Well this is how you make the poorest people of our nation poorer.
"Osborne also signalled that there were no plans to reverse the rise (in VAT)- with income tax likely to be targeted for any possible reductions in future".
So pensioners, people with lifetimes illnesses and persons out of work through no fault of the own will not benefit in any income tax changes i.e. increasing thresholds that people start paying tax at. These people do not as a rule pay income tax, the one that will change will be their (Tories) best buddies 50% tax.
The Higher limit before you start paying income tax on £10,000 will take the full length of this parliament to achieve even though the Lib Dems said that was one of their main points that must be met in forming a Coalition Government
Rich get Richer
Poor get poorer.