On a separate note, George Osbourne and the coalition have taken quite a kicking over the budget, particularly the so-called granny-tax:
The full extent of George Osborne’s stealth tax raid on pensioners was laid bare yesterday.So how convenient then that a perpetually announced policy that never materialises makes the headlines this morning.
Around 700,000 people turning 65 next year will be hit the hardest – losing £323 annually with the end of age-related income allowances.
In all, the ‘granny tax’ will take £3.5billion from the pockets of more than 4.4million pensioners. Senior Tories have denounced it privately as the Chancellor’s biggest blunder.