A pay rise in nominal terms isn't really a pay rise of its at or below inflation. So yes, fiscal drag is effectively a tax increase. There's a reason we report on real (i.e. inflation adjus… (View Post)

This is why Chancellor's shouldn't make more than one budget/statement per tax year. All at the same time, we've ended up with employee's and employer's NI rising, employee&#… (View Post)

I've got the future Conservative solution to all our problems: abolish income tax and employee's national insurance and replace it with a 60% base employer's NI rate and 70% higher emp… (View Post)

There is already a dementia tax, I know because the last surviving grandparent on both sides of my family have paid it and ended up with nothing after care costs. I agree the politics of inheritance … (View Post)

That would make an excellent billboard poster for Labour. (View Post)