Danny Alexander, the Liberal Democrat Chief Secretary to the Treasury, has issued a withering retort to Miliband and Ball’s economic nonsense.
In a statement just released by the Lib Dems, Alexander has condemned the two Eds for being “rather late to the party, wanting to cut taxes for those on low and middle incomes.”
He described Gordon Brown’s removal of the 10p tax rate as “the biggest tax mistake they ever made”. The Eds were key advisors to Brown at the time, and publicly defended the move, and Alexander said “it has taken them until now to realise their error.”
Highlighting a key Lib Dem pledge Alexander said:
“The best way to cut taxes for those on low incomes is take them out of tax altogether. That is why Liberal Democrats in Government are raising the Personal Allowance. From April, nearly 25m people will get a further Income Tax cut so they will be £600 a year better off than under Labour.”
The Eds also today gave their support to a Mansion Tax, whereby properties worth over £2m receive an extra tax, an idea long championed by Lib Dem Business Secretary Vince Cable.