Hollande Shows How To Ru(i)n Football
The top French football clubs, are showing what they think of President Hollande’s high earner tax, by going on strike, as is reported here on the BBC. Here’s the first paragraph.
French President Francois Hollande has rebuffed protests against a 75% tax on high earners, prompting football clubs to press on with a planned “strike”.
Mr Hollande stood firm by his plan to levy the tax on incomes above 1m euros (£850,000; $1.36m) at a meeting with club presidents.
Ed Milliband admitted in this interview to being a lapsed Leeds United supporter and now follows Doncaster, so expect him to raise taxes like Hollande if he gets elected, as it won’t effect any of his teams. It might even raise Doncaster into the Premier League!
Switching Energy Suppliers In Twenty Four Hours
I was trained as a Control Engineer, and know that the quicker you can make adjustments to a system, the faster it will stabilise. So the aim of being able to switch energy suppliers in 24 hours, would have the effect of stabilising prices, at a level acceptable to both suppliers and customers. It is unlikely that prices would rise because of this, as why would a customer switch to a more expensive supplier?
So hopefully prices will fall.
I can also see, why the Big Six do not want 24-hour switching. It’s curtains for a CEO, who brings it in, as there would be tremendous resistance and instant flight on the part of customers to the raising of prices.
The Anonymous Widower 