On my brief there’s a story that is quite interesting – which the Mail and Guardian covered this morning. It concerns Labour’s misleading use of Treasury figures to attack our tax proposals. Yesterday lunchtime I wrote to the Permanent Secretary to the Treasury as follows: On 30th April 2007, the then Economic Secretary, Ed Balls MP told the House of Commons, "Information is not held on overseas income and gains that do not give rise to a tax liability in the UK."
As the then Paymaster General, Dawn Primarolo MP told the House on 8th March 2007, this is because non-doms are not required to disclose this information: "In general, individuals do not have to inform HMRC of their foreign income or gains unless this is relevant to their UK tax liability."
Last night, the Labour Party distributed a press release which stated: "The Treasury's initial estimate, on best information available, is that just 15,000 current non-domicile residents have foreign income in excess of £62,000."
As I am sure you agree, it is essential that the principle of civil service impartiality is not jeopardised, particularly during this period of speculation about a forthcoming general election. George Osborne, the Shadow Chancellor and Tory election co-ordinator, will be contributing to Coffee House throughout conference. To read his previous entries click here, here and here.