Be still my aching sides. Political calamity Labour leader Ed Miliband is making a speech today to try and restore his ailing fortunes after a few weeks of truly horrendous press, as his OWN MP’s plot and brief against him. He will talk about his mission to transform what he labels as “zero zero Britain” – meaning we have some rich people paying zero tax and some poor people on zero hours contracts. Just a few points to be made here!
1. The top 1% of top earners contribute around 33% of all income tax. Would Ed like to see them pay EVEN more? Hollande tried that trick in France and look what happened.
2. Labour MP’s seem quite keen on zero hour contracts for their staff so maybe, just maybe, he should chat to them first?
3. This is rank desperation from a politician who is detached from ordinary people, living in his inflated metropolitan bubble. Soaking the wealthy is the oldest socialist trick in the book and he can’t help himself resort to the politics of envy as he desperately hopes to rise above the water level. I forecast he will keep sinking.