| SNP's Local Income Tax Plans Are Unworkable, Blasts Wendy Alexander
Scottish Labour leader Wendy Alexander said of the proposals: "They are dead in the water. There are more holes than a piece of Swiss cheese." She hit out after finance secretary John Swinney confirmed the Scottish government want all workers to pay an extra 3p in income tax instead of council tax. The average council tax for a band D house - in the middle of the range - is £1090. Under the proposed system, a worker earning £25,000 would pay £586.95 in local income tax. But everyone in a household earning a wage would be liable for the new tax, instead of one bill covering the home. And the super-rich who live off unearned income from stocks and shares will not pay a penny. Swinney claimed there was "overwhelming" public support for his plans.
Opening Glance: Household Durables
Shares of household durable companies were mixed Friday morning as investors digested government data showing consumer spending dropped to its lowest level in 17 months during February, while personal income rose more than expected. Here is how some stocks in the sector are faring Friday morning: Black & Decker Corp. lost 69 cents to $65.20. Whirlpool Corp. gained a penny to $85.50. Snap-on Inc. rose 39 cents to $48.76. Stanley Works, which makes tools, shed 18 cents to $47.76. .
(AFX UK Focus) 2008-03-28 14:33 GMT: Opening Glance: Household Durables
NEW YORK (AP) - Shares of household durable companies were mixed Friday morning as investors digested government data showing consumer spending dropped to its lowest level in 17 months during February, while personal income rose more than expected. Here is how some stocks in the sector are faring Friday morning: Black & Decker Corp. lost 69 cents to $65.20. Whirlpool Corp. gained a penny to $85.50. Snap-on Inc. rose 39 cents to $48.76. Stanley Works, which makes tools, shed 18 cents to $47.76. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. .
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