Budget Bluff

There has been an extraordinary amount of pre-briefing of this budget, allegedly because of the necessity of the coalition’s components lobbying for their policies out in the open. The pundit class has been confidently staking out their “informed” takes on the budget. Guido can’t help noticing that different papers are saying different things will happen on the 50p top rate. For example The Guardian’s  Patrick Wintour splashed on the front page that the rate will be cut to 40p and The Telegraph is reporting it will be cut to 45p. Do the pundits really know or are they just, y’know, bluffing?

If Osborne really wanted to wrong-foot the two Ed’s response, he could just leave it at 50p for now…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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