| All this Budget Speculation 23:28 - Oct 18 with 20315 views | JACKMANANDBOY |
The plan seems to be to raise taxes like IHT and Capital Gains and maybe on Non-Doms etc. whilst changing the rules to borrow more.
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 and we will have a slow burn Liz Truss effect.
With all that is happening in the World having some gold makes a lot of sense right now. |  |
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| All this Budget Speculation on 18:06 - Mar 19 with 835 views | Gwyn737 |
| All this Budget Speculation on 17:48 - Mar 19 by ReslovenSwan1 |
British Gas. That was excellent. A local firm who a was released and sold to Shell for billions. Many shareholders bought the firms shares off the Thatcher Government. BG exploration was developing gas fields in South America by the end. Vodafone is a great UK company sold off from the British army and developed. The taxpayer did not make much our of that. Presumably they have paid corporation tax at some point being based near Basingstoke.. National Grid he as been a solid performer. Steadily growing make profits and paying tax and dividends.
BT is as dull as chips but doing OK. They were released from state ownership and formed O2. Now EE the Shara have not done much but dividends go to shareholder from the Thatcher era.
The railway and Water companies have not performed well and Thames Water my have been linked to shenanigans of some sort. Hard regulation was required with no dividends payable with out the company first hitting key performance indicators. One would assume that would not be so difficult to arrange. High dividend payments with little infrastructure improvements like the abolishing of storm water outfalls into rivers coastal areas and lakes. [Post edited 19 Mar 17:50]
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I don’t think British Gas is a success for anyone apart from those who purchased shares at the time.
They’ve just given their boss a £245k bonus so I suppose he’s happy too.
Has the customer experience from BT improved since privatisation?
[Post edited 19 Mar 18:26]
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| All this Budget Speculation on 18:34 - Mar 19 with 807 views | JACKMANANDBOY |
| All this Budget Speculation on 18:06 - Mar 19 by Gwyn737 |
I don’t think British Gas is a success for anyone apart from those who purchased shares at the time.
They’ve just given their boss a £245k bonus so I suppose he’s happy too.
Has the customer experience from BT improved since privatisation?
[Post edited 19 Mar 18:26]
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A lot of outcomes relate to corporate governance and the morals of the executive. He's a conversation you won't have today.
I joined a ftse100 Company in the late 80s. All new joiners got to have lunch with the CEO. What I remember him saying is that as CEO you have to be a paragon of virtue, in what you think, say and do and remember that your job is that of a custodian and to leave things in better shape than when you joined.
He was an old soldier, been through it all in WW2 apparently, he was excellent and things quickly drifted off course when he left, his successor left under a cloud after 18 months for dubious financial practice. | |
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| All this Budget Speculation on 21:33 - Mar 19 with 731 views | Dr_Winston |
All of which underlines the points made previously.
The Government is spending far more than it is taking in. That is a situation that simply cannot continue, as much as some people seem to think otherwise.
You can try to increase taxation, but as has become increasingly obvious to all but the most twp, there's only so far you can squeeze high earners. They will just move elsewhere and tax take will fall. The best level of tax is one that people are happy to pay.
All Goverment departments need to be ruthlessly assessed for efficiency. There are too many people still sitting at home watching Daytime TV when they should be in the office working. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| All this Budget Speculation on 22:18 - Mar 19 with 715 views | JACKMANANDBOY |
| All this Budget Speculation on 21:33 - Mar 19 by Dr_Winston |
All of which underlines the points made previously.
The Government is spending far more than it is taking in. That is a situation that simply cannot continue, as much as some people seem to think otherwise.
You can try to increase taxation, but as has become increasingly obvious to all but the most twp, there's only so far you can squeeze high earners. They will just move elsewhere and tax take will fall. The best level of tax is one that people are happy to pay.
All Goverment departments need to be ruthlessly assessed for efficiency. There are too many people still sitting at home watching Daytime TV when they should be in the office working. |
I'm particularly impressed by those who say we are paying too much for our debt interest then advocate borrowing more! | |
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| All this Budget Speculation on 00:36 - Mar 20 with 682 views | Robbie |
Thames Water have been bailed out for another year , a failing Company on its backside .
Strangely Thames Water are one of the biggest asset holders for peoples private pension schemes , their future nest egg resting on that companies future profits .
They go under and schemes across the UK pension plans will sink alongside so got to keep them afloat .
Bill payers will foot the costs again for outside influences . | | | |
| All this Budget Speculation on 09:26 - Mar 20 with 616 views | controversial_jack |
| All this Budget Speculation on 21:33 - Mar 19 by Dr_Winston |
All of which underlines the points made previously.
The Government is spending far more than it is taking in. That is a situation that simply cannot continue, as much as some people seem to think otherwise.
You can try to increase taxation, but as has become increasingly obvious to all but the most twp, there's only so far you can squeeze high earners. They will just move elsewhere and tax take will fall. The best level of tax is one that people are happy to pay.
