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305. QE could fund a £20bn tax giveaway - Telegraph

The Government could fund a £20bn tax giveaway to boost growth next year by releasing the profits made by the Bank of England's money-printing programme, a leading economist has suggested.
URL: http://www.telegraph.co.uk/finance/economics/9476069/QE-could-fund-a-20bn-tax-giveaway.html - 83KB - 15 Aug 2012
Excerpt: economics qe could fund a a 20bn tax giveaway the government could fund...

306. Welcome back to Britain - and politics-for-morons The Tory Diary

I return from a week in Poland to find Chuka Umunna declaring that voters deserve to know whether Ministers are benefitting financially from the budget's abolition of the 50p rate.This is standard political fare, but after a period away from British politics one looks at it - or at least I will for a while - in a fresh way.You can't say Chuka hasn't nailed down the main point! Osborne obviously cut the rate just to have a bit more cash in hand (not that he really needs it). Aiding the economy, boosting growth, doing his job and concern for the public good had nothing to do with his decision.The effect on Harriet Harman and other millionaires in Labour's Cabinet is obviously irrelevant. As are tax arrangments for Chuka's own family home.
URL: http://conservativehome.blogs.com/thetorydiary/2012/04/welcome-back-to-britain-and-politics-for-morons.html - 57KB - 09 Apr 2012
Excerpt: is obviously irrelevant as are tax arrangments for chuka s own family...

307. The German surplus

Let us talk today about the German surplus. There it stands, enormous, giving Germany a great sense of achievement and power. No wonder so many Germans want to keep the Euro. They associate it with high levels of exports throughout the EU, and rising cash balances as they seek payment for their goods.In 2010 Germany exported 179 billion Euros more than it imported. 60% of its exports were to the rest of the EU.It leads Germans to say to other Euro members, you can be like us. Work as hard as we do, set realistic wages, and you too can have a surplus like ours.The German surplus is matched by the southern states’ combined deficits. Portugal, Greece, Spain, and Italy had a combined deficit about as large as Germany’s combined surplus. They like Germany do a lot of trade within the EU. They recognise that Germany has become more competitive than them. They want a way to pay for the goods they buy from Germany. They seek loans or grants from the surplus country to pay the bills. Germany is not keen to send them grants, and is trying to restrict the borrowing. The southern states are forced in to austerity measures, to curb their appetite for German products.
URL: http://johnredwoodsdiary.com/2011/12/07/the-german-surplus/ - 184KB - 10 Dec 2011
Excerpt: of the uk has high unemployment tax revenues from london and the south...

308. Green taxes will push energy bills up to £2,000: Ministers urged to lift 'dranconian' burden on...

By 2020, green charges and tax will make up £620 of the typical annual bill for gas and electricity, according to the Taxpayers' Alliance.
URL: http://www.dailymail.co.uk/news/article-2355195/Green-taxes-push-energy-bills-2-000-Ministers-urged-lift-dranconian-burden-struggling-families.html - 227KB - 04 Jul 2013
Excerpt: families by 2020 green charges and tax will make up 620 of average gas and...

309. Drivers pay record 81p to Treasury for every litre of fuel | Mail Online

A record 81p of the cost of every litre of petrol goes to fill the Government’s coffers, figures reveal today.For every 138.3p motorists typically pay per litre at the pumps, almost 59 per cent goes to the Treasury in the form of fuel duty and VAT, according to data obtained from the House of Commons Library.Campaigners said it showed the strain on the UK’s 33million drivers was already too great – and called for Chancellor George Osborne to further postpone next year’s planned duty increase.
URL: http://www.dailymail.co.uk/news/article-2228947/Drivers-pay-record-81p-Treasury-litre-fuel.html - 198KB - 07 Nov 2012
Excerpt: on the duty 8211 making it a 8216 tax on a tax 8217 drivers of diesel...

