Tag Archives: public finance initiative

Paul Reynolds

Opinion: subtexts rule! (or, why the subtexts of the budget and new roadbuilding plans are more important than the headlines)

By Paul Reynolds | Tue 27th March 2012 - 4:52 pm

This last week has demonstrated that a sailing ship without a destination will… well… just drift with the wind.

During this last budget week the Tories, under pressure from their backbenchers, reduced the 50% rate of tax for higher earners. Under the principle of Collective Cabinet Responsibility, Lib Dem ministers defended the change, implying that this concession has been granted in return for broader anti-avoidance tax measures for the better off, and the next step in the reduction in the number of lower earners paying income tax. BIS Minister Vince Cable weighed in dutifully with facts and figures showing that the …

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  • Judy Abel
    @Hywel fair point although second class letters are so slow that I would prefer the French model!...
  • Judy Abel
    @Ynys I stand corrected but at least I got the right playwright and the right play!...
  • Judy Abel
    @Simon yes we should either subsidise the essential services we value and pay for them through progressive taxation or not privatise businesses that then extrac...
  • Judy Abel
    @Peter I agree the media sets the tone in a lot of cases! Look at the disproprtionate number of times Farage appeared on Question Time. Our media is right leani...
  • Hywel
    "La Poste in France delivers six days a week and a normal stamp for a letter delivered within three days costs £1.30." GIven that second class post in the U...