Category Archives: economics

A fiscal miscellany

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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

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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 →

Tax freedom day

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Continuing my grand tradition of being late to the part it would seem that yesterday was Tax Freedom day the day of the year when we on average stop working to pay taxes and start working for ourselves. A mere 149 days into the year and an average of 40.8% of our income gone and that’s the taxes paid. Of course depending on what you buy, how much your earn etc. you own personal tax freedom day may have been a while back or you may have yet a bit to go. Tax freedom day would be a lot later … Continue reading →