Another Top Labour Figure Rebels Against Ed’s Mansion Tax

Which Shadow Cabinet minister with a special interest in Streatham could it possibly have been?

RED ON RED: Audio of Murphy v Abbott Mansion Tax Bunfight

Jim Murphy’s mansion tax raid on London to fund nurses in Scotland has descended into an almighty slanging match with Diane Abbott. The Hackney MP couldn’t even remember the Scottish Labour leader’s name on Wato today:

“I am very surprised John Murphy is making these boasts… Jim Murphy can’t surely mean he is going to expropriate money from London to Scotland… he is jumping the gun in an unscrupulous way.”

Murphy hit back:

“It’s hard to take this argument seriously when she can’t even remember my name… I am leader of the Scottish Labour party, not Diane. I don’t have to consult Diane Abbott… I don’t have to clear things with Ed Miliband.”

Shots fired!

At Last! Miliband Finds International Allies for Tax CrackdownISIS Sign Up to Labour’s 50p Rate Policy

50p

François Hollande, Ed Miliband and now Abu-Bakr al-Baghdadi. The FT reports that ISIS are implementing Red Ed’s policy of a 50p top rate of tax across the one holy caliphate:

“Sajad Jiyad, an independent researcher in Iraq, says that Isis struggles to balance its books, but services continue to function because of the money Baghdad still pays to former civil servants in Mosul. Isis taxes those employees at up to 50 per cent of their salaries.”

It’s a cost of jihad crisis! The caliphate can do better than this. One nation….

Balls Has a New Excuse

Welcoming Stamp Duty reform, the Shadow Chancellor dodged the obvious question. Why didn’t Labour do it when they were in power?

“We could have done it but we didn’t because we had other things to do, like not join the euro…”

And the bloody rest…

Did SNP Plan to Scrap APD Nudge Osborne?

Air Passenger Duty may generate £3.2 billion a year for the Treasury, but Guido wonders why George doesn’t just go out on a wing and get rid of the tax altogether. It would hardly be terminal for the UK economy – a projected fall in the deficit of £6.2 billion by 2015 would more than cover the cost to the Exchequer and the move would encourage more flights into to the UK.

There was a growing problem on the APD front too – all the evidence seems to suggest that the SNP are going to remove APD altogether on Scottish flights – creating competition from north of the border to Newcastle Airport in the soon-to-be Northern Powerhouse. That could be what made the idea fly…

Everything You Need to Know About the Autumn Statement

growthstatement

Helpfully compiled by the BBC.

Osborne’s Poll Ratings Slide As Conservative Lead on the Economy Grows

As Osborne delivers his Autumn Statement today, a YouGov poll for the Sun finds his personal ratings have dropped from -3 to -8 over the last nine months. Optimism that the economy will improve is down from 39% to 25%, while pessimism is up from 23% to 32%. The Chancellor’s credibility will hardly be helped this afternoon when he announces OBR numbers confirming he has missed his deficit forecasts and that there is a £50 billion black hole in public finances, when in the same speech he pledges:

  • £3 billion extra cash for the NHS
  • £15 billion for road improvement infrastructure spending
  • £400 million extra to the British Business Bank
  • £500 million of new lending guaranteed
  • No fresh cuts

Cynical Neo-Keynesianism nevertheless appears to be paying electoral dividends for the Conservatives, proving once again that voters prefer jam today to jam tomorrow. This generation of voters prefers to put the burden for its profligacy on the next generation…

osborne-poll

The Times leader puts it plainly: “What is clear is that he has decided to risk what progress has been made towards repairing the nation’s finances on an electorally inspired spending spree that will have to be funded… at least partly with debt.” Douglas Carswell has a point when he says Osborne will today deliver Gordon Brown’s 18th Autumn Statement

UN Special Envoy Slams Miliband’s Mansion Tax

United Nations Special Envoy and High Commissioner of the UNHCR, Angelina Jolie, has voiced her concerns about Ed Miliband’s mansion tax:

“I’m quite responsible about money. That could put me off [moving to London].”

Wonder who could have put her up to that…

Clip via Channel 4 News.

Greens Will Still Bill Oddie

First Myleene Klass, now Bill Oddie:

Guido hates to break it to Bill that his new preferred party are no friend of mansion owners either.[…] Read the rest

+ READ MORE +

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:

[…] Read the rest

+ READ MORE +

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.[…] Read the rest

+ READ MORE +

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.[…] Read the rest

+ READ MORE +

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

Tax cuts are popular? Who knew![…] Read the rest

+ READ MORE +

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).[…] Read the rest

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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.[…] Read the rest

+ READ MORE +

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…[…] Read the rest

+ READ MORE +



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