That 10p tax rate

Posted on

When you've been blogging for a while you can look back and see if you spotted a trend. So I've been to see what I said about the budget in 2007 to see if I saw the 10p tax problem coming.

I did. I said, almost immediately after the budget was published and before I'd had a chance to analyse it in any real depth that:

The redistribution effect? Forget it. There isn't one, although I suspect those on £20,000 or so might lose - but that's instinct only at the moment.

And I summarised that post saying:

Let's be clear. the big issues concerning justice were not tackled. And that's massively disappointing.

Some more politicians should be reading what I say - some would not be in the mess they are now if they'd raised the issue at the time.