Activity

[...] there is both continuity and change in people's circumstances from year to year. We do not live in a country where there is an annual lottery to determine at random who is rich and who is poor for the coming year regardless of where they started last year. But nor do people generally stay s…

If we are looking for a reason for pressure on those with middle incomes, it is not at the bottom end we should be looking. Rather, it is at the top. If anyone got too expensive, it has, in fact, been the rich.

• low and high earners should pay the same share of income in tax (a proportional system;
• higher earners should pay a higher share of income in tax (a progressive system);
• both should pay the same amount in tax (a regressive system).

They were also asked how state pensions and …

[...] Receiving a lot of healthcare from the NHS does not really make people 'better off' than those who do not need that care (although the recipients would be a lot worse off if they had to pay for it privately). [...]

[...] debt was a consequence, not a cause of the problems that led to the crisis. Debt did not descend like manna from the heavens but was a conscious response by borrowers to the situation they faced. [...]