This is how it works. If you earn 25,000 quid a year and pay 20% tax, you are contributing £5k to the economy. Ok, that is sooooo simplistic, but iss just for illustration, innit. If you earn 250,000 a year and paid tax at 20% (in what world?), your contribution would be £50k. However, due to the fucking communists in our government, Billy Rich will actuallly be taxed at 40% (45 really, but that’s currently in debate), so he’ll be giving £100k. That I hope will put paid to the imbecilic “the rich gotta pay more tax, innit?” rubbish as quoted from some dozy bimbo on the News last night. The ‘rich’ do pay more tax. Shitloads of it. Many other dozy bimbos use this as their mantra too. Take note, Angela Rayner.

But then there’s the other dozy bimbo, the one currently running the country. Because she needs to get this too. Her and her big mate from the Chancellory. That if you reduce the highest of upper-rate tax bands, you are only giving money to the rich people in that band. Money you’re going to borrow, the repayment for which will be down to everyone, both rich and poor. Effectively robbing the (future) poor to pay the rich now. And for a Conservative government its not only spectacularly stupid but also is playing directly into the Labour party’s grubby little, coal-stained, calloused hands. So they’d have us believe. Kier Starmer is a lawyer so safe to say, he’s never done a day’s work in his life. 73-hour weeks at his desk sorting out prosecutions, by his own definitions, did not make him a ‘working man’, however many curries he ate out of the take away cartons in his office.

Thus, after a weekend of Liz and Kwasi assuring us that ‘the plans are the plans and will not change, none of them, not even a little bit, nothing’, by 7 o’clock Monday morning they had changed. Once eternal snake-in-the-grass/pain-in-the-ass Michael Gove and annoying little bad loser Grant Schapps had basically told their leaders that these proposals would never get voted into law, Kwasi realised finally what good sense would have told him 10 days ago (20cents on the pound ago; 1500 quid a year on the mortgage ago; 60 billion in the Bank of England ago) that the ‘rich’ don’t need a tax break funded by debt. They have their own offshore funds and avoidance tactics and hedges in place already, thank you very much.

Next is the OBR report on the tax proposals. The ‘Office for Budget (Ir)Responsiblity were supposed to pass judgment at the end of November but now its moved forward to later this month. Whether we still have a government by the next day remains to be seen.

Message for Liz: it can ONLY get better.

Happy Tuesday, fast well

A xxxx