Better Late Than Never
Budget purdah aside, the Guardian got the leak that everyone was chasing. Patrick Wintour reports:
“The chancellor has, sources say, been intellectually persuaded of the case for a cut in the top rate, a move that will endear him to the Tory right.”
Given that this sounds like a recent conversion to basic economic principles, Guido wouldn’t be so sure about the word “endearing”. Having got in touch with Team Ed this morning, they are yet to confirm or deny that Labour would reinstate the rate, on the off chance he ever ended up in power that is.
Tricky one for him…
But of course the left are going mental over this which the cut is right thing to do.
Labour said that raising the top tax rate to 5op was going to make £13.6billion for the Treaury. OK. How much has it raised so far?
Errr It’s lost the Treasury a £halfbillion per month since inception.
Another failed labour’bright’ idea!
It was never about raising money. It was another act of Brownian spite designed to fan the flames of class war. Daring the T*ries to cut it so they could go on about ‘Tax Cuts for the Rich’.
He really was/is a wicked and malicious c*unt.
i thought he kept it at 40p because its sensible and raised to 50p to give them some ammo when they knew they would lose the election. they’d have had it back down if they’d won and called it a temporary measure.
it was a landmine laid in order to blow the leg off an incoming conservative administration – pure politicking
And if the BBC were to start reporting facts instead of spouting socialist dogma it wouldn’t be an issue.
But the Tories are too frit to tackle the Beeb.
Wicked and malicious describes gordy and the labour party to a T.
But we must also never forget that they are economically incontinent and incompetent on an industrial scale.
Labour are gonna have to raise a lot of tax from somewhere to guarantee yes guarantee millions of youth jobs
It is called the politics of envy.
I have penis envy.
I love Wolls Woyces
He SHOULD be sent to Coventry.
A little harsh on Coventry , I feel
You’re fired
Not if it could be on the evening of 14 November 1940, and get the rat-faced, fuck-pig to stand in the middle of the Cathedral.
Whateva
+1
+1
” on the off chance he (miliband) ever ends up in power” !!
His foray into policy making this morning has militwit saying he’ll 1) tax bankers bonuses to create another 100000 non jobs a la gordonbrown and 2) he’ll abolish bankers bonuses.
With policies like that he isn’t ever going to get near No.10. At least we’d better hope not!!!
Lefties make a great sounding board. The more they howl, the more you know you are right and the more they purr, the more you know you are wrong.
Unpopular decisions like this have to be taken to get this country back on its feet. That’s why voting Lib Dem or Labour is only an option for the gullible and ignorant.
Cut it any way you want, right or wrong this isn’t going to be a vote winner; George going to bat for the top 1% in times like this isn’t good optics and it gives the LibDums an opportunity to look like any goodies for the less well off were the result of them pressuring the heartless Bullingdon boys.
Cheap politics from them and the NuLab shower of twats but effective.
How about cutting taxes for business in general?
Cutting taxes for small business in particular?
Cutting taxes on the squeezed middle or the workers who will re-inject that money straight into the economy?
No, cut taxes on your rich best mates.
All in this together.
Gideon is such a good boy
He listens to our bent PR company
I will now employ another maid on the tax savings on the income I declare (in the UK not my offshore income of course)
All in this together as you rightly say
But the rich are not actually paying 50% tax on all their earnings. They are only taxed at the 50% rate on earnings over £150,000, below that level they are taxed at the same rate as the rest of us. And anyone earning over £150,000 can certainly hire an accountant who will make sure he pays less tax than the rest of us.
Shut the F up
How would this affect me? (It’s not like I pay 50p now, anyway.)
You’ll be fine Ken.
After you’ve lost the London election for mayor, you’ll be retired and won’t have to worry about tax anymore
Ed
If you offer it to me I might actually turn up
It means we can wind up your limited company Ken.
A reduction in income tax on all our overpaid journalists is very welcome
Our hedge fund is not producing enough to cover their huge salaries and vast expenses
Our hedgies need to speculate more…
So I suppose those at the Guasrdian affected will refuse the cut and make a donation to charity. Of course we must include all of the labour MP’s that disagree with the cut.
Great idea. I’m sure they will all rush to it.
The Daily Politics has morphed into the Daily Labour Show.
Harriet Harman is on the Daily Politics lying through her teeth. Deluded woman, deluded labour. Labour need a whole new crew, and not the Blair/Brown left over crap.
Harman doesn’t know how much the bankers tax would raise. She also doesn’t know how much the youth work scheme would cost.
Jo Coburn is doing her best to help her out. Why? If it was a coalition MP Coburn would be pulling them to pieces. For fucks sake how blatant!
Jackie Ashley of the Guardian just said it was unfair of Coburn to expect the figures. What the fuck is happening?
Guido get te interview up. It’s the worst display ever.
poor hatty’s confusion is understandable. militwit has said he’s going to bank the bankers bonuses and then he’s going to tax them.
Even a five year old could work out the answer to how much money then will the bankers bonus tax raise?
tsk! ‘ban’ the bankers bonuses. Spelling!
coburn is useless
Well I see labour’s morning is going ‘really well’
Senior managers have cleared off to the races for the day whilst the party is in crisis.
militwit just launched a press conference to tell the world what he’s going to about the 900000 plus unemployed youth that labour created during 13 years of government.
militwit telling us that first he’s going to ban bankers bonuses and then he’s going to tax them to create 100′s of 1000′s of nonjobs for those failed youths.
And to cap it all hattyharpic being asked by audience how much money will the banker bonus tax raise saying err ummm I’ll need to get back to you on that.
They should get rid of the 50p tax rate, for no other reason, than it was introduced by Mandelscum and Darling to deliberatley cause grief for the Conservatives when they came to power. Business and their back benchers will be pushing to get rid of it, which then leaves them open to accusations by the left that they are just helping the rich etc.
The 50p tax band was a shitty piece of politicised legislation designed to give Labour a platform to attack the “nasty” tories and nothing to do with moral or economic sense. Typical of the way Labour conducted themselves in government and the natural opposition, and not governing, mentality they have.
But labour said it would raise £13.6billion in Revenue!!
Now they find its lost £halfbillion a month for the Treasury.
Failed Labour. Poor Failed labour. +Shakes head in despair+
So much for Budget purdah.
I welcome this news. It’s not enough that my fellow good businessmen and me already have more money than we can spend, we want more.
We only create wealth for ourselves and no one else. The workshy poor who won’t do lots of work for minimum wage can die and decrease the surplus population.
Wait a minute, Tories cutting taxes for the one percent is somehow a bad day for Ed Miliband because erm….
Deary me.
It isn’t a vote winner but it makes sense. So wehn do you do it – now or nearer the next general election? No brainer.