Taxation
EU’s €3.4bn for diplomacy is value for money
The Taxpayers’ Alliance, the right wing pressure group, has been dealing with EU questions with a report entitled “EU Diplomats.” […]
Osborne’s “progressive force” refuse to embrace progressive taxation
In his keynote speech at Demos titled “Progressive reform in an age of austerity,” George Osborne refused to embrace a […]
VAT increase to 20% would be “intently regressive”
Conservative plans to increase VAT to 20%, which have not been ruled out by their HQ, would be "intently regressive." It would mean that the poorest fifth of the population would spend a total of 13.8% of their disposable income on VAT, up 1.7 percentage points. This is more than double what the richest fifth would pay.
Public support tax increases
A Populus poll in yesterday's Times revealed that 60% of voters favour tax increases to help close the budget deficit despite a headline declaring that, "Voters back Tories over big cuts in spending."