Nick Clegg, this morning, advocating closing loopholes for the rich to pay for raising the income tax threshold: ‘Right now, because of loopholes and shelters in the tax code, a quarter of all millionaires pay lower tax rates than millions of middle-class households. Right now, Warren Buffett pays a lower tax rate than his secretary.’ Oh, all right, that wasn't Clegg. That w...
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Spectator on 26th Jan 2012 (via spectator.co.uk)
The Ministry of Defence has paid out £75 million to civil servants made redundant over the past three months.
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Telegraph on 21st Jan 2012 (via telegraph.feedsportal.com)
Mitt Romney paid taxes at a rate of ‘close to 15 per cent’ in recent years, he said in an admission that will reignite debate about how investment income is favourably treated compared to ordinary wages
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FT on 17th Jan 2012 (via ft.com)
As expected S&P last night downgraded the EFSF, the eurozone’s bailout fund, from AAA to AA . The move is likely to lead to higher borrowing costs for the fund which will feed through to higher rates on any loans it pays out, reducing its effectiveness.
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OpenEurope on 17th Jan 2012 (via openeurope.org.uk)
TUC Accepts that Allegation of Acting as a Charitable Trustee Whilst Bankrupt was Without Foundation In the mid-1980’s there were over 250 unemployed centres in Britain. Today a mere handful are left, probably less than 20%. I say probably, because no one, not least the TUC knows how many. So you can imagine how I felt when opening the TUC Handbook for 2011 to see that we weren’t even ...
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OrganizedRage on 9th Jan 2012 (via organizedrage.com)