| Budget Speculation - Part Deux 2025 20:43 - Sep 19 with 4868 views | JACKMANANDBOY |
Nobody likes a smart arse, but I'm claiming victory in the 2024 thread as follows.
"There a realistic risk here, if the tax income does not increase as planned, the very rich can work their way around these increases, and if growth is slow then the cost of borrowing increases as bond rates will go up as confidence is lost in the money markets."
This year the talk is about a range of tax rises to areas such as wealth, pensions and savings, fuel duty and property taxes. The clear risk here is that these measures will take money out of the economy as people move money between asset classes and the property market slows. A slow property market has a wide impact on legal services, building companies, DIY, furniture, white goods etc.
We are likely to see a lack of confidence in spending, combined with further pressure on some sectors pushing up prices and unemployment adding to today's problems.
Let's hope Reeves decides to stimulate confidence and get more money moving in the economy, the back benches seem to have won the day on Welfare Reform so I doubt it.
PS Why Part Deux, because the French are in the merde and we are not far behind them.
[Post edited 19 Sep 21:03]
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| Budget Speculation - Part Deux 2025 on 10:20 - Sep 21 with 1522 views | trampie |
| Budget Speculation - Part Deux 2025 on 09:45 - Sep 21 by majorraglan |
The world has changed significantly and a 90% top rate of tax is ridiculous.
It’s about having a balance, the rich and affluent have to pay their share, but if they are crucified they’ll upsticks and emigrate.
Going back to the 1950’s and 1960’s when we had those tax rates, it was very difficult for people to move around like they can today, no golden visas, you couldn’t be in Oz or New Zealand in 24 hours, no internet etc to keep in touch with families, accessing good healthcare was an issue in many places. These days you can be anywhere in 2 days, access top healthcare almost anywhere in the world if you have the cash etc.
We can’t live in the past, referring to things that happened 70 years ago is crackers. The world society has changed and we need to move with it. |
Absolutely the World has changed and 90% top rate of tax would be ridiculous now but I put it up to show what rich people used to pay and what they pay now because I'm sure most people would have no idea historical levels of taxation in the UK, I don't want them thinking the rich are hard done by when I think the opposite is true.
I think tax on rich individuals and very profitable corporations should be increased and if them means a percentage leaving then good, I don't say that to be arsey, I don't want money oriented people that don't care about their country here, they can go and live behind a wall or fence in a country that will tax them less but obviously due to lack of taxation that leads to gated communities and high crime. |  |
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| Budget Speculation - Part Deux 2025 on 12:41 - Sep 21 with 1393 views | johnlangy |
| Budget Speculation - Part Deux 2025 on 23:00 - Sep 20 by Dr_Winston |
Seriously?
The five grand in tax the Government might get from someone employed by the private sector is a gain. The five grand the Government gets back from someone who it gave it to in the first place is not.
This is not a difficult concept. |
You are correct Dr. I went automatically into the protect the permanently lambasted Civil Servant mode (i'm not and wasn't a Civil Servant) instead of thinking logically about your point  |  | | |
| Budget Speculation - Part Deux 2025 on 13:22 - Sep 21 with 1368 views | trampie |
| Budget Speculation - Part Deux 2025 on 12:41 - Sep 21 by johnlangy |
You are correct Dr. I went automatically into the protect the permanently lambasted Civil Servant mode (i'm not and wasn't a Civil Servant) instead of thinking logically about your point |
The people that create the wealth work in the private sector, teachers, police ect don't create wealth, people like me pay their wages and I object to paying them even more money.
The country can't afford their pensions, my family that worked in those jobs their pensions are so high you have to wonder how the country can afford it. | |
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| Budget Speculation - Part Deux 2025 on 21:07 - Sep 21 with 1177 views | JJBomber |
| Budget Speculation - Part Deux 2025 on 18:14 - Sep 20 by Whiterockin |
VAT coming on taxi rides. |
That will wipe out what's left of the hospitality sector! | | | |
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