Faisal Islam
Osborne’s simple Granny tax alibi gets complicated
“What is clear though, is that the Office of Tax Simplification does not offer much of an alibi for the change announced on Wednesday.”
Search results for ‘Budget’
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Gary Gibbon
David Cameron’s alcohol epiphany
Interesting to see if it moves after the headlines yesterday. I was struck (not physically) at a pensioners’ line-dancing club in Lewisham yesterday by how few pensioners had actually bought a newspaper that day. They’d got their information off the TV news, formed a pretty dim view of what was going on but were, for the most part, not in open revolt.
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Gary Gibbon
Grannies, quicksand, 40p and fruity language
A level of taxation that was once meant for a relatively small minority of the wealthiest members of the working population could be moving towards a state where a huge chunk of the population might find themselves in its grasp in the course of a working lifetime.
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Is the granny tax really so unjust?
There have been howls of anguish from pensioners and the press over the chancellor’s plans to make tax allowances for the retired less generous. But is the raid on pensioners really so unfair?
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Government accused of ‘outrageous stealth tax’ on pensions
More than four million pensioners will be worse off following changes announced by Chancellor George Osborne in his budget that have been dubbed a “granny tax”.
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Why simplifying VAT is a taxing business
Part of the 2012 budget was dedicated to making the tax system simpler. Channel 4 News casts an eye over the topsy-turvy world of value added tax.
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GlaxoSmithKline to create up to 1,000 jobs
The pharmaceuticals giant GlaxoSmithKline (GSK) announces it will build its first new plant in almost 40 years at Ulverston in Cumbria.
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Gary Gibbon
50p tax – hero to zero?
“But the truth is not much enormous changed today beyond some loud political signalling. The growth and borrowing prospects are still, objectively, eye-watering” – Gary Gibbon on today’s budget speech.
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FactCheck: Do 50p taxpayers have it so bad?
“Is a true Briton to have no privacy? Are the fruits of his labour and toil to be picked over, farthing by farthing, by the pimply minions of bureaucracy?”
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Matt Frei
A harp is a piano after tax
Matt Frei blogs on the complicated, but usually less costly tax system in the US.
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People to receive personal tax statements
Taxpayers are to to be given a personal statement telling them how much money is deducted from their earnings and what this is spent on, but they will not learn what they are paying in indirect taxes.
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No banker exodus after 50p tax rate hike
Channel 4 News learns the number of British bankers leaving the UK for Switzerland fell by 16 per cent in 2011, despite claims the 50p tax rate would encourage wealthy financiers to leave the country.
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Faisal Islam
Will HMRC have smoking gun against the 50p? Impossible
Faisal’s done the maths: George Osborne can’t justify his claim that the 50p tax rate isn’t generating money.
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Gary Gibbon
How much direction of travel will Osborne give on tax?
After a few days of watching the reaction to the reduction of the 50p rate, George Osborne may be having second thoughts about its complete abolition, writes Gary Gibbon.
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Gary Gibbon
Ask Not For Whom The Road Tolls
Channel 4 News Political Editor Gary Gibbon blogs on David Cameron’s proposals for greater private sector involvement in Britain’s roads
