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@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
Was at drinks do on Tuesday where Hunt spoke and stated that personal tax rates would be rising.
Did he say by actual rate increases or fiscal drag on allowances?
Strong implication actual rate increases, or at least that was my take. Was making it clear that finances in pretty bad shape.
Interesting. Can see Capital gains going up, Pension Tax relief being hit as well, but personal tax rates this side of an election would be huge.
Reports in media HS2 is also in the firing line as it's about to blow its budget again. Rumours on the street of a Treasury Review estimating total costs now in excess of £200Bn, up from the Berkely review figure of £157Bn...
Message seemed to be that populace across the board would be paying more tax. Apart from fiscal drag, not sure what else it could be for those under £50k if not rates, unless reinstating NI increase?
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@pakman said in British Politics:
@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
Was at drinks do on Tuesday where Hunt spoke and stated that personal tax rates would be rising.
Did he say by actual rate increases or fiscal drag on allowances?
Strong implication actual rate increases, or at least that was my take. Was making it clear that finances in pretty bad shape.
Interesting. Can see Capital gains going up, Pension Tax relief being hit as well, but personal tax rates this side of an election would be huge.
Reports in media HS2 is also in the firing line as it's about to blow its budget again. Rumours on the street of a Treasury Review estimating total costs now in excess of £200Bn, up from the Berkely review figure of £157Bn...
Message seemed to be that populace across the board would be paying more tax. Apart from fiscal drag, not sure what else it could be for those under £50k if not rates, unless reinstating NI increase?
Probably the latter or poss. NI ceiling removed on increased for 40% tax payers?
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I have to keep reminding myself, "this is a Tory Government. This is a Tory Government".
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@Catogrande said in British Politics:
I have to keep reminding myself, "this is a Tory Government. This is a Tory Government".
In some ways the first for 25 years. Heck, we might even have the first balanced budget in a quarter century if they win in 2024.
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@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
@Victor-Meldrew said in British Politics:
@pakman said in British Politics:
Was at drinks do on Tuesday where Hunt spoke and stated that personal tax rates would be rising.
Did he say by actual rate increases or fiscal drag on allowances?
Strong implication actual rate increases, or at least that was my take. Was making it clear that finances in pretty bad shape.
Interesting. Can see Capital gains going up, Pension Tax relief being hit as well, but personal tax rates this side of an election would be huge.
Reports in media HS2 is also in the firing line as it's about to blow its budget again. Rumours on the street of a Treasury Review estimating total costs now in excess of £200Bn, up from the Berkely review figure of £157Bn...
Message seemed to be that populace across the board would be paying more tax. Apart from fiscal drag, not sure what else it could be for those under £50k if not rates, unless reinstating NI increase?
Probably the latter or poss. NI ceiling removed on increased for 40% tax payers?
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Depends how it's done I guess. CGT increase on non-productive assets might not be too bad, but probably not a good idea on business investments.
Coupled with Sunak's 30% CT Tax increase, that could be counter-productive, revenue-wise.
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@Victor-Meldrew said in British Politics:
Depends how it's done I guess. CGT increase on non-productive assets might not be too bad, but probably not a good idea on business investments.
Coupled with Sunak's 30% CT Tax increase, that could be counter-productive, revenue-wise.
The argument of whether you raise more tax by taking a larger amount of a lesser sum or a smaller amount of a greater sum.
The only longer term option is the latter. The former a very socialist ideal.
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@Catogrande said in British Politics:
The only longer term option is the latter.
That's what worries me. I want to hear a plan with timescales for reducing the tax burden and improving the supply-side. Otherwise we are never going to reduce the debt burden.
Additionally, some arse-kicking on public sector inefficiencies would be welcome.
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@Catogrande said in British Politics:
I have to keep reminding myself, "this is a Tory Government. This is a Tory Government".
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@pakman said in British Politics:
@Catogrande said in British Politics:
I have to keep reminding myself, "this is a Tory Government. This is a Tory Government".
No imagination, managing more important than leadership, vision seen as heresy.
Welcome to Butskellism for the '20's.
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Two questions:
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Why didn't the neighbours, school and anybody else who knew the family (post-lockdown) take notice and act?
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How the fuck did they get the equivalent of a £140k annual salary in benefits?
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@Victor-Meldrew 8 kids? I have no idea how much you get "per kid".
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@Victor-Meldrew I guess the rest is sickness or whatever? Extraordinary amount.
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@Bones said in British Politics:
@Victor-Meldrew I guess the rest is sickness or whatever? Extraordinary amount.
Bet we never find out. Too embarrassing for politicians and civil servants.
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@Bones said in British Politics:
Oh I like that. Labour MP on sky news "accidentally" pronouncing Kwasi as Cwazy.
Good job he wasn’t talking about Jeremy Hunt.
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@Catogrande said in British Politics:
@Bones said in British Politics:
Oh I like that. Labour MP on sky news "accidentally" pronouncing Kwasi as Cwazy.
Good job he wasn’t talking about Jeremy Hunt.
Yeah she may have struggled being a he. But hey who knows these days.
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Why are the police so useless?
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@antipodean said in British Politics:
Why are the police so useless?
Big trampoline, stun gun, job done
British Politics