Tom H

[Dan Neidle @DanNeidle]

Scotland raised its top income tax rate to 48% to make the rich pay more.

New HMRC data suggests the result may have been the opposite: Scotland collected about £22m less.

We can't be sure, but Scotland may have fallen over the Laffer curve.

🧵:

[Geoff Norcott @GeoffNorcott]

What people ‘said’ is the govt underwriting everyfuckingthing might not be sustainable in the long run.

[Neil O'Brien @NeilDotObrien]

The woman who didn't pay tax on her house is going to make you pay a lot more on yours

[Polemic Paine @PolemicTMM]

Depressing that 90% of UK economic policy debate is about increasing taxation on wealth rather than increasing wealth.

[Kemi Badenoch @KemiBadenoch]

🚨When asked about new taxes, Andy Burnham said “at some point that might be having to ask for a little more"🚨

Andy Burnham isn't even Prime Minister yet but he's already talking about raising your taxes AGAIN.

We are heading for another summer of chaos with Labour obsessing about who they can tax to pay for more benefits.

It doesn’t matter who is in charge, the problem is the Labour Party.

[Neil O'Brien @NeilDotObrien]

Taxpayers should start "ignoring" tax demands until their money stops being chucked away on Benefit Street

[Robert Colvile @rcolvile]

I wish some on the Left would apply a basic sense test to their 'research'. If landlords really were making a 70% pre-tax profit margin, as this report claims, people would be flooding into the sector - instead, they're fleeing in droves.

[Christian May @ChristianJMay]

“We are currently on track to see more UK companies listing in the US this year than in the UK [and] that should be a stat that makes everyone think carefully.”

[James Clark 📈📉¯\_(ツ)_/¯ @mr_james_c]

Labour likes to claim the slogan "For the many, not the few."

Turns out that 'the few' are people who work for a living.

[Mel Stride @MelJStride]

If you aren't working why can't you look after your own children? Why should working parents pay even higher taxes to fund free childcare for people on benefits?

Labour are not the party of work, they are the party of welfare.

[alexmassie @alexmassie]

It’s almost as though there is some crazy competition to see which cabinet minister can most completely prove Pat McFadden right.
(At present childcare subsidies are only available to those in work. McFadden noted that all his meetings are about who to tax to fund benefits.)

[Tom H @TomHL]

Making money by arguing to take other people’s money is quite a grift.

[Gary Stevenson @garyseconomics]

The future of this country is extreme poverty, unless we tax the super rich more.

[Ryan Bourne @MrRBourne]

Like bragging about being the best looking man in the burns unit.

[Robert Colvile @rcolvile]

Who cares about saving lives when you can pander to the left? https://t.co/3gL0c4vUru

[Tom H @TomHL]

Labour MPs, most of whom have never held a job outside of politics, and even fewer of whom have held a job in the private sector, should not touch business and enterprise. They have done enough damage already.

[Financial Times @FT]

Burnham’s team looks to revamp UK’s AI strategy https://t.co/DcGteP9BtT

[Ben Ramanauskas @BenRamanauskas]

Just scrap the NHS and replace it with a social insurance style model.

[Iain Martin @iainmartin1]

What’s the point of the motor car? Who is it for? What’s your plan for dealing with all the people and horses impacted by the introduction of the motor car?

[Ben Harris @btharris93]

I think you're confusing "anti-Northern snobbery" for a genuine annoyance at what appears to many people to be Burnham attempting to use his "Northerness" as a substitute for actual policy.

[Hugo Gye @HugoGye]

'Imagine if I played up front for England. Imagine if cats could talk. Imagine if it were Christmas every day.'

[Simon French @Frencheconomics]

Announce the end of the triple lock, approval of new N Sea oil and gas licences, and bridge the inevitable financing gap until these savings/ revenues come in with IHT-exempt War Bond issuance (which would probably be hugely oversubscribed and push down the average cost of borrowing). To govern is to choose.