Tim Dier

Approved Parliamentary Candidate for @Conservatives | Fellow @CPSThinkTank | Trustee at Mitie Foundation | Chartered Accountant | Husband, proud father of 3

[Tim Dier @TimDier]

🇬🇧 It’s time to say adiós to inheritance tax

- 🇪🇸 Madrid shows that cutting IHT can help wealth and talent grow
- 🇸🇪 Sweden learnt the hard way that death taxes don't pay
- IHT is unpopular, unfair and economically destructive

Me for @CapX @CPSThinkTank

https://t.co/HkKUemmPdT

[Gerald Ashley @Gerald_Ashley]

Same disastrous path as the off balance sheet King...Gordon Brown

[CapX @CapX]

ICYMI: @TimDier on why the Government needs to demonstrate budgetary restraint – not an increasing reliance on financial wheezes

[Andrew Griffith MP @griffitha]

I predicted the Chancellor's Budget would try to use loopholes in his fiscal rules to spend even more taxpayers money.

We are walking along a fiscal cliff edge. Sooner or later a Chancellor has to get a grip on the public finances.

Doesn't sound like it's going to be this one.
🧵(see below)

[Tim Dier @TimDier]

@LNevilleRolfe @CPSThinkTank @LiamHalligan It looks like it's happening... 😢

[Tim Dier @TimDier]

@fabianredpath And, according to tomorrow's FT, Healey's actually planning on using this very trick! What could possibly go wrong?

[Robert Colvile @rcolvile]

CPS paper, literally this morning: the govt is relying on the PuFins to borrow way more while keeping it off the books, thanks to the way they changed the fiscal rules

John Healey:

[Tim Dier @TimDier]

🚨 Oh dear, it sounds like they're actually doing it.

💸 Frittering it away and storing up trouble for the future.

💷 'Off balance sheet' borrowing is still borrowing. Taxpayers will pay the price long after this government has been shown the door.

[Tim Dier @TimDier]

💰 Hiding debt doesn’t make it disappear.

🚨 Labour’s approach to measuring debt risks encouraging more borrowing and spending - leaving taxpayers to pick up the bill.

[Karl Gustel Wärnberg @KarlGustel]

Labour madness!

Pedagogically explained by @TimDier.

[Tim Dier @TimDier]

💰 Hiding debt doesn’t make it disappear.

🚨 Labour’s approach to measuring debt risks encouraging more borrowing and spending - leaving taxpayers to pick up the bill.

[Robert Colvile @rcolvile]

Good paper from @TimDier on why the 'PuFins' - like the National Wealth Fund or British Business Bank - are looking less like growth engines and more like the new PFI. Time to clip their wings? https://t.co/Z87CtzpuX3

[Tim Dier @TimDier]

Me for @CapX

🥀 Labour need to stop using smoke and mirrors accounting
https://t.co/yiND0hQPoq

[Centre for Policy Studies @CPSThinkTank]

Hiding debt doesn’t make it disappear.

CPS Fellow @TimDier explains why Labour’s approach to measuring debt risks encouraging more borrowing and spending - leaving taxpayers to pick up the bill.

Read the full briefing here: https://t.co/582K2kX6Lh

[Rt Hon Steve Baker FRSA 🗽 @SteveBakerFRSA]

📣 Every now and then, someone comes along whose expertise, character and outlook uniquely fit them for a role and they secure it.

🙏🏻I’m thankful @griffitha is Shadow Chancellor and I hope one day he is the real thing, because he will be the real thing indeed.

💡One to follow.

[Tim Dier @TimDier]

The next PFI scandal in the making?

- PuFin smoke and mirrors are hiding borrowing 😮‍💨
- The state is a poor investor investor 📉
- Simpler and lower taxes are the answer 💷

https://t.co/3uShg3h9KQ

[Andrew Griffith MP @griffitha]

Not properly recognising liabilities is one of the two pathologies of every financial scandal. (The other is recognising revenue which never turns into cash flow).

When Rachel Reeves changed the headline debt target in October 2024, she did more than tweak an accounting rule.

By switching from measuring public sector net debt (PSND ex BoE) to public sector net financial liabilities (PSNFL), ministers created a channel to spend the same taxpayer money through Public Financial Institutions, or “PuFins”.

Debt is still debt but under Labour’s fiddled measure, spending via a PuFin barely registers against the fiscal rules.

As this excellent report from the Centre for Policy Studies shows, had the old target been kept, the October 2024 Budget would have broken the debt rule by £6 billion. Under the new one, it passed with £16 billion to spare.

Expect next week’s budget to include more examples of this dodge.

https://t.co/kmMocIgpLp

[Tim Dier @TimDier]

Instead of nannying wannabe entrepreneurs at taxpayers expense, why not just make the system easier for them to run a small business?

[Tony Diver @Tony_Diver]

Exclusive:

Benefit claimants will be given advice on how to set up their own businesses, turning side hustles into full-time work.

A pilot scheme starting next year will give young entrepreneurs advice on setting up a business bank account, registering for VAT and putting together a business plan

Pat McFadden tells @Telegraph that young people want to “do their own thing” and that new businesses are one way of tackling the NEETs crisis.

https://t.co/qcqGDQNwHv

[Tim Dier @TimDier]

👇🏻

[Andrew Griffith MP @griffitha]

This in today’s @FT from someone who was an adviser to Andy Burnham is quite the comment:

[Andrew Griffith MP @griffitha]

We are living beyond our means, passing on an ever-growing mountain of debt to the next generation.

It must change.

We Conservatives will be honest, cut welfare and wasteful spending to get our country back on track.

[Andrew Griffith MP @griffitha]

The Treasury must be wary of giving us another flawed ‘Project Fear’ in reverse. It’s credibility will be on the line.

Cheaper energy would do far more for the UK economy than another decade of debating closer links to the low-growth EU.

[Robert Colvile @rcolvile]

Timely findings from @TaxFoundation and @CPSThinkTank today given the headlines about taxing family businesses - we are steadily becoming a worse and worse place to create and pass on wealth https://t.co/8UA8a4RKq4