Sarah Montague was asking on the BBC this morning why George Osborne hadn't cut corproate tax rates more.
On Saturday on PM and interviewer (sorry, can't remember who) was demanding that the Tories cut the 50p tax rate.
Why is the BBC doing this?
Has to joined the Taxpayers' Alliance? Or just forgotten its duty of impartiality?
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Self interest. Many of the BBC’s highest paid workers are directly affected by the 50p rate and many others are “paid through Ltd Cos”.
Let’s be fair. As one journalist sticking up for another, though I don’t know her, she wasn’t putting a view to the chancellor, not her view.
I’m not quite sure I follow?
And candidly, the tone suggested the view suggested was the right course of action. The nuance you imply did not appear present to me
Thorough analysis of BBC at Next Left Project … well worth reading
http://www.newleftproject.org/index.php/site/article_comments/the_bbc_is_and_always_has_been_part_of_the_problem2
Heard the same thing just now driving home, before reading this blog, on Radio 4 PM, unbelievable. As Richard replies Ralph above, it was not at all a journalist’s enquiry, it was an aggressive position accusingly put, ‘why ever aren’t you dropping the the 50P, surely you must, surely you have to, everyone of authority (CBI) says it’ll bring in millions, there’s all this evidence, why ever are you holding out’ was the very much the tone.
The government are apparently not going to implement tax cuts. Correct me if I’m wrong, but haven’t they already implemented corporation tax cuts? Or did they think we’d forgotten about that?
Georgy boy Osbourne also reckons you can’t: “borrow your way out of a crisis”. Well, I think if he looks at his history, particularly after World War II, when profligate borrowing delivered us one of the most prosperous periods in our history, I’ll think he’ll find you can.
Whether the bulk of the borrowing has been passed on to the consumer (mortgages, easy credit) or by increasing the national debt (government investment), the result has usually been a growth of the economy. Borrowing is how the system works! The government is borrowing right now! Why? Because the spending cuts they inplemented led to more and more job losses and their brilliant idea to push VAT up to 20% meant people could afford to buy less. as was the result of the public sector wage freeze. Instead of having people in work paying tax and NI, you now had less and less tax coming in due to the increase of people out of work and the government obliged to pay money out in the form of benefits. To make up for this loss of revenue, the government were obliged to borrow to make up the difference.
If the government borrows and spends on transport, housing, infrastructure and manufacturing, that means their is more money circulating as wages, more tax revenue and more demand that is needed for investment in more jobs.
Unless this government decides to create its own money (which would be great) the only way to get the economy going is to borrow. It was ever thus and that is the situation now. To pretend otherwise is a total phallacy.
In the same programme at 6.15am, the new head of the IOD kept going on about ‘wealth creators leaving the country’ due to the 50p tax rate and his comments were completely unchallenged.
That is so common now this simply cannot be accident. It must be editorial policy
I heard the same and it was quite bizarre and worrying. Perhaps she was just trying to confuse him into thinking he was too left wing?