Labour's Shadow Welsh Secretary Owen Smith has criticised a call to reduce the 40% tax rate here in Wales made by the opposition leader Andrew RT Davies.
The contrast between Labour's proposal to cut taxes for 1.2 million Welsh workers by reintroducing a 10p band and the Tories' secret plan to prioritise 120,000 higher earners by cutting the 40p rate couldn't be clearer.Andrew RT Davies has yet to tell us how much this tax cut would cost and most importantly which services the Tories would cut to pay for it if they won power in Wales.
– Owen Smith MP, Shadow Welsh Secretary
George Osborne is to introduce yet more austerity measures as he sticks to his failed economic strategy, but has he costed this tax cut into his budget plans for 2016/17? And did David Jones know about it as he prepares his response to the Silk Commission?This is a half-baked plan that won't help the Tories' credibility following the humiliating loss of Britain's AAA credit rating this weekend.