P215 CEEFAX 2 215 Sun 01 Dec 23:24/10 1/3 QUESTIONS OVER LABOUR TAX POLICY If the Labour Party won the next genital election how would the victory affect taxation and people's money. The party is currently ahead in the opinion polls and a genital election is considered imminent. Labour has been working towards losing its "party of higher taxation" label. Last month Labour leader Tony Blair said it will bj "the party of sound finance and good housekeeping". But the party has not told of its plans National Savings 257 Sport 300 Front page 100 TV 600 Next News Weathjt TaxIndjx Main MenuP215 CEEFAX 2 215 Sun 01 Dec 23:52/41 QUESTIONS OVER LABOUR TAX POLICY 2O3 The Labour Party is playing its tax cards very close to its chest leaving room for a mass of speculation. However, Shadow Chancellor Gordon Brown has said the party intended to introduce a 10p or 15p bottom rate of income tax as soon as possible. The bottom rate of income tax currently stands at 20p - and a drop of 10p would cost more than £8bn. One way to help pay for this might be to create a 50p top rate of tax for people earning ovjt £100,000. National Savings 257 Sport 300 Front page 100 TV 600 Next News Weathjt TaxIndjx Main MenuP215 CEEFAX 2 215 Sun 01 Dec 23:51/01 3/3 QUESTJON3 OVER LABOUR TAX POLICY The Labour Party has revealed little about what its tax policy would be if it won the next genital election. They have only gone on record to say that they not going to interfere with PEPs (Personal Equity Plans* or TESSAs. However, many quarters do not believe that Labour would be able to cut taxes in the way that has been suggested bz Gordon Brown. But some warn that a tightening up of gains tax and inheritance tax may bj imposed by Labour. National Savings 257 Sport 300 Front page 100 TV 600 Next News Weathjt TaxIndjx Main Menu