The Treasury is cashing in on the housing crisis with Stamp Duty revenues approaching record numbers and millions more being dragged into the punitive, higher rates, according to figures from Nationwide and the Office for Budget Responsibility.
Despite the number of home sales being significantly below those for the 12 months to October 2007, when Stamp Duty revenues peaked at £10.6 billion, the building society estimated revenues have soared to a total of £10.2 billion for the 12 months to June. Continue Reading
On Wednesday, three of us from Tufton Street made our way to Liverpool John Lennon Airport to continue our week of campaigning against Air Passenger Duty (APD), calling on the Chancellor to axe the hated Holiday Tax.
Two lattes, three trains and four hours later, we finally arrived and unpacked. Our stand was set up just as holidaymakers headed to departures, which meant we had an audience of flyers who at this time of the year are all too aware of the painful effect that APD has on the price of going away. Continue Reading
Yesterday Andy Silvester wrote on the Spectator blog, arguing for a proper Recall Bill.
There seem to have been few people who did not offer their two cents on David Ruffley. From domestic violence charities to his political opponents, in the chattering classes and in the blogosphere, all kinds of people felt the need to share their opinion about whether it was appropriate for the Bury St Edmunds MP to remain in Parliament after accepting a police caution for assaulting a former partner.
Dia Chakravarty wrote for the Conservative Home website this morning, slamming the proposals to implement a new tax on supermarkets.
Twenty councils, led by Derby City, are calling for the right to impose a tax on large supermarkets, supposedly to be reinvested in the community and help small businesses. Retail outlets with a rateable value of over £500,000 would have to pay an extra business levy of up to 8.5 per cent.
Figures released last week by BBC Wales have highlighted that local authorities have spent £30m of taxpayers’ money on redundancy packages. There have been a number of local authorities in Wales who have increased council tax up to 5% and the figures are nearly double last year’s. When I hit the streets and talk to residents in Wales, they often complain about cuts to their front-line services, with no serious attempt by some local authorities to make serious savings. Continue Reading