Attacking the rich

It is beginning to feel like the 1980s again in the UK - tax the rich and ban page three girls - at least according to the Liberal Democrats.

Why is it that one half of our government is more worried about something as dated as page three, while the country is mired in debt? Steering clear of cheap gags about topless models and assets, what is there to make of this attack on the rich? Well, once again the definition of ‘rich’ seems to have been set at an annual income level of £150,000. Apparently there are about 380,000 people in the UK who by this definition count as ‘rich’. It seems quite an arbitrary amount of money, and I am sure advisers have got clients earning in that region who are not feeling particularly rich....