Computer_Fox
Registered
Is it going to be as bad as they say ?
The budget.
- Thread starter Computer_Fox
- Start date
Or if you don't, if they do this thing of taking 2p off NI and replacing with 2p on income tax and you're a reasonably well off pensioner
DagenhamFox
Blue Roofer
They’re making out it’ll be horrendous. I hope some of the money is raised by taxing the rich, or by extra taxes on big businesses to make it not so bad for most.
I think the 5p fuel tax relief will end, that’s easy to blame on the Conservative government, something Labour will do at every possible opportunity.
I think the 5p fuel tax relief will end, that’s easy to blame on the Conservative government, something Labour will do at every possible opportunity.
Or retired
Club_B00k_Crutchless
Registered
I don't know why they don't just put higher taxes on those with assets of over £10m. They aren't their voters anyway, but it will probably be more on the squeezed middle. To be honest I don't mind paying a few more p in the £ if it means an improvement in the NHs, public services etc
What was so disastrous about it.
bannedontherun
Roofer
I expect taxes to rise in some form.
And yes i have to pay UK taxes.
And yes i have to pay UK taxes.
Use to love the budget day when I was 16 and just started work , all the blokes worried sick how much beer and backy aka old hoburn was it ? we’re going up 
I knew then I’d found a job that suited my scrambled brain , even when I became a boozer i didn’t join in with the conversation maybe I was non league compared to them lot and it never affected my little brown wage packet 
I knew then I’d found a job that suited my scrambled brain , even when I became a boozer i didn’t join in with the conversation maybe I was non league compared to them lot and it never affected my little brown wage packet buz_not_buzz
Occasional Poster
Personally at the time I thought the 2p rise in employers' NI was a terrible, terrible decision. It wasn't just anti-growth but has had a direct impact on employment. Also rightly or wrongly it immediately confirmed an anti-business bias in Labour. They boxed themselves in with the manifesto pledge regarding taxation and now they are probably going to have to break it anyway and way more extensively having contributed to making the situation worse (though obviously that isn't all on them). Politically too it wasn't a great move as it didn't do enough to give them room to achieve anything & gave them one less year for changes to work before they have to go back to the country.
There aren't that many of them, and why should successful people be penalized? The squeezed middle are by far the biggest group. And we have been increasing the budget of the NHS and Public Services for years and it makes no bloody difference
soupsandwich
Roofer
The ONLY section of society that have done well, indeed very,very well out of the last 50 years particularly are the tiny minority of very,very wealthy individuals and families. Hoovering up the Nations wealth and stashing it off shore during that time. Trillions of Quid
That they manage to convince people that the Nations problems are caused by everyone else is genius.
They own or have huge influence in all the levers of information, including and especially the new fangled social media.
And folk on here and everywhere think that their own train of thought is somehow their own idea.
Including me, but I'd rather be agen 'em than make 'it's the Politics of envy' excuses for them
Club_B00k_Crutchless
Registered
Approx 20 000. A 2% increase on assets over £10m would raise £24bn, that black hole filled in one go. And that's assets over £10m, not all of it.
Do you consider fair taxes as punitive? I don't think they'll be needing food banks.
It barely increases enough to keep up with rising costs.
It's looking likely they will have to break their pledge about taxes, might as well have just done that to start with if it has to be done. I wouldn't call it disastrous though. We're hardly in a recession. Yet.
bannedontherun
Roofer
What roles?
Club_B00k_Crutchless
Registered
Envy.
FoxInEssex
Roofer
Seriously, what the fuck does that even mean?
Disgust at the inflated wages that some of these people earn for little, if any, benefit, is more likely.
You are such a vile and strange person.
Leicestershire County Council employ c. 6000 Managers & Staff
Average absentee rate through sickness is c. 9%+. The primary 'illnesses' are stress related
Club_B00k_Crutchless
Registered
BitternessLeicestershire County Council employ c. 6000 Managers & Staff
Average absentee rate through sickness is c. 9%+. The primary 'illnesses' are stress related
But only once and that assumes they would all sit back and say OK
So you think penalizing people for working harder than you, being more talented than you or just luckier than you is OK. It's only fair if you don't have to pay it
But it does increase for no tangible benefit to the average Joe. How much is enough?
