Five things to expect from the Autumn statement
Heroic announcements on public service spending cannot detract from the reality of our economic situation.
Heroic announcements on public service spending cannot detract from the reality of our economic situation.
We need to show our anger about greedy corporates depriving our public services of investment.
Income tax receipts in particular have been weaker than expected.
Some of the tax cuts being proposed by the Tories and the Lib Dems sound good, but in reality they are highly regressive.
Right-wingers have been exalting the contribution of the UK’s richest 1 per cent to income tax revenue over recent months. However it’s worth looking at the detail behind these figures.
Away from the rarefied atmosphere of Davos, the reality of tackling inequality is not at all palatable to elements of the UK’s business community.
So did the 50p rate of tax – introduced by Alistair Darling in 2009 – really raise a “statistically insignificant” sum, as the Independent’s editorial put it?
Scottish Labour’s annual conference will this weekend consider calls for Holyrood to gain powers over all income tax in Scotland.
Mitt Romney’s run of self inflicted electoral harm continues. Yesterday Mother Jones released a video that revealed his opinion of 47% of voters: ‘There are 47 percent of the people who will vote for the president no matter what… dependenttest
Cormac Hollingsworth looks at how the fall in tax receipts will harm attempts to pay off the deficit.