Taxing times for Labour

The fuse was lit a year ago, but anger has finally exploded in Labour ranks over the doubling of the minimum tax rate to 20p. Although adjustments to the complicated tax credit regime will ease the pain for taxpayers with families, instinctively loyal backbenchers are appalled by the symbolism of a Labour government increasing the tax bills for many of the worst-off.....For the first time in more than a decade, many Labour MPs fear losing the next general election. Expect the convulsions in PLP ranks to intensify if Labour takes a hammering in next month’s town hall contests.

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Tarn Lass