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Chancellor raises personal allowances in £2.7 billion tax U-turn - Times Online This debacle has forced a Labour government into tax cuts, which will force them to curtail public spending in the future. And blown open the myth that tax cuts cannot be afforded. we need more of the samefinancing this by borrowing? why not just instill the 10p tax band again...problem solved! Alex, London, Englandaged 60-64. They did not receive the increase in the over 65 tax allowance. Either way, this government is a headless chicken - unfunded tax cuts, bad planning, broken "golden rule" - knock someone over and claim credit http://www.timesonline.co.uk/tol/news/politics/article3925121.ece

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