Pro-tax fanatics the Tax Justice Network got an inordinate amount of coverage today for their report claiming that a “global wealth tax” which copies that of Spain would raise £1.5 trillion. Spain’s applies to those who own assets over €3 million and can go as high as 3.5%. The tax was implemented in 2022 and raised a measly €632 million…
Along with fawning coverage from the usual suspects, the BBC had a representative from the campaign on this morning for a soft-touch explainer in which he was allowed to promote his agenda without substantial pushback. The report itself dismisses the obvious fact that people will leave if you implement a wealth tax as a “myth.” Helpfully ignoring that in 2022 Spain had net external migration of 727,000 – the highest in 10 years…
Naturally the Green Party jumped on the crank proposals to demand a replica in the UK. Wealthy Norwegians left the country after it imposed a wealth tax. The same goes for China. Sweden abandoned its wealth tax after it destroyed revenue. Spain’s combination of personal capital income taxes and wealth taxes is now resulting in marginal tax rates above 100% – which means that, by saving, the value of wealth shrinks. Literally crushing growth…
Rebecca Long-Bailey is continuing to rage from the backbenches, this time about… housing proposals. The erstwhile “Northern Powerhouse” has fired off a letter to the Salford planning department to protest against plans for the regeneration of a run-down retail park in the local area. A dastardly £1 billion investment to build homes, a new park and a playground…
3,300 homes would be built with the investment. Long-Bailey issues the classic NIMBY complaints that the buildings wouldn’t contain enough affordable homes and that plans are “not in keeping with the local character and distinctiveness of the area.” This is the “Local Character and Distinctiveness” that Long-Bailey is fighting to conserve…
Meanwhile 770 kids are living in temporary accommodation in Salford as blockers force housing costs up. Any way to oppose the Starmerites…
With the release of the first register of MPs’ interests of the new parliament, Labour is under the spotlight for its union connections. More than half of the Starmy Army took donations from unions totalling £1.8 million since the general election was called. Unions aren’t the only parties interested in keeping wide-eyed Labour MPs sweet, though…
Michelle Welsh, Labour’s new MP for Sherwood Forest, apart from claiming to work 145 hours per week (four times higher than a normal working week), took £10,000 from solar developer Elements Green to fund her election campaign. Would that have anything to do with the huge (and unpopular) solar farm it is building on her doorstep?
Elements Green are constructing a 7,000-acre solar farm around entire villages in the local vicinity all while getting busy sponsoring council-run events in the planning area. Make hay while the sun shines…
A new Ipsos poll proves grim reading for Labour, as a whopping 52% of Britons now believe the country is heading in the “wrong direction” under Starmer’s leadership. Hardly a shock, given that since Labour took the reins at Number 10, the UK has has been burdened by riots, strikes, and the looming threat of eye-watering tax hikes…
The usual honeymoon period a new Prime Minister enjoys certainly didn’t last long for Starmer, as his net favourability now flatlines at 0 — a 7-point nosedive since he first took office. Meanwhile, his Cabinet isn’t too popular either, with Rachel Reeves at -8, Yvette Cooper at -5 and Angela Rayner at -3. Things can only get worse…
Starmer has generally made a decent effort at holding back the nuts pro-Kremlin wing of his own party – and has so far navigated an apparently supportive policy on Ukraine. Over the weekend, however, Volodymyr Zelensky swiped hard at Starmer – saying British support was “slowing down”…
The Ukranian leader said:
“Unfortunately, the situation has slowed down recently… we will discuss how to fix this because long-range capabilities are vital for us. The whole world sees how effective Ukrainians are – how our entire nation defends its independence…”
Starmer has refused to allow UK manufactured Storm Shadow missiles (with a range of 190 miles) to be used inside Russian territory for offensive purposes during the latest series of Ukrainian incursions. UK kit like the Challenger 2 tank has, however, been used on Russian soil…
In order to unlock the use of the decisive weaponry, both the UK, France and the US must sign off on the plan. The White House yesterday denied reports that the US was blocking an ask from the UK for the use of the missiles to be approved, saying no such request had been made. So Starmer has not picked up the phone to Biden about it – why the delay?
The Home Office says that 492 migrants arrived on nine small boats on Saturday, which brings the seven-day total to a record high of 1,427 under Starmer. 19,066 have arrived in total this year…
Labour has failed to hire a Border Security Commander to ‘smash the gangs’ after getting the snub from ex-terror cop Neil Basu and offering to pay whoever takes the job a hefty £200,000. Meanwhile, immigration has returned as the top issue for the country for the first time since 2016 according to Ipsos‘ tracker. Not going away…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”
