Coalition of the Millionaires.

[Peter Presland]

This thread seems as good a place as any to post this.

Would it really have been much (ANY!!) different, had the Labour Party managed to conclude a coalition agreement? There's an article in the Mail about David Laws' forthcoming book entitled - "Pretty soon people will be asking 'who the hell is running this country?': David Laws gives the first account of the five days that changed Britain..."

Laws was at the Heart of the Lib-Dem coalition negotiations with both Lab and Con so this is a first-hand, eye-witness quote:

".... We have all these expensive Lib Dem pledges,' said Balls, 'but how do we fund them, and cut the deficit?'

I said: 'Look, Ed, as you know we are proposing that the higher personal allowance is funded by progressive tax reforms of the type I would have thought Labour would support - higher capital gains tax, a new mansion tax and reform of pensions taxation.'

Mandelson frowned: 'Surely the rich have suffered enough?'

My emphasis - but considering his swanning around with this and that Russian Mafiosi (Derepaska's Yacht in Cannes for one - and in company with George Osborne on that occasion as I recall) and his general spooky past, it really does tell you all you need to know about what has become of the party of the working man.