"Only one party leader seems to have grasped that, if you construct a system where unskilled people are worse off by taking a job than by staying on welfare, they remain trapped in poverty – and that is Nick Clegg....
"The two main parties are unwilling to bite on the bullet and commit themselves to raising the income tax threshold from £6,475 to something like £10,000 or £12,000.
"It is madness to claim that people so poor that they need welfare payments are at the same time sufficiently well-off to pay income tax."
So says Lord Tebbit on his Telegraph Blog this morning.
You know what he is darn right. The national minimum wage for a 37 hour week comes to £11159.20. How can that be the minimum when 42% of it is taxable.
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