Contracts are pretty much inviolable here in our Common Law system.
And I\’m even more worried than Nick Drew about this.
Because contracts are inviolable peepsw are asking, and some have got, that tax regimes etc should be contractual, not just legislative. For future governments can always change the law but those contracts will still stand.
Which sounds like a good idea: but here\’s the worry. The incentives and pressures for politicians to change the law are well known. But those same incentives are likley to have them making the contracts that previous governments have entered into violable.
And that\’s a whole shitload more of a problem, that undermining of why English commercial law actually works as well as it does.
In essence, I\’m suggesting that the incentives politicians have to lie, cheat and steal would be such that they would break the law of contract if they were held to it. So don\’t hold them to it, for that law of contract is too important to be broken by the flapheads and gumjabberers.