Us, you, the political parties and the national tax black hole…

We’ve done our research.
Isn’t it time you did yours?

 
It is no secret that due to the recession, the bank bail-out and corporate mis-management, that the UK is now facing a £175bn deficit. It’s also no secret that one of the principal options to address the increasingly urgent need to ‘balance the books’ is by raising tax. BDO’s Prudent estimates put this figure at an additional £25bn a year! Tax on you, me, our families and our businesses.

None of the political parties are currently standing up and speaking out about how they intend to reduce the national debt. Now it’s time for politicians to speak out and Break the Silence over potential tax policies.

Our plan? To clarify theirs.

We’re calling on the Labour, Conservative and Liberal Democrat parties to reveal their plans for taxation by the autumn so that we, as voters, can understand their likely impact on our business and personal lives.

Assessing the tax options available.

Through detailed analysis and in-depth projections, we’ve put together a report that predicts how the parties might address the national deficit. It is important to stress, of course, that none of these are, as yet, the stated policies of any of the three major parties. The call is for the politicians to share their projected tax policies and confirm or refute our theories.

To find out what the three parties might do, and how their actions could affect your business, visit our microsite. You’ll also be able to download our full ‘Break the Silence’ report.

How could our political parties balance the books?

To redress the fiscal deficit of £175 billion, a prudent estimate suggests that an additional £25 billion of additional tax revenue could be required to help address the deficit.
In all likelihood this will inevitably be achieved through tax increases and spending cuts. We have carried out an in-depth analysis of the main parties’ historical approaches to taxation to draft a report that explores how they might do this.

You can download the full report here or look at an overview of our theories by choosing a book opposite.