The treasury under Burnham is a poison chalice job - given he wants to raise tax tax (but won't be able to) and wants to spend more (but the bond markets won't have it). (View Post)

He can increase tax rates, but increasing the tax take is going to very very difficult indeed. (View Post)

That golden economy is why Blair stuck to Tory fiscal policies... (View Post)

The latter would just result in millions of trusts being created. (View Post)

The only way to seriously increase the tax take without seriously changing behaviour is increasing payroll taxes. I fully suspect everyone in the treasury knows this, but the politicians have their f… (View Post)