Withholding judgement

[andrewducker]

I'm waiting to see what the Lib Dems and Conservatives have agreed.

If they have managed to get the bottom end of Income Tax raised to £10,000 through, prevented the rise in Inheritance Tax exemptions, and stopped the ridiculous marriage giveaway then that's a good start. If they can get a referendum on voting reform in, then I'll actually be happy.

The Lib Dems were never going to get a majority. And that means working with one of the other parties in order to get some of what they wanted. Labour were refusing to negotiate (last rumour I heard was that ID cards were a major sticking point), so if they can get what they want out of the Tories then I'm right behind them.

The Tories cannot pass _anything_ without Lib-Dem backing. I'm hoping that this takes the worst edges off of them. If it doesn't - if they just back the Tories irrespectively and don't get electoral reform, then they deserve to go down in flames.

Now to wait for the details...

(Some stuff here, and Robert Peston's take here)

Comments

[anef.livejournal.com]

I don't think it's true that only disorganised people pay inheritance tax. However it is true that rich people have wealth that is much easier to pass on to to future generations. If your assets comprise a house that you need to live in, and some savings that you need to live off, your chances of being able to pass those on tax free are very low.