A little bit of creative thought

As Benjamin Franklin so rightly observed, “Nothing is certain but death and taxes” and never has this quote been more true than today. An example of what we might expect in the future, although I suspect that this is very much the beginning rather than the end of the tightening of the purse strings, was given by Mr Darling in his April Budget. Mr Darling announced a range of tax hikes for high earners including the removal of personal allowances for those earning over £112,950 from April 2010 (based on 2009/10 personal allowances), the introduction of a 50% higher rate tax band for those...