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[/audioplayer]The morning after the election, Ed Miliband said that his party had lost the election but won the argument. He was mocked for this observation but surveying Osborne’s summer budget, he may have a point. It was cleverly spun: the tax-cut for Middle England trumpeted this morning has turned out to be a run-of-the-mill 1.2pc revision to the 40p threshold, not even in line with earnings. Clever old George.
In fact, the first all-Conservative Budget for a generation has seen the Chancellor accept many of Labour’s arguments, moving to the left with a tax-and-spend budget and putting his tanks on the centre ground, facing leftwards. The following ideas ought to be cheered by any Labour supporter with a smidgeon of intellectual honesty:-
- Massive minimum wage hike: Miliband said £8/hr by 2020, Osborne now says £9/hr.
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