310. George Osborne accused by Tory MP of running the UK 'just like' Gordon Brown - Telegraph

Douglas Carswell, the MP for Clacton, has written an article for The Daily Telegraph’s website in which he demands that the Chancellor gets the economy “back on track” by making major tax cuts, liberalising planning laws and scrapping five Whitehall departments.It will pile pressure on Mr Osborne, who has recently faced rumours of a parliamentary plot to oust him.Mr Carswell said he does not think that the country needs a new Chancellor, but that Mr Osborne needs to dramatically change course in order to turn around the flagging economy.In a major criticism of Mr Osborne’s leadership, the backbencher warns that Britain’s finances are not currently being hurt by the eurozone crisis as much as they are being impacted by “public policy made at home”.Describing Mr Osborne’s current approach as “Osbrown economics”, Mr Carswell said “the Coalition has followed pretty much the same trajectory Labour was planning had they remained in office”.
URL: http://www.telegraph.co.uk/news/politics/9858380/George-Osborne-accused-by-Tory-MP-of-running-the-UK-just-like-Gordon-Brown.html - 72KB - 08 Feb 2013
Excerpt: back on track by making major tax cuts liberalising planning laws and...

311. The Treasury wants to look at 5% cuts across Whitehall

The news yesterday that the Treasury is asking all departments to draw up a contingent cut of 5% each is an interesting development. It only applies to about half of public spending, but is still a serious sum. The stated purpose is to have cuts available should the need arise to offset other increases in spending.Readers will know that I advised the government to spend around £30 billion or 5% less in the first year of this Parliament than they decided to spend. Where they put spending up by 5.3% in their first year I suggested keeping to a freeze. Thereafter I accepted their profile of percentage cash increases, though I would have preferred a slower rate of increase in Year 2 and Year 3 and a faster one in Years 4 and 5. That would have saved us at least an additional £150 billion of borrowing over the five years compared to the government’s plan. I thought if we had done this there was a chance of getting through without the need for further cuts, and with a better prospect of a private sector led recovery.
URL: http://johnredwoodsdiary.com/2012/04/24/the-treasury-wants-to-look-at-5-cuts-across-whitehall/ - 130KB - 11 May 2012
Excerpt: interest in how every pound of tax is spent as we have recently had in...

312. Going for growth – deregulation

Past governments and the present government speak the language of deregulation, but end up regulating more.Opponents always try to blame deregulators for whatever ills in society regulation was trying to cure. Sensible deregulators no more want fraud, credit bubbles, unsafe factories or bad employers than anyone else.There are two main issues. How effective is each regulation – does it really reduce the incidence of the ill you dislike? Is the cumulative burden of all the regulation tolerable, or does the burden in turn create worse ills like too few jobs and lower living standards?
URL: http://johnredwoodsdiary.com/2011/05/31/going-for-gorwth-deregulation/ - 107KB - 29 Mar 2012
Excerpt: rock press releases articles tax the rich more independent forecasts...

313. Sooner or later David Cameron will have to prove that he is a Conservative Prime Minister...

Sooner or later the Prime Minister will have to stop following the polls and focus groups and decide just where he stands. If he is against high pay, let him not just say so but bring in legislation against all those with incomes above some set level. He could either go back to Ted Heath’s statutory incomes policy of the early 1970s, or to Labour's 98% income tax – and see one company after another leave Britain for America, Hong Kong or Switzerland, or perhaps have a special tax on the top earners at banks. At least that would bring him more into line with French thinking on the Tobin tax.On the other hand, he could begin to defend a market system, which whatever its faults has been shown time and time again to be more effective in creating wealth and economic growth. He might even let Mr Pickles design some effective sanctions against the local authority fat cats who are still ripping off the council tax payers. Finally, that could be matched by new powers for shareholders (the owners of businesses) to check boardroom abuse by the men paid to look after the owners' interests.
URL: http://blogs.telegraph.co.uk/news/normantebbit/100135268/sooner-or-later-david-cameron-will-have-to-prove-that-he-is-a-conservative-prime-minister/ - 66KB - 29 Feb 2012
Excerpt: 1970s or to labour s 98 income tax 8211 and see one company after...

314. The state pension fund 'will run out of cash next year': Amount handed out to future generations...

State pensions handed out to future generations will be ‘derisory’, with cash reserves set to run out as soon as next year, a report has warned.A ‘serious flaw’ in the national accounts will leave the Government short of funds to pay pensioners within the next year, according to the Centre for Policy Studies think-tank.As a result, the Treasury will soon be forced to raid income tax receipts in order to keep up the payments, it said.An academic at the CPS warned that the research shows the current level of state pension is ‘unsustainable’.
URL: http://www.dailymail.co.uk/news/article-2787372/The-state-pension-fund-run-cash-year-Amount-handed-future-generations-derisory-thanks-flaw-Government-s-accounts.html - 371KB - 10 Oct 2014
Excerpt: will soon be forced to raid income tax receipts in order to keep up the...

