Scottish Prime Minister UNELECT Gordon “Bottler” Brown has just performed a spectacular Crazy Gordon and achieved a first in British Parliamentary history.
By tradition, British Chancellors write a budget for the forthcoming Fiscal Year. On occasions Chancellors have been forced by circumstances to write a special interim Budget in response to unforeseen economic circumstances. However, no British Chancellor has ever written a special Budget in order to get the main Budget through Parliament when all of the problems were fully recognized 13 months earlier.
But then that assumes that “Bottler” expected to start 2008 with more than two years before he had to seek election. Cynics will say that he expected to fight an election before Christmas 2007 – the election he bottled out of!!!. Had he fought and won an election the voters would have found out about the tax hike six months later and “Bottler” would have had more than four years before they could hold him to account.
Faced with a revolt by his MPs over the disastrous tax hike for the poorest Britons, “Bottler” has ordered Scottish Chancellor “Dobbin” Darling to announce a special budget to avoid his main budget being defeated by Parliament.
As the cupboard is bare and the British economy looks ready to fall off the cliff, he has decided to borrow about GB£3 billion to pay some of the poorest taxpayers compensation but still leaving more than a million poor taxpayers worse off. As the compensation is also intended to buy votes in the Crewe by-election next week, he has compensated over 17 million richer taxpayers who lost nothing in his 10 p tax raid.
Confused? Why not, “Bottler” and “Dobbin” are.
Looking closely behind the deceptions and lies, this may not be such a spectacular Crazy Gordon.
Only 4 in every 5 of the poorest taxpayers has been compensated to leave them where they were before April and all of them have had tax deducted already at the higher rate if they are subject to PAYE payroll deductions. Eventually, 4 in every five should receive refunds so they will have to tighten their belts until the refunds arrive. Many will of course have borrowed and lose out by the interest they have to pay until the refunds arrive.
Then it has to be noted that this is only a quick fix for this year and all of these taxpayers can expect to lose next year and have to pay a further tax increase to repay the loan from which the compensation is being paid this year.
So if this is a quick and dirty fix, using borrowed money that will have to be repaid, why bother at all?
The answer is very simple.
The Crewe by-election will have taken place and so will the Labour annual conference in September, possibly leaving “Bottler” in his unelected post, so its a year’s pay as Prime Minister at a personal level, and the hope that things might get better before a General Election in two years time.