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If you scroll to the bottom of the table on this link, it shows the corporation tax averages across the world. As you will see, the cuts we are going to introduce just follow the trend across the world over the last few years, and indeed recent decades.

Rather than a cut, it's more just keeping up with everyone else. Corporation tax is more so than ever a massive area of competition for countries so is more influenced by market forces than the independent will of the nation.

I'd assume that's the thinking anyway

26th January 2010 - Enter Administration
2nd May 2010 - D-Day 1 - Survival at Hillsborough
1st June 2010 - D-Day 2 - Survival at Lloyds
7th June 2010 - CPFC2010 exchange contracts.

Yes - corp tax I get, just personal tax and inheritance tax I don't get (as I said,m at the moment)

There are three approaches to taxation, that can be presented successfully.

1) Low tax, low government spending
2) Reasonable tax, reasonable spending
3) High Tax, High Spending

All of these are only successful for certain demographics. In the first low spending means poor education, negligible public spending, high poverty impact.

The second is a myth.

The third tends to limit investment, innovation and business attraction.

In reality for any of them to work, the government needs to spend wisely, and publically state what they will be providing and not providing.

For example, paying higher taxes can be sold to a public, that gets great returns on education from the state, because whilst the wealthy are paying more tax - they don't need to worry about things like private education, university fees etc. Low tax works fine if the public is happy spending most of that on things like welfare programs, state infrastructure, education etc rather than expensive defense projects and everything being means tested (ie state education is only for those who can't afford it).

The problem has always really been that successive governments claim they can provide the benefits of a high taxation system spending, whilst minimizing taxation.

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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Nice to see the Tories continue there assault on the emergency services.... 1% pay increase frozen for four years..

You're all heart George.. Thanks mate.

Don't waste your time with jealousy. Sometimes your ahead, sometimes your behind, the race is long. But in the end it's only with yourself!!

All seems pretty common sense.

No housing benefit for under 21s. I had mates who moved out of happy family homes because they could get a place for nothing. It's unproductive and halts any aspiration to actually get a job to get your own place.

£9 living wage, even if it hits companies profits who have minimised their tax exposure on those anyway, a no-lose.

Capping child benefit. Hoepfully a return to an era when people would have kids only when they were financially stable rather than having 12 for the rest of us to pay for.

No social housing over £30k. I can't believe you were previously allowed to earn anywhere near that much.

Cut on tax relief on buy-to-let mortgages. Another thing I'm shocked to hear actually existed.

Boost to cadet units in schools is a great idea.

Pension increase to Vicotria and George Cross recipients, could have been extended to the wider forces.

Student grants replaced by loans (loan increased). Half of all the debt is never repaid anyway. I don't want to agree that it keeps poor kids out of education, as I my grant was just beer money but I'd favour moves that actually see people encouraged to get a job like apprenticeships.

The reaction from Labour predictably only mentions benefit cuts and not the actual benefit delivered to working families. It goes to show really what they're all about and what the voters want them to be about and thus why I'm thankful every day for a Tory majority government.

There isn't a lot about it, at first glance that concerns me. The only issue I can see is the cut of tax credits occurring before the raising of minimum wage - and that minimum wage is a national, rather than regionally defined.

I suspect the idea that idea that employers will spend their cuts on wages and staff won't actually materialize in anyway, as demand and competition tend to drive wages.

There is a concern regarding the minimum wage raises being for 25 and overs, as plenty of young people have to exist and survive without the comfort of family to fall back on.

The rest is fairly standard fare, nothing exciting but nothing controversial

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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