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The inheritance tax threshold will be raised if the Conservatives win the election, David Cameron, the UK Prime Minister pledged. This would benefit some home-owners in areas with high property prices. But, even for them, the deal is not as good as it might sound.
Low share prices when the UK government privatised Royal Mail cost the taxpayer around £1 billion, a parliamentary committee has reported. Meanwhile the National Health Service and social services are in financial crisis.
The Netherlands government plans to slash social care funding and put pressure on frail elderly and other disabled people to do ‘voluntary’ work in return for any help they get, the newspaper Volkskrant reported. Austerity measures have already taken a heavy toll, and are hugely unpopular.
Hundreds of millionaire bankers will enjoy an extra £54,000 on average each year from 6 April 2013, thanks to a cut in the top UK tax rate (assuming they pay taxes here and opposition calculations are correct). A massive state bailout previously saved many banks, after their sector triggered an economic crisis in which numerous taxpayers suffered. By coincidence, Mick Philpott – whose crimes are being exploited by the Chancellor and Prime Minister to undermine the principle of social security – also apparently received £54,000 a year from public funds.