Remember this frightener?
Not, you understand, that this is the Daily Mail I’m talking about here, but the Evening Standard, which, in concert with all fearful right-leaning papers, spent much of the General Election campaign frightening the readers with apocalyptic tales of how Mil The Younger, supported by “Auguste” Balls and their henchmen, would, if elected, wreak havoc on the country by, er, abolishing the Non Dom rule.
How big a pay rise is that, then?
“Business chiefs warn Labour plans put capital’s global success at risk … LONDON BACKLASH OVER ED’S NON-DOMS ATTACK”. As Sir Sean nearly said, I think we got the point. Removal of non-dom status would be Bad For Britain, because it would be Bad For London. I mean, what if the owners of One Hyde Park had to open their wallets a little wider? Evgeny would find himself at some pretty grouchy dinner parties if that happened.
Er, not a pay rise at all, actually
That’s a blatant example of Tory-cheerleader hypocrisy. But it gets worse: the idea that there has been a “Big pay rise for Britain”, when the actual tax numbers are added up, is clearly bunk. As Channel 4 Fact Check has shown, while Osborne’s proposals include tax cuts of £24.6 billion, that figure is put in the shade by tax rises of £47.2 billion - almost twice as much. Otherwise, how could Osborne hope to reduce the deficit?