Summary
The grand announcement at the end of his 2007 Budget speech - that from April 20 08 he would be cutting 2p in the pound off the basic rate of income tax - was intended to secure his lasting reputation as a prudent genius. [...] it is deeply disheartening that, in one of the world's richest countries, a Labour government dare not ask top earners to contribute more towards protecting the poor and instead robs those who live on what the Joseph Rowntree Foundation calls the "breadline economy".
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Extract
Fleecing the Poor Is Not the Best Way to Fight Poverty
The severe dip in the Prime Minister's poll rating is, paradoxically, a direct consequence of the triumphalist flourish with which, as chancellor, he signed off his final Budget a year ago. The grand announcement...
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