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Tax

Johnson’s letter

I share this from Dr Rupert Read of the Green Party. Rupert is a philosopher at the University of East Anglia. Rupert is not inclined to understatement. On this occasion I don’t think he’s doing that. In the interests of full disclosure, I make clear we have worked together on occasion:  

Tax

Changes to insolvency rules will not save businesses – they’ll simply save a few directors whilst leaving the economy as a whole to sink

The government announced changes to regulations on insolvency laws this morning using emergency powers that have been provided to them. They said: Under the plans, the UK’s Insolvency Framework will add new restructuring tools including: a moratorium for companies giving them breathing space for from creditors enforcing their debts for a period of time whilst […]

Tax

An end to fracking? It cannot come too soon

Like many people with concern for the environment, I am deeply opposed to fracking. This profoundly destructive process fuels demand for carbon based fuel that we do not need, and should not burn, whilst polluting and causing landscape devastation, as well as earthquakes. The good news (and there always has to be some) is that […]

Tax

Could tax haven wealth help tackle coronavirus?

I’m resting, but others are blogging. This is from Nick Shaxson at the Tax Justice Network, with permission: Could the wealth in tax havens help us pay for the Coronavirus response? March 27, 2020 by Nick Shaxson As economies crumble under coronavirus pandemic, powerful interests are hoping to get rich from huge government bailouts. A well-informed Washington […]

Tax

Heeding advice

I admit that quite a number of people have written to me over the last few days urging me to slow down and take a rest. Over the last fortnight, since Rishi Sunak’s disastrous budget performance on 11 March I have felt unable to do that. The crisis we are facing compelled me to write […]

Tax

If Sunak wants businesses to take loans to get through this crisis he has to back them with 100% government guarantees – because nothing else will work

As Politics Home has reported this morning, the government is very upset that banks are not providing the loans to failing Companyes that they thought would be made available as a result of its £330 billion loan guarantee scheme for companies needing help. I am afraid to say that this bemusement on their part is […]