10p Tax
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Asked if the Prime Minister regarded yesterday’s announcement on tax return as an equivalent to the American tax rebate to help the country through hard times, the PMS replied that the Chancellor had addressed this point in his statement yesterday when he said that as well as providing compensation to those affected by the removal of the 10p band, there would be a family tax cut to provide support this year for families on middle incomes at a time when they faced increased bills, so supporting the economy.
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