Thursday, January 06, 2011

Deficit Deceit

Today's Times newspaper reports  Ed Miliband's new 'catchphrase' today. It's 'Deficit Deceit' rather than 'Deficit Denial' and apparently, Labour's strategists are so alarmed that the party was seen to be giving in to the somewhat overwhelming evidence of a totally 'cocked-up' economy, that Ed the Younger is now fighting back and will insist, that the prevailing economic mess was a consequence of the downturn in global economy and nought to do with the over-spending record of the last Labour government.

Ed Miliband told the newspaper that: “Labour is not to blame for Britain’s debt mountain and accuses David Cameron of peddling a “great deceit” about the previous Government’s record to pursue a damaging programme of cuts.

Much like the sheep in George Orwell's 'Animal Farm' if they chant it enough times they'll start to believe it's true!

You can listen to Ed Miliband's interview on Radio 2 today here. Apparently it went down like a lead balloon, which may yet be the fate of  the young but uninspiring Labour leader

Meanwhile, back in the real world and not the realm of political fancy, the BBC reports that Romania is to tax witches; apparently a group that has avoided the attention of politicians in past centuries, on account of having a nasty habit of cursing them. With eyes on its EU membership, the Romanian tax authorities clearly wish to be inclusive and are concerned about the VAT status of spells, the witches' extravagant bonus culture and the contribution that this may have made to the harsh recession in that country. I'm sure that our own Chancellor will be watching the results with some interest, given Britain's own experience of  the last Labour government's, 'Harry Potter' - now you see it now you don't - economics


Michael Child said...

Simon somewhere in literary theory it says something like, every decoding is another encoding, so I take the “rule world” to be either a typo or a take on Take That’s “Yeah you and me we can ride on a star” there is however an aviation fuel problem here, I can see how you can tax broomsticks, but how do you tax the magic that powers them?

With the VAT I suppose there would have to be a fair bit palm crossing to get a witch over the £70,000 per year turnover where she would have to register and therefore charge VAT.

Though I suppose she could clam back the VAT on the materials.

Fillet of a fenny snake, £8 now VAT £1.60

Eye of newt, £2.99 VAT 60p

Toe of frog 99p VAT 20p

Tony Beachcomber said...

I think it up until 1735 that we used to burn our witches.

Michael Child said...

Yes Tony and we didn’t get income tax until 1798, so I suppose the absence of a Witchfinder General let them fall through the tax net. The taxman pouncing on unsuspecting witches certainly congers up some peculiar scenarios. Then there is the other side of the coin, by that I mean which witches services could be construed as tax deductible and therefore require a receipt.