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Realistbear

Iea Blame Gordon "miracle Economy" Brown For Taxes

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http://freeserve.advfn.com/news_UK-s-high-...s_14162014.html

LONDON (AFX) - Britain's high tax burden under Chancellor Gordon Brown is
costing the UK economy an extra 138 bln stg a year in lost wealth by crushing
incentives to work, trade and invest, The Business reported, citing research by
the Institute of Economic Affairs (IEA).

Now things are turning worse the blame comes out.

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Anyone who has even a remote understanding of the economy has known for years that Gordon has been a complete disaster. Nu Lab have 'bought' artificial jobs at the expense of real investment in an effort to keep unions and their supporters happy. Needless to say, 'real' jobs are now falling and he is having to find extra ways to keep his muppets in their artificial positions. The sooner Labour go, the better for everyone.

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Also see 'Real cost of taxes now more than half UK GDP

http://www.thebusinessonline.co.uk/Stories...64-77D319370A74

Britain's high tax burden under Chancellor Gordon Brown is costing the UK economy an extra £138bn (E200, $247bn) a year in lost wealth by crushing incentives to work, trade and invest, according to a report this weekend.

The research, by Fred Harrison and published by the Institute of Economic Affairs, shows the indirect cost of the tax system to be far greater than usually realised -- about 12% of national wealth. It will deal Brown a further blow at a time when he is already under fire for his role in Labour's crushing defeat in the Dunfermline and West Fife by-election last week.

If added to the 42.4% of GDP already accounted for by the state, according to the OECD's measure of the tax burden, this takes the total cost of government -- even before excluding the massive cost of red tape -- to significantly more than half of national income.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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