The London eye this week is very much trained on austerity. The 1st April bares the brunt of many a new taxation revision that sees, among others, benefit freezes and caps, below inflation tax free allowance,...., cue 'fools day' all iterations in the press!
However, there is also increasing speculation about the suitability about the chancellor, George Osborne - is he the right man for the job? Can he medicate the economy correctly? Has he lost a great inability to understand the plight of the middle class (Sunday telegraphs lead article with an anonymous Tory source. It is the latter that makes the London eye's retina burn. As, while one cornea is focused on London, the other lid is turning and can observe the vista of its nearest neoghbours the Irish, whose reportage could almost amount to a tragic-comedy for 'The Squeezed Middle'. In Europe, there seems to be a believe that it is the middle that is most adversely effected as the lower paid are hit but still buffered while the highest paid are not willing to be lassoed (which too brings a debate in itself about how much you can tax wealth without the wealthy relocating or reconstructing its piles and piles (and vaults!) of hoarded banknotes. London's eye will no doubt cast itself on that issue as Europe and London continue to clash on the issue of bonuses. But right now, it's crossed eyes are askew enough for now, so lets return to 'the middle'.
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