Possible Tax Cuts on the way

drbeat

Dan: wrote: »

http://news.bbc.co.uk/1/hi/uk_politics/7719017.stm

I predicted the other day, on another thread, that we will be getting tax cuts next.

Keep People Spending = people keep their jobs = stronger economy

Folk have already saved hundreds each month from their mortgage (other folk no longer fear coming off fixed rates) and soon extra money in the pay packet - it's gonna be a good xmas after all.

I'll be interested to see what happens, the kind of cuts should be on fuel duty, road tax and income tax...I bet your @rse that it won't happen.

Gorgeous_George

Tax cuts are only ever for the rich. A couple of pence off the basic rate is soon recovered by taxing 'near essentials' such as insurance, clothing etc.

The average tax percentage has gone up (near 40%) but it has definitely come down for the super rich. Simple maths shows that Mr Average must be paying much more to pay for the tax cuts for the rich.

GG

drbeat

Dan: wrote: »

and soon extra money in the pay packet - it's gonna be a good xmas after all.

You don't know this yet...so how can you say that people are going to have extra money in their pay packet?

Dan:_4

drbeat wrote: »

You don't know this yet...so how can you say that people are going to have extra money in their pay packet?

Check the thread title - I said 'Possible'

monkeymaster

Dan: wrote: »

http://news.bbc.co.uk/1/hi/uk_politics/7719017.stm

I predicted the other day, on another thread, that we will be getting tax cuts next.

Keep People Spending = people keep their jobs = stronger economy

Folk have already saved hundreds each month from their mortgage (other folk no longer fear coming off fixed rates) and soon extra money in the pay packet - it's gonna be a good xmas after all.

Unfunded tax cuts = more Government deby = weaker currency, future tax rises to pay back or interest rate rises

Very predictible for this Government approaching a general election.

Gorgeous_George

The Government hold major shareholdings in the banks. Maybe tax cuts could be funded from the dividends?



GG

drbeat

Dan: wrote: »

and soon extra money in the pay packet - it's gonna be a good xmas after all.

I did read the title, but the content doesn't match! Above is what you wrote - no sign of 'possible' in your 1st post?

WTF?_2

Dan: wrote: »

http://news.bbc.co.uk/1/hi/uk_politics/7719017.stm

I predicted the other day, on another thread, that we will be getting tax cuts next.

Keep People Spending = people keep their jobs = stronger economy

Folk have already saved hundreds each month from their mortgage (other folk no longer fear coming off fixed rates) and soon extra money in the pay packet - it's gonna be a good xmas after all.

Great - but given all the money splashed out on the banks and the thumping existing public sector debt, where is all this money going to come from? Are the bond markets going to rush to take on UK debt?

Still - maybe one last Xmas to max the plastic out then years of grinding out an existance to pay off all the debt. If they keep their job.

drbeat

The OP started with possible and then finished with it's going to be a good xmas after all??? I'm quite keen to know what it is he/she knows?

Dan:_4

drbeat wrote: »

I did read the title, but the content doesn't match! Above is what you wrote - no sign of 'possible' in your 1st post?

OK, I will edit it...just for you!