All Goverment departments need to be ruthlessly assessed for efficiency. There are too many people still sitting at home watching Daytime TV when they should be in the office working. |
That's always been the case though and not just this country. Taxation doesn't cover all the costs, hence borrowing. Nothing new here | | | |
| All this Budget Speculation on 08:24 - Mar 21 with 536 views | JACKMANANDBOY |
| All this Budget Speculation on 21:33 - Mar 19 by Dr_Winston |
All of which underlines the points made previously.
The Government is spending far more than it is taking in. That is a situation that simply cannot continue, as much as some people seem to think otherwise.
You can try to increase taxation, but as has become increasingly obvious to all but the most twp, there's only so far you can squeeze high earners. They will just move elsewhere and tax take will fall. The best level of tax is one that people are happy to pay.
All Goverment departments need to be ruthlessly assessed for efficiency. There are too many people still sitting at home watching Daytime TV when they should be in the office working. |
It's spending more than it's taking in at a rate higher than planned, my guess is the tax take is down because of the unintended consequences of the budget.
https://www.bbc.co.uk/news/articles/c0jglw54yvyo | |
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| All this Budget Speculation on 09:04 - Mar 21 with 516 views | Dr_Winston |
There's no doubt whatsoever that the budget is a prime reason why. Capital flight is already well underway, and companies are recruiting less as a result of the other tax grabs included.
Some people will never, ever understand that raising taxes and expenses on business is always ultimately self defeating, but it is what Labour always do. Millions of people will still be suffering from Gordon Brown's pension fund tax raids (a large amount of today's problems have their roots in New Labour). | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| All this Budget Speculation on 09:21 - Mar 21 with 485 views | trampie |
| All this Budget Speculation on 09:04 - Mar 21 by Dr_Winston |
There's no doubt whatsoever that the budget is a prime reason why. Capital flight is already well underway, and companies are recruiting less as a result of the other tax grabs included.
Some people will never, ever understand that raising taxes and expenses on business is always ultimately self defeating, but it is what Labour always do. Millions of people will still be suffering from Gordon Brown's pension fund tax raids (a large amount of today's problems have their roots in New Labour). |
Apparently the tax level in the UK is lower than lots of other advanced countries.
I've seen it said that the very rich in the UK pay an effective tax rate that is lower than the average worker.
Only a percentage of rich would leave if taxed and if greed is their reason for leaving then good riddance I say. |  |
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| All this Budget Speculation on 09:46 - Mar 21 with 469 views | Dr_Winston |
| All this Budget Speculation on 09:21 - Mar 21 by trampie |
Apparently the tax level in the UK is lower than lots of other advanced countries.
I've seen it said that the very rich in the UK pay an effective tax rate that is lower than the average worker.
Only a percentage of rich would leave if taxed and if greed is their reason for leaving then good riddance I say. |
You would say that because you, along with others who think like you, lack the cognitive capacity to grasp that the taxes paid by those people that you're saying "Good Riddance" to then have to be paid by someone else. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| All this Budget Speculation on 09:51 - Mar 21 with 452 views | trampie |
| All this Budget Speculation on 09:46 - Mar 21 by Dr_Winston |
You would say that because you, along with others who think like you, lack the cognitive capacity to grasp that the taxes paid by those people that you're saying "Good Riddance" to then have to be paid by someone else. |
No, if taxes were raised on the rich that would cover the small percentage of rich that might leave and leave a surplus so other people might even pay less. | |
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| All this Budget Speculation on 11:34 - Mar 21 with 409 views | JACKMANANDBOY |
| All this Budget Speculation on 09:51 - Mar 21 by trampie |
No, if taxes were raised on the rich that would cover the small percentage of rich that might leave and leave a surplus so other people might even pay less. |
Taxing the super rich is problematic in an increasingly global world. The super rich can change nationality for as little as £300,000, assets can be moved around the World electronically in an instant. Income can be diverted or withheld.
There are only around 200,000 people in the UK earning more than £250K a year, increasing their tax from 45 to 55 percent would only raise about £20 Billion which is about what the Government has overspent already this year.
Taxing the super rich has to take into account the global tax regimes to find the sweet spot; the rate that people will pay that doesn't make think of other choices.
