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Then Granny Tax in the budget gets another stealth tax.Treasury Committee recommend that the Bank of England
provide a `benefit and loss`effect of `quantitative easing`and that the government compensate pensioners for their loss.
Treasury Committee also critised Osborne on the 50p Top Tax rate for using Treasury figures to calculate the loss of
revenue instead of the Inland Revenue and also Osborne`s claim that the his costings had been endorsed by the Office of
Budget Responsiblity when the OBR in their evidence proved that not to be the fact ( truth !!! )
The OBR also listed the costing policy used to be one of six areas of particular uncertainty.
Naughty Olly....we are watching your every move.....
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