Tag Archives: cuts

Spending our taxes

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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 →

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 →

I see no cuts

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I’m going to be banging on about our supposed cuts yet again and the rather troublesome financial mess we may be in, and I suspect I’m going to keep doing so at least until we stop digging. All those terribly terribly harsh cuts didn’t stop our net deficit growing to 10 billion last month, nor is it stopping the EU giving away another billion (just Euro’s this time) for people to build robot pets and nagware. Thankfully it’s not all gloom* one of our elected troughers has brought forward a motion that we shouldn’t illegally bail out the Eurozone , … Continue reading →