Contrarian Investor: The thorny question of tax

The recent laughable rumpus over self-employed national insurance contributions served to underline a bitter truth about our singularly unhealthy public sector finances, which is despite a number of years of solid economic growth we are still only a bit closer to balancing the books.

Most think-tanks, along with a great many tax experts, believe austerity via just spending cuts will not right the structural problem. Something else has to 'give' and that involves the revenue side of...