Recovery requires lower taxes, less regulation

Sterling fell - and exports decreased compared to imports.

Perhaps after decades of high taxation and invasive regulation, it's getting pretty tough for our businesses to actually produce things folk would want to buy in an open world market.

Our wealth creators now need permission from an army of officials - funded out of the taxes they have to pay - just to go about their business.

And so guess what? There's now less wealth being created.

Posted on 10 March 2010 by Douglas Carswell

Comments

Got it in one Mr Carswell, got it in one.

Posted on 10 March 2010 09:28 by mike rolph

I think we need fairer taxes. The best way to create wealth is to increase the spending power of people on low incomes. If you decrease the tax burdon of the rich, there is no guarantee that their increased incomes will trickle down to the rest of us. The tax let-outs of the Abramovichs, Murdochs and Ashcrofts are only part of the huge dodge purpetrated by the disgustingly rich. 20 billion a year? 40 billion? Nobody knows. We do know that those taxes could build hospitals, pay for child protection and care for disabled people.

Posted on 10 March 2010 10:32 by john ratford

To make my small FS advice business more efficient first I have to give the FSA £1,500 and then deposit £10,000 as 'capital adequacy'.

Why?

Posted on 10 March 2010 12:57 by lola

Good idea. We should set up an agency to look into which regulations could be removed without adversely affecting equal opportunities, gay rights or ethnic minorities, and which will not compromise health and safety or EU regulations. Anyone who wanted a rule removed could apply to have it checked out and if it passed assessment, it could be removed.

OK, I'll get my coat, provided the council officer says I can have it.

Posted on 10 March 2010 16:17 by David Hough

Come on Douglas, when are you going to knock 'Dave' off his pedestal and lead us all? I'd stop voting UKIP if you did....

Posted on 10 March 2010 16:28 by Atheist Ranter

Just as in Atlas Shrugged when all the productive businesses moved from the high taxing states to Colorado, and then closed when the government decided to levy special taxes on Colorado to subsidise the rest. Yesterday's fiction, today's reality?

Posted on 11 March 2010 09:18 by David Cooper

Not only is just over half the economy government spending but that government regulation prevents the creation of/destroys at least another 100% of possible GNP (eg the Teeside steel mills closed to obtain carbon credits while the parent company opens new steel mills in India; the fact that 75%+ of electricity prices are regfulatory; thaat the H&S regulators destroy the equivalent of 4 million worker's effort & housing planners something not much less.

Posted on 11 March 2010 10:56 by Neil Craig

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