PM tries to calm troubled tax waters

The MP was yesterday trying to avert mutiny among his Labour backbenchers over the removal of the 10p starting tax

Written by AccountancyAge.com

Prime minister Gordon Brown hoped to avert a mutiny among his Labour backbenchers yesterday by promising to consult on new measures to fight poverty as he faced mounting criticism over the 10p income tax band.

Labour party managers believe Brown’s appeal for unity at Monday’s party meeting has quelled the rebellion, but Frank Field, the Labour MP spearheading opposition, claimed more than 30 Labour MPs could back his calls for compensation for those affected, which would be enough to defeat the finance bill in the House of Commons, the Financial Times reports.

Brown has ordered a modest concession to the rebels and has addressed MPs for the second time in a month.

Party whips have been busy putting pressure on the rebels, warning a defeat for the government on a key part of its finance bill next Monday would mean a devastating blow for Brown’s administration.

Further reading:

Read story in the Financial Review

Enjoyed this article? Help spread the word:

Comments

Reader comments for this story

White papers

Related jobs

Spotlight

Profile: Ian Powell, chairman of PwC

Being number one isn't enough for PwC chairman Ian Powell....

Credit crunch special: guiding business through the storm

The downturn is hurting and recession looms. Will accountants be...

Beat the credit crunch with Young Professional

Latest issue features a guide to advancement during economic uncertainty,...

Find your next job

Find your next job
Salary Checker

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Search white papers

Search white papers

Have your say

Would rumoured Treasury moves to abolish stamp duty do anything to help the housing market?
Yes, scrapping stamp duty has been a long time coming
No, any move is far too little, too late

Job of the week

More finance jobs...

Your next job