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The government makes for Hay while the sun shines

5 June 2010

Toby Young suffers from Status Anxiety

Absolutely not, he said. How much CGT will rise by and whether it will include some relief for those who’ve held assets for longer than one year is still under discussion. He gave a similar reply in response to a question by the Guardian’s Ian Katz, who asked whether he intended to ring-fence the environmental research grants in the science budget given his concern for the welfare of future generations. ‘We haven’t cut them yet,’ he said.

It was encouraging to witness this civilised exchange, almost as if the rapprochement between the Tories and Lib Dems has resulted in a thawing of relations across the political spectrum. However, I suspect that this mutual regard will turn sour after the Emergency Budget. As soon as the cuts are announced it will be back to business as usual between the Tories and the Guardianistas. I doubt Gove, Clegg and Willetts will be at Hay next year.

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