Cameron makes savings tax pledge

overlander

Rochdale_Pioneers wrote: »

The people without savings are already covered with a tax free savings allowance. How many of them are likely to manage to save more than this to benefit from this?

I do agree i do not think this policy will change much but it now gives us a choice. We just cannot keep the Gordonomics up, that will ruin the country. We just cannot run up more debt, the change to savings will be a long hard one but until now the choice we had was clown wanting us to get in more debt. The simple fact is Labour are out the next election possibly for a generation when the full horror of Gordonomics is exposed. I do not particulary like the tories but they will be elected next and at least we now know that they will just not follow the debt binge and that can only be good.

nickmason

SGE1 wrote: »

Bet if I told you I was also an OUCA member in the past, you wouldn't believe me

I would - I'd be more surprised if you paid for your own membership, though

(for the unitiated, OUCA - oxford conservatives - has a long and illustrious history of people buying memberships for "friends" so that they can vote for them. The wonderful irony is that most didn't do as instructed.)

nickmason

how many bloody oxford grads are there on this forum?:eek:

I've counted about 7, I reckon. This is worse than being in the union bar (and for my part - blindfold :cool: )

Masomnia

nickmason wrote: »

I don't think this is a publicity stunt - I think it's trying to set a philosophical mood.

Quite possibly, maybe I should give him the benefit of the doubt. I always criticized him for a lack of concrete policies, I should count my blessings and be grateful that he's come up with something! It just seems a little disingenuous to me to try and put this message across by offering tax cuts, when he could just as easilly write newspaper columns, make party broadcasts or something like that. But then I suppose most people wouldn't listen if there wasn't something in it for them. Maybe I'm too harsh? Oh I dunno.

or a 25% increase in savings income from £28 to £35. I'd notice that. And as I said earlier, much of that increase will probably only serve to stop the capital depreciating in real terms.

I'd notice it too, but is it worth taking £4.1billion (I think their figure was) out of public money to do that? Especially when we have such high levels of borrowing.

Why? What have I missed?

Just making the point that an ISA is tax free anyway, so if you fill up your ISA first then move on to savings accounts - as is often quite rightly advised here - then the benefit is only on the amount outside the ISA.

Masomnia

Oh and to be fair to Cameron, I do agree with the idea of raising the personal allowance for pensioners.

nickmason

Masomnia wrote: »

Quite possibly, maybe I should give him the benefit of the doubt. I always criticized him for a lack of concrete policies, I should count my blessings and be grateful that he's come up with something! It just seems a little disingenuous to me to try and put this message across by offering tax cuts, when he could just as easilly write newspaper columns, make party broadcasts or something like that. But then I suppose most people wouldn't listen if there wasn't something in it for them. Maybe I'm too harsh? Oh I dunno.

Apparently Blair used to have exactly the same problem - accusations of no policies, never able to get his message across as much as he wanted to. (So much so that they still weren't sure they'd win even on the eve of the 97 landlside)

And I remember talking to Oliver Letwin who said that he reckoned he was the only person who knew the 250odd policies in the 2005 manifesto, because he'd written them; that most people didn't know any, and even politicos would struggle to name 3 accurately.

This is why the "mood" thing is so important. The differences can be striking; or subtle, but the difference needs to exist.

(On policy, I note that Robert Peston of all people is tipping that the government will adopt the conservative proposals for a guaranteed loan scheme.)

emweaver

Im not lucky enough to have any savings so I wont benefit from it

nickmason

emweaver wrote: »

Im not lucky enough to have any savings so I wont benefit from it

I really don't want to cause offence, because there might be all sorts of genuine instances of bad luck to explain why you don't have savings. But for most people who don't, the phrase "i'm not lucky enough" isn't appropriate. It's more that they haven't chosen to save.

I don't mean to pick on you - but if you were pick 100 random people to express such an opinion, I reckon the majority would have themselves to blame.

That's what needs to be changed.

emweaver

Its not i havent chosen to, but after all our outgoings we have nothing left to save. Were

louiser123

nickmason wrote: »

I really don't want to cause offence, because there might be all sorts of genuine instances of bad luck to explain why you don't have savings. But for most people who don't, the phrase "i'm not lucky enough" isn't appropriate. It's more that they haven't chosen to save.

I don't mean to pick on you - but if you were pick 100 random people to express such an opinion, I reckon the majority would have themselves to blame.

That's what needs to be changed.

i dont entirley agree with that as posted before, agreed there are people who just refuse to save, some who spend and think later ect.
but there are literally thousands of familys out there who quite simply CAN NOT save, not because they refuse or just dont know how but because they simply have no disposable income to save.
i work in a very well paid job, training those on minimum wages who work long hours for little pay and have just enough to pay the bills and feed the family, never go out or buy unnecisary things, and are just managing but simply have nothing to save and believe me there are over 10,000 employees in that situation in the company i work for thats just one national company in the uk. !

so its not that simple and cut and dried that everyone can save, unfortunatly that wont change until people are paid decent wages in line with inflation and living costs but thats a whole other topic.