Guido isn’t going to do much on the budget, the FT is probably the best place to go for coverage. As soon as the 50% tax hike was announced emails pinged into the inbox along the lines of “That’s it, I’m off to Switzerland”. What is Labour saying to those who work hard and become successful? “We will punish you” seems to be the message.

Good news for Dublin and Dubai.  They will welcome entrepreneurs with lower tax rates and open arms.  Guido would not be surprised if this measure ends up reducing revenues as people flee penal tax rates.