Courtesy of David Cameron this week, we now know there are two types of city financier. The first, epitomised by Sir James Crosby, is the sort of shyster that only a Prime Minister with a serious lack of judgement would dream of putting in a senior role. The second, epitomised by Sir David Freud, is… Continue reading When is a wunch not a wunch?
Tag: david-cameron
Cutting tax is not a zero sum game
I’m cautiously optimistic about the rumoured plan of a 2.5% drop in VAT. It sounds like a good move to me, for several reasons. One thing a VAT cut won’t do is lead automatically to a reduction in prices. Most food isn’t VAT-rated and it is hard to believe that a CD priced £9.99 this… Continue reading Cutting tax is not a zero sum game
Is George Osborne Cameron’s Mandy?
How much longer can George Osborne hold on as Shadow Chancellor? Now is not the time for a flyweight to be in charge of the Tory’s economic policy, not least one who thinks that the best way to stop a “house burning down” is to “fix the roof.” Today’s revelation by Nathaniel Rothschild that Osborne… Continue reading Is George Osborne Cameron’s Mandy?