Guest blog *Scott Newton* Why Cutting Income Tax, Cutting Red Tape and Deregulating Business is essential for the UK’s Future.
Posted on November 16th, 2009 in Guest Blog, economics | 5 Comments »

Why Cutting Income Tax, Cutting Red Tape and Deregulating Business is essential for the UK’s Future : by Scott Newton.
I run a Small Business in Newcastle upon Tyne and from my own personal experiences of running a Company I have come to the following Conclusion:
Britain as a whole is not a Naturally Big Government Socialist Country; we never have and never will be. This nation naturally believes in Low Taxes, Deregulation and supporting out Small Business’s and Enterprises. I believe that is part of the “greatness” of Britain. We are a very hard working nation providing Wealth Creation Opportunities to all people regardless of their background or personal Circumstances. Conservatives don’t judge people by their bank account we judge them by their actions.
The entrepreneurial talent is still there in our nation, people with new ideas, new Products, new inventions which will ultimately create the jobs that this country now so desperately needs now and in the future. Since Labours win in 1997 the Business World has gradually become more and more regulated and higher taxed which as a result I regard as Sanctions by this Government against out SME’s and talent. Every Labour Government since the war has put up unemployment and created more Public Sector jobs to hide the unemployment figures, hence why we are bankrupt; everyday 2000 people lose their jobs, and 56 Business’s or more fold. This really cannot carry on.
Upon the Conservative Win of David Cameron ad Prime Minister, George Osbourne as Chancellor and Ken Clarke and Business Secretary, this nation and the new Leaders must back its Business people and it’s new wave of talent to create the new opportunities for the new jobs and new ideas. First there must be a reduction in taxes, we cannot carry on with the way we are going having huge Socialist over manning and Government jobs when there is no one actually funding this none Productive Public Sector bureaucracy which many civil Servants regard as “Cushy”.
We must reduce the size of this Government State and bring more power back to the people.
Margaret Thatcher had the right ideas and she was excellent, I think David Cameron must have the Thatcherism fight for Business in him.
Deregulating Business’s is also what I regard as mandatory; so many people have the right idea and potential to start a Business but don’t actually know how, or where to start. Many of us could be Unemployed, have the idea, have the product or service that could be a perfect little new market earner, but they get told by a Government Bureaucrat at the Local Job Centre they are not eligible for funding or initial backing due to their Current circumstances which I think this is so very wrong. Hence another Labour mistake of “creed of ignorance, philosophy of failure, gospel of envy” as Winston Churchill regarded the Socialists.
Now Red Tape is a pain, I run a Business I know what it is like, luckily I have not folded as yet but this regulation and red tape is a night mare. It’s all regulation and a constant stream of tick box Paper work for Business’s and it puts no doubt many people off running their own Company. We must move away from this finger wagging, over taxing, over regulating way of Socialism and look to the future of supporting our economy and getting Britain Moving again with new Private Enterprise.
I think, and I hope David and George have it in them to return power back to the people and I am 100% sure they will not let us down.
Scott Newton







5 Responses
We need the strength of Thatcherism to guide us through. Nice blog Scott
We need to get away from the stereotype argument that cutting tax leads to a loss in revenue. Cutting taxes, increases government revenue, as we learnt, or I’d hope we learnt, from the 1980’s recession.
I am sick of economic mismanagment. Lets make Scott chancellor. Bung him a peerage tomorrow…..
LOL Don.
Good blog piece Scott.
Great blog Scott…and good to see you back TBB.
I will write a piece soon in full response to this (as promised TBB)…but lets start the fueling the comments now ;0)
I run a membership organisation representing over 30 of the worlds top ICT Brands DITG. We are funded by: Acer, Apple, AVG, Brother, Canon, Compaq, Comet, Capita IT Services, Computerland, Computer Warehouse, Equanet, Farpoint, Dell, DSGi, HP, Intel, Lenovo, Lexmark, Microsoft, Micro-P, MSI, Netgear, OnecallPC, Packard Bell, SCC, Sony, Sodexo, Seagate, Toshiba, YouatWork, Westcoast and more…
look us up: http://www.ditg.org.uk
Our organisation has spent the last 4 years developing a replacement for the Governments Home Computing Initiative (HCI)…An Income Tax exemption for Home Computing equipment.
The replacement termed Computing, Skills and Technology (CST) Programmes, has the support of Citizens Advice, Trading Standards and UK Online Centers. So lets just say it is a safe as houses solution for employees ;0)
CST delivers ICT equipment and skills opportunities in exchange for a salary sacrifice (just like HCI) and currently allows individuals to save NI. One of DITG’s roles is to seek more taxation support.
In 2006, the Conservative Party pledged to fight the Governement and bring back Income Tax benefits. It even ran a campaign on the party website:
http://www.conservatives.com/tile.do?def=campaigns.savehci.page (Page now removed)
So you would think that it would be easy to secure support for CST on the run up to the Election?
Not so…
The Shadow Treasury Team passed DITG and its members onto the the Shadow Business Team. Within this team we were passed from Ken Clarks team onto Mark Prisk’s Team and to Adam Afriyie, the Shadow Minister for Science and Innovation. Adam’s team have now passed DITG and CST back to the Shadow Treasury Team.
In the mean time, the current Government has placed DITG in it’s Digital Exclusion Review, ICT Skills Review and Digital Britain plans. It has even conducted a review of Taxation benefits and relised that CST could actually create £45 million income.
When such an easy reduction of personal and corporate taxation can be passed around party researchers…You have to ask whether you will see any reduction of taxes…
Dare I suggest election complacency?
If the Party thinks it will win because everyone hates Gordo, think again…
…Consider the lunge in the poles, post the now infamous Mrs Janes letter…
The current government isn’t dead and the Conservative Manifesto needs to differentiate itself properly.
June is a long way away and voters want to hear more than rhetoric differentiating the parties. Spin don’t work anymore and Tony Blair seemed like a nice man too…
In the UK the number of mortgage approvals in January 2008 was one third lower than in January 2007. This may reflect banks and building societies tightening their lending criteria in response to the recent liquidity crisis as well as reduced confidence among buyers. Large reductions in lending do not augur well for UK house prices. In many respects a fall in house prices will be a good thing for the economy but it is a development that may not help business in the short term, as lower house prices might lead to lower levels of consumption.