Priceless.
Nulab are so mindblowingly incompetent that they can't even get a good headline out of a tax cut - see also the shambles they made of the 2% 'cut' in basic rate tax (that left the lowest earners worse off); the subsequent panicked increase in the tax-free personal allowance (a £2.7 billion bung to try and hang on to Crewe and Nantwich, which failed); the cut in CGT from 40% 'down' to 18% which left entrepreneurs worse off (followed by a bodged reintroduction of Retirement Relief). As it happens the true overall average CGT rate was probably closer to 18% than 40% anyway, once you take into account indexation allowance and taper relief, but that's details, and not what the headlines said.
What a bunch of morons. Of course they don't understand economics, let alone free-market economics - they're socialists - but they can't even put a positive spin on a f***ing tax cut, Jeez.
Meh
2 hours ago
1 comments:
The Spectator [who kindly linked to my post on stamp duty] had this good bit in their own article.
"In reality it doesn't matter that much which way Ministers decide on Stamp Duty: what does matter is when they decide. Come out with an announcement either way today and we'll be fine. Wait until the party conference and the market will simply tank."
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