The 10p tax rate: MPs request Poverty commission

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The House of Common's Treasury committee has published its report into the impact of the abolition of the 10 pence rate of income tax. It recommends compensation for the 1.1 million households who are still losing out from the removal of the 10% starting rate of income tax, together with the setting up of a Poverty commission to examine public policy challenges relating to poverty.

The committee also considered the effects of initial implementation and the changes to personal allowances announced on 13 May 2008 and has considered future policy options relating to the personal tax system and benefits system.

Concern was expressed that the consultative purpose of the pre-budget report has been lost in recent years, and the worry is that PBR 2008 will become short term political "fix". The comm...

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