Are the Tory tax plans a good idea?
Shadow chancellor George Osborne said the plan would benefit anyone earning up to £45,400, although the new rate would apply to higher earners. The planned rise in NI contributions for employers would also be scrapped under the Tory plans.
He said he had identified £6bn of savings that could be made by government departments in 2010.
The Chief Secretary to the Treasury, Liam Byrne, said: "They [the Conservatives] have entirely lost sight of cutting the deficit."
Will these plans jeopardise cutting the deficit? Do you think you will be better off if these plans are introduced? How do you think these plans will be funded? Will the planned NI increases affect your business?
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