Financial Times FT.com

Dramatic, not slow, remedies are the best way

By Jamie Whyte

Published: May 1 2008 19:11 | Last updated: May 1 2008 19:11

Some of my friends have an annoying habit. They phone and ask if I can do them an absolutely enormous favour. Then the favour turns out to be tiny: looking after little Johnny for an hour on Saturday or picking up some dry-cleaning.

Politicians have a similarly annoying habit. They claim to have big plans for reforming the tax or welfare system. Then it turns out that all they intend to do is lift the threshold for inheritance tax or tighten the qualifications for a sickness benefit.

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