
Recently it has been revealed that London Mayor, Boris Johnson, argued that the recent introduction of a 50% tax on all Bank bonuses over (I think) £20,000 would ”super-penalise” the city. However, today the shadow chancellor of the exchequer, George Osbourne, said “I’m not going to oppose it; I’m going to see whether it works in practice and we’ll judge it by its results.” and then said, Boris “is not opposed to this windfall tax, actually, as far as I understand it,”. Doesn’t this show a little lack of coherace from two of the most prominent figures of the Conservative Party? Also, then Osbourne (or boy george, watever take your fancy) then went onto say, “If people would have taken my advice, we would be in a better place than we are today,”, which is coming from someone who prior to last year’s financial crisis was saying the government was too regulatory on the banks, despite the recession being caused by too little regulation and over-speculation.
Max