Cameron the low tax Tory; don't make me laugh

Updated
David Cameron
David Cameron

Prime minister David Cameron's pledge that he is a 'low-tax Conservative' is no surprise to the rich who have benefited from his policies, but may come as a shock to the poorest in society who have seen benefits slashed to pay for his tax reforms.

Who can forget the 2012 Budget when the Tories cut the highest income tax rate for those earning £150,000 or more a year from 50% to 45% - making the richest in society the biggest winners from that year's Budget. That cut cost the Treasury £3 billion in the first year it was implemented, rising to £4 billion by 2016/17.

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