The Daily Telegraph reported that a study by HM Revenue and Customs showed the very rich had reduced their average income tax rate to just 10%. Chancellor George Osborne: He told the newspaper: “I was shocked to see that some of the … Continue reading
Category Archives: Finance & Economics
http://www.bbc.co.uk/news/magazine-17543356
The average wage, calculated by the International Labour Organization, is published here for the first time. It’s a rough figure based on data from 72 countries, omitting some of the world’s poorest nations.
Top 1% of UK earners pay almost 30% of all income taxes
The 47 billion they pay is more than the Treasury raises from Company profits and is enough to fund about one third of the welfare state. Just 308,000 fall into this group. Since 2000 the share of tax revenue paid … Continue reading
Nudge theory in UK gov & councils
Nudge theory trials ‘are working’ say officials Trials suggest millions of pounds could be saved by using “nudge theory” about how people behave to encourage them to pay taxes and fines, officials say. Trials organised by a special government unit … Continue reading
Who benefits from the wealth of the rich ?
Some figures taken from a BBC article (with ‘video’) called “Is anyone benefiting from the wealth of the super rich?”: In the USA, how much more are CEOs paid than average workers? 1965, 24 times more 1992, 126 times more … Continue reading
What caused the 2011 Euro Crisis ?
For Greece, did entry into the Euro allow too easy access to too much cheap credit, so that the private sector went into too much debt ? It looks that way from this BBC article on ”What really caused the eurozone … Continue reading
UK Income Distribution – Part II
In the year 2007-08: £ 29,500 you’d be just in the top 25% £ 44,900 you’d be just in the top 10% £ 61,500 you’d be just in the top 5% £ 149,000 you’d be in the top 1%. These … Continue reading
City Fat Cat Salaries
- Do we hate bankers because of a long term cultural history that is strong enough to have strong religeous basis for Muslims and Jews ? – Should we also be overtly blaming the governments that created laws to encourage … Continue reading
The Euro :: Interest Rates on 10 year Gov Bonds
From a series of slides on the BBC Website, “Top economists reveal their graphs of 2011” VICKY PRYCE, SENIOR MANAGING DIRECTOR FTI CONSULTING: “This chart personifies the eurozone crisis over the past year and all that is/was wrong with the … Continue reading