by Adam Ford
When Gordon Brown claimed the Conservative Party’s inheritance tax policy was “dreamed up on the playing fields of Eton”, he must have thought he was scoring an easy political point. However, he had touched off a storm which would fascinate politicians and commentators for days, by alluding to the great unmentionable: social class.
David Cameron responded by complaining that the “petty, spiteful, stupid” line marked the start of a Labour Party-led “class war” against the wealthiest in society, and pundits speculated that Chancellor Alistair Darling would use his pre-budget report to launch swingeing attacks on those at the top of the tree. In the event, he merely proposed a one-off tax on banker bonuses over £25,000. Considering the government has already spent £850 billion bailing out the banks, the £550 million he forecast this would bring in amounts to just a drop in the bucket. Even so, he provided sufficient loopholes to protect bankers from even this puny infringement on their enormous wealth, and increased VAT, which disproportionately hits the poorest. Normal service had resumed. Continue reading “a class war in westminster?”