The penny has dropped, here we are searching for justification for these Labour Party policies on economic grounds and struggling to find them.  The reason why it is so difficult for economists and political commentators to demonstrate that these socialistically inspired policies would not raise the monies that Ed Balls is suggesting is that they don’t need to raise any money at all.

In fact, by way of illustration, the Treasury themselves have carried out independent assessments and have found that 45% high income tax  raises more money than 50%.  Why then is the Shadow Chancellor promoting the latter? Continue reading →

Well, you have heard it first at the Labour Conference yesterday the somewhat ‘bumbling’ Ed Balls espousing the politically charged rhetoric that Mansion Tax will pay for the NHS.  How cynical is this?

Firstly, the proponents of this tax have no idea how much revenue it will raise and this figure is pure guesswork.  Secondly, I’m not sure how much more money needs to be spent on the NHS since the present government has maintained the fulsome commitments to healthcare of frontline medicine of the last ‘discredited Labour regime’ despite the vital cut-backs that needed to be done. Continue reading →

How can the Scotland issue possibly affect the property market in the UK?

The connection here is very current and could be predicted. Already the Pound is cascading due to international market uncertainty about the Scottish devolution issue.  Unanswered questions remain, such as:

What will happen to the Scottish share of the National Debt? Continue reading →