
For most of the last decade the government has trumpeted its economic record. Growth was steady. Prices were stable. Employment was rising. But there was a big problem. At first, the government thought it had solved it. In fact, all it did was bury the problem ...
Taxation
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"C'mon you guys and dolls," writes a reader. "This new letter and format sucks." Ouch! My correspondent wasn’t finished either, going on to add: "This world is slinking into a neurotic depression fast enough without you adding your bit, try and resist." I’d ...
Freedom!
It’s taken us almost half the year, but we’re finally free! Free from the shackles of state oppression!
No, I haven’t turned into a student communist. If you’re wondering what I’m talking about, today is Tax Freedom Day — the day when the average ...
Garry White’s in a fightin’ mood today. Just check out this quote from today’s Smart Commodities:
"Blair didn’t have the balls to make essential decisions that would have secured our energy future".
Or how about this one:
"When the government actually did ...
The credit crunch has hit the middle classes. That’s the apocalyptic news Britain woke up to this morning.
"Our services, with the credit crunch, are being overwhelmed by a whole new breed of debtor: middle class people" says Jamie Elliott of Transact, a ...
Dear Spencer Livermore
As you know, you are one of my closest advisors. I’m about to do the 2007 Budget, and I really want to get rid of the 10p tax rate. Only I’ve got this nagging doubt that it might be a very bad idea. What do you reckon?
Best ...
Make an illegal U-turn on a public road, and you’re liable to face a fine. But it won’t be anything like the levy Alistair Darling’s latest move has imposed on the public purse.
Darling has responded to the 10p tax row by raising the personal tax allowance by ...
Good old assumptions. They’re an economist’s best-friend. If the world seems too hectic or complicated — simply assume that it isn’t. Then everything will be fine.
But if we’re going to make assumptions, we must also be willing to test them.
One common ...
Usually it’s those nasty, unforeseen expenses that blow a hole in a budget. That burst pipe at the start of the month. The unexpectedly high car insurance quote. Anything that involves staging the 2012 Olympics.
But Alistair Darling’s woes are on the other ...
It seemed such a neat idea. The Government needed money, and there were all these British companies making a packet abroad, but not registering the cash in the UK. Fix the loophole, ran the logic, and hey presto! More tax revenues in the Treasury coffers. ...
Taxation
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