Another reason to vote Tory...

mitchaa

Seems like a good idea to me...

http://news.bbc.co.uk/1/hi/uk_politics/8592144.stm

People will have more in their paypackets which gets the thumbs up from me :jIt would appear from the article that the additional 1% would be scrapped for basic rate taxpayers but still be applicable for higher rate.

In order to close the deficit, they really need to start looking at ways to reduce the benefits bill (Perhaps a child related cap or limit on tax credits)

mitchaa

Would also appear that he would raise the higher rate limit from £43,875 upto £45,400

IveSeenTheLight

mitchaa wrote: »

People will have more in their paypackets which gets the thumbs up from me :jIt would appear from the article that the additional 1% would be scrapped for basic rate taxpayers but still be applicable for higher rate.

I wonder how much of this is smoke.

It's easy to announce an extra 1% and the perception is that therefore you have 1% more money to spend / save, however the reality is that other intriduction could easily wipe out that 1% and more.

It very pheasable that you percieve you will have an extra 1% income, however other taxations would result in a net reduction in disposable income.

Sir_Humphrey

Well, we know (do we?) that Tories plan to cut the deficit quickly (at least they said so a few weeks on and off?).

So I would be looking at which other taxes will be rising to pay for this NI measure.

robin_banks

Sir_Humphrey wrote: »

Well, we know (do we?) that Tories plan to cut the deficit quickly (at least they said so a few weeks on and off?).

So I would be looking at which other taxes will be rising to pay for this NI measure.

Value Added springs to mind.

mitchaa

Sir_Humphrey wrote: »

So I would be looking at which other taxes will be rising to pay for this NI measure.

Labour plans have not been introduced yet. The conservatives idea is to tax higher rate tax payers at 2% NIC rather than 1% so they are still going to generate 'extra' income, just not as much as labour had planned.

markharding557

Election bribe pure and simple anything any of the parties say should taken with a pinch of salt.
Normality will not resume until after the election when the government whether blue or red will hit us with everything but the kitchen sink to get the countries finances in order:eek:

Sir_Humphrey

mitchaa wrote: »

Labour plans have not been introduced yet. The conservatives idea is to tax higher rate tax payers at 2% NIC rather than 1% so they are still going to generate 'extra' income, just not as much as labour had planned.

I have been out of the UK on business for the last week, so I am not 100% informed on the budget etc yet.

mitchaa

markharding557 wrote: »

Election bribe pure and simple anything any of the parties say should taken with a pinch of salt.
Normality will not resume until after the election when the government whether blue or red will hit us with everything but the kitchen sink to get the countries finances in order:eek:

It's bribed me;)

Although to be fair I was always a tory man in the first place.

lemonjelly

Your use of the word "another" implies that this is not an isolated reason.

FWIW, this is not a reason. The notion that there are other reasons is:

a) a joke

b) countered by the tellingly obvious lack of ability within tory ranks to put forward a coherent set of individuals who would form a proper government

kennyboy66_2

mitchaa wrote: »

Seems like a good idea to me...

People will have more in their paypackets which gets the thumbs up from me :jIt would appear from the article that the additional 1% would be scrapped for basic rate taxpayers but still be applicable for higher rate.

In order to close the deficit, they really need to start looking at ways to reduce the benefits bill (Perhaps a child related cap or limit on tax credits)

So does, cutting income tax, petrol duties and alcohol taxes.

Thatcher increased direct & indirect taxes in 1981. Only dreamers think the deficit will be solved without some contribution from higher taxes.

Another moronic policy from Gideon. He really is a gimp.