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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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…
Tim Dier retweeted
We are living beyond our means, passing on an ever-growing mountain of debt to the next generation.
It must change.
We Conservatives will be honest, cut welfare and wasteful spending to get our country back on track.
Tim Dier retweeted
The Treasury must be wary of giving us another flawed ‘Project Fear’ in reverse. It’s credibility will be on the line.
Cheaper energy would do far more for the UK economy than another decade of debating closer links to the low-growth EU.
UK Treasury expected to reignite ‘Project Fear’ row with EU study ft.trib.al/M83T1ui
Tim Dier retweeted
Timely findings from @TaxFoundation and @CPSThinkTank today given the headlines about taxing family businesses - we are steadily becoming a worse and worse place to create and pass on wealth cps.org.uk/research/a-wealth…
Tim Dier retweeted
🚨 Labour are determined to destroy the millions of family businesses across the UK.
Most are small businesses that, like farms, are already being crushed.
As Chancellor, I would back our family businesses.
We Conservatives will scrap Labour’s Family Business Death Tax.
Tim Dier retweeted
🚨 OUT TODAY: Lord Hannan and Dr Valentin Boboc have written to the Chancellor ahead of the Budget.
Higher taxes are not inevitable. Before reaching for further tax rises, there is an alternative 👇
Tim Dier retweeted
Our country’s fiscal situation is in a perilous state, and our debt trajectory shows no meaningful sign of improving. The sooner we recognise this, the better.
This is the key test for the Chancellor's upcoming Budget.
andrewgriffithmp.substack.co…
Tim Dier retweeted
The unintended consequences of this are mind numbingly obvious.
Family firms will under invest in order to save for future tax bills. Or they'll get sold off rather than passed on. Long-term investment, skills and jobs evaporate.
Does Healey know how prosperity is generated?
Tim Dier retweeted
Taxing banks is taxing growth - which is why Healey needs to avoid doubling down on one of Britain's biggest post-crash errors. Me for @thetimes, making myself as popular as ever...
thetimes.com/comment/columni…
Tim Dier retweeted
What do small businesses need to see from the next Budget?
@rcolvile and @OpiniumResearch have the answers 👇
John Healey reportedly wants to help small businesses at the Budget. New polling by @OpiniumResearch for @CPSThinkTank shows they definitely need it!
Opinium polled 500 SMEs bosses across the UK. Overwhelmingly, they felt govt wasn't on their side. But help do they need? (1/?)
Tim Dier retweeted
John Healey reportedly wants to help small businesses at the Budget. New polling by @OpiniumResearch for @CPSThinkTank shows they definitely need it!
Opinium polled 500 SMEs bosses across the UK. Overwhelmingly, they felt govt wasn't on their side. But help do they need? (1/?)
Tim Dier retweeted
The very real promise of economic growth must be made to seem tangible, writes @DanielDieppe
thecritic.co.uk/we-have-to-m…
Tim Dier retweeted
Two weeks ago I made tax simplification a priority for every Treasury Minister in the next Conservative government.
I am delighted to see the leading body for accountants @ICAEW now commit to an independent commission on precisely this.
Tim Dier retweeted
Labour’s war on motorists continues...
Their fuel duty hike is set to cost the average two-car household £156!
Madness.
Burnham’s promise to help people with the cost of living is nothing but TikTok vibes.
Tim Dier retweeted
Are they serious?!
We have record-high borrowing costs. Fuel prices are through the roof, taxpayers are fleeing Britain, and we have a youth unemployment crisis.
Meanwhile, the Chancellor is pretending to be an influencer…
Tim Dier retweeted
Interview with the Shadow Chancellor on how the Tories intend to weaponise the economy.
Andrew Griffith on reclaiming the mantle of fiscal conservatism, the need for better modelling and changing Treasury recruitment policy:
spectator.com/article/my-con…
Tim Dier retweeted
The IMF says that Britain “stands out” as the only major advanced economy set to reduce government borrowing over the coming years.But, based on previous behaviour, the fiscal constraints written into Labour’s spending plans are highly unlikely to materialise.
"One thing we know about this Labour Party is that it hates cutting spending," says Daniel Herring, Head of Economic and Fiscal Policy at The Centre of Policy Studies.
Previous attempts to remove the winter fuel allowance or trim welfare spending were reversed after a backbench rebellion.
And that was straight after, rather than in the run-up to, a general election. So you have to have somewhat heroic levels of trust to believe that Labour ministers will stick to these spending plans.
“The fact is,” says Herring, “no chancellor for a long time, of whatever party, has stuck to their fiscal rules …. That’s why we are in danger – a major shock will blow up these plans and expose the UK to the wrath of international lenders, who will demand radical cuts to public spending, which will hurt the people Labour are trying to help”
Read the full @CapX piece here: capx.co/the-imf-has-fallen-f…
Tim Dier retweeted
Let me be very clear. Any rise in CGT or taxes on banks will be devastating for our economy. It’s shocking that Ministers do not understand how dangerous speculation on this can be.
The Chancellor needs to wake up and rule this out before investors pack up and leave.
Tim Dier retweeted
NEW: The state spent £1.1 trillion more on working-age benefits than transport, technology and housing combined over two decades.
Britain has used welfare as an economic opiate, numbing the pain of stagnation but failing to invest in left-behind communities.
Out today 👉 welfare2030.org.uk
