Pre-Budget Report - LIVE

Graham_Devon

Darling is now kind of reverting on what was said about the bank bonuses.

He is now saying this is not to try and create revenue, but to try and stop the bonuses being paid in the first place.

It seems this wasn't the case yesterday, though he claims it was.

I don't believe it was the case, because, he also announced this morning that from this morning he will be setting the tax avoidance people on a missing to close any way of the banks avoiding this bonus tax, which, when completed, will be backdated to yesterday.

Seems he is now reversing what he was saying after the stick they got. He'd have got the tax avoidance people to sort this out in the first place, not start this morning after seeing the headlines.

sgh1976

JasonLVC wrote: »

I knew there was a previously agreed pay rise but that was then, this is now.

If Darling can introduce a 'panic' tax on bankers then he can introduce a panic cut on public sector workers. .

Indeed he should of (and I work for the NHS) but there was never going to be a chance of it happening with an General Election around he corner. Mass public sector strikes in the months upto it had to be avoided for his partys sake.

If the Election was in 2011, the cuts may have happened

Lotus-eater

Graham_Devon wrote: »

Darling is now kind of reverting on what was said about the bank bonuses.

He is now saying this is not to try and create revenue, but to try and stop the bonuses being paid in the first place.

It seems this wasn't the case yesterday, though he claims it was.

I don't believe it was the case, because, he also announced this morning that from this morning he will be setting the tax avoidance people on a missing to close any way of the banks avoiding this bonus tax, which, when completed, will be backdated to yesterday.

Seems he is now reversing what he was saying after the stick they got. He'd have got the tax avoidance people to sort this out in the first place, not start this morning after seeing the headlines.

I'm not an expert on city bonuses, but this one year taxation plan seems to have more holes in it than a broken sieve.

Soundbite politicising, how dare you infer sir!

JasonLVC

sgh1976 wrote: »

Indeed he should of (and I work for the NHS) but there was never going to be a chance of it happening with an General Election around he corner. Mass public sector strikes in the months upto it had to be avoided for his partys sake.

If the Election was in 2011, the cuts may have happened

I am ex-civil service myself (albeit many years now), so I know the score.

I wasn't bashing public sector workers in general, just attacking the imbalance between Darling taxing a very small minority which'll bring in a few quid at best and increasing the pay (albeit a small %) for a vast majority. How that raises revenue and saves money I do not know.

But it is an election year after all.

These bankers will find a way to avoid paying the tax. Either the bonus' will be forestalled until 2012 say or will take another non-monetary form (or even go off-shore)....I'm not entirely sure if this breaches European legislation under Human Rights Act on the basis a windfall tax on a company is okay as a company is a legal entity rather than a person, but this new tax is against a person who has an employment contract to pay X amount of money.

I'm not a fan of these bankers I hasten to add, jsut trying to figure out the logic here somewhere?.

reddevilled

Lotus-eater wrote: »

I'm not an expert on city bonuses, but this one year taxation plan seems to have more holes in it than a broken sieve.

Soundbite politicising, how dare you infer sir!

I quite agree. I's just paying lip service to the general public. Even though from a personal stance I could really do without it, it would have been nice to see a Chancellor willing to make tough hard decisions to get us out of this mess

Thrugelmir

reddevilled wrote: »

I quite agree. I's just paying lip service to the general public. Even though from a personal stance I could really do without it, it would have been nice to see a Chancellor willing to make tough hard decisions to get us out of this mess

There is little the Chancellor can actually do. Most of the pain will be absorbed by the working population who will work harder for just to stand still.

I found Irelands budget approach more in keeping with what we should be doing now, not in 6 months time.

Private sector pay is already frozen/cut for many. So why should public sector be guaranteed any rise at all?

kabayiri

Thrugelmir wrote: »

I found Irelands budget approach more in keeping with what we should be doing now, not in 6 months time.

Private sector pay is already frozen/cut for many. So why should public sector be guaranteed any rise at all?

I'm with you on this.

I would have implemented a wartime style cabinet/ruling party system for the next few years. That would allow us to start implementing change now.

A lot of people will accept significant pain in the next few years, but only if they feel it is being shared across all sectors.

This includes the rich, it includes the poor, it includes private and public sector.

nembot

Thrugelmir wrote: »

There is little the Chancellor can actually do. Most of the pain will be absorbed by the working population who will work harder for just to stand still.

I found Irelands budget approach more in keeping with what we should be doing now, not in 6 months time.

Private sector pay is already frozen/cut for many. So why should public sector be guaranteed any rise at all?

Agreed, we got off lightly this time.

StevieJ

Thrugelmir wrote: »

There is little the Chancellor can actually do. Most of the pain will be absorbed by the working population who will work harder for just to stand still.

I found Irelands budget approach more in keeping with what we should be doing now, not in 6 months time.

Private sector pay is already frozen/cut for many. So why should public sector be guaranteed any rise at all?

The temperature is rising :eek: for those of a sensitive nature cover your ears
http://www.liveleak.com/view?i=52f_1260668165

Heyman_2

StevieJ wrote: »

The temperature is rising :eek: for those of a sensitive nature cover your ears
http://www.liveleak.com/view?i=52f_1260668165

Wow, didn't need the sound up to work out what he was saying