Approved Parliamentary Candidate for @Conservatives | Fellow @CPSThinkTank | Trustee at Mitie Foundation | Chartered Accountant | Husband, proud father of 3
London
Joined February 2009
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🇬🇧 It’s time to say adiós to inheritance tax
- 🇪🇸 Madrid shows that cutting IHT can help wealth and talent grow
- 🇸🇪 Sweden learnt the hard way that death taxes don't pay
- IHT is unpopular, unfair and economically destructive
Me for @CapX @CPSThinkTank
capx.co/its-time-to-say-adio…
Tim Dier retweeted
Bridget, telling lies is a breach of the Ministerial Code.
It's well known from your time as Education Secretary (before your demotion!) that you struggle with the truth.
As the then junior minister responsible for financial services regulation, I was not even remotely a 'co-author' of the mini budget. I did not see it until the night before.
I’m flattered that my decades of real-world business experience outside Westminster trigger so many Labour MPs. It’ll be useful when the next Conservative government has to clean up your mess!
(P.S. Mortgage rates are higher now than in 2022…)
Tim Dier retweeted
'By eroding the fiscal 'headroom' buffer down to £15 billion amidst global energy shocks, this Budget risks a bond market meltdown' - Director @LiamHalligan
Tim Dier retweeted
As @TimDier predicted for @CPSThinkTank, they're using the PuFins to get round the borrowing rules cps.org.uk/research/pufins-t…
Tim Dier retweeted
40 years ago today, the Big Bang transformed the City. 💥
It opened new markets, made us more competitive, and richer.
Share ownership became more accessible, the cost of gilts fell by 72% and the City’s equity turnover exceeded £1 billion in a year.
We need another Big Bang.
Tim Dier retweeted
For more on this, would recommend @TimDier’s excellent paper for @CPSThinkTank on 'PuFins’: cps.org.uk/research/pufins-t…
Tim Dier retweeted
Same disastrous path as the off balance sheet King...Gordon Brown
Tim Dier retweeted
I predicted the Chancellor's Budget would try to use loopholes in his fiscal rules to spend even more taxpayers money.
We are walking along a fiscal cliff edge. Sooner or later a Chancellor has to get a grip on the public finances.
Doesn't sound like it's going to be this one.
🧵(see below)
Tim Dier retweeted
CPS paper, literally this morning: the govt is relying on the PuFins to borrow way more while keeping it off the books, thanks to the way they changed the fiscal rules
John Healey:
🚨 Oh dear, it sounds like they're actually doing it.
💸 Frittering it away and storing up trouble for the future.
💷 'Off balance sheet' borrowing is still borrowing. Taxpayers will pay the price long after this government has been shown the door.
Tim Dier retweeted
Labour madness!
Pedagogically explained by @TimDier.
Tim Dier retweeted
Good paper from @TimDier on why the 'PuFins' - like the National Wealth Fund or British Business Bank - are looking less like growth engines and more like the new PFI. Time to clip their wings? cps.org.uk/research/pufins-t…
Me for @CapX
🥀 Labour need to stop using smoke and mirrors accounting
capx.co/labour-need-to-stop-…
Tim Dier retweeted
Hiding debt doesn’t make it disappear.
CPS Fellow @TimDier explains why Labour’s approach to measuring debt risks encouraging more borrowing and spending - leaving taxpayers to pick up the bill.
Read the full briefing here: cps.org.uk/research/pufins-t…
Tim Dier retweeted
📣 Every now and then, someone comes along whose expertise, character and outlook uniquely fit them for a role and they secure it.
🙏🏻I’m thankful @griffitha is Shadow Chancellor and I hope one day he is the real thing, because he will be the real thing indeed.
💡One to follow.
Not properly recognising liabilities is one of the two pathologies of every financial scandal. (The other is recognising revenue which never turns into cash flow).
When Rachel Reeves changed the headline debt target in October 2024, she did more than tweak an accounting rule.
By switching from measuring public sector net debt (PSND ex BoE) to public sector net financial liabilities (PSNFL), ministers created a channel to spend the same taxpayer money through Public Financial Institutions, or “PuFins”.
Debt is still debt but under Labour’s fiddled measure, spending via a PuFin barely registers against the fiscal rules.
As this excellent report from the Centre for Policy Studies shows, had the old target been kept, the October 2024 Budget would have broken the debt rule by £6 billion. Under the new one, it passed with £16 billion to spare.
Expect next week’s budget to include more examples of this dodge.
cps.org.uk/research/pufins-t…
The next PFI scandal in the making?
- PuFin smoke and mirrors are hiding borrowing 😮💨
- The state is a poor investor investor 📉
- Simpler and lower taxes are the answer 💷
cps.org.uk/research/pufins-t…
Tim Dier retweeted
Not properly recognising liabilities is one of the two pathologies of every financial scandal. (The other is recognising revenue which never turns into cash flow).
When Rachel Reeves changed the headline debt target in October 2024, she did more than tweak an accounting rule.
By switching from measuring public sector net debt (PSND ex BoE) to public sector net financial liabilities (PSNFL), ministers created a channel to spend the same taxpayer money through Public Financial Institutions, or “PuFins”.
Debt is still debt but under Labour’s fiddled measure, spending via a PuFin barely registers against the fiscal rules.
As this excellent report from the Centre for Policy Studies shows, had the old target been kept, the October 2024 Budget would have broken the debt rule by £6 billion. Under the new one, it passed with £16 billion to spare.
Expect next week’s budget to include more examples of this dodge.
cps.org.uk/research/pufins-t…
Instead of nannying wannabe entrepreneurs at taxpayers expense, why not just make the system easier for them to run a small business?
Exclusive:
Benefit claimants will be given advice on how to set up their own businesses, turning side hustles into full-time work.
A pilot scheme starting next year will give young entrepreneurs advice on setting up a business bank account, registering for VAT and putting together a business plan
Pat McFadden tells @Telegraph that young people want to “do their own thing” and that new businesses are one way of tackling the NEETs crisis.
telegraph.co.uk/politics/202…
👇🏻
