Obsolete

George Osborne, the shadow chancellor, said yesterday that corporation tax rates should be reduced to help revive the economy and boost competition.
The main rate is due to fall from 30% to 28% in April, but Osborne said he wanted it cut to 25%. The shadow chancellor ruled out offering immediate tax cuts after a Tory election victory and highlighted a squeeze on welfare as the most likely route for finding savings.
He said: "We will be squeezing budgets like welfare, which are a drag on the British economy. This country has more children, a higher proportion of children, in workless households than any other country in Europe. And that is not acceptable."

Chris calls Osborne an obnoxious prat, and I think that's being incredibly kind. Not that our glorious Labour government thinks much different, as Dave Osler writes.

Labels: Conservatives, George Osborne, robin hood in reverse, Tories