There was an attempt to set a minimum global corporation tax rate but the EU scuppered it. Unless the tax rates for the super rich are aligned between countries they will simply buy a passport or domicile elsewhere. | |
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| All this Budget Speculation on 11:39 - Mar 21 with 401 views | Whiterockin |
February borrowing £10.7bn, the government's independent forecaster had predicted that borrowing would be £6.5bn for the month. Labour really don't know what they are doing. They need to get Reeves out now before it's to late. |  | | |
| All this Budget Speculation on 12:05 - Mar 21 with 386 views | JACKMANANDBOY |
| All this Budget Speculation on 11:39 - Mar 21 by Whiterockin |
February borrowing £10.7bn, the government's independent forecaster had predicted that borrowing would be £6.5bn for the month. Labour really don't know what they are doing. They need to get Reeves out now before it's to late. |
£20 Billion overspent already this year and we are still in March, Reeves will need to change something. | |
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| All this Budget Speculation on 14:41 - Mar 22 with 260 views | SullutaCreturned |
| All this Budget Speculation on 09:04 - Mar 21 by Dr_Winston |
There's no doubt whatsoever that the budget is a prime reason why. Capital flight is already well underway, and companies are recruiting less as a result of the other tax grabs included.
Some people will never, ever understand that raising taxes and expenses on business is always ultimately self defeating, but it is what Labour always do. Millions of people will still be suffering from Gordon Brown's pension fund tax raids (a large amount of today's problems have their roots in New Labour). |
I have pointed out before what Blair and Brown did to Royal Mail's pension scheme and it was Cameron's government that had to rescue it. When they got to power (B&B) the RM statutory scheme was actually overfunded according to the rules (I think so anyway, memory isn't 100%) and the NuLabour mob started taking money, after a few years Blair said they'd be taking less but they actually took more, over 500 million at a time some years and when they lost power the RM scheme was ruined. If they did the same tpo other pension funds then how much worse off are those pensioners today? How much worse off is the economy?
It's also why I hate Alan Johnson, he sold the CWU down the river (in my opinion) and then went into government, for me that was his reward for screwing us posties over. Again purely my opinion. | | | |
| All this Budget Speculation on 21:55 - Mar 22 with 216 views | JACKMANANDBOY |
| All this Budget Speculation on 14:41 - Mar 22 by SullutaCreturned |
I have pointed out before what Blair and Brown did to Royal Mail's pension scheme and it was Cameron's government that had to rescue it. When they got to power (B&B) the RM statutory scheme was actually overfunded according to the rules (I think so anyway, memory isn't 100%) and the NuLabour mob started taking money, after a few years Blair said they'd be taking less but they actually took more, over 500 million at a time some years and when they lost power the RM scheme was ruined. If they did the same tpo other pension funds then how much worse off are those pensioners today? How much worse off is the economy?
It's also why I hate Alan Johnson, he sold the CWU down the river (in my opinion) and then went into government, for me that was his reward for screwing us posties over. Again purely my opinion. |
There's a number of financial systemic issues that can be traced to Brown and Blair. The taxation of final salary schemes made them unsustainable to businesses, the decline of final salary schemes can be traced back to Brown's short sighted decision. The State is now having to cover some of those who lost their pension entitlement, all predicted at the time because we have a ageing population.
Brown's dramatic increase in in work benefits drove down wages, companies saw that they could pay low as the state would pick up the slack, wages have stayed low and the Welfare Bill for in work benefits has grown. Again, all this was predicted at the time.
The banks were bailed out without any recourse, again all argued about at the time. [Post edited 22 Mar 22:33]
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| All this Budget Speculation on 11:52 - Mar 23 with 114 views | Dr_Winston |
And all this doesn't even cover their putting public services into penury for decades with their extortionate, expensive "investment" via PFI. Conning the gullible into believing that they were improving public services, when all they were doing was shopping in Brighthouse. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| All this Budget Speculation on 11:57 - Mar 23 with 106 views | SullutaCreturned |
| All this Budget Speculation on 21:55 - Mar 22 by JACKMANANDBOY |
There's a number of financial systemic issues that can be traced to Brown and Blair. The taxation of final salary schemes made them unsustainable to businesses, the decline of final salary schemes can be traced back to Brown's short sighted decision. The State is now having to cover some of those who lost their pension entitlement, all predicted at the time because we have a ageing population.
Brown's dramatic increase in in work benefits drove down wages, companies saw that they could pay low as the state would pick up the slack, wages have stayed low and the Welfare Bill for in work benefits has grown. Again, all this was predicted at the time.
The banks were bailed out without any recourse, again all argued about at the time. [Post edited 22 Mar 22:33]
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Yes, I remember someone on here saying similar years back. Blair and Brown caused so mnay of the problems we suffer from today, economic turmoil, social unrest and welfare as a way of life.
I'm not keen on Starmer but this welfare reform, it has to happen and it has to be strong. We cannot continue encouraging young people to be wasters. | | | |
| All this Budget Speculation on 00:42 - Mar 24 with 14 views | Robbie |
Rach from the Typing pool has now been found out as claiming freebies for attendance at a must see show involving a Sabrina Carpenter name , sure the tickets were a sell out judging by the demand at that time and how many true followers failed to get a ticket .
Not my demograhic regarding musical tastes these days , but shame on Reeves for using her power to get a freebie for her family , then blaming necessary security measures needed .
Sure this freeloader will mention this oversight in her Spring Budget Statement though . | | | |
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