James Dowling

Social Capital: 8SC
commented on Let's do renewables right 2015-08-04 21:28:45 +0100 · Flag
Stop subsidising solar panel installtions that are only 20% efficient (ironically the EU also apply tarrifs to Chinese solar panel imports). Spend the savings on R&D to double the efficency and develop effective overnight storage.
commented on Plans to merge National Insurance and Income Tax are fantastic news 2015-07-27 20:01:33 +0100 · Flag
But are you deciding who is near retirement. Pensions can be paid from age 55. No use protecting people just over 60 or 65. I really don’t see it is your perogative to increase tax rates by over 50% on pensions, just to achieve a small increase in transparency for employees on PAYE. You are damaging the income of those who can afford it least. It takes a million pounds to get an income of only £27k pa on an index linked annuity. Your tax change would make increase that figure by well over £100,000 to achieve the same net income. Why do you have to right to (in effect) take £100,000 from some savers?