Vince Cable attacks billionaire tax dodgers
Liberal Democrat Treasury spokesman Vince Cable has today attacked so-called "billionaire tax dodgers" who he believes are attempting to influence the Conservative party and future UK government policies. In a speech to the Institute of Directors he claims that many of the business people who signed a letter supporting the Conservative party's partial repeal of the Labour Party national insurance increase were literally "stepping off a plane from the tax havens" to support the move.
Vince Cable has made something of a name for himself over the last few weeks with his straight talking and well received policies, although there is some concern about the fact he has flip-flopped on a number of key issues. The Liberal Democrats have long been willing to tackle a number of taboo subjects such as taxation, welfare and immigration, something which has been well received by the UK electorate.
It will be interesting to see whether Vince Cable has a role to play in any coalition government as there is been growing support for him to be involved in some shape or form. Many people believe that the Liberal Democrat party currently holds the key to Number 10 and there have been initial soundings about potential Labour/Conservative coalitions with the Liberal Democrat party.
Share this..
Related stories
TUC attacks government spending cuts
In a damning assessment of the UK government's proposed budget cuts and tax rises the TUC has today issued a report suggesting that pensioners and single parents will bear the brunt of the forthcoming budget changes. Indeed the TUC believes that the poorest elements of the UK society will be hit a worrying 10 times harder than the rich. Not only does the TUC believe that direct cuts will impact...
Read MoreCoalition claims rise in UK real term wages
24/01/2014 Today the coalition government have claimed that the majority of British workers outside of the top 10% of earners have seen their take-home pay rise in real terms. The figures produced by the coalition government show take-home wages have risen by 2.5%, which is 0.1% higher than the annual Consumer Prices Index (CPI) increase of 2.5% to the year April 2013, with Prime Minister Da...
Read MoreUK economic growth under pressure
The CBI has today issued an update on economic growth forecasts for the UK which are expected to be around 1% for 2010 and 2.5% for 2011. As a consequence, the UK government's current forecasts of 1.25% growth this year and 3.5% next year are under increasing pressure and many believe that Alistair Darling will use the next budget to revise these figures. But how will this impact upon the next ele...
Read MoreShould the regulators have forecast the ongoing recession?
As the FSA releases details of the criteria used in various stress tests amongst UK financial companies, there is a growing debate as to whether the UK regulator should have been able to forecast the current demise of the UK economy as a whole. Even though we are currently in a situation which has never been repeated in the modern era there are various aspects which have appeared in the past, most...
Read MoreUnemployment figures released in error
The Office for National Statistics is this evening under severe pressure after UK unemployment figures were released 24 hours early. However, the early release has not taken away the impact of the figures which showed a rise of 244,000 in the first three months of 2009 culminating in a total of 2.2 million people now out of work. While an investigation is underway within the Office for National St...
Read More