“Free Enterprise” Group Wants to Tax the Old Even More

Guido bumped into Liz Truss last week and complained that her pamphleting “Free Enterprise” Group of Tory MPs wasn’t very right-wing. She looked at Guido arched-eyed and knocked back her drink before stumbling off. 

As if to prove the point this morning her “Free Enterprise” Group released a pamphlet arguing for an increase in taxes for the working over-65s:

Older workers who continue to work should pay National Insurance contributions on their earned income.  Extra NIC income could be banked or used to give NIC holidays (employee and employer) to young low paid workers.

No doubt they will argue this is revenue neutral and just shifting the tax burden onto the older generation which has had it pretty good. This begs the question; what kind of free enterprise group wants tax hikes and revenue neutrality? The status quo is disastrous, we’re over-taxed to finance Gordon’s Big Government welfare state. The New Labour era saw state spending as a percentage of GDP go up from 35% under Margaret Thatcher to 45% under Gordon Brown. If even a Tory free enterprise group is unwilling to push back on Gordon Brown’s settlement  the country is stuffed…

UPDATE: 

Happy ending…

IPPR, the Staggers and the €800,000 Bung

Guido was amused to read Will Straw’s Staggers piece today asking: “Europe, what have you done for me lately?“.

His gushing tribute to the EU’s legislation on mobile charges was as sickly as it was suspicious – after all, his organisation IPPR is hardly renowned for its tech prowess.

Perhaps the real answer to Straw’s question lies in the fact that Brussels has bunged his wonk-shop €800,000

California Dreaming

Sipping rosé with media types last night Guido bumped into an academic co-conspirator from Stanford. Conversation soon turned to Steve Hilton, their visiting professor:

“I saw him the other day in flip flops. He appears to be on vacation.”

Sic semper…

Transparent” Lefty Think Tank and their Anonymous Funding

Last week Guido brought you the report claiming that left-wing think tanks are more transparent than their right-wing counterparts. One of the think tanks awarded the top A-rating by Who Funds You was the New Economics Foundation, who state on their website: “the NEF believes that organisations advocating political change should be open about how they are funded.”

Funny then that a £200k per annum donor to the NEF, the Network for Social Policy, says on its own website that: “the Network for Social Change is a group of individuals providing anonymous funding for progressive social change“.

Guido isn’t sure how a think tank with donors seeking to remain anonymous can be described as transparent…

Private Sector Wonks Under Fire from Public Sector Wonks

A new report has claimed that left-wing think tanks are more transparent than their right-wing counterparts. New left-wing pressure group Who Funds You awards an A-rating to the likes of left-of-centre campaigns IPPR, Progress and Compass, while laying into the right-of-centre Adam Smith Institute and the Taxpayers’ Alliance for their supposed lack of openness. Ignoring of course that right-of-centre think tanks don’t usually take public money from the taxpayers. Left-wing think tanks benefit from a lot of taxpayers’ money, IPPR for example got £800,000 of taxpayers’ money via the EU…

UPDATE: The ASI have hit back:

Touché… 

Because He’s Worth It

Earlier this month Guido broke the news that No.10 SpAd Dr Sean Worth had quit his job to take up a post at Policy Exchange. Putting his head above the parapet for the first time since, the good doctor appeared on Newsnight last night. If only Worth’s former colleagues could say these things like this while still in government… 

Video via LiarPoliticians

GDP Growth Was Higher in the 1930s

On the Today programme yesterday morning Ed Balls claimed Osborne has made a giant mistake and cuts in public spending are the same mistake made by Snowden in the 1930s. Balls is wrong, as a recent pamphlet from the Centre for Policy Studies by George Trefgarne shows. After the 1929-31 Wall Street Crash the British economy recovered rapidly in the 1930s:

If only we currently had a growth rate like they averaged in the thirties…

Time to Sack the Statist “Charity” Sock Puppets

Guido has always seen state-funded charities as a constant source of annoyance. Today the Institute of Economic Affairs calls on the government to bring an end to lobbying by charities that receive taxpayers’ money. They even quote Guido’s jibe about fake charities from last year:

“A charity that relies in the main part on taxes is no more a charity than a prostitute is your girlfriend”.

Guido couldn’t have put it better himself…

IPPR Advocate Crime Tracking App

Guido has often taken the left-wing iPPR think-tank to task for some of its craziest policy ideas, the never ending hyper-Keynesian fallacies it pumps out and for flogging access for cash in the past. So when they come out […]

+ READ MORE +

Exclusive: No. 10 SpAd Sean Worth QuittingMoving to Policy Exchange Think Tank

Special Adviser to the Prime Minister Sean Worth is departing government to head up an investigation into better public services at Policy Exchange. It seems to be mid-term transfer season with lots of  SpAds looking to move on and out. […]

+ READ MORE +

Small is Beautiful

Guido really likes this video from the wonks at the Centre for Policy Studies, it animates a very clear message, around the world lower taxes lead to higher growth rates.

The data is pretty clearly presented, are you watching […]

+ READ MORE +

Wonks Goes West

Tom Clougherty is leaving his post as Executive Director of the Adam Smith Institute at the end of April. He will be taking up a new post as Managing Editor of the libertarian Reason Foundation think-tank in Washington DC.[…]

+ READ MORE +



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Quote of the Day

Sky News ask a “Labour representative” where the local St George’s Day events are. He replies:

“You’re better off asking the UKIP candidate” 

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