No 36: Poor Darling!

If you never thought you'd feel sorry for Mr Darling, look at this cartoon:

http://news.bbc.co.uk/1/hi/business/8402362.stm

Of course I'm sure by now all of you have read about what he proposed in yesterday's Pre Budget Statement, but in case you haven't, this summarises the main comments and proposals he made:

http://news.bbc.co.uk/1/hi/uk_politics/8403636.stm

We were discussing in afternoon A2 class which of these are the most important, and decided on:
1. The tax on bankers' bonuses
2. The raise in National Insurance
3. The commitment to halve the budget deficit by 2013
4. The return of VAT to 17.5%

In general, he seems he is favouring raising taxes over cutting spending, perhaps since the latter is particularly dangerous just before an election.

However, we all know that the most important of all is ............................ the reduction of tax on BINGO!