What would you like to see in the Budget next month?

Conrad

Herzlos wrote: »

Streamlining of VED and benefits payments.
Increase in personal allowance or
Tax relief on work related costs (like train/bus fares).

Where will the money come from for all the things the left in particular bang on about, social care, NHS, wage rises for public servants (beyond 1% pa), improved disabled persons access (for the blind for example), services for the children of alcoholics, domestic abuse, sub-Saharan GW assistance and the dozens of other things the left is currently calling for and that their MP's in the HOC's loudly cheer?


£1.6 trillion debt is thus by definition insufficient. Presumably £2 trillion plus would be acceptable, for now......?

westernpromise

Reversal of all stamp duty changes since 2014. Nil cost.

Herzlos

Conrad wrote: »

Where will the money come from for all the things the left in particular bang on about, social care, NHS, wage rises for public servants (beyond 1% pa), improved disabled persons access (for the blind for example), services for the children of alcoholics, domestic abuse, sub-Saharan GW assistance and the dozens of other things the left is currently calling for and that their MP's in the HOC's loudly cheer?

Cutting down on tax evasion (both corporate and individual) would be a good start, and things like expenses abuse.

Reducing bureaucracy in overly complex systems would also help.

Investing money properly, to deal with issues whilst they are cheap, instead of trying to cut corners and deal with them when they are more expensive (like in-home care, early treatment and so on).

Trying to get out of the PFI mess that wastes a small fortune in NHS/council resources.

I'd also add a small tax on bulk filing of small claim papers, as well as a largish fine for any spurious or vexatious claims.

steampowered

Herzlos wrote: »

Trying to get out of the PFI mess that apparently consumes about 70% of the NHS funding, would also make a huge difference.

Do you have a source which supports this rather incredible claim?

Herzlos

steampowered wrote: »

Do you have a source which supports this rather incredible claim?

Some lefty blog. According to this, it's about 5-7%: http://www.if.org.uk/archives/3453/new-figures-reveal-weight-of-pfi-burden-on-nhs-trusts
Which also claims that the we're paying more in interest on the PFI stuff than the assets actually cost.

Payments of £628.7 million in FY2011/2012.

rtho782

My unlikely, but dream budget...

* Eliminate NI. Increase basic and higher rates of tax accordingly, so that even the elderly pay NI, and the system is more transparent.
* Scrap HS2. Reinvest the money in large scale FTTP rollout nationwide.
* Replace council tax with local income tax, at different % rates for basic rate/higher rate payers.
* Means test the state pension, by means of an automatic tax code adjustment for those that claim it so that they pay 75% tax on their pensions until the tax pays offsets the state pension. If you're a high earner you wouldn't bother claiming state pension at all.
* Bring in rules allowing forced migration of DB pensions to DC schemes at a "deemed value" of the DB pot.
* Replace Triple lock with a "single lock" linking pensions to average wages only.
* Reduce inheritance tax threshold to £200k, link to CPIH going forwards.
* Eliminate NHS prescription charge. Introduce a £5 GP fee for an appointment, with a £25 missed appointment fee. Prescription prepayment certificate now covers GP appointments. For most this would be a net fee decrease, unless they are exempt.

kabayiri

Scrap 1p and 2p coins.

Still price down to the penny, but round up to the nearest 5p on the bill, like they do in Canada.

Collect all this money as penny tax.

antrobus

davomcdave wrote: »

Abolish stamp duty and income tax on the poor. Replace the lost revenue with a carbon tax.

The Institute for Fiscal Studies said that the proportion of working-age adults who do not pay income tax has risen from 34.3 per cent to 43.8 per cent, equivalent to 23million people....The Institute for Fiscal Studies said that the change has been driven by George Osborne's policies of tax cuts for low earners and hikes for those who earn the most.

http://www.telegraph.co.uk/news/2016/04/26/nearly-half-of-britons-pay-no-income-tax-as-burden-on-rich-incre/

I therefore conclude that "income tax on the poor" has already been abolished .

antrobus

Conrad wrote: »

Where will the money come from for all the things the left in particular bang on about...

The usual answer is 'tax the rich'; although experience has shown that it usually means increasing taxes for most people because, sadly, the rich tend to be few in number, have good accountants, and the ability to sod off to Necker Island or wherever, as they fancy.

These days, the left tends to shy away from such things and so the answer now seems to be either (a) printing money, as in people's QE or, (b) some promise to collect billions from Google, Amazon, Facebook or any other large US domiciled interweb corporation.

westernpromise

rtho782 wrote: »

My unlikely, but dream budget...

* Eliminate NI. Increase basic and higher rates of tax accordingly, so that even the elderly pay NI, and the system is more transparent.
* Scrap HS2. Reinvest the money in large scale FTTP rollout nationwide.
* Replace council tax with local income tax, at different % rates for basic rate/higher rate payers.
* Means test the state pension, by means of an automatic tax code adjustment for those that claim it so that they pay 75% tax on their pensions until the tax pays offsets the state pension. If you're a high earner you wouldn't bother claiming state pension at all.
* Bring in rules allowing forced migration of DB pensions to DC schemes at a "deemed value" of the DB pot.
* Replace Triple lock with a "single lock" linking pensions to average wages only.
* Reduce inheritance tax threshold to £200k, link to CPIH going forwards.
* Eliminate NHS prescription charge. Introduce a £5 GP fee for an appointment, with a £25 missed appointment fee. Prescription prepayment certificate now covers GP appointments. For most this would be a net fee decrease, unless they are exempt.

Why not just have everyone over 60 killed, and expropriate the evil ba5tards?