Cameron backs tax breaks for savers

THE Conservatives are to throw their support behind tax breaks to help savers hit by sharp falls in interest rates and share values.Leader David Cameron said the proposal by former Tory Prime Minister Sir John Major of making the first £5,000 of income from savings tax-free was attractive.

Graham Dines

THE Conservatives are to throw their support behind tax breaks to help savers hit by sharp falls in interest rates and share values.

Leader David Cameron said the proposal by former Tory Prime Minister Sir John Major of making the first £5,000 of income from savings tax-free was attractive. Sir John said the Government was treating savers “appallingly”' by not protecting them from rate cuts.

Mr Cameron told his televised regular press conference this morning: “These people have done the right thing and at the moment they are being punished. If there is money to spend I think they are a very early candidate.


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“"But I will stick to what I have said about only making funded tax commitments, when I can say exactly where the money is coming from.”

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