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  Sid - I did not call Keith an idiot do not misinterpret what I said, read it. You are also telling a porky about what I said to you.
  
  Dave: He proposed abolishing income tax on savings for everyone on the basic rate of tax and raising the tax allowance for pensioners by £2,000. The latter alone potentially saves pensioners £400 per annum.
  
  I have pulled together a list of the measures proposed by Osborne/Cameron which come under three heading, help to individuals at a difficult time, help to businesses and more general help to the economy. These are:
  
  Abolishing income tax on savings for everyone on the basic rate of tax
  
  Raising the tax allowance for pensioners by £2,000
  
  Freeze council tax for two years
  
  Abolish Stamp Duty for 90% of first-time buyers
  
  Provide tax cuts for new jobs with a £2.6bn package of tax breaks to get people into work, funded by money that would otherwise go on unemployment benefit
  
  Cut the main rate of corporation tax to 25p and the small companies' rate to 20p, paid for by scrapping complex reliefs and allowances
  
  Introduce a £50bn National Loan Guarantee Scheme to underwrite bank lending to businesses and get credit flowing again
  
  Give small and medium-sized businesses a six-month VAT holiday, funded by a 7.5% interest rate on delayed payments
  
  Cut National Insurance by 1% for six months for firms with fewer than five employees, paid for from the above changes to the company tax regime
  
  There are more measures to aimed a reduction in spending. It is this latter point where I differ from Osborne as I think he needs be be a lot bolder about cutting public expenditure. The public sector must be expected to take a share of the burden of this recession.
  
  With my one critisism apart this lot amounts to a pretty good package unlike the ineffective flaying around done by the Government.

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