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A summary of the Autumn Statement


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The Conservative Party’s summary of the Autumn Statement is as follows. Backing business all the way: Local businesses will benefit from a cap on business rate rises and an extension of rate relief. The increase in business rates next year will be capped at 2 per cent – businesses were expecting a rise of 3.2 per cent. We are also extending and expanding the doubling of small business rate relief, making more businesses eligible for it and keeping it up […]

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For City AM: It’s time to end the cruel delusion of cheap money and reckless spending


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City A.M. asked me to comment in advance of the Autumn statement. I wrote: GEORGE Osborne will present his Autumn Statement to a country in the grip of a cruel economic delusion, perpetrated against the poor and the aspirational. Welfare states everywhere are spending chronically beyond their means while papering over the cracks with easy money. Budget 2013 forecast spending in excess of receipts of about £9bn a month. Defence, criminal justice, local government and the Foreign Office have been […]

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I wish Vince agreed with Nick (and Nick stuck by his own principles)


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In his conference speech, Nick Clegg said, The Conservatives, on the other hand, have made it clear that their priority is to help some families over others, with a tax break for married couples. A tax break for some, funded through the taxes of everybody else – that tells you everything you need to know about their values. While making an argument in the Finance Bill Committee against tax privileges for favoured industries, I said, We should not say, “Actually, everybody […]

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Contributions to the Finance Bill Committee 2013


Budget 2013 has long been forgotten by the media but the Finance Bill implementing it returned to the House yesterday for report stage. From 23 April to 20 June, I served on the Bill committee. All Bill stages and documents may be found here. I made many contributions, including 25 April, 3rd Sitting – Support of the report of the 2020 Tax Commission 16 May, 6th Sitting – Equality in tax laws 4 June, 10th Sitting – An attack on […]

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Finance Bill Committee coming to an end today


Today is the last day of the committee stage of this year’s Finance Bill. Details of all stages may be found here. I confess I look forward to it being over. I have been on the Committee since 23 April, making a sincere attempt to scrutinise every clause and promote my constituents’ interests. I spoke frequently, often criticising measures for one reason or another. I have certainly learned a great deal of the detail about the state of our country’s […]

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