Would anyone accuse Polly Toynbee of being a "Dave Spart" demagogue? Probably not. Yet her very interesting piece in today's Guardian would no doubt be picked on by some as way too leftie for their tastes. Well done Polly. Agree with every word.....( she's talking about the Lib Dem policy proposals) I hope Alistair Darling is reading this over his breakfast
"Hammer the rich, shut loopholes for tax exiles and cut the basic rate of income tax for all by 4p sounds good. So does cutting the huge pension tax reliefs for the rich, long overdue, yielding as much as £7.5bn. Dead right to axe the inexplicable relief on capital gains for private equity, which would bring in another £6bn. All these the chancellor of the exchequer should steal wholesale for his next budget: think what he could do with £13.5bn in a very tight spending round. He won't, of course, do anything as brave - people who work private equity are rattling his cage with threats that touching their perks will lead to "meltdown".
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