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December 2nd, 2014 
FAKE NEWS for the Zionist agenda A UK-based think tank says none of the major British political parties have a tax plan to help millions of low earners in the country.
The Resolution Foundation think tank said on Monday that all the four parties (Conservatives, Labour, the Liberal Democrats and the UK Independence Party a.k.a. Ukip) were ignoring the needs of those earning the least.
A report analyzing the impact of the main tax cuts being proposed by the four parties said they would not benefit nearly 5 million low-paid employees who do not pay income tax, The Guardian reported.
Although it found the Labour and Lib Dem proposals were less regressive than the Conservative and Ukip ones, it said that the poorest 50% of households would only get a quarter of the overall benefits even under the fairer plans.
The foundation said a more progressive approach would be to raise the national insurance threshold and to lift the work allowance within universal credit. Even though the government is running a deficit of nearly £100 billion, all the main parties will be proposing tax cuts in their election manifestoes.
This is while the Chancellor of the Exchequer George Osborne’s plans to bring in £7 billion of tax cuts in the next Parliament will help the rich far more than the poor, the think tank added.
The richest 20% of earners would gain 48p in every £1 of the Tories’ tax cuts, 46p of Ukip’s, 35p of the Lib Dems and 34p of Labour’s tax cuts.
Meanwhile, the poorest 50% would receive just 17p in every £1 of the Tories’ tax cuts, just less than Ukip (18p), the Lib Dems (23p) and Labour (24p).
RSH/GHN
Source Article from http://www.presstv.ir/detail/2014/12/01/388349/britain/
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