They're Coming for Your Money
Analysis8 Jul 2013

They're Coming for Your Money

Paul Johnson, the director of the widely-respected independent Institute for Fiscal Studies, has been looking at the latest projections for how much the government will spend in the next five years and how much revenue it will receive. Despite the recent announcement of further cuts in spending, tax rises look difficult to avoid.

Paul explores the reasons for this gap in the budget and asks what taxes could help to fill it. With tax avoidance and evasion now at the top of world leaders' agendas, he asks if the increasingly tax-averse companies sector can be made to pay more and how much the rich and wealthy could contribute. He also considers the taxation of our houses and pensions and whether more will be taken from them.

Then he focuses on the three levies which contribute the lion's share of government revenue - income tax, national insurance and VAT - and, with politicians, economists and tax experts, finds out how much we are all - young and old, better and worse off - likely to pay. He also drops in on a young family in Norfolk to discover what taxpaying voters think of the choices and what they will be expected to pay.

Among those taking part: Nigel Lawson (former Conservative Chancellor of the Exchequer); Kitty Ussher (former Labour Treasury minister); Bill Dodwell (head of tax policy at Deloitte); Julian McCrae (former top Treasury official now at the Institute for Government); Gavin Kelly (chief executive of the Resolution Foundation who worked during the Blair/Brown years in Downing Street and the Treasury); and Malcolm Gammie QC (a leading tax lawyer).

Producer Simon Coates.

Episoder(389)

What is Wahhabism?

What is Wahhabism?

Since the 9/11 attacks on New York and Washington DC, the ultra-conservative Wahhabi branch of Islam has often been cited by critics and commentators as the ideology of Islamic extremists around the w...

10 Feb 201428min

The Philosophy of Russell Brand

The Philosophy of Russell Brand

In a recent Newsnight interview, the comedian Russell Brand predicted a revolution. His comments entertained many and became the most-watched political interview of 2013. But between the lines, Brand ...

3 Feb 201427min

Last Rites for the Church of England?

Last Rites for the Church of England?

Andrew Brown asks if the Church of England has become fatally disconnected from society.

27 Jan 201428min

Roberto Unger

Roberto Unger

Renowned social theorist Roberto Unger believes that left-of-centre progressives - his own political side - lack the imagination required to tackle the fundamental problems of society. In the run-up t...

18 Nov 201328min

France: Sinking Slowly?

France: Sinking Slowly?

The French are far more attached to the idea of a centralised, big state than their Anglo-Saxon counterparts. The philosophy behind it, Colbertism, holds that the economy of France should serve the st...

11 Nov 201328min

Importing the Metropolitan Revolution

Importing the Metropolitan Revolution

In America, there is talk of a "metropolitan revolution" as big cities reinvent themselves. Matthew Taylor asks if Britain too can transform its economy by setting city halls free.In America, there's ...

4 Nov 201328min

Syria: Inside the Opposition

Syria: Inside the Opposition

Syria's opposition movements comprise a diverse range of political and armed groups. But how do they differ in terms of their ideology, their modus operandi and in their vision for a post-conflict Syr...

28 Okt 201328min

Quantitative Easing: Miracle Cure or Dangerous Addiction?

Quantitative Easing: Miracle Cure or Dangerous Addiction?

Quantitative Easing was the drug prescribed by economists to keep Western economies functioning in a moment of crisis. Sunday Telegraph economic commentator Liam Halligan argues that the policy of mon...

21 Okt 201328min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
i-retten
forklart
stopp-verden
popradet
fotballpodden-2
det-store-bildet
dine-penger-pengeradet
rss-gukild-johaug
bt-dokumentar-2
hanna-de-heldige
aftenbla-bla
nokon-ma-ga
rss-ness
e24-podden
rss-penger-polser-og-politikk
frokostshowet-pa-p5
chit-chat-med-helle