The Budget for 2010

quote:

Originally posted by Mick Parry:

Anyone agree

Absolute sense.

As always.

Zero tax for the under 25’s

35% tax for the over 60’s in work.

10% tax for the over 60’s retired.

This will encourage the over 60’s to retire, resulting in more jobs for the under 25's

quote:

4. 25p on a litre of fuel - very tax efficient and green

A quid and a quarter a gallon??? F**k green!!

quote:

Originally posted by mongo:

quote:

4. 25p on a litre of fuel - very tax efficient and green

A quid and a quarter a gallon??? F**k green!!

More like a quid and a half a litre

Almost a quid and a half!

Chaps

Yes about £6.75 a gallon. That will bring in the cash as well as prevent unnecesary journeys needlessly using oil.

The idea about lower tax rates for youngsters is innovative and promising.

It is good to see no one is whinging.

Regards

Mick

I wonder how many people would have to give up work and sign on the dole because going to work would not be viable

Whatever he does it will be funded by - cough, cough - efficiency savings, and being tough on tax evasion. The latter will be individuals rather than organisations such as Tesco - small beer but easy, once the records have been stolen We will of course hear how they are the only party in the Universe capable of leading us out of this recession/depression/blip/mild irritation.

Yet more help for those 'hard working' people with children - in fact you will need to have children to qualify as 'hard working'.

Conscription for those 16 to 25 years of age - reducing unemployment.

If the top 13% are paying over 50% of the Income Tax, they can afford to pay a greater proportion - there is nothing the Nation hates more than people with money.

Compulsory education for those aged 50 and over - reducing unemployment.

The usual easy targets.

A large pinch of BS.

Cheers,
OW

quote:

Whatever he does it will be funded by - cough, cough - efficiency savings, and being tough on tax evasion. The latter will be individuals rather than organisations such as Tesco - small beer but easy, once the records have been stolen

Quite correct OW. The office of fiscal studies recently reported the annual 'conservative' estimate of tax evasion in the UK running at £131 bn/ year. Amount required to balance the books £38bn/ year. Instead of culling the public services how about we make a dent in this outragious practice of tax avoidance! Get even half of these amounts back and we could even start investing in our country.

quote:

Instead of culling the public services how about we make a dent in this outrageous practice of tax avoidance! Get even half of these amounts back and we could even start investing in our country.

Where would the various political parties get their election funding from then?

Was Capital Gains Tax mentioned last Autumn?

[QUOTE]Originally posted by Howlinhounddog:
The office of fiscal studies recently reported the annual 'conservative' estimate of tax evasion in the UK running at £131 bn/ year.... how about we make a dent in this outragious practice of tax avoidance!/QUOTE]

(1) Your post conflates avoidance and evasion. Avoidance is, by definition, mitigation of tax liability within the law. Evasion, also by definition, is mitigation of tax liability by breaking the law.

(2) It doesn't follow that closing loopholes and detecting more evaders will increase revenues much. A business operation may be run on the basis that the gross and net returns are much the same. Once tax starts to eat into the net return, the business operation may simply be stopped - hence generating no direct tax yield. If the owner then makes less, they may buy less, thus contributing to falling VAT receipts, say.

Fraser

I'm sure there was a budget somewhere in that party political broadcast.

Currency traders are currently flicking the Vs at Darling - GBP/USD -> 1/1.4877

Fraser,
Appologies, you are quite correct, must learn to proof read my posts. I did mean evasion.
I am not so sure that I follow your second point. If individuals or companies are deliberately breaking the law then they should be made to pay for this.

My point is that once a loophole is closed or an investigation mounted, a business may not find it worth carrying on, or may cut back the scale of their operations. There may be some clawback from past years' liabilites but no, or reduced, future tax generation.

Fraser

Chaps

W£ell that was a waste of time, all Darling did was look at the small stuff and did nothing to reduce the debt or even stimulate the economy.

The problem has been delayed which was what we all expected. Unless Cameron is caught on CCTV torturing live babies or whatever, he should bloody walk the next election.

Regards

Mick

What were you expecting him to do Mick?

There is an election on the way, anything major today could have been a big vote loser.

Expect the next budget to be very tough,

Regards

PB

quote:

Originally posted by Mick Parry:
Unless Cameron is caught on CCTV torturing live babies or whatever, he should bloody walk the next election.

Regards

Mick

LOL - I agree, and hope so too.

I have my doubts. Cameron's doing a lot of indignant blustering but unless I've missed something there seems little credible alternative strategy on offer from the Tories.

I'm particularly interested in the various parties' plans for the NHS & there's nothing coming from any of them that's more than very vague and insubstantial.

Tony

Cameron has one major problem, he has really upset the local party activists because he has pushed women on a positive discrimination basis for constituency seats. The party is run by grey haired men who are livid.

What they want is for either a Labour win or a hung Parliament. The next government is going to be truly unpopular because it has got to be more savage than even what Maggie was.

If the Tories lose the election, Cameron gets axed, the Tories scoop the pool at the next big local authority election in 2012 and will more than likely win the next general election.

They will have total power at local and national level with most of the dirty work already having been done. That is the dream and it is achieveable.

Many Tory activists will not be knocking on doors at this election.

Regards

Mick

That may be true at the con club in Swindon Mick but the Tories would be committing suicide if they ditched Dave. Why are the polls showing support falling away - because they still have no policies, seem to think politics about rubbishing others rather than saying what they will do is acceptable and vote winning and people suspect he isn't the change he claims to be and is the same old. If there was a sniff of a return to the old ways they'd be dead in the water.

Bob

They want to lose .. that is the point I made, they actually want to lose. Cameron is another Blair and they want another Tebbit.

Cameron should be able to knock Labour off the map but he is going to struggle to win. He is just not pulling the votes.

If Labour win this election, their popularity is going to plummet because of the austerity measures they will have to introduce. They will be hated and trashed in the 2012 local elections and will probably lose the next general election. The Tories will then have total power and Cameron will be history.

Regards

Mick

quote:

Originally posted by tonym:
I have my doubts. Cameron's doing a lot of indignant blustering but unless I've missed something there seems little credible alternative strategy on offer from the Tories.

I'm particularly interested in the various parties' plans for the NHS & there's nothing coming from any of them that's more than very vague and insubstantial.

GBP 555 million saved by having healthier NHS staff, vague and insubstantial? Liam Byrne hinted that the unhealthy ones would be 'moved on'.

Cheers,
OW

quote:

Cameron has one major problem

Osborne. (plus a few more)
For the life of me I have not heard one credible utterance from him. He appears to be Milliband, without the personality (!)
We really do get the politicians we deserve.

Chaps

Osborne is no fool. His timing of the inheritance tax absolutely smashed Nulabs popularity. I think he is like Boris Johnson, a man with more brains than what he appears to have.

The task of the new Chancellor is basically very simple, slash expenditure and don't give a bugger about the protestations that are bound to follow.

Regards

Mick