ONE MILLION STILL LOSING OUT DESPITE CHANCELLOR'S BY-ELECTION BUDGET

2.27.42pm BST (GMT +0100) Thu 15th May 2008

Lib Dem Shadow Chancellor, Vince Cable

Scarborough and Whitby Liberal Democrat PPC, Tania Exley-Moore welcomed Vince Cable's robust reply to the news that the Chancellor has finally seen the light and recognised the harm he has done to the lowest paid.

Commenting on the Chancellor's plans to compensate low paid workers, who lost out when the 10p income tax rate was abolished, Liberal Democrat Shadow Chancellor, Vince Cable said:

"This Government's tax policy has descended into a complete farce.

The abolition of the 10p rate was designed to help Labour win the election that never was. Now this by-election budget is designed to help them cling on to Crewe in next week's vote.

The Chancellor is desperately trying to backtrack from the disastrous decisions of the Prime Minister but still has not managed to get it right.

Tania Exley-Moore stated that even with this u-turn it still leaves1.1 million of the lowest paid workers losing up to £100 each. "Making policy on the hoof is a desperate measure" she said "to undo the harm caused by this thoughtless budget"