Another Budget snippet

Benedict Brogan’s latest post is built around an observation from Jo Johnson on the 50p rate, yet it is Brogan’s own observation that gets a place in our Budget scrapbook:

“Some people I have spoken to think George Osborne might be sufficiently worried about the growing exodus of entrepreneurs to put down a marker on 50p in the Budget next week.”

Whether this “marker” transpires — and what it might look like, if it does — is something we shall have to wait for. In the meantime, it’s worth noting that Labour have already set a marker on 50p: that it will have to remain for the duration of this parliament, at least. There is a clear opportunity for Osborne to define himself, and the coalition, against that.