The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.
Posts Tagged: Income tax
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.
Robert Halfon: There must be no tax rises for lower income voters to help meet the costs of the virus
No fuel duty rises, self-employed taxes, income tax rises, more taxes on food and drink – and the like.
Whether moderate right Conservative, or moderate left, austerity is dead, and this new age will be with us for a long time to come.
Some form of the scheme may be necessary as an expedient. But beware: nothing lasts so long as the temporary.
The Chancellor’s statement. A firm second step – but he must go further to deliver “whatever it takes”.
The most significant part of his announcement was talks with employers and unions “to urgently develop new forms of employment support”.
The economy and the virus. Tear up the rulebook – we need Big State Government on a scale unknown in modern times.
The implications of the crisis are such that Johnson and Sunak need not so much to think outside the box as to trample it to tatters altogether.
In the first piece of a mini-series, our guest author also argues the Government should look again at IR35, and make it more worthwhile to work.
Cameron’s memoirs offer a hint of where the occupant of Number 11 may look to raise property taxes instead.
As the Prime Minister said, many people have lent us their vote, and they won’t be so generous next time if we get it wrong.
Tom Clougherty: Unless Labour resorts to printing money, higher income tax, NI or VAT are coming – for the many, not the few
That’s a legitimate political agenda, and people are quite welcome to vote for it. But they deserve to know what’s coming.