Now and again I come across a sentence that reminds me why I love newspapers. This is from an article by Jonathan Freedland in the Guardian last Thursday:
To see Alistair Darling deliver his budget was like watching a man pushed from a sky-skraper window, falling calmly, even gracefully, as he somehow managed to remove his jacket, raise it above his head and tie it into a makeshift parachute. You couldn’t help but admire his ingenuity and optimism – but you still felt sure it was bound to end in a sticky mess.
I don’t know whether Mr Darling’s budget, or even the British economy, will end in a sticky mess, but one detail in the budget is bound to create at least a little bit of a mess for Manchester United and other PL clubs.
The budget included the imposition of a 50% tax rate on high earners (raised from 40%). Since a high earner is defined as anyone earning more than £150,000 a year, every first-team player in the PL falls into this category. This means that footballers will pay at least 5-10% more tax in Britain than in Spain, Italy and Germany. For a player interested in how much his pay-packet contains after tax, moving to, or indeed staying in, England therefore becomes a little less attractive.
The tax-hike comes on top of the fall of the pound that has already weakend the clout of English clubs in the transfer market, and is a more severe problem. Maybe the transfer window this summer will be a little less exciting than it used to be.