Gordon Brown is to begin setting out Labour's plans for slashing public spending by £12bn over four years, ahead of Wednesday's pre-Budget report.
The PM will unveil the "efficiency savings" as he tries to show how Labour could halve the UK's budget deficit.
And...
British banking chiefs have reacted angrily to news the Treasury is drawing up plans for a one-year windfall tax on bonuses paid to some UK-based bankers.
A scheme could be unveiled in Alistair Darling's pre-Budget report this week.
BBC business editor Robert Peston said taxing bankers rather than banks would not weaken the banks and could raise several hundred million pounds.
Awesome, absolutely awesome, isn't it...
Our Government's big plan to prevent fiscal meltdown is to steal some petty cash from the bankers. And to cut the spending deficit by less than a tenth over four years.
Is it just me or can anyone else hear the low rumble of a massive waterfall in the distance?
It's either that or I'm developing stress-related tinnitus...
1 comments:
There is a waterfall coming up, I just wish the government would stop paddling *towards* it.
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