#10: “Pre-decimalisation, then, unless you’ve got very small eyes.”
Well, yeah. Decimalisation was 1971. Revolver was 1966. More pertinent is the fact that the top rate of tax really was nineteen shillings in the pound (95%). It scarcely seems possible today, but effectively all income above a certain level was confiscated by the State. That the long decline in Britain’s fortunes was arrested and then reversed during the Thatcher era was not unrelated to the fact that such swingeing levels of taxation were abolished. Even the catastrophically incompetent Gordon Brown has thus far overseen a rise in tax to only half that of the Wilson regime.




















