Labours five point plan.

Thrugelmir

[QUOTE=CLAPTON;47217047
and remember that Dave was going to continue the spending ; indeed was going to increase it due to the increase in wealth

now those were the days[/QUOTE]

That's politicians speak. Failure to address the real issues will be seized upon by the markets.

Thrugelmir

leveller2911 wrote: »

, just think about it £1,000 for a couple of wooden windows(hardly a luxury) .

How much to manufacture in the Far East?

Too many products are overpriced before VAT is even added.

TruckerT

I haven't listened to the news since lunchtime, but an interviewer then was saying to a labour politician that the public perception is that the labour party is responsible for our current woes

I disagree with that - I think the public blames the banks

Ed Balls's list of apologies really annoyed me, it was too general to have any real meaning

The likely results of his 5-point plan are just as unpredictable as any other plan

When will somebody 'take on' the banks? For sure, that is the only way forward

TruckerT

wotsthat

I'm quite a committed Labour voter.

However, even I can see that this plan is without substance and I'm surprised at the coverage its received. It's simple opposition politics - say you'd do it differently and hope that the government !!!! up. Even if things go OK labour can always say "well if we'd been in power things would have been better than OK".

Labours have two problems that need to be resolved well in advance of the next election - Milliband & Balls. If they don't even the Conservatives might scrape another win.

kabayiri

leveller2911 wrote: »

Speaking as someone who is vat registered I can say that many of my customers have either : Put work on hold due to having to pay 20% vat or asking me "is there anything we can do about the vat?"......

Obviously I say I can't do anything about the vat but many ask the same question over and over again so I think it may matter more than you think, just think about it £1,000 for a couple of wooden windows(hardly a luxury) and then £200 to the government....I think the vat rate of 20% is a burden many cannot afford to pay.

In the example you cite, dropping VAT by 5% will result in tax of about £150 rather than £200, so a £50 saving. I'd be expecting to be able to negotiate at least a £50 saving.

hallmark

The continual bank-bashing is vile politicking of the lowest order. If it's a bank the taxpayer owns there's no net benefit in taxing them. And any other bank can just choose to leave the UK, an increasing possibility. Typical scum politics that one.

Investing in roads etc? They had 13 years to do that.

Cutting VAT? Waste of money just like when they did it before. Cutting vat on house improvements? Even now they're still trying do whatever they can to boost the housing market. They have no clue how to actually increase production, just want to rely on an endless housing boom to fund their profligacy.

Point 5 is the only one with any merit IMO, although why it should be only small businesses makes no sense. Why not reduced/zero NI on all new net employees for the next few years, something tangible that would actually be a big incentive to employers.

TruckerT

hallmark wrote: »

The continual bank-bashing is vile politicking of the lowest order

If only such politicking was actually taking place, there might be a way forward, but it just ain't happening

TruckerT

CLAPTON

kabayiri wrote: »

In the example you cite, dropping VAT by 5% will result in tax of about £150 rather than £200, so a £50 saving. I'd be expecting to be able to negotiate at least a £50 saving.

surely a man of your calibre would negotiate at least £50 whatever the VAT rate.....

leveller2911

kabayiri wrote: »

In the example you cite, dropping VAT by 5% will result in tax of about £150 rather than £200, so a £50 saving. I'd be expecting to be able to negotiate at least a £50 saving.

My point was that many products that are vat rated at 20% are not luxury items,for instance maintaining a house isn't luxury ,its a necessity.

If your house is Grade II Listed and you replace rotten windows (maintain)then you pay 20% vat but if you turn a bedroom into a luxury bathroom then thats zero rated for vat. Wheres the logic in that?.

The whole system is twisted, theres no encouragement to maintain a house.IMO if your carrying out maintenance then it should be zero rated....That would encourage people to have work done, keep people in work which has to be a good thing.

antrobus

Graham_Devon wrote: »

What do people think? ...

Tax and spend.

With the emphasis on spend.