Brown Takes The Blame, Then Tries To Spin Out Of It

Gordon Brown has accepted the blame for the decision to change pension tax rules in 1997, claiming that it was taken on "the best advice that I had". So far the only advice anyone has seen highlights the risks or predicts disaster. Of course, they tried to claim that CBI wanted it, but seem to have climbed down on this after the CBI said it was a load of old tosh.

Gordon Brown's latest way of spinning out of it is to suggest that it was offset in reductions in Corporation Tax. A nice bit of convenient thinking when you consider the considerable number of additional taxes and burdens that he has placed on business, which already more than offset any tax reductions.

The truth is Gordon did it, it is Gordon's fault, everybody blame Gordon.