Vince Cable's U-Turn On Scottish Corporation Tax

"I think the logic of that is irresistible, if you have a devolved system. If you want power, then you have to have the responsibility, and the responsibility goes with making fiscal choices, and fiscal choices involve not just spending a block grant, which is what happens at the moment, but making decisions on how to raise revenue".

So says Vince Cable the Government Minister in charge of Business talking about devolving Corporation Tax to Scotland. Calman rejected the idea so it does not appear in the Scotland Bill. So Mr Cable has been slapped down again by George Osborne. This London Government is all over the place.

http://www.newstatesman.com/blogs/the-staggers/2011/05/inflation-problem-cable