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    I see the Libdems are capitulating once again, this time in the shape of slithery slip-sliding Vince Cable who now seems to be giving way on the 50p tax rate issue. The Libdems huff and puff like nobody's business...they keep bashing on about the need for a wealth tax but now are relinguishing all hope and support for the 50p rate....which strikes me as a contradiction in terms.

    The creation of some kind of wealth tax is on the cards and they are having "complex negotiations" before the budget as to what it might be..says Vince. Talk about making your policies up on the back of a fag packet while riding on the no 11 bus. The Budget is a short while away 21 March and they are all still negotiating. There is nothing like clear and precise leadership and this is nothing like it. Everything is a compromise, everything decided by a kind of committee. Remember what they said about the poor camel...the camel was a horse designed by a committee!!

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