Wednesday 20th Budget Discussion

N1AK

EvilJaz wrote: »

The dates coming up soon, and i'm sure it will affect us all in some way.

Anything you'd like to see? i'm hoping for some more FTB aid and i am also hoping the tax benefits for BTLing get scrapped

I'd like to see a 24 month reduction in the higher rate income tax bracket to £35k (raising £0k-£2k) each year from everyone earning over with the money earned being allocated to capital expenditure on:
> Housing
> Infrastructure
> Training & Apprenticeships

It would hit both of us but the growth generated by the immediate injection of money into the economy, combined with the long term benefits of the investment will more than make up for the immediate costs.

IveSeenTheLight

N1AK wrote: »

I'd like to see a 24 month reduction in the higher rate income tax bracket to £35k (raising £0k-£2k) each year from everyone earning over with the money earned being allocated to capital expenditure on:
> Housing
> Infrastructure
> Training & Apprenticeships

It would hit both of us but the growth generated by the immediate injection of money into the economy, combined with the long term benefits of the investment will more than make up for the immediate costs.

It seems there has already been an agreement to increase this in 2014-2015 and 2015 - 2016
http://www.hmrc.gov.uk/tiin/2012/tiin1080.pdf

Thing is about your suggestion, how much of that increased revenue would be used to plug the increase in the lower earning limit threshold.

How much funds would you see go into
> Housing
> Infrastructure
> Training & Apprenticeships

grizzly1911

N1AK wrote: »

I'd like to see a 24 month reduction in the higher rate income tax bracket to £35k (raising £0k-£2k) each year from everyone earning over with the money earned being allocated to capital expenditure on:
> Housing
> Infrastructure
> Training & Apprenticeships

It would hit both of us but the growth generated by the immediate injection of money into the economy, combined with the long term benefits of the investment will more than make up for the immediate costs.

That is fine if you are not reliant on the income.

Losing between £170 -£340 per month may be more than people can afford, as inflation digs deeper into peoples finances.

wotsthat

N1AK wrote: »

I'd like to see a 24 month reduction in the higher rate income tax bracket to £35k (raising £0k-£2k) each year from everyone earning over with the money earned being allocated to capital expenditure on:
> Housing
> Infrastructure
> Training & Apprenticeships

It would hit both of us but the growth generated by the immediate injection of money into the economy, combined with the long term benefits of the investment will more than make up for the immediate costs.

Apart from the horror of a tax that affects me there are a couple of flaws..

- you don't need to be much of a cynic to realise that a temporary tax could quite easily become permanent

- why assume that the government would make a better job of investing this than individual taxpayers.

I reckon an increase in the higher rate tax bracket and an equivalent cut in spending would be far more beneficial for the economy.

Thrugelmir

Mr._Pricklepants wrote: »

Mister "Lifetime spent dealing with Finance" doesn't do facts. Soundbite after soundbite pretending to have a clue....

Here we go again. I guess I've singled out this time for your treatment (yet again).

Bye Bye.

Thrugelmir

IveSeenTheLight wrote: »

Personally, my boilers are services yearly along with the Gas Safety Certificate and is on a maintenance plan, such that any problems can be called on for 24/7 support and repair

What % of BTL LL's or let properties do you represent?

Thrugelmir

IveSeenTheLight wrote: »

Another soundbite.
Facts please!

Lets see how the game plays out shall we.

Not even half time yet.

Plenty of facts and information are available if you wish to make an informed view.

MS1950

Thrugelmir wrote: »

Here we go again. I guess I've singled out this time for your treatment (yet again).

Bye Bye.

What about responding to my post (# 41 - above)?

Or is that a problem as it would involve providing actual facts and figures rather than dismissive one liners?

grizzly1911

MS1950 wrote: »

Absolutely. See his absurd claim on the 'Jeremy Warner on the Budget' thread that:

"By 2010 50% of the workforce were effectively (more if outsourcing is included) employed by the Government"

Then, when provided with official ONS figures (a 20%/80% public/private split) and asked for a source for his figures - despite posting on here several times a day - he hasn't responded.

Of the 80% that are in the private sector how many of them are paid out of public finances, via their private employer, I wonder?

Companies like SERCO

http://www.guardian.co.uk/society/2013/mar/07/private-contractor-data-nhs-watchdog

or Capita

Capita works across eight markets - being local government, central government, education, transport, health, life and pensions, insurance, and other private sector organisations (including financial services). Examples include a television licence fee contract for the BBC, won from the Post Office; management of call centres for many government initiatives such as the London congestion charge (although this has recently transferred to IBM); and provision of IT services, including web hosting and helpdesk support, to many county and city councils, many LEAs, the Driving Standards Agency and the National Rail (NCCA).
Capita manages the Criminal Records Bureau for the Home Office. In 2002, when mandatory CRB-vetting of all workers

http://en.wikipedia.org/wiki/Capita_Group

or Sodexho

Sodexo not only runs four prisons, but built them, and is currently involved with 17 public-private finance projects; has hospital contracts;

http://www.thisismoney.co.uk/money/news/article-2074263/CITY-INTERVIEW-Sodexo-serving-UK-success.html

or Compass

ESS provides unrivalled services to the Government Services Sector of Defence, Police Authorities, HM Prisons and other Central Government Departments. Our client portfolio includes the Ministry of Defence, the Foreign and Commonwealth Office, the Ministry of Justice, Her Majesty's Police Constabulary, the Royal Navy, the Army and the Royal Air Force. We also operate with business to business clients in PFI, PPP and Prime contractor business.


http://www.compass-group.co.uk/ess-about-us.htm


or G4S


G4S operates custody facilities on behalf of law enforcement agencies, including seven prisons in England and Wales,[32] reduced to six after it lost its contract to run HMP Wolds[33] which it had run since its opening in 1992.


http://en.wikipedia.org/wiki/G4S

Those are examples of workers contracted to do direct jobs what about them that are incidental.

http://www.tendersdirect.co.uk/sector/governmentcontracts/?source=ukgovernmentcontract&gclid=CPbph

Just curious.

Thrugelmir

MS1950 wrote: »

What about responding to my post (# 41 - above)?

Or is that a problem as it would involve providing actual facts and figures rather than dismissive one liners?

Grizzly 1911 has given a good indication of what's occured.

To the list add Carillion. Which covers virtually all hospital support workers outside of the professionals employed.

Also UK Shared Business Services.