The least well off households pay 36.6 per cent of their income in tax compared to 35.5 per cent paid by the wealthiest.
Tag Archives: tax
There has been much discussion of the merits of prioritising ‘pre-distribution’ – of attempting to achieve a more equal distribution of the cake before turning to ‘redistribution’ through tax and benefits.
Why are we asking the British tax havens to reform themselves when the Foreign Office says we can impose new law on them?
I was rummaging through various links today and came to the UK Foreign Office White Paper on the Overseas Territories published in June 2012. This contains, on page 14, the following interesting statement in a section headed ‘Our Constitutional Relationship’.
After the photo opportunities, early morning swims and talk of famous blues musicians last week in Lough Erne, the temptation is to think it’s all over for the UK’s Presidency of the G8.
Considering the government likes to throw every question they are asked in the chamber back at Labour – i.e. “we’re clearing up the mess left by the last government” – it’s strange how, going by the projections released along with today’s spending review, it’s going to take until 2017/18 for the Tories to be back where the Labour government was in 2007-2008.
During his Spending Review speech George Osborne made much of the fairness of his announcements. He also repeated what has now become a cringing cliche: that we are “all in it together”.
Those departmental cuts in full
The government – correction, any future government – is facing an increasing conundrum over what to do about pensions. Despite the hoo ha over today’s Spending Review, the announcements the chancellor will make today will only apply to a small proportion of total spending.
Ahead of the chancellor publishing the Spending Review, the likes of which he never intended to make, across the nations the devolved governments are clear.
The chancellor will announce £11.5 billion pounds worth of cuts today because the UK economic recovery is the slowest for 100 years.