Saturday, June 29, 2013

Does this Government Care About Middle Class Families?

Guido knew that the structure of marginal tax rates following a decade of Brown’s insidiously stealthy taxation and redistribution was malformed. How malformed was only driven home after reading a note from the Centre for Policy Studies. It is obscene how this government has punitively taxed the middle classes…

marginal-tax-rates

The CPS use a simple not atypical example of a married man with two children, who has no savings or investment income, and no student loans. Factoring in allowances and changes to child benefit, his marginal rates will be as above. A middle-class single income family with 2 children and the father earning £50,001 will have a marginal tax rate of 59.5%. You don’t have to be a fully paid-up member of the Taxpayers’ Alliance to think that is far too much.

Next year will be the thirtieth anniversary of Nigel Lawson’s 1984 Tax Reforms. George Osborne says he is Lawsonian, if the Chancellor wants a legacy and the gratitude of the electorate, simpler, flatter, fairer taxes would be the right thing to do. It might win back the middle classes at the ballot box as well…

Friday, June 28, 2013

Putting Final Touches to the Sun Column

Thursday, June 27, 2013

Great Burgers Of Our Time

Ed better think again about that pasty-gate style trip to McDonalds, he’s no stranger to a posh burger himself. Presumably more of an emmental cheese and Diet Coke man.

Meanwhile Clegg has gone out to bat for the Chancellor on LBC, confessing he also eats at Byron and is partial to their Oreo milkshake:

Grant ‘McLovin it’ Shapps? Well he’s just a man of the people:

Great burgers of our time…

Pic via @eyespymp

Ed Vaizey makes his own (H/T @asabenn):

Whereas Dave and Barry prefer wieners:

Size isn’t everything for Boris:

Vince Cable went to Maccy D’s but stuck to the coffee. He doesn’t look like he was McLovin it.

William Hague and Kevin Rudd prefer long ones:

Double-Dip Recession Never Actually Happened

osbbSlightly better news for Shamburger George this morning: Office of National Statistics revised figures say there was not actually a double-dip recession. GDP growth between Q4 2011 and Q1 2012 has been revised from a fall of 0.1% to flat. Whether that’s what people will be taking about round the water cooler is another thing. Byron to celebrate? 

UPDATE: Everything you need to know courtesy of this ONS video:

Wednesday, June 26, 2013

Tory Uproar as Labour’s Toby Perkins “Flipped Osborne Finger”

Watch closely for the reaction of the PM and the Tory benches as Osborne asks Labour about their spending plans. Cameron’s face turns to shock as he and a number of other Tories point towards Labour MP Toby Perkins, sitting on the third row. From the video it is not clear why. Tory MPs are adamant this afternoon that it was because Perkins “flipped Osborne the finger”.

As Bercow intervenes you can hear a Tory MP shout “it’s Perkins!”. Guido is told that a Tory MP then passed a note to the Speaker making the allegation against Perkins, Bercow then ripped the note up and put it in his pocket. Perkins’ office are currently refusing to comment. All very parliamentary…

GRAPH: Cuts By Department

Pickles shows himself as the “model of lean government” with a 10% cut, alongside Grayling and Maude, while the Chancellor leads by example. Hammond and May get off lightly…

Tuesday, June 25, 2013

WATCH: Jeffrey Joke Falls Flat

Friday, June 21, 2013

WATCH: Treasury Playdays

Learn with George as he explains how he will “help people who work hard and want to get on” at next Wednesday’s spending round. A helpful piece of taxpayer-funded Tory propaganda. Osborne spells it out very slowly for Ed Balls…

Osborne Borrowed More Last Year

Turns out government borrowing actually rose last year. Revised ONS figures show public sector borrowing for 2012-13 was £118.8 billion, up from £118.5 billion the year before. This week’s Speccie cover article gets to the point:

“When the Chancellor stands up to present his spending review next Wednesday it will be with the reputation of a crazed axeman. Much of the country, whether it thinks it a good thing or not, subscribes to the belief that George Osborne is shrinking the state year-on-year, slicing here, chopping there. In a recent poll 58 per cent of respondents agreed with the proposition that Osborne’s ‘austerity drive’ is ‘harming the economy’… Osborne is no mad axeman but a bodger blundering around with a blunt chisel.”

Osborne wants to portray himself as a responsible, sound money Chancellor making tough choices, streamlining an overbearing state and making government more efficient. The truth is borrowing, and as the graph below shows, spending is still going up:

The Treasury is pushing the fact that borrowing fell last month year-on-year, which is encouraging. But to say they are not doing enough is an understatement…

See also: Tale of Two Austerities

Thursday, June 20, 2013

LISTEN: The Osbornes, George and Jeffrey Duet


Seen Elsewhere

Treasury’s Laws There to Be Broken | Jill Kirby
Dave’s Pro-Free Markets Speech | ASI
Forget the Nimbys, Bring on the Bimbys | ConHome
Emily is No Snob | Islington Tribune
Cam’s Red Line | Sun
Politicians Must Examine Their Extincts | Laura K
Immigration Lies | Nigel Farage
Take That Mr Speaker | Quentin Letts
How Avoidable Scandals Destroy Stupid Politicians | Alex Wickham
UKIP Mosque Confusion | The Week
Let’s Ban the Word Internet | Padraig Reidy


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Tony Blair threatens Ed:

“If you had a strong political lead that was combining the politics of aspiration with the politics of compassion, I still think that’s where you could get a substantial majority…  If I ever do an interview on [the state of the Labour Party], it will have to be at length…”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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