Category Archives: Cuts

A fiscal miscellany

By | | , , ,
Comments Off on A fiscal miscellany

Back to talking about the economy again I’m afraid, and you know it’s got bad when even the BBC have noticed something’s wrong (H/T Penny Dreadful). Sadly it seems that the terribly dangerous deflation we should all worry about hasn’t happened, instead by printing a metric truck load of cash we’ve got inflation. Which really wasn’t much of a surprise to anyone, and at least we can inflate our debt (which ok screws over all of us that can’t just vote ourselves a pay rise) but at least the countries credit rate isn’t heading rapidly towards junk status like say … Continue reading →

A miscellany of tax and spend

By | | ,
Comments Off on A miscellany of tax and spend

Terribly sorry to bang on about matters economic, but well it does seem a rather important topic, so please do indulge me. Just a quick whistle round a few bits in the news today. First up, Guido rather nails the deliberate inflationary policy pursued by the Bank of England to protect the banks at our cost. That they invested in inflation proof securities whilst warning about deflation is a bit of a hint they may have been fibbing to us. The government mean while continues it’s relentless pursuit of cuts and austerity by shelling out to build a brand new … Continue reading →

Spending our taxes

By | | , , ,
Comments Off on Spending our taxes

Just to follow up on yesterdays post on Tax freedom day, I realise I didn’t mention how much the EU spent. Thankfully due to an article brought to my attention by Penny Dreadful I can now correct this, as the Telegraph have all the gritty details all 9.2 billion of them! 9.2 Billion being the “Amount British taxpayers contributed to the EU in 2010.”, which makes the (presumably additional) “£3 billion Amount of ‘stealth taxes’ to be levied on Britons under European Commission plans to generate one third of the EU budget by 2020 using direct taxation powers. ” Quite … Continue reading →