Firstly, not all households will be properly compensated, and certainly not all workers! 1.1 million households will still lose out (as I feared in my earlier blog entry), but these "will see their loss at least halved".
Secondly, again as I feared, this so-called 'compensation measure' is to be introduced in September. And tough luck to any low-earner (and his/her family) who hoped to have a summer holiday in August this year :-(
Last but not least, it is benefiting people earning up to £40k per year, well above the £18k level at which workers lost out when the 10p tax rate was removed. This isn't even compensation, it's yet another example of this bunch of closet Tories trying to get Middle England votes :-(
I demand, as do the Socialist Workers Party, that the 10p tax rate is reinstated immediately. Then again, I do feel it's only fair to repay the favour to New Labour for their pathetic effort ...
I hope only some of their MPs lose their seats at the next election :-P