Budget ‘U’ Turn
Changes to income taxation rates commenced in April this year meant several million of the lowest paid faced an increase in taxation. Following mounting criticism, changes have been announced that will reimburse almost all those who have lost out. The cost to the Exchequer will be £2.7bn and will be financed by borrowing!
The cost to the UK of fighting in Iraq and Afghanistan for this year alone is estimated to be £3.297bn. Source
I don’t need to point out the link between these costs do I?