09-03-2017, 12:40 PM
21
Re: The Budget
Originally Posted by AnnieS
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I meant the nhs pfi only. The pfi schemes are a service lease so it should not cost 80bn to buy early redemption, but it would be substantial.
That's half the problem and as it goes according to todays accounting, some won't be paid off (if ever) until 2049.
09-03-2017, 08:23 PM
23
Re: The Budget
Originally Posted by Puddle Duck
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Annie, The NHS PFI hospitals are costing the NHS £2billion per year. That's half the problem and as it goes according to todays accounting, some won't be paid off (if ever) until 2049.
10-03-2017, 12:30 PM
24
Re: The Budget
As I pointed out yesterday (post # 20), the peasants on the back-bench of the 'nasty party' are revolting!!!Cameron himself apparently rubbishes Hammond's N.I. policy.
http://www.huffingtonpost.co.uk/entr...-1415725826_uk
10-03-2017, 01:24 PM
26
Re: The Budget
HiThe fact remains we are living well beyond our means.
We pay around £40 Billion a year interest.
This is a nonsense.
We need to balance the books, which means more tax or more austerity.
Austerity hits the less fortunate harder.
I would not personally object to paying more tax provided it is used for paying off debt.
10-03-2017, 01:48 PM
27
Re: The Budget
We don't need to increase tax to increase tax revenues. Indirect tax has been increasing by stealth over the years and continues to do so. They have just allowed increased council tax to pay for social care. They have increased business rates because of revaluations of properties. VAT increased from 17.5% to 20% 6 years ago. Apparently under EU law regular VAT cannot be lower than 15%. It was at one point only 8% in the 70's. VAT flat rates for businesses is going up from 14.5% to 16.5%. These are all types of taxation and they go to the treasury.So we don't need more tax increases! These are just a few and we have plenty including not increasing various tax-free thresholds for decades. They stifle enterprise and trade.
We need to ensure that the large companies pay their share of tax without alienating them. Or that at the least they provide sufficient employment and growth to generate increased tax receipts from their employees. Increasing tax is a stick. What's needed because of Brexit is a lot of carrots to get to a psychologically business-motivating, growth-enhancing position. We need growth now, not stagflation.
10-03-2017, 02:24 PM
28
Re: The Budget
Originally Posted by swimfeeders
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HiThe fact remains we are living well beyond our means.
We pay around £40 Billion a year interest.
This is a nonsense.
We need to balance the books, which means more tax or more austerity.
Austerity hits the less fortunate harder.
I would not personally object to paying more tax provided it is used for paying off debt.
That is the real nonsense: we throw money at foreign countries despite needing that money for our own problems.
10-03-2017, 10:09 PM
29
Re: The Budget
Originally Posted by annies
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we don't need to increase tax to increase tax revenues. Indirect tax has been increasing by stealth over the years and continues to do so. They have just allowed increased council tax to pay for social care. They have increased business rates because of revaluations of properties. Vat increased from 17.5% to 20% 6 years ago. Apparently under eu law regular vat cannot be lower than 15%. It was at one point only 8% in the 70's. Vat flat rates for businesses is going up from 14.5% to 16.5%. These are all types of taxation and they go to the treasury.So we don't need more tax increases! These are just a few and we have plenty including not increasing various tax-free thresholds for decades. They stifle enterprise and trade.
We need to ensure that the large companies pay their share of tax without alienating them. Or that at the least they provide sufficient employment and growth to generate increased tax receipts from their employees. Increasing tax is a stick. What's needed because of brexit is a lot of carrots to get to a psychologically business-motivating, growth-enhancing position. We need growth now, not stagflation.
13-03-2017, 03:51 AM
30
Re: The Budget
Originally Posted by Azure
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Why have the Self Employed and small businesses been penalised?They are the backbone of th Economy and employ millions.
Many of them are also unpaid VAT Collectors for the government.
Of course they won't go after the Big Knobs .... No!
They can have many conssesions, and legally avoid paying tax on the divedends, courtesy of their friends in the Government.
Or have they had a good run?
I don't see why a self employed person should pay less than an employed person on the same money.
So....a self employed builder (for example) is going to pay more than what he originally thought he'd pay........can't help but see the irony in that
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