One thing for sure, UK PLC needs more Tax revenue, the Tax man has some very smart ways of rewarding its staff in getting this money, most normal working people people will be paying more Tax in future, £750/£900 for a trip to Singapore, am sure the Tax man will be having his eyes on some of that.
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Also need to remember, as normal working people get paid less or new types work for less money, the poor old Tax man will be working even harder, lean times ahead I think.