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The government's 2010 Comprehensive Spending Review was anything but comprehensive. The cuts to government spending were modest, and large swathes of state activity were barely touched. Britain will remain a heavily regulated, high-tax, high-spend economy. Instead of totally reviewing the...
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Abolish the budget in its current formSummaryThe annual budget should be abolished in its current form. It should be replaced by a simple statement outlining the tax rates, allowances and borrowing levels required to finance the government’s spending obligations as outlined in the previous...
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When applied to investments in company shares, capital gains tax is a double tax because it taxes anticipated profits and retained profits that are taxed elsewhere in the system. It should therefore be abolished. Where investments are designed to hide income as capital gains, income tax should...
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Executive summary:Government spending is over 50 per cent of national income. Spending grew steadily in the twentieth century and then experienced very rapid growth from the beginning of the 21st century.Much government spending discourages economic activity and prevents innovation and...
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2014 Budget should be the last in its current formatSummary· Even though growth has picked up significantly in the last three quarters, the UK’s economic and fiscal challenges remain much the same.· A significant amount of fiscal consolidation will still be needed in the next Parliament, and...
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