They're cobs in Leicestershire
Billsballbag
Roofer
They appear to not have a clue about how to solve the productivity problem.
The tax and rumoured employment law changes won't help that.
Taxing the self employed more won't incentivise anyone to take a risk and set their own business up. In fact it will kill that as they don't appreciate the risks involved (or the creative destruction and tax generation it leads too).
Hardly any MP from either Conservative or Labour has a track record in setting up a business. They do not understand the sacrifices and lack of safety net. Too many PPE Oxbridge people with high opinions of themselves and little real world experience. Too many slimy consultants from corporate suit jobs who've never put their balls on the line and done anything themselves.
Furlough bailed out a lot of business'. The HMRC have a record of who benefitted from that tax payer assistance. Therefore 1% on Corporation tax until the debt is paid back by each business would be agreeable to the general population. But that's too clever. They'd rather ignore public sector wage inflation, ignore meaningful reform to welfare, the triple lock or public sector pensions (thanks to the bank bench nutters), ignore those who we're propped up in Covid (including supermarkets that made a killing and had rates relief and didn't pay it back) and milk the only sector that can get it out of the shit.
Which won't work.
The tax and rumoured employment law changes won't help that.
Taxing the self employed more won't incentivise anyone to take a risk and set their own business up. In fact it will kill that as they don't appreciate the risks involved (or the creative destruction and tax generation it leads too).
Hardly any MP from either Conservative or Labour has a track record in setting up a business. They do not understand the sacrifices and lack of safety net. Too many PPE Oxbridge people with high opinions of themselves and little real world experience. Too many slimy consultants from corporate suit jobs who've never put their balls on the line and done anything themselves.
Furlough bailed out a lot of business'. The HMRC have a record of who benefitted from that tax payer assistance. Therefore 1% on Corporation tax until the debt is paid back by each business would be agreeable to the general population. But that's too clever. They'd rather ignore public sector wage inflation, ignore meaningful reform to welfare, the triple lock or public sector pensions (thanks to the bank bench nutters), ignore those who we're propped up in Covid (including supermarkets that made a killing and had rates relief and didn't pay it back) and milk the only sector that can get it out of the shit.
Which won't work.
Club_B00k_Crutchless
Registered
Who said only once? It's an annual wealth tax.
It's not about anyone working harder. The roads need sweeping, bins need collecting, what makes you think someone with assets of over £10m works any harder? Tax is not punitive, things need to be paid for. Don't you think £10m is enough for these poor souls to live on?
You've always had a thing about public sector bad, private sector good. It's one of the only things you ever post about. Lots of mistakes were made during COVID, many of them deliberately to further enrich friends of the Govt. It was 5 years ago, hopefully some of the money can still be recovered.
And you think people will sit back and have their money taken off them every year?
It was an example, they have done something right to be that wealthy. Having a lot of assets does not mean they have a lot of cash. If the rate of tax is higher for one part of the community than another then of course it's punitive and it has been proven several times that this doesn't raise more money in the long term because they have less to spend or invest
Everton Carr
Registered
Yep sounds a good idea force more millionaires out the Country. They are already Leaving in huge numbers
Billsballbag
Roofer
Public sector pensions need reform. Those on low wages in the public sector deserve a decent retirement safety net for their efforts. The issue is the white collar professional classes racking up vast pension pots that are risk free, indexed link and end up totally out of kilter with the real world and who funds them.
Public sector employer (taxpayer) contributions should be capped at a certain level and then that cap indexed linked going forward. The schemes were drawn up when life expectancy was much lower and there are far too many "professionals" working the system so that they can live high on the hog retiring in their mid to late 50's.
A pension entitlement of more than £50k per annum that is taxpayer funded and protected should not exist.