So Ed Milliband is suggesting that he is going to re introduce the 10p tax rate having accepted that GB was wrong to bin it.
A bit pointless in my opinion - it will be a tiny amount of money (estimated at 22p per week) and the people who still moan and whine about it being taken away have not yet stopped moaning sufficiently long enough to thank the current government for taking them completely out of all tax responsibility.
In addition to the referendum on Europe, this is another good reason for everyone to vote conservative at the next election. They are committed to continuous raising of the personal allowance limit and bringing more and more people out of tax altogether.
UKIP would also raise the threshold and make a single combined tax/ni rate of 31% with no upper band. This would benefit the low paid and self employed to a degree but would be a massive tax refund the high rollers who would see their tax bill slashed not from 50% to 40% but right down to 31%.
But I still would not vote for them.
Of course it will, it's too big a vote winner not to happen, despite the fact that the difference between current and 10k limit is so little in real terms.
TH, I meant in real terms of cash in people's pocket. What was it you said? 22p a week?
Hang on, we had a 2.5% increase in vat in 2011 with the possibility of raising it to 25% looking ever likely.
Give in one, take back and then some a little later, pah!
Taxation is always going to be a moving tapestry of ideas as any Government tries to balance income and expenditure. We are in a recession at the moment and all of the various studies, surveys and predictions have to make assumptions on growth, recession or stability and each of those sectors will have variables depending on which part of the economy is performing and which isn't.
There is a generally correct assumption that the lowest paid in society are the people who will be the engine of an economic recovery as they tend to spend what they have locally and so giving the lowest paid more money to spend by reducing their tax is a way to get more money spent in the local economy. Taking people out of tax is for sure going to create a tax shortfall in a status quo but the intention is that more money in people's pockets will trickle through the economy thus improving it.
Different politics, different taxes, different solutions - we will never really know what is right until it is tried and tested.
you take tax off something.
a stealth tax recoups the losses.
the only thing which is free is nothing.
A great bit of marketing, musta got off his backside!
Not my best area politics at all .. but even so .. after Labour had 12 years of incompetence and almost bankrupted the country. After only 4 years would you vote them back in with the same guy looking after the money and The guy out of Wallace and Gromit leading us?
Just noticed Stars .. I agree totally for once .. Barca are the best by far in the beautiful game. Has any party other than Labour or Cons been in charge yet?
Not up on this tax at all .. is it everyone on 10p until £12k .. happy with that here if it is. Not likely though i know... Earlier today heard at work from a top geezer at a non bankrupt performing hedge fund at lunch something like .. that things will improve later this year .. in short.. there is a mountain of cash somewhere with no interest at all but safe from harm.. conditions say that will begin moving back into the economy's which in turn will improve things from then .. but that was before our credit rating downgrade which may fook everyone for another decade perhaps.
Isnt UKIP the one with Dodgy George Galloway in it then? Thought they had the same amount of votes as the fun ones like the greens and the Right wing mentalists.
So ... after the state the last lot left us in .. would you really vote them in again with it still a daily reminder for most living here?
Big Dave is having a go at it i think ... Should give em another term at least to find out ...
J
