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The government doesn't have the money
Not sure that significant cuts in top rate tax without adjustment in either bottom rate tax or personal allowance levels send the right political message - also whilst no-one likes to hear it the less well off are less inclined to save so any increase in their disposable income quickly feeds through into increased spending etc.
I do agree that there needs to be a relaxation of some of the red tape small businesses in particular have to wade through - certainly anyone employing less than 10 people needs relief from the plethora of bloody stupid forms government wants filled in on a regular basis. As for the minimum wage, whilst I am in favour of it, I can see that this may be a disincentive to small businesses, but any reduction in its universal application needs to be accompanied by increases in tax credits or some other mechanism to ensure workers receive a living wage.
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