We have an aging population that’s also getting fatter. The combination is toxic for NHS finances: Diabetes & heart disease are long term diseases that cost a lot to treat & old people cost a… (View Post)

This is infantile. Firstly, the Laffer curve is about the relationship between tax rate & tax revenue. It has nothing to do with GDP growth. Secondly, Laffer is obviously true at the extremes. Bu… (View Post)

Given that the tax cuts -> economic growth path only works if you have Keynes “animal spirits” there to drive the growth, this is a massive problem. Currency crisis anyone? (View Post)

Quite. IR35 has been a huge mess for HMRC. The original intent was sound, but the implementation was a disaster. Fixing tax rates so there’s no tax benefit from ltd company employment is the only rea… (View Post)

Don’t overseas visitors already have VAT free shopping? I’m sure I used to see signs about it in the high-end shops round here. (View Post)