Bah, L’Humbug! Hollande’s 75% Tax Rate Approved by French Courts

Francois Hollande’s Christmas present to the French people is a 75% tax rate. The hike was ruled unconstitutional a year ago but the French courts have u-turned and now, despite huge protests from business leaders and the country’s star footballers going on strike, those earning over €1 million will pay a top income tax rate of 75% to their socialist government. Another nail in the coffin of the Hollande plan that Miliband endorsed. Expect a queue of Ferraris on the French-Swiss border tonight…




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Quote of the Day

Stephen Bush writing in the New Statesman‘s morning briefing…

“The terrifying truth is that the Opposition is too divided – within the parliamentary party, within the trades unions, within the Shadow Cabinet and even within the leader’s office – to be anything other than a veto player as far as Brexit goes, and the party’s whole gambit is really about trying to make that weakness look like a strength. Keir Starmer saying that Labour is “increasingly likely” to vote down the deal is simply a reflection of the fact that the one thing the Labour party will be able to agree on as far as Brexit goes is that Theresa May’s deal is no good.”

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