!!!!!! - Clown to raise the top rate of tax to 45%

StevieJ

Vince Cable, well done - direct tax cuts not Vat cuts are what is required.

Lotus-eater

Oh great, so they've cut VAT by 2.5% for 13 months and upped fuel duty to make up for the cut in VAT.
So businesses who claim back VAT on fuel will now pay more for the fuel. And this is helping is it?

About the only way I was helped was by the cut in VAT on fuel, now that's gone personally and commercially.

And the .5% on NI? How is this helping me!!!

Heyman_2

Well, what an absolute sham and waste of time that was.

Lowering VAT by 2.5% for a year but raising duty on petrol and booze by the same amount? How does Darling think that goods get into the shops? And surely this is yet another blow for struggling Pubs?

As some have already commented, I'm sure we'll see the duty increases rescinded when VAT goes back up to 17.5% next year - not :rolleyes: :mad:

The rest of it was the usual smokescreen rubbish - I didn't expect too much, but for all the posturing about the necessity for a 'fiscal stimulus' and then to deliver a half baked bunch of measures which will actually leave a lot of people and small businesses worse off beggars belief!

kennyboy66_2

StevieJ wrote: »

I really cannot see the benefit of the Vat cut
12.5 billion for something that will hardly be noticed.

I can't really see the point of it either, but would suspect that when it does go back up, it might end up at a higher rate than 17.5%, even if it does take 2 jumps to get there (lets say 20%).

An interesting example of Labour enacting policies that used to be considered Tory.

After all it was the blessed Margaret who increased VAT from 8% to 15% in 1979 and Major who jacked it up to 17.5% in 1991.
The first increase was largely done to fund a higher rate tax reduction from 83% to 60%, which interestingly is where it stayed for the next 9 years, and you know what - people still managed to start businesses, without this being described as a tax on aspiration.
VAT - a regressive tax that used to considered 'unfair' on the poorest - now the spin seems that Labour will put it up higher still.

No doubt we will have people bleating on about the tax they pay if and when VAT does go up.

If people don't like living in the UK, why don't they **** off somewhere else.

You may however find that in the likes of Australia, they are none to keen on whingers & people without any sense of fairness.

Heyman_2

StevieJ wrote: »

Vince Cable, well done - direct tax cuts not Vat cuts are what is required.

Quite.

Unfortunately we've got Darling and Brown at the helm - god help us. As usual the only thing we got from Darling was hot air, when the man speaks I can actually feel money being siphoned from my bank account!

ad9898_3

Glad to see Osbourne tearing Brown/Darling a new @srehole, I think he did quite well in exposing them for what they are.............utterly useless at running the finances of the country.

All the bad news is coming in 2011, any reason for that ?, can anybody think why that could be ? I'm racking my brains but can't think what:rolleyes:

StevieJ

kennyboy66 wrote: »

I can't really see the point of it either, but would suspect that when it does go back up, it might end up at a higher rate than 17.5%, even if it does take 2 jumps to get there (lets say 20%).

An interesting example of Labour enacting policies that used to be considered Tory.

After all it was the blessed Margaret who increased VAT from 8% to 15% in 1979 and Major who jacked it up to 17.5% in 1991.
The first increase was largely done to fund a higher rate tax reduction from 83% to 60%, which interestingly is where it stayed for the next 9 years, and you know what - people still managed to start businesses, without this being described as a tax on aspiration.
VAT - a regressive tax that used to considered 'unfair' on the poorest - now the spin seems that Labour will put it up higher still.

No doubt we will have people bleating on about the tax they pay if and when VAT does go up.

If people don't like living in the UK, why don't they **** off somewhere else.

You may however find that in the likes of Australia, they are none to keen on whingers & people without any sense of fairness.

They will be increasing the Vat when inflation will be accelerating, having just now reduced it as they are trying to fight deflation, totally bizzare.

StevieJ

ad9898 wrote: »

Glad to see Osbourne tearing Brown/Darling a new @srehole, I think he did quite well in exposing them for what they are.............utterly useless at running the finances of the country.

All the bad news is coming in 2011, any reason for that ?, can anybody think why that could be ? I'm racking my brains but can't think what:rolleyes:

You are joking, Osbourne got tossed :rotfl: the bit about the Jap finance minister was quite funny.

Jonbvn

mitchaa wrote: »

I think someone started the whole thing off that being an engineer was not a professional job and i simply reacted by stating some engineers are paid a hell of a lot and far more than some text book professionals.

I stated that I was surprised to see someone state that they perceived that engineers are on a par with other professionals in the UK. Given that I am a professional engineer and that the common perception in the UK is that an engineer is someone who fixes your car/TV, I stated that this may be a turning point.

Clearly with all your CSE's you didn't understand.

ad9898_3

StevieJ wrote: »

You are joking, Osbourne got tossed :rotfl: the bit about the Jap finance minister was quite funny.

What I was interested in is that while he was speaking, Brown couldn't look him in the eye. Darling looked like he was thinking 's**t, I've been found out, shut up, please' and the rest of the front bench especially Jack Straw looked as though they wanted to crawl up their own backside.

Says it all really, I was thinking of emigrating back to oz in 2012, think I might bring that forward, the country has had it.