LABOUR said the Liberal Democrats were "dumb" to believe the Conservatives would take from the rich and give to the poor, as they attacked what they dubbed a "millionaires' Budget".
Chancellor George Osborne slashed the top rate of tax for the biggest earners today, claiming that the controversial 50% rate was damaging the economy.
The Queen has addressed both Houses of Parliament as part of events to mark her Diamond Jubilee
LABOUR yesterday urged the Chancellor to "ease the squeeze" on Britain's households, calling on him to reduce pension tax relief for the highest earners so that cuts to tax credits for ordinary families could be reversed.
OPTIMISTIC people will sometimes tell you that good ideas never die.