Accountancy Age reports that:
New trade and investment minister Sir Digby Jones has called for a more competitive corporation tax rate.
Just a few days into his new role within the government, Sir Digby called for a more competitive tax rate for business to stimulate the economy, encourage more R&D investment and to help small businesses
Which does several things:
a) It shows that Jones does not understand that competition happens above the line, not below it;
b) Shows he has not changed his CBI spots;
c) Shows he has not yet understood ministerial responsibility - tax is not in his area so he should not be talking about it;
d) Shows Gordon Brown got it seriously wrong in thinking him fit to be a minister.
But since I knew that, why didn't Gordon?