http://www.solearabiantree.net/namingofparts/namingofparts.html

“Gas and Electric 5%- Futility Tax”

Fantastic.

Yes, I agree it has been fun. But, I also, would like to hear the answer to the question, what *are* the conservatives going to do about it?

The other day, Mr Redwood you urged the new Conservative councilors to ‘be bold’, I agreed then. Now it is (long past) time for the Tory leadership to be bold too.

We are currently witnessing numbers of companies relocating to Ireland because of tax, the opposition policy on non doms was to tax them to pay for the cut in inheritance tax - I thought that a cowardly policy at the time, and I still think it so.

If companies are leaving for tax purposes, clearly non doms could do so too. PLOP! down the drain goes the Tory policy on inheritance tax.

Inheritance tax is wrong, an individual who has worked (or not) and accumulated his *legally* obtained wealth and paid his tax dues during his life time should be able to pass his wealth on to whom ever he/she wishes without interference from the government.

Simply abolish inheritance tax!

Likewise, tax on savings interest. Surely facing a credit crunch, we ought to look at ways to encourage saving, taxing the interest is a policy designed to discourage saving.

Abolish tax on interest for individuals - actually, for UK domiciled corporations too!

The Tories should be “sending the message” (I hate that phrase) that is is good to take responsibility for your own financial welfare, encouraging people to do so, and unashamedly *sticking it* to the socialists on their ground of fairness and equality.

In the United Kingdom the only place you need equality is before the law.

“Fairness” is a matter for individuals to measure, not governments.

We *know* incentives work better than penalties.

Abolish the whole Brown tax credit system, and raise the personal allowance across the board to £10,000, index linked.

Here is a bold suggestion, zero rate the UK for VAT. Since VAT goes straight to Brussels, it would have no effect on the UK governments revenue.

Reply: I set out my views on lower business taxes in the Economic Policy Review, and on personal taxes in Singing the Blues.

One of the biggest lies NuLabour perpetrated was, when they took over in 1997, that the “Iron Chancellor” was responsible, after Black Wednesday, for reforming the economy.
Under Ken Clarke, Britain was booming. So it was under the first two years of Blair.
It is a flat lie to say that the Labour government has been the best custodian of the economy this past century or whatever. Talk about pigmies on the shoulders of giants!