Political situation in the UK
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Thousands march against spending cuts
More than a quarter of a million people have marched through central London to deliver a powerful message about the government's cuts in public spending. The generally good-natured mood was soured by violent and destructive attacks on symbols of wealth including the Ritz, banks and a luxury car dealer, and an occupation of the upmarket food store Fortnum and Mason. Trade union organisers said that the turnout had exceeded their expectations, and thousands had travelled by coach and by train from as far as Edinburgh to vent their anger at the government's cuts by marching through London to a ...
We need a general election
Both the borough’s Labour MPs voted against dissolving parliament and holding an election. The vote follows months of scandal and allegations over Brent Labour MPs expenses claims, and a massive 25% drop in the Labour vote in last week’s European elections in Brent. Eight ministers have abandoned Gordon Brown’s government and internal disputes have overshadowed important policy debates.The only major party to move forward in the elections last week was Sarah Teather’s Liberal Democrats. Even David Cameron has admitted that the Conservatives can’t win in Brent ...
Britain has outsourced mayhem. Finally it's coming home
I believe that the current political crisis has little to do with the expenses scandal, still less with Gordon Brown's leadership. It arises because our economic system can no longer extract wealth from other nations. For the past 300 years, the revolutions and reforms experienced by almost all other developed countries have been averted in Britain by foreign remittances.The social unrest that might have transformed our politics was instead outsourced to our colonies and unwilling trading partners. The rebellions in Ireland, India, China, the Caribbean, Egypt, South Africa, Malaya, Kenya, Iran ...
> Political situation in the UK > News
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Why it's time for a single income tax | Matthew Elliott Paying one hit of tax on all your income would simplify the system and make it more honest and transparentKen Livingstone once wrote that everyone "should pay tax at the same rate on their earnings and all other income". For all our differences, I agree. If you earn the same amount as a shareholder collecting a dividend or as a plumber fixing someone's central heating you should pay the same amount in tax. And apart from the personal allowance, so you can earn enough to cover the basics tax free, if you earn twice as much, you should pay twice as much in tax. Doesn't that sound like a reasonable objective?Right now the tax system doesn't work that way at all. Most people pay tax repeatedly on their income, and it all adds up to an eye-watering rate. If you earn your income as wages from an employer, employers' national insurance is first taken out before the money even reaches your pay cheque. Then you pay income tax and employees' national insurance. The basic rate isn't really 20% at |
Greece must remain in the eurozone | Nikos Chrysoloras Printing a new currency while already bankrupt is suicidal – and the ensuing chaos would hurt the rest of EuropeIt is striking that, when it comes to the European debt crisis, an ever increasing number of pundits, broadsheet press columnists and experts are in complete agreement with populists from the far left and the far right: the fiscal consolidation programme is self-defeating, they say, and Greece (and possibly other states in the periphery) should abandon the eurozone in order to regain their competitiveness. However, if there was one thing that the 2008 financial crisis should have taught us is not to trust the experts, especially since, in this case, they claim to know the remedy for a country which they have rarely, if ever, visited, and have no knowledge of its economic and social history.So, although everyone is an expert on Greece these days, it seems that they have missed the fact that the country has tried the path they propose: expansionary fiscal policies, successive |
Simon Carr: It was all going bonkers as they bayed for blood Ware izzee!" Labour cried in fury. They were wanting Vince "We're All Bonkers" Cable and he wasn't there. He was malingering in the North, cowering in a factory, hiding from the wrath. |
Simon Kelner: How Fred the Shred became a diamond geezer I haven't been able to find out whether the festival of road works and street closures in central London is part of preparations for the Diamond Jubilee or the Olympic Games, but anyone travelling (or, as the case may be, not travelling) around the capital will be in no doubt that something big is about to happen. |
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