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Re: The traditional CF voting intentions thread, week 2
Quote:
Originally Posted by Kursk
What a rambling bore. Take up gardening or knitting Andrew, please.
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Perhaps he could start up a News Channel?
---------- Post added at 18:35 ---------- Previous post was at 18:28 ----------
From the Spectator, that well-known tree-hugging Guardianista left-leaning woke magazine.
https://www.spectator.co.uk/article/...per-household/
Quote:
On Sunak’s maths, Tories will lift taxes by £3,000 per household
My colleague Ross Clark has shown how the Tories cooked up that £2,000 figure. They worked out the total cost of what they think Labour will do, using standard HM Treasury costings. Then, they divided that by the number of in-work households (18.4 million). This is a subset of the 21.4 million total UK households, so no pensioners or workless households. By choosing a smaller denominator, you concentrate the increase and conjure up a scarier figure. Then they quadruple-counted. So they took each year’s estimate for tax rise and then added them together over four years and – presto! – you end up with £2,000.
But let’s apply a similar method to the published plans of the Conservative government. We don’t need to guess what the cost of government would be: the projected tax haul figures were published by the Office for Budget Responsibility (OBR) and updated in March after the Budget. It will be £1.02 trillion in the current financial year. That’s with the tax/GDP ratio at 36.5 per cent. Let’s use that as our baseline. The OBR says the Tories plan to increase taxes to 37.1 per cent of GDP by 2028/29. So the 0.6-point increase works out at £20 billion more tax raised in that year than if the tax/GDP ratio (below) had stayed flat.
Add up all four years (as the Tories did for their Labour calculation) and you end up with a £320 rise in year one, £620 in year two, £930 in year three and £1,150 in the final year. So: a sum of £3,020 per working household. Except this would be just as misleading as the £2,000 figure that Sunak used so often in the debate last night.
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