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(4) Salary increases account for most of the variance in head office expenses.
Cable said Osborne wanted to abandon the current approach to tackling the deficit, in which tax increases account for 20% of the fiscal consolidation, to allow him to destroy public services.
The trouble, says Ethan Harris, Lehman Brothers' chief economist in America, is that, measured by value, the regions that have experienced frighteningly rapid house-price increases account for about one-third of the country's residential property.
WellPoint's new finance chief, Wayne DeVeydt, concedes that price increases account for half of earnings growth each year (see top chart).
There is no factual basis for saying the 8-year projections that the 40% tax will raise $91 billion (a number that has changed three times), since the phantom wage increases account for three quarters of this estimate.
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But price increases accounted for more than 7percentt of the revenue gain.
Price increases accounted for 6.5 percentage points of the increase, while a weaker dollar made up 3.5 points.
In the World Bank's study, tariff increases accounted for half of the protective measures by these countries.
At the same time, it said, a shift toward the use of more expensive drugs accounted for 36percentt of the overall increase in spending, while price increases accounted for the remaining 22percentt.
In the five fiscal grand bargains of the 1980s and early 1990s, tax increases accounted for an average of 61 cents of every dollar saved.
On average, tax increases accounted for 61 percent of deficit reductions (and much more during the early Reagan years, despite President Ronald Reagan's reputation as the taxpayer's friend).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com