Not enough!See tables below:Britain's total debt as a percentage pf GDP is actually 5% higher than Cyprus,our annual budget deficits are the same as a percentage of GDP, andthe UK banking sector is only 4 or 5 times the size of our economy, compared to Cyprus' 7 times.The whole of the EU doesn't look terribly... Continue Reading →
Broken democracy in Westminster
We are trying to run a modern country with an old and out-dated democratic system.The principle of local representatives being sent to Westminster may have been appropriate in 1850 but it is outrageously ineffective today. MPs come mainly from party lists, they do a marginal job of representing their local constituents in national parliament, and... Continue Reading →
What is the proper rate for income tax?
Ask yourself, what is the reason why the income tax rate is at 22% or 40% or whatever it is currently at?The answer to that question today, is that income tax is set at a rate by politicians which they believe will get them re-elected.The proper answer to that question, is that income taxes should... Continue Reading →
Tax allowances disenfranchise us
If we are all going to own our WellFair state, we all need to pay for it. http://www.guardian.co.uk/commentisfree/2013/apr/01/tax-free-sop-low-paid If you're earning £6,000 a year and geting free healthcare, housing, local transport and Internet access (amongst other WellFair services), then paying £2,000 in taxes makes you an owner, a citizen, a contributor and an equal. Don't... Continue Reading →
Black & White
We have three crises today: an economic crisis, a social crisis and a climate crisis.In the UK the economic crisis is that we are borrowing £2 an hour, for every hour worked by every man and woman in employment. That's new borrowing every hour worked by every person in the country - and that is... Continue Reading →
