The Chief Secretary to the Treasury contradicts Osborne and says the idea is "well worth further consideration".
Renewal's call for the 45p tax threshold to be reduced to £62,000 to fund the abolition of the 40p rate is smart politics.
The Tories’ tax and benefit changes have cost women four times as much as men – little wonder when they are so absent from the top table.
The level of austerity required varies hugely depending on how much growth is thought possible.
The Chancellor may think he is a realist playing hard politics. But these are tactics the Scottish government could also successfully employ.
The Scottish First Minister offered no persuasive argument for Scotland entering a currency union with the rest of the UK.
"If Scotland walks away from the UK, it walks away from the Pound."
Neither the tax rises proposed by Labour, nor the benefits cuts proposed by the Tories would make a significant dent in the deficit.
Despite being repeatedly pressed by Ed Balls at Treasury questions, the Chancellor refuses to comment on whether the Tories want to reduce the top rate from 45 per cent to 40 per cent.
The economy is still 1.3 per cent smaller than before the recession and the recovery remains the slowest since 1870s.