Yesterday was an unusual day in UK politics. What the Tories recognised, albeit deeply reluctantly, was that the boundary between the state needed to be
Read the full article…
The government has borrowed £26 billion less this financial year than it forecast in March. So what is the £10 billion NIC increase all about?
Government ‘borrowing’ (or money creation as I would prefer to think of it) from April to July this year amounted to £78 billion against an
Read the full article…
Where have the tax profession been on NIC changes?
Over the weekend I wrote a Tweet that said: I get annoyed when tax professionals say that politics should be taken out of taxation. And
Read the full article…
A case of misdiagnosed founder’s syndrome
A little over a week ago The Times published an article noting that John Christensen and I had resigned our associations with the Tax Justice
Read the full article…
Sunak’s NIC rise is not just a disaster for most people, it’s a disaster for the whole idea of devolved government as well
Unless the government briefing machine has gone very wrong we are going to see the announcement of 1.25% increases in both employer’s and employee’s national
Read the full article…
The current chaos cannot continue. The worry is we don’t know when it will end, or what will come next
Nobody expected a shortage of bed linen in hotels to be a consequence of Brexit. But along with shortages of food, cars, blood testing bottles
Read the full article…
Is national insurance regressive?
I saw claims published yesterday that national insurance is not regressive. I have to say that I disagree. Based on the analysis I have done
Read the full article…
Charging national insurance at 12% on all employees, including those earning over £50,000 a year, could raise £14 billion of extra tax a year
I have been asked how much additional national insurance might be due in the UK as a whole in each year if all earnings were
Read the full article…
If the tax rates on wealth and wealth increases were the same as those on income the UK might collect more than £170 billion of extra tax a year
I wrote the blog post that follows this introduction in April 2020. I was anticipating the fact that there would be a furious debate when
Read the full article…