In an interview with The Daily Telegraph to-day, reports political editor Andrew Porter, Boris Johnson, Mayor of London, expresses himself shocked by the levels of income tax, saying he never thought he would see the day when other large European countries had lower rates of personal taxation than those in Britain. He fears this high taxation is harming her competitiveness.
In the face of criticism that high taxation is harmful to Britain’s global competitiveness the Prime Minister and the Chancellor of the Exchequer have been vague in assuring critics of their intention to lower it ; Mr. Osborne has refused to cut the 50-per-cent. rate on highest incomes — instituted by the Labour government — despite being urged that, although it acts as a disincentive to the entrepreneurial creators of jobs and economic activity, it generates little extra revenue for the Treasury.
Continue reading Boris urges Chancellor, “Explain how you will cut taxes ?”
… ending 25th. September 2010
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As he accepted the leadership of the British Labour Party at its annual conference Ed Miliband said —
“I get it and I understand the need to change. I need to unify the party and I will.”
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Continue reading Quotes of the week …
We should worry that Tracey Emin, Hugh Osmond and Michael Caine are fleeing the 50p tax rate
The 50p tax rate will be a disaster for the economy – taking us back to the dark days of the 1970s, says Boris Johnson.
Not everyone will miss her as much as I will. Not everyone can relied upon to mourn the departure of Tracey Emin and her duvet. You may have seen that the gorgeous Britart supremo is off to France. She has had it with Britain, says the woman who famously embroidered a tent with the names of everyone she had ever slept with, and was shortlisted for the Turner Prize.
Some readers may feel that the country can rub along without her. Take up thy tent and walk, they may say, in the words of the gospel. And then there may be people who don’t give a monkey’s that Michael Caine is thinking of vamoosing, or that we are about to lose Eddie Jordan, the former Formula One chief, or the milk tycoon Lord Haskins. Some of you may not care a tinker’s cuss if the former bookshop king Tim Waterstone deserts these shores, and as for the impending absence of Hugh Osmond, an entrepreneur who has had a role in everything from pizza to insurance, you may feel that we just have to dry our eyes and get a grip on our feelings.
Continue reading The 50p Tax is driving people away
So here we go again. The battle lines are drawn, and how numbingly predictable it is. For the next 11 months we are fated to endure a necrarchy, a zombie government – and a brain-dead argument about public spending. […]
I want to hear politicians talk less about themselves and their priorities and more about the entrepreneurs, the people who get up at 5am to organise their business or cut deals with the other side of the world. Every time you hear politicians swanking about what they are going to do with public funds, remember that wealth was ultimately created by private enterprise; and, if they don’t help the wealth creators, they won’t have any money to spend.
[The full article can be seen as first printed in the Daily Telegraph on 15 June 2009]
With record levels of debt, this Government returns to raising taxes echoing the: “….Last scene of all, That ends this strange eventful history, Is second childishness and mere oblivion; Sans teeth, sans eyes, sans taste, sans everything.” (Shakespeare, “As You Like It”, Act II, Scene VII)
When you have to watch someone die, one of the most distressing things is the period that Shakespeare called a second childishness. As a patient enters the final stages, he may suddenly start speaking of mummy, babbling nursery rhymes or talking a foreign language that he forgot at the age of four. The patient may be suddenly rude, irrationally angry or jealous. It is as though all the decades of acquired behaviour and education are melting away, to reveal the juvenile instincts beneath. Continue reading Tax rise a Shakespearean return to childhood
Isn’t it time Gordon Brown stopped the FTSE stampede?
Whoa there. Hold your horses, folks. The rustle of alarm is turning into a scuttle, and the scuttle is turning into a drumming roar of feet in flight. As the economic position gets worse, it is reported that this country is starting to see some notable departures.
Is Peter Mandelson and his business nous our only hope? Continue reading Peter Mandelson: make London more competitive, not less
Treachery, thy name is Edmonds. After decades in which his hairy chops have been clamped about the hind teat of the BBC, Noel Edmonds has announced that he will not pay the licence fee, and I can imagine that some people will declare him a hero. Continue reading BBC Licence Fee