According to a CEBR Report for the Fair Fuel UK campaign: Our findings suggest that a 2.5 pence reduction in fuel duty would result in the creation of 175 thousand jobs within a year and 180 thousand jobs within five years of such a reduction. Such a reduction, we estimate, would […]
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National FairFuel Day – 7 March
We need your help in our continuing fight to persuade the Government to cut fuel duty on petrol and diesel. We are asking if you might be able to join us during the afternoon of Wednesday 7th March in the House of Commons? Read more via National FairFuel Day. I […]
Read MoreThe scandal of government dodging tax and employment law – in health
While consultants in the software industry have long had to worry about IR35 rules designed to promote employment and enforce higher tax rates, it seems the British Government previously chose to use just the arrangements it sought to stop. The Telegraph reports: Jonathan Baume, general secretary of the First Division Association […]
Read MoreThe average family pays £656,000 in tax over their lifetime
The TaxPayers’ Alliance (TPA) shows that the average family pays £656,000 in tax over their lifetime. After years of the state overspending and misusing our money we now have a greater idea of how far this legacy cripples the finances of British families. The TPA’s latest research shows the total amount of […]
Read MoreVia Detlev Schlichter: Deceits and delusions – Some thoughts on the euro-crisis and democracy
Anybody with any knowledge of economics should feel uneasy at the sight of a country where half of recorded economic activity is conducted by the state. Are such semi-socialist societies operable, and if so, for how long? Read the article via Deceits and delusions – Some thoughts on the euro-crisis […]
Read MoreAutumn Statement chart of the day: living beyond our means for years
Via the Autumn Statement, page 25, forecast Government receipts and expenditure through the Parliament as a percentage of GDP: See also this chart, showing how our national debt is forecast to increase as a consequence. The legacy this Government was handed remains a scandal.
Read MoreAutumn Statement chart of the day: tax and spending
The economic facts behind the Autumn Statement, in as far as they are known or forecast, are available in the Economic and Fiscal Outlook from the Office for Budget Responsibility. Table 4.7 provides forecast current receipts. Table 4.18 provides total managed expenditure. So, here’s a chart of current receipts (i.e. tax) […]
Read MoreAutumn statement chart of the day: public sector net debt
Via the Chancellor’s Autumn Statement (PDF), the revised trajectory of public sector net debt: City AM reported back in July on a poll that, asked whether the coalition would be keeping the national debt the same over the next four years, increasing it by £350bn or cutting it by £350bn. […]
Read MoreThe Autumn statement
Via HM Treasury, where all the key information may be found: Responding to the Office of Budget Responsibility’s (OBR) updated Economic and Fiscal Outlook, the Chancellor has set out details of further action the Government will take to protect the UK from global instability and the euro area crisis and build […]
Read MoreDebate on fuel prices
There has been a tremendous turnout today for the debate on fuel prices, with Rob Halfon leading, supported by Fair Fuel UK. I am delighted so many members are today pressing for lower taxes on behalf of constituents. Fuel taxes are a scandalous cash cow for the Treasury and it […]
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