Monday, 2 March 2015

38 Degrees Campaign against TTIP

There is currently another 38 degrees campaign email doing the rounds about TTIP
As a candidate in my local constituency, I would like you to oppose the TTIP trade deal. I’m really worried about the effect of TTIP (The Transatlantic Trade and Investment Patnership) on further privatisation of our NHS and public services, as well as the inclusion of an ISDS clause which could allow corporations to sue governments. A document leaked last week showed that the NHS still isn’t exempt from the deal. You can read more about it here: https://secure.38degrees.org.uk/ttip-leaked Please can you tell me what you will do to stop this deal and protect our public services?
Well this is our response to that. We at YPP support free markets and free trade when it helps the Third World to develop; when it helps our exporters; and when it helps cut prices for domestic consumers. But the TTIP is not about free markets or free trade, it is just the EU and the USA blatantly protecting the interests of the largest multinational corporations (including a few large UK corporations). We at YPP would revoke TTIP and its corporatist ramifications, and since we are committed to having a plebiscite on our continued membership of the EU this would be part of the way forward. As to your specific example of the NHS, UK governments have illustrated just how expensive and damaging top down privatisation can be and what appalling value for taxpayers' money it is (PPP and PFI, anything involving Capita and so on). Nonetheless, we would support bottom up privatisation from the patient's point of view. So if private providers can provide care more cheaply, better or quicker than the NHS, then we support the old idea of the "patient passport" (taxpayer funded/private provision) which works so well in many other European countries. Any comments please leave them below.

Thursday, 26 February 2015

YPP meet-up, Friday 27 February & the YPP tax reform app.

Tomorrow Friday 27 February at The Brewmaster nr Leicester Square Tube (Exit 1 and turn left at the top of the stairs into "St Martin's Court") from about 5.20 onwards. We put a yellow YPP leaflet on the table so that you can recognise us.

The tax reform app is taking shape, if you have an Android phone and a Google account and would like to test it, please send me an email.

Tuesday, 24 February 2015

"No country for young people - UK generation gap widens"

From today's FT:

Britain’s young adults, who for much of the 20th century enjoyed living standards well above average, have been displaced by the rise of the comfortably-off pensioner in the most dramatic generational change in decades.

Average twenty somethings have seen their living standards slip from a position of comparative affluence to well below par over the past 35 years as average pensioners have enjoyed a rapid rise up the national league tables of incomes, according to Financial Times research...

A major reason for the shift is the rise in house prices in recent decades. Many older people bought cheap and have locked in sizeable gains, although, with people living longer, some are now facing the prospect of having to sell those homes to pay for expensive care.

Thursday, 19 February 2015

YPP meet-up, Friday 20 February

Tomorrow Friday* 20 February at The Brewmaster nr Leicester Square Tube (Exit 1 and turn left at the top of the stairs into "St Martin's Court") from about 5.20 onwards.

We put a yellow YPP leaflet on the table so that you can recognise us.

Dress warm!

* The only day of the week named after a female deity, according to the feminists :-)

Thursday, 12 February 2015

YPP meet-up, Friday 13th

For the not-so-superstitious among you, tomorrow Friday 13 February at The Brewmaster nr Leicester Square Tube (Exit 1 and turn left at the top of the stairs into "St Martin's Court") from about 5.20 onwards.

We put a yellow YPP leaflet on the table so that you can recognise us.

Wednesday, 11 February 2015

"What will you do to crack down on tax dodging?"

My fellow PPC Rohen Kapur and I have received identically worded emails via 38 Degrees as follows:

I'm concerned about the recent revelations that HSBC has been helping the super-rich dodge their tax, and that the government has not been acting to stop this.

As a prospective parliamentary candidate in my area, can you let me know what you pledge to do to crack down on tax dodging and prevent scandals like HSBC from happening again?

I'm also concerned that HMRC are not doing enough to investigate these cases to recoup the tax and instigate legal proceedings.
How do you intend to deal with this?


1. Yes. We, YPP, will crack down on tax avoidance. That's at the core of our manifesto.

Unlike the Conservatives or UKIP, we are not primarily funded by landowners, land speculators and the financial sector, so we are quite happy to point out that the biggest drains on the real economy are exactly those people. Let's not dwell on who funds the Lib Dems, Labour and the Greens :-)

2. Our tax policy is to reduce taxes on output, employment and profits to one single flat 20% tax on all incomes (no tax breaks, no loopholes), and to collect the other half of revenues with Land Value Tax (approx. 3% of current selling prices) and a bank asset tax. Combined with welfare simplification and reform, all working households will be thousands of pounds a year better off. The gains to our core voters will be even higher.

3. With a radical simplfication of taxes on earnings, instead of HMRC having endless different departments chasing all manner of different layers of taxes and adminstering all manner of different tax breaks and subsidies, HMRC will be able to focus all their efforts on collecting that single flat 20% without fear or favour.

In particular, we would ensure that withholding taxes are imposed on all profits siphoned out of the country via interest or royalties. And shut the revolving door between the Big Four accountancy firms and senior ranks of HMRC or Downing Street.

4. As to the banks, they lurch from one scandal to another. What have we had since the financial crisis? LIBOR rigging, PPI misselling, interest rate swaps, money laundering, tax evasion, insider trading... The list for the years leading up to the financial crisis is of course endless, in every country in the world.

Remember also that about eighty per cent of bank lending is secured on land. With a proper Land Value Tax in place to keep land prices low andstable and a hefty bank asset tax to discourage credit bubbles, banks would be cut down to size and forced to focus on proper lending to support the productive economy (i.e. finance to small businesses or short term consumer loans).

The government holds the trump card in all this. If banks do not play by the rules, their banking licences will be withdrawn. End of.

Thursday, 5 February 2015

YPP meet-up, Friday 6 February.

Usual rules apply, tomorrow Friday 6 February at The Brewmaster nr Leicester Square Tube (Exit 1 and turn left at the top of the stairs into "St Martin's Court") from about 5.20 onwards.

We put a yellow YPP leaflet on the table so that you can recognise us.