A day like today is not a day for false dichotomies, we can leave those at home. But governments generally face a simple choice when it comes to raising money, between broad-based taxes (e.g. income tax) or granular (e.g. inheritance tax threshold changes for farmers). Both have their advantages and disadvantages, as is being played out in real time today on the streets of Westminster.
Yesterday's newsletter was not especially favourable to the idea that this is about threats to food security. Britain is not and has not for centuries been self-sufficient in food production. Farmers are protesting about a change to their tax affairs, as is their right. But that is not to say that I am much sympathetic to the position in which the government finds itself either.
