[Update] The Liberal-Conservative Coalition

[papa smurf]

Originally Posted by Sirius

Him and his party YES

Labour had a policy and it was.


Spend spend spend and then let someone else clean up the mess.

its a very old policy ,this is not the first time we have been here

[Tezcatlipoca]

Originally Posted by Arthurgray50@blu

I said at the begining of this election crap, if the Tories get in they will make cutbacks in services, and they are, it was stated today that they are making cutbacks in service's straight away to save money, up goes VAT to 20%, cutbacks in services, they are going ahead with crossrail, even though it is expensive, who is going to pay for all this US. what is next for cutbacks, income tax will go up next, l told you so.

Re. VAT - see this post (basically: it hasn't actually gone up *yet*. It probably *will* go up, but it probably would have gone up even if Labour had won, given the LACK OF MONEY).

Re. Income Tax - Erm, think again:

Conservative & Liberal Democrat Coalition Agreements

Originally Posted by Coalition Agreement

TAX MEASURES

The parties agree that the personal allowance for income tax should be increased in order to help lower and middle income earners. We agree to announce in the first Budget a substantial increase in the personal allowance from April 2011, with the benefits focused on those with lower and middle incomes. This will be funded with the money that would have been used to pay for the increase in Employee National Insurance thresholds proposed by the Conservatives, as well as revenues from increases in Capital Gains Tax rates for non-business assets as described below. The increase in Employer National Insurance thresholds proposed by the Conservatives will go ahead in order to stop Labour’s jobs tax. We also agree to a longer term policy objective of further increasing the personal allowance to £10,000, making further real terms steps each year towards this objective.

We agree that this should take priority over other tax cuts, including cuts to Inheritance Tax.

(snip)

Out goes the Tory plan to give tax cuts to the rich via changing the Inheritance Tax threshold

In comes the Lib Dem plan to give tax cuts to low/middle income earners via increasing the personal allowance for Income Tax.

[Ignitionnet]

Originally Posted by Arthurgray50@blu

I said at the begining of this election crap, if the Tories get in they will make cutbacks in services, and they are, it was stated today that they are making cutbacks in service's straight away to save money, up goes VAT to 20%, cutbacks in services, they are going ahead with crossrail, even though it is expensive, who is going to pay for all this US. what is next for cutbacks, income tax will go up next, l told you so.

Crossrail is exactly the kind of infrastructure project that should have been invested in. Good, skilled job creation, unskilled job creation and an environmentally friendly result. That and a high speed rail system are exactly the kind of project even a small government fan like me is perfectly happy to see happen. They employee people, they stimulate the economy on many levels, they're good for the environment and there's a payback there which will reduce the deficit in the longer term.

Given you make 25k a year your income tax bill will be going down thanks to the coalition, as a higher earner and consumer I'll be picking up the slack as the policies are broadly redistributive.

I trust you'll remember that next year when thanks to this coalition you see your income tax go down from a big allowance increase, and continue to go down until you pay no tax on your first 10k?

Nah you'll probably find something else to complain about, even though the income tax drop will more than compensate you for a 2.5% VAT increase.

Just as a reminder, pointless as facts are for you, whoever got in services would be taking a cut, just a question of when and how much. Yes you have Labour to thank for that, they're the ones who spent too much.

[papa smurf]

Originally Posted by Ignitionnet

Crossrail is exactly the kind of infrastructure project that should have been invested in. Good, skilled job creation, unskilled job creation and an environmentally friendly result. That and a high speed rail system are exactly the kind of project even a small government fan like me is perfectly happy to see happen. They employee people, they stimulate the economy on many levels, they're good for the environment and there's a payback there which will reduce the deficit in the longer term.

Given you make 25k a year your income tax bill will be going down thanks to the coalition, as a higher earner and consumer I'll be picking up the slack as the policies are broadly redistributive.

I trust you'll remember that next year when thanks to this coalition you see your income tax go down from a big allowance increase, and continue to go down until you pay no tax on your first 10k?

Nah you'll probably find something else to complain about, even though the income tax drop will more than compensate you for a 2.5% VAT increase.

Just as a reminder, pointless as facts are for you, whoever got in services would be taking a cut, just a question of when and how much. Yes you have Labour to thank for that, they're the ones who spent too much.

unless your home is in its path then its not so friendly to your environment.

[Ignitionnet]

Originally Posted by papa smurf

unless your home is in its path then its not so friendly to your environment.

Very few things are friendly to everyone's environment, doesn't change that the overall impact will be positive. Cars off the road, less congestion and emissions, less crowded tube trains, sweet.

[Osem]

Originally Posted by Matt D

I believe that there used to be a Pot of Gold at the end, but unfortunately Gordon sold it.

Yes, and he was so 'prudent' that he managed to get a very 'special' price for it all...

http://www.telegraph.co.uk/finance/p...rown-told.html

The decision to sell the gold – taken by Mr Brown when he was Chancellor – is regarded as one of the Treasury's worst financial mistakes and has cost taxpayers almost £7 billion....


... The price of gold has quadrupled since Gordon Brown sold more than half of Britain’s reserves.
The Treasury pre-announced its plans to sell 395 tons of the 715 tons held by the Bank of England, which caused prices to fall....

[keepitreel]

Originally Posted by Sirius

Him and his party YES

Labour had a policy and it was.


Spend spend spend and then let someone else clean up the mess.

i dont think so, u have no clue!

[Xaccers]

Originally Posted by keepitreel

i dont think so, u have no clue!

And your evidence to the contrary is what? The huge surplus of cash the treasury has? The low national debt?

[Stuart]

Originally Posted by keepitreel

i dont think so, u have no clue!

Explain.

Originally Posted by keepitreel

i dont think so, u have no clue!

I'd like to thank you for your reasoned and in-depth rebuttal.

I'd like to........

[Sirius]

Originally Posted by keepitreel

i dont think so, u have no clue!

so that's the sum of your argument.


You did not come here to debate did you

[keepitreel]

Originally Posted by Xaccers

And your evidence to the contrary is what? The huge surplus of cash the treasury has? The low national debt?

what is your evidence ?

[Stuart]

Originally Posted by keepitreel

what is your evidence ?

I suspect the record national debt...

[Xaccers]

Originally Posted by keepitreel

what is your evidence ?

Lets see yours.
Oh you don't have any do you?

[Sirius]

Originally Posted by keepitreel

what is your evidence ?

Just look at the deficit for starters.
Look at monumental errors Brown has made over the last year or 2.
Look at the sale of gold at well below the market price.

Boom and bust gone away my arse

Its going to take this Government years to sort out Labours mismanagement of the economy, But hey Labour supporter still believe all the spin Labour have been spouting for the last year.