Tuesday, November 18, 2014

Working Klass Hero: The People Back Myleene Over Ed

You know it’s bad when the Staggers have to try to spin Ed’s going over by Myleene Klass on last night’s Agenda. Apparently “this row could work in Miliband’s favour.” Hmm, not if the voting public are anything to go by…

Today’s poll on Metro just about says it all:

At least he didn’t sniff a fellow guest on the show, this time.

Thursday, October 30, 2014

Who Are These Immoral Tax Raisers?

moral-taxes

“The government has a moral duty to think of these people [taxpayers] in any decisions made on tax and spending” says the Prime Minister. “But what is morally wrong is government spending money as if it grows on trees. Every single pound of public money started as private earning” he continues in The Times.

So who immorally raised VAT to an eye-watering 20%? Who has maintained high combined national insurance and tax rates on everyone earning above minimum wage at Gordon Brown levels? Who allowed inflation to push some million more of the middle classes into the higher rate bracket?

Who introduced 509 tax rises since being elected in May 2010? Who is planning to increase the share of GDP that is taken in taxation by the state to higher levels than under Gordon Brown?

£513 billion in 2009-10, representing 36.5% of GDP
£648 billion in 2014-15, representing 37.0% of GDP
£778 billion in 2018-19, representing 38.1% of GDP

Who would be so immoral?

Tuesday, October 14, 2014

Tax Avoiding Guardian Sets Up Rival to Tax Avoiding Amazon

Are you a bookworm who can’t bring yourself to boost the profits of a nasty offshore tax-avoiding corporation? Alan Rusbridger has a suggestion for you:

Of course the anti-Amazon Guardian bookshop neglects to mention to potential customers that the newspaper’s offices are owned offshore. Nor do they disclose their owner’s use of a Caymans Islands corporation to avoid stamp duty. Nor that for three quarters of a century the Guardian has been shirking taxes. Even worse, the first thing that appears when you click on the website is Russell Brand’s face…

Thursday, October 2, 2014

CON 35 / LAB 34: Tories Take Poll Lead for First Time Since 2012

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

Tax Rabbit Saves Dave’s Conference

Guido has never seen a tax cut that he does not like so Cameron’s speech today was certainly lively. The hall loved it and Dave hit their sweet spots in a way he has not since before the last election. Personal allowance up, the threshold for 40% rate up from £41,000 to £50,000. More money kept in the pockets of millions of voters, but… 

Having said that, whatever happened to that last tax rabbit that the Tories plucked from a hat when in a tight spot? Inheritance tax threshold up to a million? 2007? Ring any bells? Guido will believe it when he sees it… 

It may unravel and billions in cuts will have to be found to pay for it all, but in terms of strategy it’s exactly what the Tories needed to do. After last week’s eighty minute snoozefest from Ed Miliband, it’s tough to see how Labour can avoid responding to these pledges directly. UKIP and the LibDems will moan that their ideas have been lifted, which will further please the blues. Over to you Ed…

 

Friday, September 26, 2014

UKIP Launch “Theresa May Tax”

A crass attempt at token Labour-vote stealing communism announced at UKIP conference today. A 25% tax on luxury goods such as £200 shoes, £1,000 handbags and £50,000 cars. UKIP sources are calling it the ‘Theresa May tax’. Claws out for the kitten heels…

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 8, 2014

Dave: Being a Conservative is About Tax and Spend

Discussing the fact that Britain’s poorly costed second aircraft carrier will see active service after all, Dave told the Commons earlier:

“In a nutshell really, that’s the difference between a socialist and a conservative. They dream about having money, where we raise it and spend it.”

Really, Prime Minister? Being a conservative is about raising tax and spending? Think that line might need a little work…

Tuesday, September 2, 2014

Chuka’s Taxing Spin

Chuka Umunna is spinning hard in the Times this morning over Guido’s revelations about his tax avoidance adviser donor. A spokesman for two-faced Chuka says with a straight face:

“There’s no link [between Mr Umunna and Signature Tax]; there are Labour supporters in all walks of life who share the values of the party and donations do not influence policy. The donation has been made and declared in the normal way, in accordance with the rules.”

“No link between Mr Umunna and Signature Tax”, apart from the £2,500 they gave him. Chuka’s spinner says of the donor: “there are Labour supporters in all walks of life who share the values of the party”, Guido wonders if this refers to their penchant for offshore tax arrangements.

Incidentally, Signature Tax itself has a rather odd whiff about it too. No one answers when you call their phone number and their website could have been designed in five minutes by anyone with a laptop. Yet they found £2,500 to bung to Labour’s Shadow Business Secretary…


Seen Elsewhere

Even Ed’s Friends Call Him ‘Bad Luck Magnet’ | Mail
BBC: It Was Guido Wot Won It | MediaGuido
Nick Robinson’s Britain First Selfie | Metro
Dyson: Leave German Dominated EU, Join EFTA |
How UKIP Won Rochester | Seb Payne
Labour’s Islington Problem | Harry Phibbs
Ed Lost More Than a By-Election | Labour Uncut
Labour the Biggest Losers in Rochester | Speccie
Thornberry a Gift to Farage | Nick Wood
Is Left Finally Turning Against EU? | Dan Hannan
Labour Votes Going Green | Guardian


Find out more about PLMR AD-MS


Ralph Miliband on the English…

“The Englishman is a rabid nationalist. They are perhaps the most nationalist people in the world.”



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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