Saturday, April 18, 2009

Wednesday's budget: the dividing lines are becoming clearer

Alistair Darling is - according to today's Guardian - set to take on tax cheats who deprive the exchequer of sums greater than £25,000. Individuals and companies will be named and shamed in a crackdown on evasion to be unveiled in the budget on Wednesday.

The latest figures available indicate that just over £800m of public money is lost as a result of benefit fraud each year. The TUC has recently estimated that tax avoiders cost the exchequer nearly £13bn in 2008-2009. Wednesday's budget offers Labour an opportunity to reclaim the agenda post 'smeargate' and to put some clear red water between ourselves and the City-friendly Tories.

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