Whilst opprobrium is being heaped upon Osborne in industrial quantities for his attack on pensioners' allowances, it should not be forgotten that his actions are in line with Liberal Democrat policies. Methinks a lot of the 'grey vote' will transfer to UKIP. For the Tories, this is their 10% tax abolition moment which did immense damage to the last Labour government.
See: http://blogs.telegraph.co.uk/news/jameskirkup/100146493/grannytax-campaign-goes-online-with-government-petitition/
Link to the petition: http://epetitions.direct.gov.uk/petitions/31778
Meanwhile the problems in the eurozone continue. Bond yields have risen in Italy, Spain and Greece. Greece, according to the IMF, has a 67billion euro financing gap!.
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