Tweetminster

Tory MPs call for top tax rate cut

Some 160 Conservative MPs are mounting pressure on George Osborne to cut the top rate of tax to 40p in next week's budget. Labour saw a temporary poll lead in 2012 when the Chancellor cut the top rate of tax to 45p. Conservative MPs Steve Baker and Liam Fox have become the latest to back the move, despite concerns about the party being seen as assi [...] Read more ...

via Politicshome
29 Jun 2015

Europe’s Attack on Greek Democracy

The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant. Read more ...

via Project-syndicate
29 Jun 2015

Summary

NET DEPENDENCY Welfare dependency is an economically destructive phenomenon which tears at Britain’s social fabric. For example, for the poorest fifth of households, income tax has fallen from 10.5% to 7.4% of original income. The middle three fifths of earners are now enjoying the lowest level of income tax as a proportion of income in recent de [...] Read more ...

via Cps
29 Jun 2015

The Greek Analyst on Twitter