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Just to be clear, I don’t accept the model. That was a slightly facetious statement, the idea that any nation runs on a single tax and has a specific percentage that’s acceptable is a nonsense. Take two examples. (Assuming a vastly oversimplified single tax rate) 1. A nation where the...

But it still raised £8m. And one should never trust politicians predictions of what future tax take will be, you make the change and when you have hard figures you can determine whether you’ve gained or lost. The Scottish people gained an additional £8m toward their housing, schools and...

Then they’re doing well enough to choose not to work more, which is an individual imperative, but the tax bands are marginal, they’re only paying the higher level of tax on earnings above the thresholds. That’s nothing to do with the Laffer curve, that’s an individual going “I’ve got enough on...

There’s a myth that people won’t bother making money if tax is high. While it is absolutely true that if you tax enterprises that are only marginally profitable too highly, you remove the incentive to perform those activities, no businessman has ever given up a profitable enterprise because the...

Absolutely this, back of a fag packet diagram drawn by a guy with the agenda of agendas. Like going to Nigel Farage for a balanced appraisal of the merits of the EU, or Nye Bevan for an unbiased opinion on the merits of socialised healthcare. Lafferism has been widely discredited, it’s a...

Frankly, Momentum and the Socialist Workers Party are just factions of the left, like the ERG and the wider “Tufton Street Boys” are factions of the right. They can do a lot of damage only if they’re pandered to, which has been the Conservative Party’s weakness from Cameron to now. We will...