Tag Archives: economics

Drinkuary: Raining on the parade

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This article was first posted on Drinkuary. Rejoice be glad the beer duty escalator has stopped and beer duty has been dropped by a penny!! Big whoop and it’s not even true despite the headlines. I hate to be the one to rain on the parade but the Daily Mash has it right the Chancellor has bought you for a penny. Let’s have a quick look at the parade before the rain clouds open: “Success for the TaxPayers’ Alliance MashBeerTax campaign with the scrapping of the beer duty escalator and a 1p cut in beer duty” – Tax Payers Alliance … Continue reading →

What’s yours, is theirs

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Work and life having calmed down again for a little bit, there’s so much to catch up on, so with a bit of luck and a few pints expect a bit of a blog frenzy (may as well enjoy it whilst I can – but that’s for another post). The wheels continue to fall off the glorious EU project with Cyprus first saying they’re going to raid people savings, this turned out to be unpopular so their MPs voted against it, but despite that Cypriots are still limited in how much of their own cash they can with draw from … Continue reading →

A- for George

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Many people far more knowledgeable than me have commented on the recent downgrading of the UK’s credit rating from AAA to AA1 – this however is not going to stop me adding my tuppenth worth. It’s just one agency but it is a warning shot across the bows the policy being pursued by the current Government isn’t working, we’re borrowing more and there’s no growth- this is not how you reduce dept. The only way anyone reduces debt is to spend less and stop borrowing, apparently this does in fact also apply to Governments despite what various pundits have claimed … Continue reading →