We cannot be the tax cutters we were in the 1980s because we are now an older country than we were then.
Posts Tagged: Income tax
Ryan Bourne: For Sunak, cutting the basic rate of income tax shouldn’t be a political priority right now
The Chancellor’s team reportedly wants to cut it from 20 per cent to 19 per cent in 2023. Here’s why that wouldn’t be a good idea.
Many Tories are alarmed by the tax rises recently announced by the Government, and will be looking for reassurance from Sunak.
Richard Holden: The Chancellor’s coming Budget should cut high marginal tax rates. More work should mean more reward.
A basic rule of thumb comes to mind and seems universally accepted: you should be able to keep at least half of every extra pound you earn.
David Gauke: Sunak’s options for a Budget windfall. Lower debt, tax cuts and higher spending. Which will he choose?
The Chancellor will have have more money to play with than was forecast. How he uses these additional resources will tell us a great deal about his priorities.
Johnson, Sunak, tax and spending. The former strains to soar skywards. The latter keeps tugging him back to earth.
Conservative governments can raise tax rates temporarily as part of a clear plan – which wasn’t the case with last week’s announcement.
It would help to level up places struggling to keep pace with the UK’s most prosperous locations.
The problem is that spiralling spending demands quickly use up the options which voters don’t notice. Eventually you need other big sources of revenue,
The Conservatives should think about the implications of what would happen if Labour got serious on this issue.
The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.
We need to have a debate about which taxes are least damaging to economic growth. Over the long term, corporation tax ranks as being one of the worst.
Dale’s new volume of brief lives of all 55 Prime Ministers since 1721 brings only some of them to life.
David Gauke: Next week’s spending review – and why our holiday from spending restraint is coming to an end
Plus: Johnson’s sub-optimal Brexit trade deal choice. I’m not dreaming of a normal Christmas. And: green jobs – overall, a cost not a benefit.
My objective would be policies to help achieve growth in real Government revenue, and growth in labour productivity.
Javid delivers the Budget he never got a chance to – via the Centre for Policy Studies. He wants to go for growth.
It’s a good thing for former senior Ministers to keep thinking, going and contributing, and we wouldn’t be surprised to see a comeback to government.