Well I could write a major long rant about the Budget and how Labour is fucked. But whats the point? Look at this way, it was inevitably going to be bad. The whole world is in a bad way at the moment and the UK is doing very poorly, the budget was never gonna make everyone smile. Every newspaper is basically laying into them, from the Daily Mail and the Telegraph through the Independent to the Morning Star. No surprises there then.
Instead let me just say this. The 50% top tax rate is something that should have been in place long ago. To put it simply, if you earn over £150,000, you are fucking rich. So paying 50% tax on earning OVER that amount isn't really a big deal in the sechem of things. The scheme of thigns being that if youw ant to continue being that rich you need people to make money from...and paying those taxes helps keep those people intellegent, healthy and more importantly (for you) spending their money!
So yeah, Labour suck, I think we all get that now. But a 50% top tax rate is the correct thing to do, even if it's come far too late and for the reasons.
Also intresting to note that they would never have done this if they were riding high in the polls. It takes masisve loomign election defeat for them to actually enact what should be a key policy of any real 'left-wing' government. Then again they left the left-wing to get thgemselves in power and drifted further form it whilst in power....makes sense they'd run back to mummy when teh power goes away.
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