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Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

- Nigel Lawson
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Nigel Lawson
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God forbid that the United Kingdom should take a lead and introduce a sensible tax system of its own which would probably comprise a very low level of corporation tax - tax on corporate profits - and perhaps a low level of corporate sales tax, because sales are where they are, and sales in this country are sales here, which we can tax here.

I am not surprised Cameron says he supports what Gillard is doing in Australia because we have, in the U.K., a totally misconceived climate change plan as well.

When differences of view emerge, as they are bound to do from time to time, they should be resolved privately and whenever appropriately, collectively.

I don't think the government needs to be frightened of the banks in the slightest.

We should be forced to give so many exemptions and concessions (inevitably to the benefit of high spending authorities in Inner London) that the flat-rate poll tax would rapidly become a surrogate income tax.

I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.

As the resignation letter which I wrote to the Prime Minister clearly implies, it was not the outcome I sought, but it is one that I accept without rancour, despite what might be described as the hard landing involved.

I strongly suspect that there would be a positive economic advantage to the U.K. in leaving the single market.

There is always, of course, a limit in a democracy as to what is politically possible, so you have to respect that limit. But in my experience, governments tend to be too timid.

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Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.

Raising the personal allowance is massively expensive. For the same amount of money, you could look at reducing the rate of tax.