I have a dream proposal – replace all benefits with a single National Subsistence Allowance of £5,000 pa for every UK citizen. From birth, everyone would receive £400 a month and £200 on their birthday, no forms need to be filled, saving billions in administration overnight. That would fix the benefit system and by having a universal tax rate of 20pc (VAT, income, company and inheritance taxes) accountants would stop peddling avoidance schemes, tax havens would be deserted and revenues will rise.
But, of course, this is a dream, far flung from reality. History shows that life continually becomes more complicated because legislators can\’t resist legislating, so the best we can hope for is that we are not given any new rules to replace those that are on the way out.
Wouldn\’t it be nice if it did?
A cbi, a flat tax and millions of bureaucrats having to do something useful with their lives.