Tax

The Tory message is that we cannot afford to maintain life on earth. They believe that a nice tidy government balance sheet is more important than life itself

The Guardian is not alone this morning in reporting the latest report from theInternational Energy Agency The world’s existing climate policies will not be enough to end the upward march of record energy emissions rising beyond 2040 without a “grand coalition” of governments and investors, according to the global energy watchdog. The International Energy Agency […]

Tax

It’s time to tax billionaires

As the FT notes this morning: They are right. Which is why wealth taxes should be on the agenda at this election. And I stress, that’s not because we are dependent on the money of the wealthy to pay for public services. We aren’t. Public services are paid for by spending on them and creating […]

Tax

A decade of Tory rule and not a hint of a fair reward for those who work for a living

There has been UK Labour market news published this morning. The following are worth noting: Regular real pay remains below its pre-crash levels. This lost decade for living standards is unprecedented since the Industrial Revolution.  Unemployment has fallen slightly but the quality of work has declined hugely since 2010. The majority of people in poverty […]

Tax

Second, they come for that part of the electorate who might not like their views

I note this in the Guardian this morning: When Carrie Paechter, a professor at Nottingham Trent University, tweeted two weeks ago that students could register to vote at both their home and term-time addresses, she didn’t anticipate the tirade of anger it would unleash. She was reported to the police and the Electoral Commission, and someone wrote to her vice-chancellor […]

Tax

World accountancy day

Today is, apparently, world accountancy day. Really? Did we need one? Who knew? But if it is then someone has to mark it and I note that in an article from a recruitment agency the UK’s top ten accounting influencers are named this morning, including: Richard Murphy Richard is a chartered accountant and political economist […]

Tax

For those with an interest in further study

I am a member of the council of the Progressive Economy Forum. The Forum, working with Birkbeck, University of London, is promoting an MSc which might, I think, be of interest to some here, subject to the obvious location issues. As the blurb says: GOVERNANCE, ECONOMICS AND PUBLIC POLICY (MSC) Start date:  October 2020 Location:  […]

Tax

The UK government is not like a household – and does not have a household type budget. That’s because it, quite literally, makes the money the rest of us use. So let’s stop pretending it has a credit card

Prof Charles Adams of Durham University posted this on Progressive Pulse on Saturday. It is well worth sharing here. I have already tackled one of the falsehoods perpetuated about the UK economy this morning, which is that the UK has debt of £1.8 trillion when the real figure is less than £1.4 trillion. Charles slays […]

Tax

The UK does not have national debt of £1.8 trillion. It’s less than £1.4 trillion, as their own accounts show. So might journalists stop repeating the government’s lies on this, please?

The Guardian, in an ineffectual review of Tory claims about Labour spending plans, shows its ignorance of UK government accounts by claiming: A danger for both Labour and Conservatives is that pushing up borrowing could lead to higher interest payments on government debts. Britain pays about £40bn a year to service a debt pile of […]