Thursday, October 2, 2014

Osborne Cuts 40% Boundary Back to Brown Era Levels

2009-10-bandsGuido hasn’t seen this reported anywhere else in the news, the PM’s forward promise to move the 40% threshold up to £50,000 means that the rate will kick in at the boundary level last seen in 2009/10 under Gordon Brown. In 2009 the 40% rate kicked in after £37,400 of taxable income and under a Conservative government in 2020 after a decade in office it would kick in at £37,500 (£50,000 – £12,500). A move in the right direction of £100…

Confused? Well the threshold drag has been a hard-to-headline stealthy massive tax hike by this government. With no other deductions and no change in the N.I. rate – which Guido suspects will be abolished in a final Lawsonian type reform towards which Osborne is ideologically inclined – the net take home figure would only be improved by some £2,100 for a £50,000 earner in 2020 compared to 2010 – a 4.2% relief. Whereas someone on minimum wages making £12,500 in 2020 compared to 2010 will see nearly a 100% improvement in their net take home pay…

(Thanks to bean-counting co-conspirator Q97 for help with the sums.)

Wednesday, October 1, 2014

UKIP Trolls Lobby With Donation Damp Squib

Not content with inviting the press to a media reception in Doncaster and then making them pay for their own drinks, UKIP this afternoon dragged half of Her Majesty’s loyal press corp to Bristol only to disappoint them with a Thick of It-style non-announcement. Despite stoking rumours of another defection, in the end the press pack had to make do with Tory turncoat Arron Banks announcing he would be upping his donation to £1 million:

Not enough to knock Dave off the News at Ten, though a million quid will pay for a lot of posters…

UKIP Banks on Mystery Donation Figure…
…and Don’t Mention His Mrs and Mike Hancock

There is some bafflement in Tory circles this morning over from where exactly UKIP have plucked the quarter of a million pound figure for defector Arron Bank’s donations to the Conservative Party since 2005. A hungover scan of the Electoral Commission website by Guido shows only two donations of £25,000 from Banks to two Tory branches since Cameron became leader: Thornbury & Yate and Northavon, and no money to the central party. Which makes the £250,000 being punted on the news channels look a little iffy.

Leaving that aside this initial confusion while it’s investigated, what will Arron Banks’ new friends at UKIP have to say about his wife’s somewhat mysterious acquisition of the right to stay in the UK? Banks married Ekaterina Paderina in 2001, who regular readers will remember was a good chum of LibDem turbo-perve Mike Hancock:

“Miss Paderina came to Britain from Ekaterinburg in eastern Russia on a student visa in the late 1990s. In November 1998 she met and married Eric Butler a retired merchant seaman from Portsmouth, who was more than twice her age. Immigration officials were suspicious about the marriage and Miss Paderina was informed she could face deportation. But after seeking help from their local MP, Mr Hancock, Miss Paderina was allowed to stay in Britain, despite her marriage to Mr Butler allegedly lasting just three months.”

According to Paderina’s ex, Handy-cock “went out of his way to help the blonde Russian after she paid several visits to his constituency office.” Rather awkwardly for Banks, Hancock’s seat is very high up the list of UKIP targets that he’s now funding… 

UPDATE: UKIP sources are confident of the figure. They immediately point to an outstanding loan from 2007 of £75,000 from Banks’ Panacea Finance to the Thornbury association, as well as the £50,000 given in his own name. So that’s halfway there then…

Wednesday, September 24, 2014

Guy News Labour Conference Special: Money, Money, Money

Confused about how Labour are going to fund their latest spending plans? You’re not the only one. In this afternoon’s Guy News Labour conference special, the Shadow Cabinet try to explain where the money will come from. They don’t know either.

“In my dreams, I have a plan… If I had a little money…”

Thanks From the Indian Space Research Organisation

Success! British taxpayers will be delighted to learn that India’s mission to Mars is complete, with the Mangalyaan spacecraft orbiting the Red Planet last night. The Mars Orbiter Mission cost £45 million, or 6% of the £800 million in overseas aid Britain has sent to India since 2010.

Once again, the Indian Space Research Organisation would like to say thank you for all the money:

Not a bad time for UKIP to pledge a 90% cut in overseas aid at their party conference…

Tuesday, September 23, 2014

Labour Yesterday Pledged to Use Mansion Tax to Reduce Deficit
…Yet Today Miliband Says Money Raised Will Fund NHS

Both the BBC and Channel 4 News last night reported that Labour will pledge to pay for an increase in NHS funding with a ‘mansion tax’ on higher value homes. Last year Ed Miliband committed to spending the revenue raised from a mansion tax on the return of the 10p tax rate. And the 10p tax rate isn’t the only thing they have pledged to spend the mansion tax money on.

Just yesterday, Rachel Reeves told the Daily Politics that the money raised would go towards paying down the deficit. Fast forward to 1:30:

AN: “You’re inheriting a deficit of £75 billion.”

RR: “Child benefit is not the only thing that we’ve announced. The tax on properties worth more than two million pounds, repeating the bank bonus tax, increasing the top rate of tax back up to 50p, the winter fuel allowance not going to the richest pensioners, you add all those up, that adds up to several billion.”

