Tag Archives: ge2017

Tax Fairness

Over the weekend, John McDonnell promised that Income Tax would not rise for most of the country but that a higher rate would be levied on those earning more than £80,000. Tax reform can be pretty technical; and so one needs to look at one or two things without losing sight of the idea that the richer should pay their share. Each tax payer has a personal allowance of £11,500 i.e. the first £11,500 of earnings is not taxed; this is clawed back if one’s income is £100,00 or more by levying a 60% marginal rate on those earning between £100,000 and £121,200. There is probably enough room for a new additional rate between the 40% levied at £42,000 and 60% levied at £100,000 and £80,000 p.a. is a lot of money; only 3% of income earners get that much. It will remain necessary to increase the amount paid by those earning more than £145,000 and redress the regressive nature of National Insurance, which negates much of the 20% band, converting it into a 32% tax burden. Labour’s promise is also that there will be no increase in employee NICs nor in VAT, although again that’s not enough … VAT has to come down from 20%.  … » Read more …

Disarmament

Corbyn interviewed on the BBC by Andrew Marr states that a Labour Government will conduct a strategic defence review and that the nuclear deterrent will be included in it. This should be no surprise. Last year, I argued that Trident should not be renewed; I am still of that opinion.   … » Read more …

And out of the traps

Labour has selected Vicky Foxcroft, the sitting MP to stand as Labour’s Candidate for MP in Lewisham Deptford. I am pleased to support her and already have my “Vote Labour” poster up. Anyone who thinks that this election is about anything other than Brexit is fooling themselves. She was one of the rebels who broke the whip to oppose the bill authorising the UK’s Article 50 notice, an action I supported. Corbyn has a problem in presenting Labour’s policy as he needs/wants to say one thing about winning and being in Government, and another should we lose.  … » Read more …

Register to Vote

 

You have until 22nd May to register to vote in the General Election

Register to vote at https://www.gov.uk/register-to-vote

Lewisham Council say, if you havn’t got your polling card by the 15th, apply again.  … » Read more …