No mention of the fact that corporation tax for small businesses will go up to 22% next year. Labour is still squeezing the little guys.

CA, Manchester, UK

Labour has always managed to destroy Britain's economy - this government is no different and the sooner they go the better!

Sam, Sheffield, UK

Money to fund Labour's ruinously expensive "initiatives", which are often abandoned after spending multi-millions of our hard-earned cash, has to come from somewhere. But to pick on the main generators of wealth - the multinational companies who can quite easily relocate to Dublin (say), is madness.

john, Leeds, UK

Cleaning Lady Nil - Corporate Tycoons 1, did anyone expect that this 'Labour' Government has any principles?

Heinz Geyer, London, UK

It is a fact that every Labour government has eventually gone bust. This lot are looking at any and every means possible to raise additional money - nothing is sacred, until there is a backlash when they panic and the inevitable u-turn is made.
Out of ideas, and will soon be run out of Office.

Glenn, wales,

Why on earth don't these silly people consult BEFORE they make announcements? They lay themselves open time and again to charges of stupidity and climbdown because they are arrogant in thinking that they know best.

Julian, Salisbury, UK

The Government can tax the individual without it hurting their individual pockets. They have NO idea of the cost of living as most things they buy are deemed essential and can be paid from allowances. Even small things like Taxi fares for a trip to the local restaurant don't require a receipt!

Alan, Cheltenham, UK

Oh thats rich, big businesses are able to make the government do a U turn on a ridiculous policy, while us, the poor public are getting retrospectively car taxed. just who is working on the behalf of who, in this relationship ? The sooner this crooked government are gone the better.

Julian Walters, ARBROATH, UK

By my calculation the next tax will be put on food.

Cromwell, Leeds, England

Laurel and Hardy.

Gareth, London,

Only an American could think that capitalism is a social system. It is an economic system whose only obstacle to success is humanity. It is only useful when it serves society, and not the other way around, which is true of all economic and political systems. Ask your Forefathers!

DAB, Tayside, UK

Bad reporting. You say BAT paid no UK tax. This is because it was taxed on its worldwide activities in other countries. The money comes into the UK already taxed, hence no more UK corporation tax. UK then takes its cut when that money is given to the investors, through income tax. No problem.

Pete W, Bristol, UK

Another U turn to save their skin

CHRIS , Birmingham, uk

So what new tax will Labour think up for the working population to pay to replace the whole this u turn has left?

We haven't had a sunshine or fresh air tax yet...

It's time this AD and GB were in open dock to answer questions regarding the whereabouts of the billions of taxpayers money wasted

Phil, Rugby, England

Where does all the tax money go ?
Why in settlement of MPs fraudulent expenses claims and civil servants unfunded and index linked pensions of course.
But we must look after the poor dears musn't we?

Stephen green, Correns, France

Yet another Government about turn. Several tails are wagging this dog and what a mangey old dog it is. It's about time that Brown and Darling took themselves for a long walk.

Edmond, Rayleigh, UK

The global wealthy individuals and business can dictate their own terms but the rest of us are targeted in our homes with far higher taxes to pay for the burden of the State. We need to slash public expenditure and work internationally to nail down global wealth so that it makes a fair contribution.

Steve Marchant, Broadhempston, UK

Sounds as though Brown will have to cut his cloth rather severely: he was the one who wasted to good years and state expenditure bloomed, rather than being prudent. Give decent state pensions and let's get off the benefit culture

William, London, UK

I always though the principle of 'normal' government was evolve an idea/strategy, review its likely impact, then launch if workable/beneficial.The Brown approach is clearly 'dream it up' overnight, launch within a month, cause uproar and damage, then finally launch a review if enough folks complain!

Don, Hartford, UK

Like 90+% of the UK's real wealth creators, I run a small company facing unfair annual increases in Corporation Tax.Where does this Government expect to bleed revenue from when we have all emigrated or gone bust? I don't suppose they'll care when they're fixed up with overpaid non-jobs in Brussels.

IAN PAYNE, TELFORD, UK

Its the 10p tax rate that they need to back down on if they want to stand any chance at the next election.

stephen hulton, eure, france

Every time I read an article detailing yet another Labour economic mistake, there is a picture of Darling smiling in apparent satisfaction. Is he really such a fool or this some press in-joke?

jon livesey, Sunnyvale, CA/USA

labour has chased off the support of the public because of taxation and now they are chasing off the support of business because of taxation. they are an enormous liability to this country and in all seriousness...where does all of this tax money go? to the enormous welfare state? any guesses?

James, London, England

Our government may well not believe in capitalism, but they are very good at spending their gains from it.

Martin, Newmarket, Suffolk

Turns out that ones essential characteristics are more or less difficult to conceal. The party in power at this time do not believe, right down in their gut, that capitalism is a sound social system. Heh thats it in a nutshell. As we love to say, 'Have a nice day'

wpo, Warsaw, N.Y.