The Tory proposal for savings reform is clearly very different from Labour's children's tax credit, but the two tax pledges have this in common: they do not invite higher-rate income taxpayers to the party.
When the Spanish Prime Minister Mariano Rajoy met with French President Francois Hollande in Paris yesterday, they discussed banking union pledges seemingly designed for the ears of the German Finance Minister Wolfgang Schaeuble in regards to honoring commitments for common regulation.