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...

Whatever happens at the next election, one thing is certain: public spending will be cut and taxes will rise. The public finances and national debt is so dire, (with each man, woman and child owing the equivalent of £30,000), that the double whammy of spending cuts and tax increases is now inevitable. David Cameron is already preparing the public for this with his warnings about the ‘a...

Taxes will have to rise after the general election to help pay off the national debt and finance new care plans for the elderly Lord Mandelson has indicated.

Yet more rich peeps say “tax me, tax me!“. “I would say to Merkel that the answer to sorting out Germany’s financial problems, our public debt, is not to bring in cuts, which will disproportionately hit poorer people, but to tax the wealthy more,” said Lehmkuhl. “We are always hearing about savings packages, but never

Alistair Darling yesterday drew the battle lines for a general election in a year's time by announcing a tax increase for the rich to help fund a record £700bn rise in public borrowing over the next five years.

TAXES may rise if Labour wins the General Election, a Cabinet Minister conceded yesterday as the party clashed again with the Conservatives over public spending.

Reducing government debt would take priority over tax cuts if the Conservatives won the next election, David Cameron said yesterday, as aides insisted the party's controversial commitment to raise the threshold for paying inheritance tax to £1m would remain in place. In a speech yesterday, Cameron appeared to keep to the government's plan to increase the rate of tax to 45p for ...

David Cameron has said his priority for government had changed from tax cuts to reducing public debt as Alistair Darling suggested any misjudgment in returning the nationalised banks to the private sector could hinder recovery.

A fairer tax system and a commitment to pay down Britain's record debt is at the centre of the Government programme announced in the Queen's Speech.

There is an anomaly in our society. Savings are taxed, debt is not - and there are even tax relief available in certain circumstances ( though mortgage tax relief has gone ). And now our society is drowning in debt - private and public. House prices are a clear example of the destruction caused by debt which enslaves most of our population. We see rising house prices as good. The government makes ...