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I wonder what the weather is like on Planet EU?

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Via Open Europe: The European Commission will next week propose that the budget for the European Union in 2012 should be increased from its current level. The proposal will set in train a prolonged period of wrangling between the Council of Ministers and the European Parliament, over both the total level of spending and the allocation of the budget to specific policy areas. As ever, our EU overlords appear to be on a different and quite remote planet. You can read […]

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ConservativeHome’s Platform: Steve Baker MP: We must robustly and resolutely condemn fraud and error in the EU budget

The House should adopt a clear statement that it will not accept high levels of EU misspending. Taxation in this country remains the prerogative of the House of Commons, and so does payment to the European Union. Such a statement would not be without resonance in Brussels; while they may usually treat Westminster as, at most, a mild irritant, the Eurocrats know deep down how dependent they are on UK money. via ConservativeHome’s Platform: Steve Baker MP: We must robustly […]

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A smaller budget for the EU please

I chose tonight to support Douglas Carswell’s modest and conservative amendment to the draft EU Budget Bill: Line 2, leave out from ‘2011’ to end and add ‘is concerned at the above-inflation increase being made to Britain’s EU budget contribution; believes that, at a time when the Government is poised to make reductions in public spending elsewhere, it is wrong to increase that contribution; and calls on the Government to reduce Britain’s EU budget contribution’. This amendment was not successful. […]

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David Cameron: My radical plan for Britain’s armed forces – Telegraph

Via David Cameron: My radical plan for Britain’s armed forces – Telegraph: Taking full charge of the issue for the first time, the Prime Minister disclosed that more Chinook helicopters would be made available for British troops in Afghanistan. Speaking to The Sunday Telegraph on the eve of the Tory party conference, he pledged that Britain’s Armed Forces would be given “everything that they need” to fight the Taliban. Even after key spending decisions were made in the coming months, he […]

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More on the IFS’ budget analysis

Via The TaxPayers’ Alliance – Economics 101: The IFS spreadsheet doesn’t tell us what policy choices are best for the poor: Suppose you invented a policy, some kind of economic miracle, which doubled the incomes of the poorest ten per cent of families without the Government spending a pound.  That would reduce benefit spending.  It would also increase tax revenues from the poorest.  The same method that the IFS are using in their reports would show the effects of that policy […]

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On the IFS’ budget analysis

“It is not clear how you would go about working out how much better off a household is from not having a Greek-style meltdown,” said Mr Browne. via FT.com / UK / Politics & policy – Equality fears add to Budget woes.

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Summary of the week – 27 Jun 2010

Highlights from the past week: On Monday, I attended the beginning of Armed Forces Week in Wycombe. Budget statement on Tuesday by the Chancellor. I spoke in the debate receiving a warm reception from Prof. Kevin Dowd on the Institute for Economic Affairs’ blog. The first Cobden Centre Austrian School Seminar began at the Institute of Economic Affairs. Wednesday saw a major post-budget event by the TaxPayers’ Alliance and the IEA, followed by lunch with Secretary of State for Health, […]

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It’s worse than I thought

Professor Kevin Dowd blogs my speech in the budget debate for the IEA: By far the best contribution to the parliamentary debate on the Emergency Budget was by the MP for Wycombe, Steve Baker. Using impeccable analysis and respected (ONS and Bank for International Settlements) data sources, Mr. Baker painted a frightening scenario in which the fiscal policies of western governments are unsustainable, and were even before the recent crisis erupted. If you dare, read more here.

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George Osborne: The bill for a decade of irresponsibility

From conservatives.com: George Osborne said the Pre-Budget Report represents “the greatest failure of public policy for a generation” after Alistair Darling announced plans to double the national debt to more than £1 trillion. George, the Shadow Chancellor, described the report as a “Tax Bombshell Budget” and stressed that a debt of £1 trillion was “the bill for Labour’s decade of irresponsibility”. “It is confirmation of the time-old truth that, in the end, all Labour chancellors run out of money and […]

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