[Re: Budget could be surprisingly radical, yesterday]
What ever happened to all the radical discussions about merging income tax and national insurance? What about getting rid of the absurd 60 per cent tax rate on those earning between £100,000 and £120,000? This will not be a radical budget. I will believe our chancellor is radical when he acts on his convictions.
A really smart move would be to abandon the idea of taking more people out of tax as a LibDem daydream. Instead, scrap the 50p tax rate, as posturing socialist nonsense, and reintroduce the 10p tax rate because it should never have been scrapped in the first place. This would reduce the penalty for those earning a little more than the personal allowance to an acceptable 10 per cent.