The Times reports that Lord Jacobs has quit the party to sit as a crossbencher on the grounds that the party’s position on tax does not include tax cuts for the rich, paid for (if Lord Rennard is to be believed) by a 6p hike in NIC. Despite Sam Coates’ best attempts to dress this… Continue reading Lord Jacobs becomes rightwingers’ new poster child
Tag: tax
The return of clear blue water? I’m bored already
As regular readers of this blog will be able to testify, whenever I say nice things about the other parties, it always comes back to bite me in the bum. So it was that I backed Caroline Spelman and Ray Lewis, shortly before it became clear their actions were indefensible. And last weekend I wrote… Continue reading The return of clear blue water? I’m bored already
Cutting tax is not a zero sum game
I’m cautiously optimistic about the rumoured plan of a 2.5% drop in VAT. It sounds like a good move to me, for several reasons. One thing a VAT cut won’t do is lead automatically to a reduction in prices. Most food isn’t VAT-rated and it is hard to believe that a CD priced £9.99 this… Continue reading Cutting tax is not a zero sum game