Category Archives: Uncategorized

The government should not sign the draft Withdrawal Agreement with the EU

I have advised the government not to sign a one sided Withdrawal Agreement. They have always confirmed they will not sign it unless and until it is balanced by a good Future Partnership Agreement, which is still nowhere to be seen. I need to remind them why the present draft Withdrawal Agreement is thoroughly unsuitable […]

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Tax rises do economic and political damage

Let me have another go at persauding this government to turn away fom raising tax rates and finding new things to tax.  Their own record should tell them that such proposals are usually unpopular with many voters. Where they have gone for higher taxes they have proved to be economically damaging. Even the government now […]

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Iran and a conflict of laws

The US President brought sanctions against Iran into effect on 7 August, with more to come in November. UK and EU companies are warned that they need to comply with the bans on automotive, oil trading and other goods with Iran being introduced in two phases. The US Executive Order  takes powers to enforce this against […]

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Spending the £39 bn – cutting VAT

Once we take back control of our money and laws we can review the incidence and level of VAT. It becomes a UK tax on 29 March next year, after years of it being an EU imposition. I have set out before my wishes. Surely most can agree we should abolish VAT on green products. […]

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Government tightens fiscal policy more to help slow the economy

The latest figures for borrowing show a further reduction in additional borrowing in the first quarter of the new financial year, as forecast here. Tax revenues are well up on a year ago, by more than the rise in spending, so additional borrowing falls again. The authorities just need to be careful lest they slow […]

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More lies about second referendums

I have never supported two referendums on whether to Leave or Stay within the EU, contrary to some misleading stories. Years ago before the Conservative party agreed a simple Remain/Stay referendum there was a proposal to ask the people if they wanted to renegotiate our relationship, to be followed by an In/Out referendum. In the […]

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A spending cut for the Treasury – stop sending money to the dead

Every day government sends out pension money and benefits to people who have died.  It then employs other staff to work out where there has happened, and to seek to reclaim it from relatives of the deceased. This process takes time and effort, and is not always successful. It is also upsetting to family members […]

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How more EU damages political parties

The traditional parties like the Christian Democrats and Social democrats in most continental countries, and Labour and Conservative in the UK, have a history of changing leaders and changing policies whenever their popularity falls or their electoral success is threatened. That is the nature of democratic politics. Parties that want to govern have to please […]

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Stamp Duty receipts fall

As forecast here, Stamp Duty receipts are now lower than before Mr Osborne’s big increases in the rate of Stamp Duty on second homes, and dearer properties. Other tax receipts will also have fallen from the sharp reduction in transactions that has resulted. It means less income and corporation tax from estate agents, removal firms, […]

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Beware the draft Withdrawal Agreement

It is difficult to see why some in government are so keen for us to complete negotiating a Withdrawal Agreement. The one the EU has in mind is a one sided grab of powers and money. Some in government seem to think we need another 21 months in limbo, technically out of the EU but […]

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  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, He graduated from Magdalen College Oxford, has a DPhil and is a fellow of All Souls College. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.

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