Tag Archive | Economy

Should 40 per cent tax relief on pensions go?

Latest news on pensions, released nicely in time for the weekend papers to make a big thing out of is the suggestion that 40% tax relief on UK pension contributions should be limited to 20%. The timing is interesting not just because of its focus on the current dissatisfaction with the higher paid, but it […]

Why a smaller Trade Deficit is bad for Britain

The UK’s latest Trade deficit figures are being lauded as positive news and the “best ever since 2003“. Now, when deficits get smaller it’s supposed to be good, right? In this case, wrong. It’s actually quite a bad sign, especially when you compare it to Germany which is in the supposedly hopeless Eurozone.

The Week of Denial

This week every other news item seems to be about some luminary, or thinks-he-is-a-luminary, exhibiting remarkable powers of denial over reality. Here are the shockers that most immediately come to mind: Zimbabwe Robert Mugabe is clearly in denial about having been defeated in the recent elections. Not only has the result not been made public, […]