Oh God ... at least John Hutton shows a glimmer of commonsense.
The point is, the gummint has already had plenty of windfall taxes on the back of rising oil and gas prices:
The British Chambers of Commerce reckoned the annualised extra revenues would be over £4 bn on petrol alone, let's add on 50% for domestic fuel (only 5% VAT) and double it for additional corporation tax, which is 48% on North Sea oil and gas production = £12 bn.
That's £500 per household, for f***'s sake!
We could scrap the extra £70 per household for 'green' subsidies while we're at it.
Nothing
5 hours ago
2 comments:
My gut instinct says they will do it.
appeal to the core and try and stabilise their finances.
shocking though.
Agree with you both.
It costs HMG little, is very popular, appears to help the key target 'low income/Labour supporting voters, can't be defended against without appearing to be in the pocket of 'fat cat profiteering businessmen, looks like 'helping steer the country through the turbulent economic crisis' and stuffs some money into the black hole of government finances.
you can almost hear the spads ticking off the points in favour on their fingers as dithery Gordon realises all the bad points fall in the future.
"Why...I'd be a fool NOT to do it!"
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