The government has agreed to waive taxation on an elite group of highly paid entrepreneurs, businessmen and entertainers.  Footballers, that is.  If Wembley gain the Champions League final in 2011 then no tax will be chargeable to overseas players and we must assume club staff.  Logic says that the same will apply to overseas athletes at the 2012 Olympics

As pressure mounts on the government it seems increasingly likely that the Treasury’s plans to further ensnare more conventional businessmen into its net may also have to be watered down.

“Whew!”, they must be saying in the bowels of the Treasury, “thank God for the middle classes.”