As part of a wholesale shake-up of the taxation system, I'd happily see both inheritance tax (as well as capital gains tax) and non-domicile status abolished. If George Osborne had announced that, then, a lot of other things being equal, I might have been more impressed. Which is to say, even vaguely impressed. But he didn't, so I'm not.
Academic though the matter is, has David Cameron considered appointing a Shadow Chancellor who can add up? Both on IHT and on non-doms, it is perfectly clear that Osborne cannot. Meanwhile, I propose a new brand of high class biscuit, Cameron & Osborne's: "smooth on the outside, thick and crumbly on the inside".
Indeed, we should take to referring to the Bullingdon Boys as "Thick & Crumbly". But which is which, and why?
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