ANDREW Morrison (Letters, July 11) confuses “hard-working” and “wealthy” when he claims that “Conservatives have consistently cut taxes for hard-working people over the past nine years, and we have been especially mindful to ensure they benefit the many, not the few”. Increases in VAT to 20 per cent hit everyone, where the increase in the higher rate threshold only benefits the top 15 per cent or so. Even then the ones who are actually working lose most of the increase to higher National Insurance contributions.

On the other hand, George Osborne introduced a £1,000 tax-free allowance for interest on bank accounts. To take full advantage of this with RBS you would need almost £150,000 sitting idle in your bank account for a year, enough money to buy a house. This is running the country for the advantage of the few, not the many.

If the Government were genuinely interested in helping hard workers through the tax system, we would see a reversal of the preferential tax treatment of unearned dividends over wages, and company owners like Mr Morrison would pay themselves a higher wage instead of taking dividends.

Alan Ritchie, Glasgow G41.