VAT cut in UK must be opportunity to get purchases past wives and girlfriends

quote:

Originally posted by Harty601:
How many of us will be using the VAT cut (if it's confirmed tomorrow) as an excuse for some new purchases? I am after a powerline- surely Mrs Harty will think I'm mad if I don't take the chance to save a massive £9.87!!

It is a bit of a joke IMHO and then will used as another excuse to hit me and you for a load more tax later. I would prefer that did not cut it myself.

I agree, and we will be bent over - it's just a case of waiting a bit longer for it. However, I wasn't using this forum to get on my soap box - just a bit of fun and also demonstrating that even on a purchase of a few hundred pounds, it isn't much to write home about

It is bloody stupid to cut taxation.

HMG is alread playing fast and loose with Sterling with a policy of abnormally low interest tates and plans to force banks to make further "sub-prime" loans that prudent business practice would not otherwise lead them to do. This makes everyone in the UK worsen off over time.

We have had a period where a credit bubble built up, and Brown [and Busg in the USA] must accept the fact that you cannot borrow yourself out a credit bubble.

Their lack of competent regulation and oversight of the banks leaves us all - borrowers and non-borrowers alike - in the mire. To propose further borrowing is simply tantamount to digging a deeper hole even when there seems to be no easy way of avoiding severe damage, economically, from the consequences of already extending too much loose and poor lending - in other words the hole that they have already got us into with their policy of running a boom on credit rather than on productivity of industry.

There is no easy way out of this as things stand, and house prices will half from their peak and we shall have three, maybe four million unemloyed in UK, even without making the situation worse by leaving HMG with no option to go running of the IMF in a while as was the case in the last Labour administration in the late seventies, because of non-control of the PSBR.

Not only is Brown completely lacking in prudence, he lacks basic common sense.

ATB from George

quote:

Originally posted by GFFJ:
We have had a period where a credit bubble built up, and Brown [and Bush in the USA] must accept the fact that you cannot borrow yourself out a credit bubble.
ATB from George

that's the whole dinner, from soup to nuts.

Well I think it is great idea to cut VAT as I haven't bought any Xmas presents yet and I'll be able to get them even cheaper - I'm not going to worry about paying more incoming tax next year because the way things are going I won't have an incoming next year. Every silver lining has a cloud.

Surely if God had meant us to worry then he wouldn't have given us sand to bury our heads in.

I really liked that plan to make the leaf the unit of currency as living around here I'd be rich.

ATB Rotf

Mr Brown goes in to town on the 8:41
But he comes home each evening and he's ready with his gun

Haven't you guys read 1984 - there is no Credit Crunch, it is just something put around by the Government to curb inflation.

Why oh why do politicians make this mistake over and over again ?

The only tax cuts that will work are income tax cuts not purchase based taxes ...

Because we elect Politicians not Business People to manage our affairs of finance.... get the people on Dragon's Den to run the country and will be in the clear in 2 months (Canadian /show)

I don't want Business Men running anything round here - if Chippy Minton took over from the Mayor then it would be dreadful. It was tried before and caused a mass riot and Snorty and the boys had to sort it out. What would Mrs Honeyman say?

There's unemployment rising in the Chigley end of town ....

Obviously this will do nothing to stave off the impending recession. However it might bring inflation back into line giving Brown something positive with which to go into an election before the recession bites fully.

Ultimately we will all pay for Browns decade of imprudence, though those with their goldplated public sector pensions to a lesser extent.

Willy.

Just read that they will reduce VAT to 15% and then after a period increase to 18.5% and then 20% to pay for it. And then I am sure it will stay there, just another stealth tax.

quote:

Originally posted by shoot6x7:
Why oh why do politicians make this mistake over and over again ?

The only tax cuts that will work are income tax cuts not purchase based taxes ...

Wise words.

Tax cut or not, many will still be cash-strapped from their previous spending habits and those cuts will not much use anyway.

What next? Maybe they're planning to give money away for people to spend at Christmas...

Andrew Randle

Don't they know its Christmas?