Cable Forum

Cable Forum (https://www.cableforum.uk/board/index.php)
-   Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)
-   -   Tory economic policy (or lack of?) (https://www.cableforum.uk/board/showthread.php?t=33601634)

Angua 07-10-2006 14:56

Re: Tory economic policy (or lack of?)
 
As far as I can see "so far" he is trying to be all things to all people and is often on a tangent to his local party.

TheNorm 07-10-2006 19:05

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by Angua (Post 34131829)
As far as I can see "so far" he is trying to be all things to all people and is often on a tangent to his local party.

Yes - and at the same time, trying to be "different", so that people remember him.

hatedbythemail 07-10-2006 19:16

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by Angua (Post 34131829)
As far as I can see "so far" he is trying to be all things to all people and is often on a tangent to his local party.

but thats exactly the new labour scenario. hes distancing himself from old toryism and creating new toryism.

dont confuse me with a fan though. i just can see the political sense in what hes doing

Hugh 07-10-2006 21:48

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by hatedbythemail (Post 34131995)
but thats exactly the new labour scenario. hes distancing himself from old toryism and creating new toryism.

dont confuse me with a fan though. i just can see the political sense in what hes doing

methinks you do protest too much, sirrah! :p:

Angua 07-10-2006 22:02

Re: Tory economic policy (or lack of?)
 
Weirdest thing is, when Lib Dems were accused of blowing with the wind they got slated but DC seems to be getting away with it! :scratch:

hatedbythemail 07-10-2006 22:46

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by foreverwar (Post 34132079)
methinks you do protest too much, sirrah! :p:

steady. ive already threatened you with that report post button ;-)

---------- Post added at 23:46 ---------- Previous post was at 23:42 ----------

Quote:

Originally Posted by Angua (Post 34132082)
Weirdest thing is, when Lib Dems were accused of blowing with the wind they got slated but DC seems to be getting away with it! :scratch:

that is a fair point. the lib dems are also establishing their brand values ;-) actually the one policy that seems to have been focused on is the 50% tax rate. a pretty big policy admittedly but am i missing other fundamental disagreements

TheDaddy 18-10-2006 18:05

Re: Tory economic policy (or lack of?)
 
So much for not cutting taxes
http://news.bbc.co.uk/1/hi/uk_politics/6063832.stm

Hugh 18-10-2006 18:16

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by TheDaddy (Post 34139651)

And from that article -
"Shadow Chancellor George Osborne said the party would accept some recommendations and reject others.
Tory leader David Cameron has said that economic stability - not tax cuts - should be the main priority."

Chrysalis 18-10-2006 22:03

Re: Tory economic policy (or lack of?)
 
the tories are still no different.

keeping the stealth taxes in place and cutting the income tax which is the fairest tax, wouldnt be surprised if council tax and vat remain untouched.

Xaccers 18-10-2006 22:23

Re: Tory economic policy (or lack of?)
 
Also from the article:
Quote:

The commission was set up to advise the Conservative Party on tax policy by former Tory leader Michael Howard.
Or did certain people not read it fully?

yesman 18-10-2006 23:18

Re: Tory economic policy (or lack of?)
 
Quote:

The Tax Reform Commission, set up to advise the Tories, proposes cuts in personal and business taxes - including reducing basic income tax to 20%.
Reading on in that story, it seems a good idea..........

Quote:


It wants to reduce the basic income tax rate from 22% to 20% and remove 2.5 million low earners from paying tax by abolishing the 10% lower rate.
The earnings threshold, below which people do not pay income tax, would increase from £5,035 to £7,185.
The commission also backs abolishing stamp duty on shares and cutting business taxes in its report.
And it recommends abolishing inheritance tax and replacing it with a "capital gains tax on death", which would not be levied on family homes. The main corporation tax rate would be lower and more "competitive internationally", the report adds.

then the good ol' bombshell.........

Quote:

Mr Cameron has said he will not promise tax cuts unless they can be paid for.
:rofl:

BBC Politics

Xaccers 18-10-2006 23:23

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by Chrysalis (Post 34139850)
the tories are still no different.

keeping the stealth taxes in place and cutting the income tax which is the fairest tax, wouldnt be surprised if council tax and vat remain untouched.

The suggested income tax cuts (remember, this is not Tory policy at the moment, only the result of research) would aid the lowest paid by reducing the tax on people earning less than £30odd K a year, while still taxing income above that threshold at 40%.

danielf 18-10-2006 23:37

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by Xaccers (Post 34139894)
The suggested income tax cuts (remember, this is not Tory policy at the moment, only the result of research) would aid the lowest paid by reducing the tax on people earning less than £30odd K a year, while still taxing income above that threshold at 40%.

Lowering the amount that low earners need to pay sounds good to me. However, the recommendation is for £21bn in tax cuts. Where will the money come from, or more specifically, what areas will see reduced funding?

Xaccers 19-10-2006 00:05

Re: Tory economic policy (or lack of?)
 
Quote:

Originally Posted by danielf (Post 34139904)
Lowering the amount that low earners need to pay sounds good to me. However, the recommendation is for £21bn in tax cuts. Where will the money come from, or more specifically, what areas will see reduced funding?

I don't believe it was part of the team's remit to look into that.
It would be up to the Tory chancellor to decide whether to impliment any cuts or not, which is what they've said all along.
They'll have to look into where savings could be made, such as hospital managers (that's always a good one the media tells us we have too many of), or spin doctors, or the hundreds of extra civil servants Labour employed (I know, I've met some of them, and I object to £20,000 of our tax going to some obnoxious woman who's job is to recieve a fax, take a photocopy, and then fax it on to another office, yes, I kid you not, that was her job).
They'll also have to way up how much of that tax reduction will return to the treasury anyway when it is spent.
Spend £100 at tesco, and 17.5% goes to the treasury, then there's the 20% odd that goes to the treasury as income tax and NI for staff, and the amount from what the employees then spend.
So if a tax cut boosts the economy through more consumer spending (rather than them using credit which we currently do) then that will in turn feed money back into the treasury.

lauzjp 19-10-2006 05:33

Re: Tory economic policy (or lack of?)
 
I bet if they got in, and did lower taxes - my other half'd get a pay rise of significant proportions! :rolleyes:


All times are GMT. The time now is 07:36.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum