But here is the shocker: the Treasury now admits that the companies can offset most of the £910m cost of these schemes against corporation tax. Not only is this not a windfall, the taxpayer is paying.
Erm, Polly, are you seriously trying to tell us that you didn\’t know this? That corporation tax is only paid upon profits? That is, on what is left after the costs of doing business? So that if the costs of doing business rise then profits fall and so does the amount subject to corporation tax?
And you consider yourself qualified to pontificate about taxation and redistribution?