315. Miliband is no saviour of the middle class - Centre for Policy Studies

Taxes and inflation are two of the key issues facing the middle class. Yet in today’s Daily Telegraph, Ed Miliband fails to propose any convincing ideas to cut taxes and consider the effect on the middle class of extraordinary monetary policy over the past 5 years. Proclaiming himself the saviour of the middle classes, he mentions jobs, housing, pensions and university education – in fact, anything but the two key issues affecting the middle class in the past 5 years.
URL: http://www.cps.org.uk/blog/q/date/2014/01/14/miliband-is-no-saviour-of-the-middle-class/ - 50KB - 14 Jan 2014
Excerpt: public services social policy sport tax simplifier us politics authors...

316. Shapps: We'll help you keep rewards of hard work - Telegraph

Grant Shapps warns that Labour would “screw your family's income” because Ed Miliband thinks people earning £40k “are wealthy and should be taxed more”.
URL: http://www.telegraph.co.uk/news/general-election-2015/11367992/Shapps-Well-help-you-keep-rewards-of-hard-work.html - 121KB - 25 Jan 2015
Excerpt: want to cut inheritance tax because it is the aspirational...

317. Rural families paying more taxes for fewer public services, say MPs | Mail Online

Countryside communities face inflated house prices and higher council tax bills compared to their urban counterparts, but receive less government funding for basic services such as schools.
URL: http://www.dailymail.co.uk/news/article-2375698/Rural-families-paying-taxes-fewer-public-services-say-MPs.html - 235KB - 24 Jul 2013
Excerpt: in the countryside pay more tax but get worse public services mps...

318. Tax breaks to kickstart the fracking revolution: Bid to make Britain world leader in new dash...

George Osborne is today expected to tell Parliament he is creating a shale gas allowance, based on successful oil production tax breaks. The new tax regime aims to create investment in shale gas of £14billion a year.
URL: http://www.dailymail.co.uk/news/article-2369786/Tax-breaks-kickstart-fracking-revolution-Bid-make-Britain-world-leader-new-dash-gas.html - 221KB - 19 Jul 2013
Excerpt: forecast email to a friend 0 shares tax breaks to kickstart the fracking...

319. Militax: Ed wants to pick your pockets to fund his party, says Michael Gove | Mail Online

Ed Miliband's bid to get voters to fund his party is immoral and will only benefit Labour's union backers, writes MICHAEL GOVE.
URL: http://www.dailymail.co.uk/debate/article-2401563/Militax-Ed-wants-pick-pockets-fund-party-says-Michael-Gove.html - 122KB - 25 Aug 2013
Excerpt: one so far as i can see 8211 is to tax more to pay for politics it has...

320. Cut spending faster, urges Liam Fox, and make room for economy-boosting tax relief The Tory...

In his most important intervention since resigning as Defence Secretary Liam Fox has issued a coded warning that the Coalition's deficit reduction strategy could be at risk if action is not taken to accelerate economic growth.In an article for tomorrow's Financial Times Dr Fox says the Chancellor has "created enough credibility with international creditors and investors to buy time" but, he continues, "there are questions that must be answered if growth is to accompany deficit reduction". He also appears to express misgivings about the long-term effects of Quantitative Easing. "There are issues of inflation and credit expansion," he writes, "that will need to be addressed in the longer term."He expresses concern at the capacity of UK industry to export to fast-growing emerging markets. Why, he asks, are British exports to Asia growing more slowly than countries in the Eurozone like Greece and Spain when sterling has fallen by 25%?The meat of his article, however, concerns cutting red tape and the pace of spending cuts. On deregulation he recommends more political courage:
URL: http://conservativehome.blogs.com/thetorydiary/2012/02/liam-fox-says-cut-spending-faster-and-make-room-for-economy-boosting-tax-cuts.html - 58KB - 22 Feb 2012
Excerpt: and make room for economy boosting tax relief by tim montgomerie follow...

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