George Osborne today vows to help hard-pressed middle-class families with a series of eye-catching tax breaks.
The Chancellor has emphatically ruled out any plans to impose ‘wealth taxes’ on high-earners, and pledged to freeze council tax and cap commuter fares in a package worth £500 million.
The move to rule out a wealth tax will delight the Tory Party faithful – but will infuriate their Liberal Democrat Coalition partners, who have warned that they will not sanction further austerity measures without fresh levies on the rich.
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