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Thursday, December 10, 2009

The Pre Budget Report II

Alistair Darling has been more than a wee bit canny, wrt his tax on banks paying bankers' bonuses.

Whilst it may or may not raise £500M, it has created such a media stir that the real pain of the tax rises (another 0.5% on National Insurance - over and above the 0.5% rise already coming in) has been "forgotten". This tax will raise several billion.

The fact is that taxes have been pushed up, and we are all going to be paying far more to this government.

Darling's bankers' bonus tax is merely a bit of window dressing to distract the voters' attention.

1 comment:

  1. smithy12:22 PM

    ... and as I've read elsewhere the tax only applies for one year - so the bankers defer the bonuses and get them anyway, avoiding the new tax - and the government look as if they are being 'tough' on them just before the election.

    ... and we all still pay.