Re: Misled Over Brexit ? Certainly Looks That way !

Hi

We have borrowed vast amounts of money, we owe more than we did after both world wars

We have to pay it it back, which means more taxes.

How they do that is up to the Government.

One way would be to start by closing all the tax avoidance loopholes.

Re: Misled Over Brexit ? Certainly Looks That way !

Destroying businesses through high taxation is not the answer. Lowering taxes to attract more foreign investment creates more jobs, more wealth, less burden on the welfare budget, more spending resulting in increased VAT, PAYE and corporation tax revenues etc.

When you hike up taxes, businesses move away and people get laid off. Business pays for everything and a conservative government should be supporting the lower taxation approach which is traditionally what conservatism is all about. Sunak just came up with a corporation tax figure that is even higher than Corbyn marxist manifesto.

Re: Misled Over Brexit ? Certainly Looks That way !

Not necessarily more (or higher) taxes.


Increasing the tax take by boosting the economy might well be seen as the better option: increase public spending on major and infastructure projects, increase housebuilding etc. etc. and there's more money flowing into the coffers as a direct consequence.
Such reasoning is, I understand, potentially a popular option.
And we certainly know that austerity is neither popular nor effective.

Re: Misled Over Brexit ? Certainly Looks That way !

With interest rates so low we can pay back the borrowed money over a longer period - Andrew Bailey has recommended this and he knows a thing or two about money

So, if I was chancellor, I would

1. Bin IR35 completely
2. Lower corporation tax to 16% - lower than Singapore
3. Keep VAT at 20% (adding an additional 5% VAT revenue to the UK instead of it going to the EU)
4. Increase the personal tax allowance to 14K
5. Implement a "dividend premium" of 1% for all dividends over £50K which would be used as a NI contribution for directors of limited companies and investors
6. Increase the £5K dividend tax threshold to £7.5K
7. Help entrepreneurs by making the first £100k tax free on Business Asset Disposal Relief.
8. Retain the covid stamp duty tax relief on properties up to £350K
9. Get rid of inheritance tax - its property that has been bought through taxable income in the first place.
10. Bin HS2
11. Cull the civil service
12. Keep VAT at 5% for restaurants and pubs until 2022

... etc

just my 2 cents

Re: Misled Over Brexit ? Certainly Looks That way !

Here we go ...

As Mike Hookem said earlier ...

https://www.express.co.uk/news/polit...ly-ni-protocol

Re: Misled Over Brexit ? Certainly Looks That way !

But we all know that Barmy (who made the threat) is an @rse - for a start we imported little electricity even before the pandemic reduced overall demand (5% according to energypost.eu) and although we import more gas at around 20%, by far most of that comes from Norway and Qatar!
Still, if we know the EU's intent we can plan countermeasures.

The idiot would be useless at poker.

Re: Misled Over Brexit ? Certainly Looks That way !

If the government won't support our fishermen, we must do it ourselves.

Eat more fish, but ensure it is British-caught fish.
Avoid all food products from the EU, especially France.

Re: Misled Over Brexit ? Certainly Looks That way !

Yeah I know JBR. Problem is we import more of our fish such as cod etc than we catch. If we were to do that then we would need to give more cod quotas to the UK fleet and take it away from the EU fleet ... can't do it though.

I would also like to know why Boris Johnson hasn't debated two petitions that the public have signed.

Ban Supertrawlers in UK's Marine Protected Areas with signatures of 385,188

Scrap and replace the House of Lords with 396,969


Still waiting ....

Re: Misled Over Brexit ? Certainly Looks That way !

I agree, but why can't we do these things?

Whose country is this?
Whose territorial waters are these?

For whose benefit is this government running this country?

Re: Misled Over Brexit ? Certainly Looks That way !

We are bound by a treaty where we allow the EU to have preferential quotas over our own fleet for at least 5.5 years. After that it will most likely continue as well.

It's an utter disgrace.

We have 4500 fishing vessels and they are no better off even though we are out if the EU. We should tear up this deal and reallocate quotas favouring the UK fleet, based on zonal attachment and increasing our conservation areas. Forced landings if 60% of all catch in a uk port should go along way to screw the supertrawlers as well.