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  • Are the people who benefit from this going to vote Tory though, which is the goal?

    It's just such a tiny demographic though. According to gov stats there are only 630k additional rate taxpayers in the entire country, presumably concentrated in a small number of London (safe Lab) and Home Counties (safe Con) constituencies? Very few in the traditional Middle England battlegrounds, you would think.

    It's so puzzling. I could have understood giveaways to the red wall or whatever, but this must be ideologically-driven, i.e. they think it was "unfair" that Labour raised this rate from 40p to 45p, or somehow it's going to raise more money in the long run by stimulating growth.

  • Disaster capitalist donors and they are just there to provide good value for them?

    The mistake may be thinking they actually care about governing all of the UK...

  • Disaster capitalist donors

    No way that those guys have any onshore UK PAYE income that would make them worry about the 45p rate. Although Ashcroft did celebrate the policy on Twitter...

    https://twitter.com/LordAshcroft/status/1573247615629758464

  • Disaster capitalist donors and they are just there to provide good value for them?

    The mistake may be thinking they actually care about governing all of the UK...

    It's a nonsense, but if you wanted to temporarily convince most key voter blocs that it was more or less business as usual for a year or two, then this (plus the energy cap) would be one way you might try, if you didn't care about long term consequences. I think thats the key bit...keep the donors happy, mug off the plebs and hand over a burning bag of dog shit to Labour at the next GE.

    Labour still get the blame for the global financial crisis...

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