In response to the 2009 Budget Speech, which committed British taxpayers to record levels of debt, TaxPayers' Alliance Chief Executive Matthew Elliott said: “This Budget commits taxpayers to a terrifying amount of debt that will burden ordinary families for decades...
submitted by
TaxPayersAlliance on 22nd Apr 2009 (via taxpayersalliance.com)
Claims from The Taxpayers’ Alliance website that the fiscal stimulus measures contained in the Pre Budget report would result in double the national debt Britain incurred from the the Great War have been debunked by Don Paskini: “To get the figure of £255bn, the Taxpayers’ Alliance used the retail price index measure. As an economically valid
submitted by
LabourMatters on 27th Nov 2008 (via labourmatters.com)
If this government is to retain the debt market's confidence it must shed its reputation for overly optimistic forecasts and must also try to avoid rolling over a large amount of debt at any one time
submitted by
FT on 24th Apr 2009 (via traxfer.ft.com)
Charting a crisis So once again, it's taxpayers to the rescue. The bill will be big and will have several chunky elements: Debt - governments are taking on a stack of debt from floundering banks; in the US the transfer...
submitted by
TaxPayersAlliance on 22nd Sep 2008 (via tpa.typepad.com)
Charting a crisis So once again, it's taxpayers to the rescue. The bill will be big and will have several chunky elements: Debt - governments are taking on a stack of debt from floundering banks; in the US the transfer is adding hundreds of billions to taxpayer debt; here in the UK we've already got the Crock's £100bn, plus whatever implicit guarantees Brown may have given Llo...
submitted by
BurningOurMoney on 22nd Sep 2008 (via burningourmoney.blogspot.com)
Shocking new figures from the TaxPayers' Alliance reveal that the borrowing plans announced in yesterday's Pre-Budget Report will run up double the debt that Britain incurred winning the First World War. Total Debt increase 1914 - 1919 (2007 value): £255,106,544,018...
submitted by
TaxPayersAlliance on 25th Nov 2008 (via taxpayersalliance.com)
Now I thought that would get your attention. Well lets face it we are all - after the bidding war with debt for votes is over - going to have to pay more tax. Proposal 1: A national mortgage( or debt) tax : The Debt raised should be visibly paid back and calculated for each tax payer. A proportion of income tax should be re-badged as debt repayment tax and at the end of each year all taxpayers sho...
submitted by
ManInAShed on 29th Jan 2009 (via atoryblog.blogspot.com)
What happens when you borrow too much Is there any private debt Brown/Darling won't force taxpayers to guarantee? On top of the £6 trillion of bank debt he's already taken on, yesterday he started on the £1.5 trillion of household debt. True, the details of his £400 grand mortgage interest guarantee scheme seem particularly half-baked even by his standards, but the prin...
submitted by
BurningOurMoney on 4th Dec 2008 (via burningourmoney.blogspot.com)
So this was the Recession Budget surprise: a seven-year horizon with no debt repayment plan. Ha! Bet you didn't expect that. Britain is to be transformed from a low-debt country into a nation saddled with a wartime debt without having fought a war. And as for today's Brownie - it's one the Stern Review used: fake juxtaposition. Brown presents the splurge (or splutter: £9.2bn th...
submitted by
Spectator on 24th Nov 2008 (via spectator.co.uk)