|First thoughts, based entirely on the Guardian article ...|
I was planning on giving up social drinking and cigarettes this summer anyway, in favour of hard drugs, on the basis that prices there are counter-inflationary, and consumption doesn't affect your insurance status, so I'm not bothered about the rise in duty on tobacco and wine. And if for whatever reason I can't get what I need from the marketplace, I suppose I'll always be able to access oblivion in a bottle of scotch. So, thumbs up there.
I'd be interested to hear how the son of the manse justified abolishing the 10p in the pound rate (I mean, really, what have low earners done to deserve that kind of treatment, apart from possibly not turn out to vote in the numbers they might have done) while at the same time raising the threshold on the higher rate; no doubt he's done his sums, but it seems fairly cruel. Similarly, cutting corporation tax while making life more difficult for small business looks harsh.
If this is any indication of how he's going to approach the next election, I suppose Middle England and the City can look forward to some big love from Kylie's new pal, which doesn't really come as much of a surprise.
Personal animosity aside, it's difficult to see what Mr Tonty's worried about, in terms of the New Labour legacy.