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Centre for Policy Studies bulletin 14th October 2011 

Media Round-up 

Michael Johnson's call for the scrapping of higher rate pensions tax relief continues to gain coverage
 
Harriett Sergeant commented on the findings of the Care Quality Commission's damning report into NHS care. 
 

From the Blog  


Forthcoming Events  

in conjunction with The 1900 Club

How To Revive The British Economy, Monday 17th October, 18.15 - St. Stephen's Club, London
Allister Heath, Editor, City AM 


 


CPS HEADLINES


Ryan Bourne outlines how the Government could fund tax cuts now
 
Videos of CPS Conference events now available online
 
Ted Bromund, Senior Fellow at the Margaret Thatcher Center for Freedom at the Heritage Foundation, explains how Mitt Romney is the candidate backing the ‘Special Relationship’ in the Republican leadership race

Adrenalin Now –targeted tax cuts

 
Given the fragile state of the UK economy, funded tax cuts and deregulation are urgently required to kick-start the economy writes Ryan Bourne in Adrenalin Now – Funded, popular tax cuts to boost the economy, published by the Centre for Policy Studies on Thursday 13 October.

In the report, Bourne:
  • notes that if growth is half that forecast by the OBR across this Parliament, the deficit will still be 9% of GDP by 2015 
  • proposes £14 billion of savings from abolishing the differential rates of pension tax relief for higher rate payers, abolishing contracting out of S2P, cutting international aid to 2010/11 spending and ending the 25% tax-free lump sum entitlement from pensions.
  • recommends abolition of the 50p tax rate, and swift cuts to corporation tax, employer NICs and a £500 increase in the personal allowance above the Government’s proposed plans.
Polling undertaken for this report by ComRes shows support for many of these policies. While a majority oppose the abolition of the 50p tax band, when it is accompanied by an increase in the personal allowance, more people than not actually support the proposal.
 
The full pamphlet and polling results can be downloaded from here and here.  
 
Media Impact:
 
  • Telegraph  - (front page of the business section) 
Think-tank calls for tax cut to boost economy 
  • ConHome:
Tim Montgomerie: George Osborne has six weeks to save his economic policy
Ryan Bourne: Targeted tax cuts now would aid growth and would be popular 
 

Videos from conference now available

Videos from our events 'Savings in an Age of Austerity' and 'Barriers to Economic Growth' are now available on our YouTube and website. The Financial Times also blogged about our event 'Be Bold For Cuts'. 
 
 

Foreign Policy in the U.S. Campaign


Professor Ted Bromund of the Margaret Thatcher Center for Freedom at the Heritage Foundation in Washington, D.C. continues his excellent guest blogging series for CPS by profiling the appearance of foreign policy in the campaigns of the Republican Presidential primary candidates. 

 

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