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Budget: City

Stephen Edge of Slaughter & May considers the Budget from the City's viewpoint
Much of this Budget had been foreshadowed in PBR or other announcements or otherwise been the subject of extensive consultations so inevitably it was the 50% top personal income tax rate that took centre stage and attracted much of the post-Budget commentary.
That is probably exactly what was intended — more about the political message and setting the scene for the next election than doing something to restore the economic balance.
Tax them While You Can
The Government has now conducted experiments in relation to taxing things that can take themselves out of range in three...

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