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The ravings of an individual, UK voter frustrated with our politicians

Posts Tagged ‘green taxes

Gordon Brown, economic competence and his Legacy

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Most politicians worry about their legacy, Tony Blair for example seemed to be permanently preoccupied with how his tenureship as prime minister would be viewed by future generations. No doubt, it sometimes pal, Gordon Brown will have similar thoughts. So I have taken a moment or two to list some of his ‘achievements’ which will hopefully act as an aide-memoire when he comes to having his autobiography written. No doubt I will have missed one or two, so please feel free to fill in the blanks, he may need all the help he can get.

  1. Raided private pension schemes to the tune of £100bn over 10 years, whilst allowing public servants to retain their gold-plated, index linked, early retirement pensions.
  2. Introduced more stealth taxes than any other chancellor in history, equivalent to an extra 10p in the Pound on the basic rate of tax (source: Grant Thornton).
  3. Sold the UK’s gold reserves at the bottom of the market despite expert advice not to.
  4. Introduced ‘green taxes’ knowing full well that the revenues gained would not be spent on green initiatives, another successful stealth tax to add to the collection.
  5. Successfully achieved goal of becoming prime minister without going through the inconvenience of being elected by the people.
  6. Sold out the UK’s sovereignty to unaccountable, foreign elections, in spite of a promise to allow the public to decide through a referendum.
  7. Destroyed the union and in the process, ensured that his countrymen received more money per head than those in England and Wales.
  8. Missed virtually every financial growth target announced in each successive budget without so much as a murmur from the press.
  9. Successfully managed to dupe and the press into believing that he was an iron chancellor driven by prudence, when in fact he was a spendthrift.
  10. As the architect and driver of the revised PFT initiative proposed by the conservatives, saddled the country with a bill of £170bn which must be paid by 2032, without having to include the figure as part of the public sector balance sheet.
  11. Managed to keep the £780bn public pensions deficit off the books, even though this is equivalent to over £30,000 per household and must be paid out of future tax receipts.
  12. Managed, without any consideration of the irony, to lecture people on their level of borrowings, whilst building up nearly £500bn of dept of the governments own ‘credit card’.
  13. Introduced a complicated tax credit programme that managed to lose £2bn every year through fraud and errors.
  14. Left the taxpayer saddled with £1.7bn of Metronet’s debt having been the person that pushed through the Private Public Partnership initiative for the London Underground.
  15. Managed to convince the public that local authorities are responsible for the doubling of council tax, whilst actually placing responsibility for all additional services firmly with the local councils.
  16. Managed a real blinder, by camouflaging the inflation rate by changing the measurement from RPI to CPI.
  17. Underwritten £17bn of debt for Network Rail, without having to include it on the public balance sheet.
  18. Survived the embarrassment of claiming in March 2006 that 31,000 government employees had been trimmed off the payroll, whilst the Office for National Statistics claimed one month later, that the headcount had actually increased by 62,000 a difference of 93,000!
  19. Managed to introduce such a complex set of rules and regulations, designed to extract maximum tax take, that the annual Finance Act  (summary of tax changes in the budget) has increased from 300 pages or so in the 1980’s to over 10,000.
  20. At a time when businesses are struggling and people are having to tighten their belts, presided over a government that has some 78 acres of empty space if office buildings and grace and favour homes.
  21. Managed to push another 3.5m people into the higher income tax bracket, using a favoured trick of ‘fiscal drag’, where the tax threshold is raised more slowly than earnings are rising, so that workers end up paying a higher proportion of their income in tax
  22. Twice shifted the timing of the ‘economic cycle’ in order that the so called “golden rule” would not be missed, resulting in a brazen massaging of the figures.
  23. Ensured that there are now twice as many tax collectors as there are nurses, demonstrating firmly where the government’s priorities lie.
  24. Managed to convince people that they are “better off under Labour” even though each family pays more than £5,000 in extra tax, compared to 1997.

I could continue, but there is a real risk that this page would just take too long to load. Perhaps I should keep a copy for Gordon Brown’s ghostwriter!

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