Ah yes of course, State spending is around 40% but tax income closer to 36% - which is why we’re in this mess in the first place! I still think the govt might have got away with say a 2-3 point incre… (View Post)

Indeed so, but I have a feeling there will be a devil in the detail somewhere, for example an expected price of electricity that’s a million miles away from Ed Miliband’s vision of the UK having the … (View Post)

Gazprom Savalat oil refinery, 1,300km from Ukraine, appears to have ‘gone on fire’ this morning. How unfortunate that this appears to be now something of a daily theme. https://x.com/osinttechnical/s… (View Post)

That Cameo still exists is the bigger shock! I thought that was for unemployed entertainers to raise some cash during the pandemic, and when they all went back to the day jobs of acting and telling j… (View Post)

Debt is nearly 100% of annual GDP. To wipe it out in two years, tax income would need to rise from 40% of GDP to 90% of an unchanged GDP. So in basic terms the major tax rates (income tax, NI, VAT, c… (View Post)