Responding to Ed Miliband’s comments on the World At One that the impact on low income households from the abolition of the 10p rate of income tax was a matter of regret, Shadow Chief Secretary to the Treasury Philip Hammond said:

“This is another example of the insufferable arrogance of this Government. The fact that their own policy will make 5.3 million of the poorest families worse off is merely a matter of regret. The millions hit by this tax grab don’t need Ed Miliband’s crocodile tears.”