Re: Chancellor delivers plan for stability, growth and public services
 

Why don't they reintroduce the tax on winnings on gambling? Not the odd scheme where you chose to pay on stake or winnings but something simple like 10% on any single win over £1,000,000. (Take into account prizes split over years on a single stake.)
You could make the threshold higher if you think a million is too small. A few 10%'s of some of those big Euro wins would bring in quite a bit, not huge but every little helps and getting £144 million instead of £160 really won't hurt that much.
The change in capital gains is likely to hurt me a bit.

Re: Chancellor delivers plan for stability, growth and public services
 

Someone raised a similar point at a Sky News Q&A.

Re: Chancellor delivers plan for stability, growth and public services
 

How come there wasn't a bigger fall in the late 1970s, when inflation was twice the current level, and wage increases were very restricted?

Re: Chancellor delivers plan for stability, growth and public services
 

Probably because rent/ mortgages and utility bills weren't so high, unless you're going to say wage increases have kept pace with those increases

Re: Chancellor delivers plan for stability, growth and public services
 

Nope!It's all my opinion.

Re: Chancellor delivers plan for stability, growth and public services
 

Inflation is inflation, doesn't matter what it's made up of.
Link

Re: Chancellor delivers plan for stability, growth and public services
 

It all sounds like meaningless numeric trickery to me.

Either way, I dont get why its being portrayed as the end of the world.

My "living standards" in 2013 were not exactly poor/bad.

Re: Chancellor delivers plan for stability, growth and public services
 

Their output is assumptions based on assumptions.

Completely meaningless stuff produced by think tanks which are repeatedly wrong.

Hunt chose to quote them as he cherry picked some "forecasts" which suited his agenda.

bbc, guanriad, mail, express and the rest of the discredited media choose other assumptions that suit their agenda. :rolleyes:

Re: Chancellor delivers plan for stability, growth and public services
 

the seasoned crew who got us into this mess?

OK, then…

Re: Chancellor delivers plan for stability, growth and public services
 

If essentials go up like food and electricity, it has more of an impact on disposable income than things like foreign holidays and diamonds, for example.

Re: Chancellor delivers plan for stability, growth and public services
 

Is that the seasoned crew that went headlong into the iceberg on the horizon.;)

Re: Chancellor delivers plan for stability, growth and public services
 

So when have the price of diamonds ever figured in inflation figures? How would inflation rates in double figures for several years in tne 1970s, NOT led to a drop in living standards?

Re: Chancellor delivers plan for stability, growth and public services
 

Not your most insightful or articulate opinion then but if you feel better for it, well, go you! :D

The stormy waters got us into this mess.

See post #28. Sigh.

Re: Chancellor delivers plan for stability, growth and public services
 

Nothing to do with Liz Truss, then?

A "seasoned crew" would have seen the stormy waters, and charted a course to avoid the worst of the problems, not headed directly into the storm whilst burning all the lifeboats and telling the passengers they would explain why they burnt the lifeboats after they had passed through the storm, and ignoring the warnings from the Coastguards…

Re: Chancellor delivers plan for stability, growth and public services
 

There's nothing in and of itself wrong with 2013. It's the underlying factors driving us to there and the likelihood of driving us beyond.

Fundamentally the Ponzi scheme that is western capitalism is running out of steam. Privatisation brought future profits into the past and consumers today are paying the cost. Increasing borrowing thresholds for mortgages has similarly brought money from the future into present, just as it has pushed it from the present into the past. The concept is of course not new, but the amounts are at four and five times the average salary.

These all come at a cost that reduces the amount of discretionary expenditure that people have in the present and the future.

The radical solution is to disassociate the costs of people's basic needs - home, energy, basic food and clothing - from the wider economy. However we've been doped up to our eyeballs in the current system that understandably there would be bitterness from those nearing the top of the pyramid who have paid in for so long.

However not addressing the underlying problem causes exorbitant expenditure papering over the cracks - like Universal Credit propping up poverty wages.