Tag Archives: EU

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 →

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 →

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 →