Trump’s escalation against Venezuela is about more than oil, it is about regaining control over the ‘natural’ zone of influence of the United States at a moment where its hegemony is slipping, argues VIJAY PRASHAD
Capital gains tax: an open goal for Labour
Raising capital gains tax to match income tax is not only economically sound but morally just, potentially raising billions for public services — it’s an absolute no-brainer for any Labour government, argues BERNIE EVANS
Chancellor of the Exchequer Rachel Reeves makes her keynote speech during the International Investment Summit in London, which brings together up to 300 industry leaders to boost investment in Britain, October 14, 2024
Evidence suggests Lammy’s proposals would come at a high cost: reduced fairness, diminished trust and greater racial inequality in the criminal justice system, argue TARA LAI QUINLAN and KATHARINA KARCHER
From the workhouses of the 1840s to today’s market capitalism, A Christmas Carol remains a sharp critique of charity rationed by class, says KEITH FLETT
The argument for a “significant expansion” of nuclear power will deliver soaring electricity prices that condemn underserved communities to unending hardship and poverty, argues LINDA PENTZ GUNTER
The new plan sets out an uncompromising bid for global dominance, casting even allies as obstacles to be subdued, writes DIANE ABBOTT
As we approach the half-anniversary of the Grenfell tragedy, the community gathers to remember loved ones while grappling with mixed emotions surrounding the ongoing deconstruction of the tower and the hopeful plans for a memorial, writes EMMA DENT COAD
SINCE the election, speculation has been rife about which taxes Chancellor Rachel Reeves will increase in the forthcoming Budget.
Having accepted the idiotic Tory fiscal rules, raising income tax, VAT, and corporation tax isn’t an option for her, and so attention has been focused on other possible ways of acquiring much-needed resources to fund our public services.
Increasing National Insurance contributions from employers is clearly on the cards, but it has the disadvantage of hitting small businesses like local pubs, shops and restaurants, many of which are already in danger of going under.
Along with a new wealth tax, which sadly seems to have been given the thumbs down by Reeves, and closing all the loopholes around inheritance tax, paid by only 6 per cent of the country’s population, the most sensible option is to concentrate on capital gains tax.
Similar stories
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises
Chancellor Reeves' planned public spending cuts will ‘open the door’ for Reform UK, McDonnell warns as campaigners get set to rally outside the Treasury
BERNIE EVANS despairs of a government that is asking the crooks sucking Britain dry how to get the economy back on track
Labour’s ex-banker Chancellor plans deregulation while City profits soar and customers suffer — between money laundering scandals and the exploitation of Covid loans, it’s clearly time to end this madness, says BERNIE EVANS