John Redwood recently took the politics of expansionary austerity to new heights of unbelievability when strategically misunderstanding why the reduction in the UK's top rate of tax from 50% to 45% coincided in its first year with increased overall tax revenues.

http://politicsatwarwick.net/2014/04/14/fallacy-of-expansionary-austerity/

Re-posted on April 17th 2015 on the Tax Justice Network's Fools' Gold blog: http://foolsgold.international/competitiveness-myths-and-expansionary-austerity/.