a nationwide security crisis. now on bbc news, dateline london. hello and welcome to the programme, which brings together leading british commentators with journalists from overseas who write, blog, podcast and broadcast to audiences in their home countries from the dateline: london. this week liz the disruptor, emmanuel the moderniser, vlad the invader. the first has a comfortable majority but has already had to wave the white flag. the second vowed to reform, and the voters promptly deprived him of his majority. the third can ignore his parliament, but perhaps not the people, who are voting with their feet. leadership who wants it? in the studio to discuss that triumvirate, a dateline triumvirate. jeffrey kofman, who s anchored news programmes in both his native canada and the united states, and reported from the frontline. marc roche, a belgian born economist who writes for the french news magazine le point. polly toynbee, weekly columnist with the guardian for almost
industrialised g 7 countries. it was this tax cut simply like an emerging country where you launch policies but you don t say how you will finance it. borrow a etc about you don t say. it was astonishing even if some of the measures make sense, like the bonuses, why not to attract bankers back to london to compete with new york? you could say the freezing of the corporate tax will be good for small and medium companies. but really diminishing, not only is it very unsociable, unthinkable on the continent, and france you would have a revolution. it s terrible at a time of high deficit. and it will be even a bigger deficit. the mystery of it all is cores that the rate of barring of the uk is still a lot, almost like the us. but of france for that but it will come where the markets have shown on two already unhappiness. this plan is influenced by the chancellor being hedge fund man. he worked in the hedge fund, thanks to him have done a killing with betting against the pounds. in
The institute for fiscal studies says, even allowing for the top tax cut having been taken away again, within the existing structure of income tax, that s what has happened. that s just not publicly acceptable. jeffrey, she did promise to be a disrupter. she promised to be a disruptor, based on phoney economics. i the zombie economics, saying, reagan did it. i if we look at history, reagan s tax cut. i if they worked for him, why not for us? they didn t work. that s the point. if you read any serious - economic analysis of the 1980s in the us, those tax cuts did not. - crosstalk. the trickle down. the bounce back happened when clinton raised - taxes, in fact. this idea that cutting it - for the rich somehow makes the rest of us better off? it s an absurd ideology. what you re seeing clearly is that this country - is in the grip of- the right wing version of a trotskyite.
A nationwide security crisis. now on bbc news, dateline london. hello and welcome to the programme, which brings together leading british commentators with journalists from overseas who write, blog, podcast and broadcast to audiences in their home countries from the dateline: london. this week liz the disruptor, emmanuel the moderniser, vlad the invader. the first has a comfortable
Wealthy. your cohorts, i wouldn t say colleagues, but people in your world, for example, larry summers, have said that this tax reform is all based on phoney economics and you have pawed crudman saying it is based on lies. have they taken you up on that? no. paul, larry, are political spokesmen. that s what they re doing. i think there s enough name calling. enough use of those kinds of words. i think this is a good challenge. let s put our money down. so far they have declined. i think i know why. i think they know they re going to lose the bet. dana: are you comfortable with 20% on the corporate tax cut? do you think it could go higher and still be effective? i think it will be very close to 20%. the president has been firm about that number. remember, the goal here is international competitiveness. the average world tax rate now