Category Archives: financial crisis

articles, financial crisis, Labour

Now, about this ‘alternative’ …

3 Comments

London's burning

~~~~~

If this hypocritical silence is the best ‘alternative’ The Labour Party can come up with, it will be in opposition for years.

~~~~~


In his article this week, Boris derides Labour’s ‘alternative’ to bringing the British economy back to a state of fiscal sanity :  attacks on Fortnum’s and the Ritz and the setting of bonfires, all to be controlled — as best they can — by 4,500 policemen at tax-payers’ expense.  Having paid close attention to Ed Miliband’s speech, he concludes that the ‘alternative’ amounts to “two-thirds of diddly-squat”.

Continue reading Now, about this ‘alternative’ … →

articles, conservatives, financial crisis, news

Boris urges Chancellor, “Explain how you will cut taxes ?”

13 Comments

Boris JohnsonIn an interview with The Daily Telegraph to-day, reports political editor Andrew Porter, Boris Johnson, Mayor of London, expresses himself shocked by the levels of income tax, saying he never thought he would see the day when other large European countries had lower rates of personal taxation than those in Britain.  He fears this high taxation is harming her competitiveness.

In the face of criticism that high taxation is harmful to Britain’s global competitiveness the Prime Minister and the Chancellor of the Exchequer have been vague in assuring critics of their intention to lower it ;  Mr. Osborne has refused to cut the 50-per-cent. rate on highest incomes — instituted by the Labour government — despite being urged that, although it acts as a disincentive to the entrepreneurial creators of jobs and economic activity, it generates little extra revenue for the Treasury.

Continue reading Boris urges Chancellor, “Explain how you will cut taxes ?” →

articles, Euro, financial crisis

Snooty Europhiles should eat dirt

8 Comments

The Bank of England

The continent is a collection of different languages and labour-market traditions and individual approaches to deficits and inflation. … Angela Merkel is plainly facing significant unrest from a growing constituency who see no reason to pay ever more in their taxes to finance … the periphery of Europe.

I think we deserve an apology.  By “we” I mean all the Euro-sceptics, Euro-pragmatists, Euro-realists and Euro-hysterics who were alarmed by some of the optimism that surrounded the birth of the single currency.  Do you remember the disdain with which we were treated?  We were told that we were boss-eyed Little Englanders.  They used to say we were a bunch of xenophobic, garlic-hating defenders of the pint and the yard and the good old bread-filled British banger.

Whenever we protested about any detail of the plan for monetary union, we were told that we were in danger of stopping the great European train, boat, bus, bicycle or whatever it was.  We were a blimpish embarrassment to our country, a bunch of idiot children who had to be shooshed while the grown-ups got on with their magnificent plans.

So it gives me a tingling pleasure to report that everywhere you look on the map of Europe we have been proved resoundingly and crushingly right.

Continue reading Snooty Europhiles should eat dirt →