Gordon’s Tax and Benefits Mess

tax+benefits

According to an ONS release today the mythical average household is £31 better off after taxes and benefits are taken into account. Think about all the complexities of tax collection collection and benefit calculation, the bureaucracy and time wasted. It really is time for a lower, flatter, simpler, single income tax…

The statistics also confirm that after 5 years of “we’re all in it together” that Osborne has raised taxes on the richest 20% and reduced the burden on the poorest 20%.  The bottom quintile are net recipients of just over £10,000 in welfare transfers from those who actually pay taxes. Will no one stand up for the wealth creators?


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Quote of the Day

Writing in this week’s Spectator Diary, the former Chancellor and Evening Standard editor attempted to encapsulate how Boris operates…

“My children have the measure of our prime minister. A couple of years ago, my son and I went for a lovely Sunday lunch at his house in Oxfordshire — where he has a Kalashnikov mounted on the wall. Boris suggested we play a game. A tug of war, but with a difference. The rope is tied around your waist and the contest takes place across a swimming pool. If you lose you end up in the water, fully clothed.

That’s Johnson for you: fun, inventive but ruthless. I suspect his brother Jo had one ducking too many.”

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