60% of the new taxes being raised will be paid by the highest earners - 5% of the people

Originally published @ 11:07 pm, Wed 9th Dec 2009

Liam Byrne has just appeared on Newsnight and explains that 60% of the new taxes being raised will be paid by the highest earners - 5% of the people.

And if the Tories are to cut the debt faster, for instance halving the deficit in 3 years instead of 4 years, they'd need to cut spending by a further £26 billion next year.

This was confornted by Kirsty Wark waving a Sun front page claiming Labour was screwing more people than Tiger Woods. I have no idea how many people that is. One web-site talks about 13 mistresses, but I'm not sure who can know. But have the Sun thought it through? Has Kirsty Wark?

We need better journalism, of course. Michael Crick has just said voters will be confused about the difference between the parties - no wonder if they watch Newsnight. Hey ho.

To find out more about the statement, surf -

http://www.labour.org.uk/pbr-2009

http://www.labour.org.uk/pre-budget-report-2009

http://www.hm-treasury.gov.uk/prebud_pbr09_repindex.htm

including - http://www.hm-treasury.gov.uk/d/pbr09_completereport.pdf

TO BE UPDATED