Labour have now pledged to spend the mansion tax cash three times already. It’s the bankers’ bonus tax all over again…

Monday, September 22, 2014

Balls Can Spin, But Labour Numbers Don’t Lie

As Ed Balls takes to the stage to try and pretend that his party has an economic credibility, the facts just do not fit the rhetoric.

Only four per cent of candidates standing for Labour at the next election think Gordon Brown’s government spent too much money.

Even after he left the country in the worst possible position to weather a global economic crisis, 85% of the next generation of Labour MPs believe Gordon’s spending was “about right”.

Only one in 25 believes Labour was spending too much, despite claims by Miliband and Balls that they had learned their economic lessons.

The survey by ComRes for the Sunday Politics, and revealed in Guido’s Sun column yesterday, also finds that 7% think that Britain is too generous to immigrants. A stunning 89% think our current system of unrestricted immigration from inside the EU is “a good thing”.

So much for Ed Miliband’s admission that Labour had “got it wrong” on immigration.

UPDATE: There was nothing but silence on the fact that Labour were running a boom-time deficit from 2002, but some faux contrition from Balls in his speech.

“The truth is we should have regulated those banks in a tougher way. It was a mistake. We should apologise for it.”

“We should have had tougher rules on immigration from Eastern Europe – it was a mistake not to”

Shame the next generation of Labour MPs do not agree.

Tuesday, September 16, 2014

EXCLUSIVE:
Minister Funnels Expenses Cash to Firm Run By Former Agent

Energy minister Amber Rudd has channelled thousands of pounds of taxpayer cash to a Tory-linked company run by her former agent. Over the last two years Rudd has claimed £6,000 on expenses for “professional services” to organise several local jobs fairs in her constituency. The jobs fairs were organised by Events Office, a company run by Terri Lock, who is a Rudd’s former agent and a Tory council candidate in Hastings. Terri is married to Matthew Lock, former leader of Hastings Conservative group. Events Office seem to get a lot of business from the Tories, having organised a number of jobs fairs in the constituencies of other Tory MPs including Defence Secretary Michael Fallon and Charities minister Brooks Newmark.

Guido’s favourite Labour MP Karl Turner says:

“Amber Rudd has serious questions to answer about whether the rules have been upheld. There can be no question of funnelling taxpayers’ cash to cronies against the rules. I hope David Cameron will investigate the behaviour of his new Minister.”

Fishy…

Thursday, September 11, 2014

Nigel Evans Makes £21,000 From Post-Sex Trial Media Interviews

Cleared Nigel Evans was paid £21,000 for selling the story of his trial to the press. Evans is being paid £1762.50 a month until June 2015 by management company Exclusive Press & Publicity, in respect of three media engagements with the Mail on Sunday, Mirror and ITV. Following his not guilty verdict, Evans gave emotional interviews to the MoS, Sunday Mirror and ITV’s Daybreak. He says he spent three hours with each outlet, so it wasn’t a bad way of helping towards paying his £130,000 legal bills. If he’d been found guilty he would have got a column in the Guardian…

Wednesday, September 3, 2014

Charities Minister Warns Third Sector to Stay Out of Politics

A welcome move from the new charities minister Brooks Newmark, who has this afternoon launched a stinging attack on partisan charity sock-puppets:

“We really want to try and keep charities and voluntary groups out of the realms of politics. 99.9 per cent do exactly that. When they stray into the realm of politics that is not what they are about and that is not why people give them money. The important thing charities should be doing is sticking to their knitting and doing the best they can to promote their agenda, which should be about helping others.”

Predictably a minister daring to suggest anyone in the third sector might possibly do anything wrong has gone down like a cup of cold sick among charities themselves. Newmark is however making an important point and speaks from experience too, having himself set up his own charity in Rwanda. Guido has written previously on how sections of the third sector are stuffed full of Labour acolytes, spin for Labour and even write policy for political parties. Good to see the new charities minister is on board with the campaign to get charities out of politics…


Seen Elsewhere

Nick Clegg is a “W**ker” | Mail
Continuity Gove | PLMR
Sunday Mirror Should Be Applauded | Sandi Dunn
Hancock in “Labour is Full of Queers” Blunder | Scrapbook
In Farageland | London Review of Books
What About the Mums? | Kathy Gyngell
Tories Send Cameron Clear Message Re Gove | Speccie
Lets Hear it for Theresa May | Allison Pearson
Dave Takes Advantage of Economic Trust | Jonathan Freedland
Cameron’s Kitchen Sink Manifesto | Tim Montgomerie
Dave Promises £7 Billion Tax Cuts | Times


VOTER-RECALL
Find out more about PLMR


Following the revelations about Brooks Newmark’s paisley pyjamas, Hugo Rifkind wonders in this week’s Speccie what other politicians wear in bed:

“Chuka Umunna will sleep in Calvin Klein briefs, all the better to catch a glimpse of himself in the mirror on his ceiling.”



cynic says:

Can anyone help me? I went on holiday a week ago and returned to find someone has pulled out the stake and Gordon Brown is back and acting as Prime Minister. What did I miss? Has there been a snap election?


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