“The Lib Dems want to impose an additional 8% rate of corporation tax on UK banks, which they say will raise an extra £1bn a year towards cutting the deficit.”
No problem, the banks just put up our bank charges or interest rates on lending to cover the cost! Then it costs them nothing, their bonuses stay the same, the shareholders get their dividends, nothing changes – their increased income covers the tax, but it costs US the £1 billion in extra charges or interest.
Yes, the deficit goes down but so does our disposable income so and the banks don’t pay it off, we do as a stealth tax – real smart!
Rather than asking: can MPs manage on £67,000 should we be asking if some of them are worth that money?
East Devon Watch 
Are any of our MPs worth £68k (plus all their expenses of course)??
From IPSA MP salary from April 2014 is £67,060 plus up to £36,465 in living expenses (e.g. for maintaining a second home) plus £159,950 for running their office (i.e. sometimes with salaries paid to members of their families such as husbands or wives).
If they are members or chairs of select committees they can earn a further £14,876. Or if you are a minister you can earn between £89,435 and £134,565 extra.
So that means that Hugo Swire gets a tad under £200,000 payments for himself (inc. living expenses) and a further c. £160,000 to run his MP’s office – so he costs us £360,000.
So the question I would ask is whether Hugo Swire is worth £360,000 per year?
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