28-07-2024, 20:24
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#1
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Do I care what you think
Join Date: Jul 2006
Location: Cardiff South Wales
Age: 74
Services: V6 ,Virgin L. Phone Broadband.sky go Netflix
Posts: 5,024
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Here comes the tax rises
Wonder what spin will be put on the reason for the Increase in taxes 
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28-07-2024, 21:03
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#2
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,781
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Re: Here comes the tax rises
Quote:
Originally Posted by Itshim
Wonder what spin will be put on the reason for the Increase in taxes |
14 years of incompetent Govt? Depends who they target, there's sections of society who've had it very well over the last decade, whilst others have struggled. We weren't 'all in it together' after all. Time to pay your dues.
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28-07-2024, 22:08
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#3
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cf.mega poster
Join Date: Jan 2008
Posts: 10,661
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Re: Here comes the tax rises
There's speculation that CGT will be increased to the income tax rates. Sounds fair enough to me, especially if it means people can get medical care when they need it.
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29-07-2024, 05:49
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#4
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,628
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Re: Here comes the tax rises
Quote:
Originally Posted by Itshim
Wonder what spin will be put on the reason for the Increase in taxes |
Whoever formed the next government would have had to put up taxes of some sort.
The reality of the last 14 years saw to that.
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“The only lesson you can learn from history is that it repeats itself”
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29-07-2024, 08:15
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#5
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,529
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Re: Here comes the tax rises
Fully funded didn't last long.
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29-07-2024, 08:32
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#6
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,969
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Re: Here comes the tax rises
Quote:
Originally Posted by RichardCoulter
There's speculation that CGT will be increased to the income tax rates. Sounds fair enough to me, especially if it means people can get medical care when they need it.
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Won’t mean anything of the sort.
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The wheel's still turning but the hamsters dead.
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29-07-2024, 08:53
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#7
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,529
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Re: Here comes the tax rises
i have on occasion mislaid the odd quid and it haunted me not knowing where it went ,but to miss a £20,000,000,000 black hole in your budget seems to smack of incompetance or a blatent lie.
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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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29-07-2024, 09:04
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#8
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cf.addict
Join Date: Aug 2016
Services: VM broadband and Stream. O2
Posts: 476
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Re: Here comes the tax rises
Based on the election campaign, two questions that I'm looking for answers to:
If cuts are being made to funding for public services, what impact will that have on returning them back to an acceptable level of performance.
If capital/infrastructure projects are bing delayed, how will that impact growth?
Quote:
Originally Posted by papa smurf
i have on occasion mislaid the odd quid and it haunted me not knowing where it went ,but to miss a £20,000,000,000 black hole in your budget seems to smack of incompetance or a blatent lie.
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The truth us usually somewhere in-between.
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29-07-2024, 11:30
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#9
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,446
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Re: Here comes the tax rises
Quote:
Originally Posted by papa smurf
i have on occasion mislaid the odd quid and it haunted me not knowing where it went ,but to miss a £20,000,000,000 black hole in your budget seems to smack of incompetance or a blatent lie.
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Well, if you don't have full access to the information, and only find out the extent of the problem once you do, it's a bit different from losing "an odd quid"...
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29-07-2024, 11:49
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#10
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Virgin Media Employee
Join Date: Sep 2005
Location: Winchester
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Phone : VM XL
Posts: 3,269
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Re: Here comes the tax rises
An increase in capital gains would be a pain. Labour likes to penalise those that invest and plan.
They need to work out a way where it is better to work than not, that is if people get work they don't lose out on all the benefits they get while not working. It must be hard to look at the figures and work out that to take a job would mean being worse off than not to do so. "Benefits" need to be scaled so that it is never more beneficial just to stay on welfare.
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29-07-2024, 16:04
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#11
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Architect of Ideas
Join Date: Dec 2004
Posts: 11,146
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Re: Here comes the tax rises
Ending the winter fuel payment for those not on Pension Credit will upset the blue rinse brigade.
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29-07-2024, 16:11
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#12
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cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 8,093
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Re: Here comes the tax rises
Quote:
Originally Posted by papa smurf
i have on occasion mislaid the odd quid and it haunted me not knowing where it went ,but to miss a £20,000,000,000 black hole in your budget seems to smack of incompetance or a blatent lie.
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A large chunk seems to be the 5.5% pay rise for the public sector. Anything above the inflation rate is largely down to Labour. Now add in the 22% for Junior doctors and £20bn is going to be peanuts when everybody else wants 22%.
Link
Quote:
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The government and the BMA trade union have struck an improved pay deal for junior doctors in England worth 22% on average over two years.
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29-07-2024, 16:13
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#13
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,628
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Re: Here comes the tax rises
Quote:
Originally Posted by jfman
Ending the winter fuel payment for those not on Pension Credit will upset the blue rinse brigade.
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A huge financial black hole requires that some things will have to give sadly.
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“The only lesson you can learn from history is that it repeats itself”
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29-07-2024, 16:21
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#14
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,781
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Re: Here comes the tax rises
Quote:
Originally Posted by nomadking
A large chunk seems to be the 5.5% pay rise for the public sector. Anything above the inflation rate is largely down to Labour. Now add in the 22% for Junior doctors and £20bn is going to be peanuts when everybody else wants 22%.
Link |
What about the 14 years when the public sector got less than inflation? Its catch up time, and above inflation increases will be needed for several years. . They should be greatful the whole of the public sector isn't demanding all the lost pay at once like the Junior Dr's have.
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29-07-2024, 16:25
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#15
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cf.mega poster
Join Date: Feb 2012
Posts: 4,725
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Re: Here comes the tax rises
Quote:
Originally Posted by tweetiepooh
An increase in capital gains would be a pain. Labour likes to penalise those that invest and plan.
They need to work out a way where it is better to work than not, that is if people get work they don't lose out on all the benefits they get while not working. It must be hard to look at the figures and work out that to take a job would mean being worse off than not to do so. "Benefits" need to be scaled so that it is never more beneficial just to stay on welfare.
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It would be a pain for those who do not want to pay a fair tax rate. For "those that invest and plan", read: those small number of people who use their wealth to generate income but do not want to pay the same rate as those who receive their income via PAYE.
Sums up the "Me First, Country Last" approach to being a citizen
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