It’s also said that Britain will not be able to attract top talent if tax rates are too high. This is to some degree true. (I have some friends who’s careers would be better advanced by returning to the UK from abroad, but the effective pay-cut and cost of living hit is unattractive)

The question is, out of the £150k+ crowd, how much is worth top talent and how much is overpaid turds. Hard to say.

I think it would have been interesting had the government matched this with incentives for investors, entrepreneurs and helping small businesses. I think their is a lacking of real creativity here. We should really be encouraging companies with say <20 employees or £2mil in revenue to run effective and sustainable business as well as help reduce some of the risk for investors and small business. I’m not sure we’re doing enough of that.

All that said, I’ve no idea how good or bad the budget is in real terms. I don’t feel I have the necessary knowledge to evaluate this properly, and I don’t feel the news or press is helping at all.

Since it seems that the worry of the Conservatives is that higher bracket tax payers will silt it all away in stocks to pay the lower rate of CGT instead of PAYE, it would appear that, for many, the extra cash is not something that will be circulated into the economy.

I often wonder what is the point of accumulating cash just for the sake of it? But I have a strange feeling I may never find out