Craig Mackinlay (@cmackinlay) header
Craig Mackinlay (@cmackinlay) profile picture

Lord Mackinlay of Richborough. Conservative. Former MP for South Thanet. Chartered Accountant & Chartered Tax Adviser.

South Thanet
Joined September 2010
Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)Photo by Craig Mackinlay (@cmackinlay)
Craig Mackinlay retweeted
Good to see the Chancellor using Brexit freedoms to cut VAT and to remove tariffs from imported foods. Why do the Lib Dems think we should rejoin the Customs Union as we would have to put lots of tariffs back on, pushing up prices and making the cost of living squeeze worse?
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Craig Mackinlay retweeted
Utterly heartbreaking. A must watch.
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Craig Mackinlay retweeted
Yesterday, the OBR included the production from the development of the Rosebank oilfield in its oil and gas tax revenue projections published alongside the budget. This is despite the Energy Secretary reportedly leaning towards rejecting the field's exploration. This morning, Lord Moynihan questioned why the Rosebank oilfield has been included in projections, and whether the Government will now back Scottish workers and industry, and approve the field's development.
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Energy was front and centre in the Budget today. It came as a recent Survation poll put cutting energy bills as the public’s top priority, above cutting taxes or even NHS spending. So what was announced?🧵
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Craig Mackinlay retweeted
The government has helped drive up the number of young people with no jobs to around 1 million. It should not now agree to invite in many more young people from the EU. Not a good idea to increase competition for the declining number of jobs available.
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NEW: A major new poll by @LordAshcroft unpacks the British public's conflicting opinions on climate change and Net Zero. The public believe that climate change is already having a serious impact, but are also concerned about how Net Zero is being delivered and question whether it can be achieved affordably or if it can make a difference globally.🧵
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Craig Mackinlay retweeted
The British people worked harder than any group in history to end the slave trade. The idea that we should now pay "reparations" is absurd, and calling people "racist" to get them to shut up is disgusting. Neil is absolutely right.
I asked Labour MP Dawn Butler why she's demanding my constituents pay more tax to fund "reparations". She wouldn't answer, but called me a "racist" in the Commons. It's not right to make people pay "reparations" when they've done nothing wrong. Name-calling doesn't change that.
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"The targets the UK has pledged for decarbonisation are highly unlikely to be achieved." Earlier this year, we sat down with @RogerPielkeJr. He told us that the realities of our energy system do not allow for decarbonisation by 2050. "They'll have to fudge the numbers, or they'll have to change the law."
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Craig Mackinlay retweeted
Yes, the monarchy was deeply implicated in the slave trade. But not the British monarchy. The biggest African slavers were not pirates or bandits. They were kings. In the 1750s, King Tegbesu of Dahomey, in present-day Benin, was reported to be making £250,000 a year from selling slaves. That astronomical sum, equivalent to perhaps £45 million today, was vastly more than any British aristocrat While Tegbesu was trafficking human beings, the future George III, who had recently become Prince of Wales, was becoming a convinced abolitionist. He wrote a monograph arguing that “slavery is equaly [sic] repugnant to the Civil Law as to the Law of Nature”. He went on, as King, to sign the abolition of the slave trade into law in 1807. That act prompted incredulous rage among West African chiefs. In the 1840s, King Ghezo of Dahomey, played by John Boyega in the 2022 film, The Woman King, fiercely resisted such pressure. “The slave trade is the ruling principle of my people. It is the source and the glory of their wealth,” he complained. Contrast his attitude with that of his British fellow-monarchs. Although Victoria, as Queen, was expected to refrain from expressing political opinions, her husband was under less constraint. Albert made his very first speech as Prince Consort to the Society for the Extinction of the Slave Trade and for the Civilization of Africa. His words are a reminder of how determined Britain was to ensure that ending the Atlantic slave trade did not simply push the commerce eastwards. “I deeply regret that the benevolent and persevering exertions of England to abolish that atrocious traffic in human beings (at once the desolation of Africa and the blackest stain upon civilized Europe) have not as yet led to any satisfactory conclusion. But I sincerely trust that this great country will not relax in its efforts until it has finally, and for ever, put an end to a state of things so repugnant.” The difference between the British Crown and contemporary African monarchies can be glimpsed in the story of Aina, a young Yoruba girl owned by King Ghezo of Dahomey. In 1850, a naval captain called Frederick Forbes came to Dahomey to try to convince Ghezo to stop selling slaves. He was unsuccessful but, during his visit, he was offered Aina as a gift. Forbes knew that such slaves were generally destined for human sacrifice, so he accepted the child, naming her Sara Forbes Bonetta. When Sara arrived in Britain, Queen Victoria became her godmother, paid for her education and arranged for her to marry a wealthy Yoruba businessman. Are the British really the baddies here? Critics talk of telling our nation’s story “warts and all”; but they rarely get around to the “and all”. The “and all” surely includes the vast sums devoted to stamping out slavery, calculated by Chaim Kaufmann and Robert Pape as 1.8 per cent annually of GDP between 1808 and 1867, the most expensive moral foreign policy in human history. Even if there were a case for reparations in principle (which there is not) that sum alone – not counting the billions given in aid – would surely have covered any debt. What we are seeing is not a debate about history, but an argument about contemporary politics. Critics want to convince us that Britain became rich through exploitation rather than, as was actually the case, through private property, free contracts and independent courts. The easiest way to demonstrate the negative correlation between capitalism and slavery is to look at the places where human bondage is most prevalent today – in order, North Korea, Eritrea, Burundi, the Central African Republic and Mauritania. If William III owning shares in the Royal African Company bothers you more than the continuing abomination of slavery in those places, you need to ask yourself some hard questions about your motives.
