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LONDON (Reuters) - Chancellor George Osborne said he would use his 2012 budget to help those at the bottom of the earnings ladder, hinting he could go further in lifting more people out of paying income tax.
Osborne also said on Sunday the euro zone crisis and high oil prices posed a threat to the global economy.
"My priority is to help low and middle earners. That is where the bulk of the effort in the budget is going to be," he said on BBC television. "We want to see real and substantial progress on lifting low income people out of tax."
TAX CRACKDOWN
Osborne, singling out a tax paid on house purchases, said he would launch a crackdown on tax avoidance - an area often cited by governments for savings but treated with scepticism by economists.
"People have had their warning - they have got to pay stamp duty on the homes they live in," he said. "And we are going to deal with that in a very aggressive way."
LONDON (Reuters) - Chancellor George Osborne said he would use his 2012 budget to help those at the bottom of the earnings ladder, hinting he could go further in lifting more people out of paying income tax.
Osborne also said on Sunday the euro zone crisis and high oil prices posed a threat to the global economy.
"My priority is to help low and middle earners. That is where the bulk of the effort in the budget is going to be," he said on BBC television. "We want to see real and substantial progress on lifting low income people out of tax."
TAX CRACKDOWN
Osborne, singling out a tax paid on house purchases, said he would launch a crackdown on tax avoidance - an area often cited by governments for savings but treated with scepticism by economists.
"People have had their warning - they have got to pay stamp duty on the homes they live in," he said. "And we are going to deal with that in a very aggressive way."
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