Interesting that Labour attack dog Michael Dugher is rowing back on Millionaire Miliband’s tax spin this afternoon. Dugher is refusing to repeat the absurd idea that Cameron has written himself a £40,000 cheque, now nuancing the argument by noting that only 8,000 millionaires will benefit. Might be something to do with Dave slaughtering Ed on tax during his speech:

“Did you hear what Ed Miliband said last week about taxes? He described a tax cut as the government writing people a cheque. Ed…Let me explain to you how it works. When people earn money, it’s their money. Not the government’s money: their money. Then, the government takes some of it away in tax. So, if we cut taxes, we’re not giving them money – we’re taking less of it away. OK?”

An important distinction…