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Post by Zany on May 17, 2024 19:50:47 GMT
So the Tories are leading their election campaign with a promise of future tax cuts.
How many of you want tax cuts?
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Post by patman post on May 17, 2024 20:39:48 GMT
Well, given that the general tax take is currently at the highest level for 70 years, reduction’s would be nice. But with the high borrowings and sluggish economy the UK is currently “enjoying”, are tax cuts going to come from anyone except Truss-inspired administrations? And look where her promises led the UK…!!!
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Post by Zany on May 17, 2024 21:14:00 GMT
Well, given that the general tax take is currently at the highest level for 70 years, reduction’s would be nice. But with the high borrowings and sluggish economy the UK is currently “enjoying”, are tax cuts going to come from anyone except Truss-inspired administrations? And look where her promises led the UK…!!! Its hard to imagine what they did with all that tax from 2010 to 2020. Just about every public service is falling apart. Though the very rich have managed to get very much richer, so that's good. I expect it was things like government guaranteed mortgages for very expensive persimmon homes, stuff like that.
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Post by walterpaisley on May 17, 2024 21:27:59 GMT
If Labour choose to play this against the Tories, Mr Hunt has just handed them an opportunity.
The Government's thinking is clearly that it'll prove a hugely popular vote winner.
Ms Reeves, though, could now flip it - saying "Thanks for identifying 10+ billion pounds in savings that you say can be made in order to give tax cuts to the wealthy. What we're going to do, then, is take that same 10+ billion and - instead of giving it to people who don't need it - we'll spend it on schools, hospitals, housing, and infrastructure. Cheers, Tories. "
I feel that would be a far more popular move than the traditional election bribe of a few tax cuts.
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Post by patman post on May 18, 2024 12:59:19 GMT
Well, given that the general tax take is currently at the highest level for 70 years, reduction’s would be nice. But with the high borrowings and sluggish economy the UK is currently “enjoying”, are tax cuts going to come from anyone except Truss-inspired administrations? And look where her promises led the UK…!!! Its hard to imagine what they did with all that tax from 2010 to 2020. Just about every public service is falling apart. Though the very rich have managed to get very much richer, so that's good. I expect it was things like government guaranteed mortgages for very expensive persimmon homes, stuff like that. Not quite so good for the ranks of the ultra rich — The Sunday Times Rich List has revealed the biggest decrease in UK billionaires ever recorded. The amount of billionaire in the country has dropped from a peak of 177 in 2022 to 165 this year.
I have a small violin somewhere...
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Post by Zany on May 19, 2024 12:38:47 GMT
Its hard to imagine what they did with all that tax from 2010 to 2020. Just about every public service is falling apart. Though the very rich have managed to get very much richer, so that's good. I expect it was things like government guaranteed mortgages for very expensive persimmon homes, stuff like that. Not quite so good for the ranks of the ultra rich — The Sunday Times Rich List has revealed the biggest decrease in UK billionaires ever recorded. The amount of billionaire in the country has dropped from a peak of 177 in 2022 to 165 this year.
I have a small violin somewhere...
Its so hard when your asset value falls to £999 million. That's when you regret buying that £6,800 coffee table.
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Steve
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Post by Steve on May 19, 2024 23:45:53 GMT
Well, given that the general tax take is currently at the highest level for 70 years, reduction’s would be nice. But with the high borrowings and sluggish economy the UK is currently “enjoying”, are tax cuts going to come from anyone except Truss-inspired administrations? And look where her promises led the UK…!!! By developed nation standards we are a low tax economy. Only the USA with no NHS is lower. The ageing population and wealth divide are what has driven our tax take to be higher than what it was in yesteryear but it just reflects reality.
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Post by montegriffo on May 20, 2024 0:02:44 GMT
So the Tories are leading their election campaign with a promise of future tax cuts. How many of you want tax cuts? I'd happily pay more tax if they promised to spend it on public services and the NHS in particular.
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Post by patman post on May 20, 2024 5:46:17 GMT
Well, given that the general tax take is currently at the highest level for 70 years, reduction’s would be nice. But with the high borrowings and sluggish economy the UK is currently “enjoying”, are tax cuts going to come from anyone except Truss-inspired administrations? And look where her promises led the UK…!!! By developed nation standards we are a low tax economy. Only the USA with no NHS is lower. The ageing population and wealth divide are what has driven our tax take to be higher than what it was in yesteryear but it just reflects reality. But isn’t the case that “by developed nation standards” the UK is not among the leaders in health, housing and care for both young and old…?
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Post by Zany on May 20, 2024 7:16:29 GMT
So the Tories are leading their election campaign with a promise of future tax cuts. How many of you want tax cuts? I'd happily pay more tax if they promised to spend it on public services and the NHS in particular. What else could they spend it on?
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Post by Zany on May 20, 2024 7:23:33 GMT
By developed nation standards we are a low tax economy. Only the USA with no NHS is lower. The ageing population and wealth divide are what has driven our tax take to be higher than what it was in yesteryear but it just reflects reality. But isn’t the case that “by developed nation standards” the UK is not among the leaders in health, housing and care for both young and old…? It was. But the NHS of today is a shameful mess compared to a decade ago.
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Steve
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Post by Steve on May 20, 2024 8:24:57 GMT
But isn’t the case that “by developed nation standards” the UK is not among the leaders in health, housing and care for both young and old…? It was. But the NHS of today is a shameful mess compared to a decade ago. Still broadly comparable with our peers except the USA which of course is much worse. The point stands that if we want a decent health and social service then we can't have the low taxes some Tories demand.
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Post by montegriffo on May 20, 2024 8:27:06 GMT
I'd happily pay more tax if they promised to spend it on public services and the NHS in particular. What else could they spend it on? Stupid schemes to send migrants to Rwanda. Elizabeth class aircraft carriers.
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Post by Orac on May 20, 2024 13:54:55 GMT
In the context of most public services being hopelessly crowded out by and endless stream of Africans who shouldn't really be here, perhaps things like Aircraft carriers and the Rwanda plans are a desperate attempt by government to justify any UK citizens having to pay any tax at all
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Post by Deleted on May 20, 2024 15:33:35 GMT
So the Tories are leading their election campaign with a promise of future tax cuts. How many of you want tax cuts? Tax cuts funded by freezes in tax thresholds actually result in lower paid people like me paying more tax to fund tax cuts for the better off. The Tories can therefore shove their tax cuts where the sun don't shine as far as I am concerned.
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