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Craig Mackinlay retweeted
Completely mad. We are happy to import oil from Russia, but not allowed to take it out of our own North Sea.
Miatta Fahnbulleh asked if she will approve Rosebank oil drilling. “Jackdaw is gas predominately used in the UK market. Rosebank is oil predominately sent abroad. “I’ll look at the application. “We have got to get to net zero.”
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Craig Mackinlay retweeted
🚨Sneaked out by OFGEM this morning, a warning for the first time EVER they cannot guarantee that demand will be met on a peak day in winter. Let’s be clear what that means. They cannot guarantee that homes will be warm, lights come on or industry function on a peak day this winter. And why? Because of an accelerated decline in domestic gas supply from the North Sea. So what is the solution? For British bill payers to pay more, to IMPORT more from Europe (specifically Belgium) to keep the lights on in Britain. Britain. A country with vast supplies of gas, untapped, deliberately due to Labour policy now going cap in hand to Europe and paying vast sums to import foreign gas. It is utterly outrageous. You couldn’t make it up. ofgem.gov.uk/sites/default/f…
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Craig Mackinlay retweeted
The SNP say they want independence for Scotland. If they keep the pound, have the Bank of England setting their interest rates, and rejoin the EU who will impose their laws and taxes that is not independence.
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Craig Mackinlay retweeted
Building anything in our country is way too expensive and it takes too long. To open a 3.3 mile railway line to Bristol, it took 79,187 pages of planning documents. That's 14.6 miles of paperwork, stacked end to end. Kemi is spot on. We have to get Britain building again.
Cliveden House burnt down in 1849. The architect behind Parliament rebuilt it in two years. Now, Parliament has spent over a decade just planning its own repairs. What happened to the country that built things? 👇
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Craig Mackinlay retweeted
Further evidence that tax hikes on businesses in the Budget would be a catastrophe. 78% of financiers polled said “ministers were not giving them a strong enough reason to commit capital.” A CGT increase would mean less investment, fewer jobs, and more British businesses closing down. thetimes.com/uk/politics/art…
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It would be helpful if @hmtreasury could come up with a cogent argument as to what #MTD is trying to achieve? The fact that @HMRCgovuk does not provide free software to interface information that it alone demands is the second disgrace. It needs to be scrapped.
Almost half of all sole traders want HMRC's Making Tax Digital programme to be ditched, a Centre for Policy Studies survey has revealed. 44% want it scrapped entirely while 14% are prepared for it to go ahead with changes and a minuscule 10% are happy for it to proceed as planned. The Government and HMRC have totally failed to gain the confidence of the self-employed. Forcing the self-employed to file five tax returns each year is an obvious idiocy and it is no wonder that they are upset. 1/2
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Craig Mackinlay retweeted
GB Energy, the useless state-owned company established by Labour, has so far spent £14.2m on running costs — and £5.8m on investments. Running costs included the almost £400,000/year paid to its ineffective CEO and six executives on more than £100,000 each. What any of them has done to earn these sums is one of life’s mysteries. Perhaps it’s a blessing it’s invested so little. The £5.8m it has earmarked is for a proposed floating wind farm off the north coast of Scotland — a sure-fire loss-maker if ever there was one.
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GWPF director, Lord Mackinlay (@cmackinlay) , said: “Having Kathryn join the Board of Trustees of the GWPF at this moment could not be better timed. Kathryn has become one of the country’s foremost specialists in the economic and security of supply failures of our current Net Zero pathway. She will bring new depth to the GWPF as our work evolves towards energy cost and supply whilst offering realistic alternatives to break the UK and other countries away from their current ruinous paths.”
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The GWPF is delighted to announce that Kathryn Porter (@KathrynPorter26) has been appointed to our Board of Trustees. Kathryn brings a wealth of technical expertise on energy and is dedicated to educating policymakers from across the political spectrum about this crucial subject.
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Craig Mackinlay retweeted
We owe £3 trillion. We spend more on working-age benefits than we raise in income tax. Our social security budget is five times our actual security budget. And these two are pretending to be gap-year vloggers in Bangkok.
🚨 WATCH: Ed Miliband and John Healey try Thai snacks while riding a Tuk Tuk around Bangkok
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