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The British economy grew by 0.3 per cent in the first quarter of 2015, the slowest quarterly growth for two years. The Institute for Fiscal Studies pointed out many absurdities in party election promises, noting that most people would see tax and benefit changes that reduced their income; it said that the Conservative and Liberal Democrat plan to increase the personal allowance to £12,500 would not help the 44 per cent of people who now pay no tax, that Labour’s promised 10p tax band would be ‘worth a princely 50 pence a week to most income-tax payers’ and that it...