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The Bunker

DAILY: What are we going to do about TAX?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6984 Ratings

🗓️ 24 April 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

Britain’s tax system was already a mess before the COVID-19 emergency sent the public finances into a crisis of wartime proportions. Is this a moment to radically re-engineer government revenue? Are we taxing the right things, activities… or people? Will those who got off lightly in 2008 have to pony up rather more this time around? And in the post-Corona world, does even a Tory government have any choice about moving us to a European-style high tax economy? GILES WILKES of the Institute for Government explains all to baffled layman Andrew Harrison. Presented and produced by Andrew Harrison. Assistant producer Jacob Archbold. Music by Kenny Dickinson. Audio production by Alex Rees. THE BUNKER is a Podmasters Production. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved

0:05.5

photography but I turn it into earning a living at 60. I enrolled on a day course.

0:11.8

Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?

0:13.0

I loved going to college.

0:14.0

It's good you can retrain and do something.

0:16.0

Yeah, yeah.

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Let's talk about working, learning, saving and making the most of living longer.

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0:55.3

look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome back to the bunker daily and Andrew Harrison. We have been bombarded over the past couple of months with

1:14.2

stupefying figures in terms of the money that's going to be spent to get us to the Corona crisis.

1:18.8

Rishi soon acts 30 billion pounds splurge in the March budget seemed like an awful lot of money at the time, but it's dwarfed by the subsequent

1:26.2

330 billion in business loans that he announced a week later.

1:30.4

It's estimated that the emergency program will take the country's

1:32.9

national debt to over 120% levels last seen after the Second World War which

1:37.4

raises the question who's going to pay for all this and how and when British

1:41.3

tax policy was already contentious before the crisis.

1:44.4

Many believe that we let corporations and the well-off get away without paying their share,

1:48.2

others that cutting taxes further was the right way forward.

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