OK, so the oil blowout is going to cost BP a lot of money. Rightly so of course.
However, a small prediction for us all. There will be someone, somewhere out there, who will insist that BP should not be allowed to get tax relief on these costs.
No no, I don\’t mean any special reliefs or anything, just the basic \”hey, our profit is lower so we owe less corporation tax\” thing.
I wish it were possible to bet on such things as that\’s a close to a sure thing as I can imagine. The only uncertainty will be over who actually starts the meme and who then picks it up.