Those departmental cuts in full
Those departmental cuts in full
tax
Spending Review: George Osborne’s pensions conundrum
The government – correction, any future government – is facing an increasing conundrum over what to do about pensions. Despite the hoo ha over today’s Spending Review, the announcements the chancellor will make today will only apply to a small proportion of total spending.
Across the nations the message is clear – It’s time for the chancellor to change course
Ahead of the chancellor publishing the Spending Review, the likes of which he never intended to make, across the nations the devolved governments are clear.
It’s not that the cuts aren’t deep enough already, it’s that the economy has barely grown
The chancellor will announce £11.5 billion pounds worth of cuts today because the UK economic recovery is the slowest for 100 years.
Rather than only publishing the names of benefit claimants, how about full blown Swedish-style tax transparency?
Why should transparency only apply to welfare claimants when even those who rely on a private income have relied upon the state in some way to support them at some point in their lives?
How can a company go bust owing £58 million in tax?
How could that have happened? How could HMRC have reached the point where it cannot chase that much tax? How limited are resources is this is the case?
Has anyone else woken up this morning with a G8 hangover?
Has anyone else woken up this morning with a G8 hang-over? Maybe it’s just me? Maybe I drank too much of the Kool-aid but weren’t we expecting a bit better than this?
The OECD says there are vast amounts offshore – and that can only be with the knowing assistance of the world’s big banks
The OECD issued a new report overnight for the G8. The subject is automatic information exchange – the theme of today’s G8 summit.
Cutting top rate taxes makes the rich richer. And that’s it
So, cutting taxes just makes the rich richer. And that’s it. And since we know inequality harms society these tax rates, it follows, are harmful to us all – the rich included.
For those who argue people are overtaxed in the UK and will run away if rates aren’t cut
This table has just been published by the OECD and shows the “tax wedge” taken from employment earnings for all 34 OECD countries.