Does this look like a U-turn to you?

I find the bit about funding it through borrowing a bit strange.

Why does he need to borrow the money?
All he's doing is refunding money which he shouldn't have taken anyway.

And if 80% of people are fully compensated, and the remaining 20% are only half compensated, doesn't that mean the he's still 10% up on the deal?

It looks more like a cynical and desperate attempt to win back a few votes prior to a highly public by-election, than a mere U-turn.


And by now people will presumably have started receiving notifications of the removal of their 10% status; now HMRC is going to have to issue new tax codes to everybody in the country.

The hidden cost of administering this is going to be huge!

ot sure it is a u turn or just a stupid move
we have most of the government and bank of england saying borrow less and they are making it harder to borrow money in most forms
then the country is borrowing money

double standards or what

Not by Darling, because it wasn't he who removed the 10% tax band, but it certainly is a knee-jerk reaction in New Labour policy.

More a climb-down. A u-turn is when they say 'we're not going to do something' one day and then 'we're going to do it after all' the next. Ever since it dawned on them what they'd done with this tax thing they've been scrabbling around for a way out of it, so it isn;t exactly a u-turn. It's pretty funny, though.

It doesnt look like a solution of any sort to me, a quick fix which they hope the public and mps will accept, I have to say I find the idea of "borrowing" one of some concern.
We are being told the budget is in defecit, the reason for all the tax hikes, so if this money is borrowed instead of taking well thought out measures to tackle the problem (such as a little backbone when dealing with tax loopholes) the public will face a much bigger problem in the longer term. (I would suspect just after the likely change of party at the next election)

Every spin begins with something like a U-turn....