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

[ayia.livejournal.com]

There are loopholes regarding income tax but Im not convinced there are ways around the paying inheritance tax. I may be wrong tho regarding the truly rich - I haven't investigated it. From a personal example my mother and her 2 brothers had to pay inheritance tax on the sale of their parents Edinburgh home; giving them no option but to sell it. Might I add they had to pay the tax BEFORE they had even sold the place or got any money from the estate...