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  I cant see Osborne going for an adjustment to the 50p tax rate. Although... heaven knows he is being lobbied enough. But of course those doing the lobbying are already on the 50p tax rate and pleading poverty, pleading no will to invest, pleading stymied growth.
  
  But despite all the suggestions that a cut in this rate will stimulate the economy and all that, which many doubt, but apart from whether thats the case or not...public opinion wont like it...not in the aftermath of the banker bonuses debacle. So it would take a very confident government to do it.
  
  Last week Francois Hollande, the French Socialist candidate in the election over there, put forward a plan for a 75% charge on the rich. I think the figure where it kicks in is higher over there but the idea got a resounding thumpsup from the population as Hollande saw a huge surge in the polls. So its a sure fire winner with voters.
  
  Thats what you call sticking your toe in the water to gauge the temperature. Looks like the water is nicely tepid there and here for a continuation of the higher tax rate.

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