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The net saving is £10 billion

Various lower estimates for the UK’s saving from leaving the EU have been put about. Let me remind people where the £10 billion figure comes from. It is the last official ONS figure for a whole year, 2014, published in the Pink Book. It is based on the following figures:   UK payments into...

Pain for gain? The £176.8 billion tax hike

I was glad to hear this morning that the Conservatives intend to inject some hope and optimism into the government’s narrative. You can overdo the dire warnings about cuts to come, especially when the plan is to increase public spending each year for the next five years. If they do announce difficult cuts in...

Article for Wokingham Times

When 250,000 people march in Central London to complain about cuts the government should listen, and should engage with their leaders in a sensible dialogue. There are many things I felt I wanted to say had I been invited to talk to them as Mr Miliband was able to do. I would have started with...

Taxing whilst promoting growth

Most people’s definition of the rich is someone better off than themselves. The millionaire feels poor in the company of billionaires. Clearly, someone who has a decent home they own and sufficient invested capital to  be able to pay their bills for the rest of their lives without needing to take a paid job...

Tax is taxing

                 There has been a sudden surpising worry by some that the VAT rise in the UK in January will reduce growth next year. The official confirmation of this from the OBR should not be a great or new revelation.The point is the growth rate is unsustainable given the very  high level of...

“You too can quango”

We are lucky today to have a copy of Dame Lucy’s reply to Dr Spendlove: Dr Roy Spendlove Division for Miscellaneous Projects Whitehall SW1 Dear Roy,              Thank you for your letter. You seem to be doing excellent work to ensure full compliance with best practice and world procurement standards. I do think you...