Comment - Land Value Tax Campaign

CBI attacks Brown’s recovery plans

Written on 19 February 2009. Posted in Economics.

Gordon Brown’s economic recovery plans “lack a coherent strategy and timeline” and have yet to offer noticeable help to most companies, the UK’s leading business organisation warned on Thursday.

Brown targets Switzerland in global tax haven crackdown

Written on 19 February 2009. Posted in Taxation.

A worldwide crackdown on tax havens, from Switzerland to the Cayman Islands, will be spearheaded by Gordon Brown as the world’s richest nations use the global economic downturn to close loopholes that are costing them hundreds of billions in lost revenues.

Bank of England seeks money printing powers

Written on 19 February 2009. Posted in Banking.

The Bank of England’s Monetary Policy Committee has voted unanimously to seek Government permission to increase the amount of money in the economy as interest rate cuts lose their power to fight recession.

Britain’s AAA credit rating threatened by scale of bank bail-out

Written on 18 February 2009. Posted in Banking.

The news just goes on getting worse… and worse. Britain could be stripped of its prized AAA credit rating as a result of the Government’s latest bank bail-out, potentially jeopardising any economic recovery, according to rating agency Standard & Poor’s.

Gold hits record against euro

Written on 18 February 2009. Posted in Economics.

By Henry Law We have been warning about the possibility of 1970s style inflation since last July and noted in October that the first pieces were being put in place for a Zimbabwean style hyperinflation. Subsequent actions have all been movements in the same direction. Fears about this are now being reflected in the rising demand for gold, the price of which has surged to an all-time high against...

“Recession worse than first feared” – BoE deputy

Written on 17 February 2009. Posted in Banking.

The UK has an odds-on chance of suffering an even deeper recession than first feared, the Bank of England’s deputy Governor, Charles Bean, has warned.

Landlords still rule OK

Written on 14 February 2009. Posted in Economics.

Landlords are, seemingly, determined to pass the pain of the recession on to others. They have all the muscle needed. Hammerson, the property group, was accused last night of pushing Stylo, the owner of the Barratts shoe shop chain, into administration, putting 5,450 jobs at risk. Hammerson, whose assets include the Bullring centre in Birmingham, is understood to have led a rebellion by Stylo’s...

Labour employment plan close to collapse

Written on 8 February 2009. Posted in Welfare.

The government’s flagship policy to revolutionise welfare by paying private companies to find jobs for the unemployed was in crisis last night as firms said there were too many people out of work – and too few vacancies – to make it viable. News that Labour’s radical plan is in turmoil and facing possible legal challenges comes as unemployment is about to pass the two million...

We must crack down on the tax avoiders

Written on 5 February 2009. Posted in Taxation.

This week there has been much wringing of hands about tax avoidance. The Guardian has even run a series, “The Tax Gap” on the subject. We must have a crack-down.

A lesson for Iceland

Written on 30 January 2009. Posted in Politics.

The Icelanders are thinking of joining the EU as a way of getting out of their troubles. They should take care. They must watch their fish. Unless the fish have gone already, they should keep out of the EU. Even if the fish stocks have gone, EU membership will do them little good in the end. There is the cautionary tale of Ireland to take note of. The EU pumped money in. That caused a property boom....

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