people in the country by cutting child benefits from the poorest. And by making 4.4 million taxpaying pensioners lose an average of £84 a year by freezing their personal allowances.
Oh, and also please make sure it doesn’t escape your mind that Nick Clegg and his Liberal Democrats supported Osborne and his budget all the way.
Please feel free to comment. And share. Thanks:
so strange that this went largely unremarked…certainly unchallenged…just where has Labour’s voice gone?? They appear to be determined to become Tory lite…a sad turning away from core values
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The fact was that Labour had implemented the Bank-busting programme that had been foreseen and warned against by most of the financial gurus. Part of the consequences can only have been intended that the middles classes and including retirees with private funds were going to be the sacrificial source of the re-capitalising of the Banks which negative real rates of interest has been doing . The transfer of Family Allowance to the mega-wealthy is merely part of the process of bleeding the funds for the PFI blow-out out of the funded class at the gradual erosion of inherited money, except at the sort of level the Westminster Elite have grown well used to.
John Bacon said:
Dear Tom This says s it all about the ethos of these evil right wing politicians lining the pockets of those who least need it at the expense those who need help the most. Please keep up the good work. Regards John Bacon
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Mike Sivier said:
Reblogged this on Vox Political and commented:
A timely reminder from Tom Pride, before everybody explodes with the pressure of their desire to scream about Ed Miliband’s latest stupid policy blunder, that the Conservatives and Liberal Democrats are SO much worse than Labour could possibly be.
Old Codger said:
Didn’t the tax take from the rich go up following that reduction in rate?
Reblogged this on sdbast.
Reblogged this on chunkyfunkymunky.
Dave Clempson said:
No, read the treasury forecast.
Reblogged this on amnesiaclinic and commented:
A very timely reminder…
Reblogged this on Jay's Journal and commented:
Such a timely reminder…
Reblogged this on Britain Isn't Eating.
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Smiling Carcass said:
Reblogged this on SMILING CARCASS'S TWO-PENNETH.