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UK Govt's 'Piecemeal and Incoherent' Approach to Taxation
Gordon MP Richard Thomson has attacked the UK Government’s approach to taxation as ‘piecemeal and incoherent’.
In response to the UK Government’s decision to lift the cap on bankers’ bonuses and attempt to cut the higher rate of income tax for those at the higher end of the earnings scale, Mr Thomson called for an equitable sharing of the tax burden among all people and all businesses that can make the contribution that they need to.
Speaking in the House of Commons yesterday during a debate, Richard Thomson MP said:
“Let us be clear that the funding challenge goes beyond the challenges of the economy, to meeting the parallel challenge presented by the growing and complex demands of an ageing population. In meeting that challenge, it is important that we are able to meet the demands and needs of patients, service users and staff with dignity and compassion, while making sure that the responsibility for contributing towards that financially is a burden shared fairly and equitably.
“What we have seen is a piecemeal and incoherent approach to reform from this Government, allied to an equally piecemeal and incoherent approach to taxation and the wider economy. It is often said of a person’s character that, when someone shows you who they are, you should believe them. My goodness, haven’t we in the past three weeks seen exactly what the essential character of this Government is when it comes to their priorities?
“We have seen that instinct revealed in the decision to unapologetically lift the cap on bankers’ bonuses. We see it in the attempts to cut taxes for the richest, to give least to those who need it most and to hack back on the public services that enable people to live the best lives they possibly can, irrespective of their personal circumstances. We see it in the resulting economic chaos and the fiction that out of that chaos growth will emerge, which somehow makes all of this additional borrowing affordable.
“As the chaos that has emerged from the mini-Budget shows, the solutions to the myriad problems we face are not going to be found among the dangerous, disruptive ideologues who cause mayhem by supergluing themselves to the policy prescriptions of the Institute of Economic Affairs. They can be found only by building long-term value in the economy and making sure that the burden for doing so is shared equitably among all people and all businesses that can make the contribution that they need to.”
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Note: Photo attached shows Richard Thomson MP.
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