Rachel Reeves Finally Admits Bedroom Tax is Not a Tax

How does the aspiring Work and Pensions Secretary want to raise money for Labour’s new flagship policy in Scotland?

Reeves wants to scrap the bedroom ‘tax’ and “use the savings” to raise £175 million. But, as should be obvious from Labour’s name for the policy, the bedroom ‘tax’ actually reduces government spending. Saving around a billion pounds so far in fact. Therefore scrapping it would not, as Reeves thinks, ‘save £175 million’. On the contrary, it would cost over a billion. Not like Reeves used to be at the heart of Labour’s Treasury team or anything…

UPDATE:

Official: Rich Hit Hardest Under Osborne

Another bash the rich budget from the Chancellor…

Ed Upsets the Neighbours

What happened when a community magazine in Ed’s family neighbourhood tried to find a supporter of the mansion tax, so they could write a balanced article giving equal prominence to both sides of the argument? The Primrose Hill journalist tasked with the story tells Ham & High:

“We wanted to do pieces on issues affecting the community, giving both sides a voice. For hours I tried – and failed – to find just one supporter of Labour’s proposals in Primrose Hill. Everyone opposed it. We’ve had to push back the piece until next month. Or until I find someone.”

Most neighbours fall out over mending a fence…

PWC to Host Labour Prawn Cocktail Offensive

In their continued quest to pretend they are on the side of business, Labour frontbenchers are being wheeled out to meet local capitalists up and down the country:

What the invitation fails to mention is “Donington Court” is a regional outpost of Labour’s embarrassing big donor, the tax-avoiding PWC.

So the tax avoidance kings swell the coffers and host the shadow cabinet, yet still Ed Miliband told the House “none of these people had given a penny on my watch…”

“Inappropriate” Tax Experts Labour’s Biggest Non-Union Donors

PriceWaterhouse Coopers, whom Margaret Hodge condemned earlier this month, gave almost £400,000 to Labour in the last quarter.

Also blows out of the water Labour’s line that they are being massively outspent…

‘New Owen Jones’ is Scion of Media Elite

Look out Owen Jones, there’s another younger, prettier, chippy, extremely privileged left-winger on the scene. Public schoolboy Jacob Diamond has been on Sky News this afternoon, telling Kay Burley:

“More people are in favour of increasing income tax to solve the problems in society. That is how you fund it, easy.”

As a borderline Marxist student, obviously Jake knows all about the realities of paying tax. 

Thankfully, Diamond told Sky that he does not want to be a politician, instead he wants to be a journalist:

In an already tough market and extremely competitive field, life is tough for any aspiring young hack.

Luckily for Jake, he’s the son of broadcaster Anne Diamond and telly executive Mike Hollingsworth.

Which has nothing to do with how he’s able to start his national broadcast career whilst still a student…

How Journalism Works

The Huffington Post are desperately trying to spin for Balls, resorting to real barrel scraping tactics:

From: Money4Media United Kingdom 
Date: 17 February 2015 12:26:49 GMT
Subject: Journalist Alert: The Huffington Post, Asa Bennett

Tax Experts on Receipts/accountancy Needed

I’m looking for a good tax expert who could help for a potential piece, aiming to debunk the Daily Mail’s suggestion that Ed Balls is a “total hypocrite” as he hasn’t asked his window cleaner for a receipt, despite suggesting it would be right to do that for odd jobs…

Contact Person: Asa Bennett

Publication: The Huffington Post

Deadline for responses: Date: 17/02/2015 Time: 2:30PM

An accountant that will say the opposite to reality? Try PWC…

Meanwhile, on the World at One, Rachel Reeves just totally contradicted Balls. The Shadow Chancellor said on Sunday:

“The right thing to do if you are having somebody cut your hedge for a tenner is to make sure they give you their name and address and a receipt and a record for the fact that you have paid them.Over my life – have I ever given people a tenner and not got a receipt for it? Probably yes. Since I’ve been involved in politics and Treasury matters, absolutely I think it’s really important to have a record.”

Today Reeves says the exact opposite:

“It’s not always that easy to get a receipt… it’s not the wrong thing to do.”

Who speaks for Labour?

Flashback: Osborne on How to Avoid Tax

 

Tony Hart died for the second time today and this clip of Osborne from 2003 looks to be making a similar social media resurrection.

“The one piece of advice I would give… is there are some pretty clever financial products which enable you to in effect pass on your home, or the value of your home, to your son or daughter… I probably shouldn’t be advocating this on television.”

Also known as ‘Doing a Miliband’…

Via @SophyRidgeSky / @liarpoliticians

Show Us Your Receipt, Ed!

Talking of cash in hand, Miliband had the roofers in to his North London home last year.

He did get a receipt, didn’t he?[…]

+ READ MORE +

Quote of the Day

Marina Hyde on why UK tax is so untaxing

“The Hong Kong tax code, widely held by tax lawyers to be the most admirably efficient in the world, is 276 pages long. The British tax code, rapidly beginning to […]

+ READ MORE +

Owen Jones Distances Himself From Guardian

 

Challenged by Toby Young on the Daily Politics, Owen Jones swerved the question of the Guardian attacking offshore tax shelters whilst sheltering half-a-billion of its assets in the Caymans:

“I am not responsible for my employer’s tax affairs.”

[…]

+ READ MORE +

FLASHBACK: When the Milibands Avoided Tax

Miliband worded this answer about the Deed of Variation on his family home very carefully:

“This is something my mother did 20 years ago. That was a decision she made. Let me just say this: I’ve paid tax as a

[…]

+ READ MORE +



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Quote of the Day

Andy Burnham finally repents on the deficit…

“If we are to win back trust we have to start by admitting that we should not have been running a significant deficit in the years before the crash.”

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