26-02-2016, 10:49 PM
11
Re: Osborne warns of further public spending cuts
Originally Posted by Morticia
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Hmm ... does anyone know whose taxes and contributions funded schools and the health care system that paid for the upbringing of these budding little Britain's?
Doting Mummy can see nothing wrong with her two.
She bought them a house each when they got married.
The problem is that there are many of the same class who think the same.
26-02-2016, 10:56 PM
12
Re: Osborne warns of further public spending cuts
Originally Posted by swimfeeders
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HiDoting Mummy can see nothing wrong with her two.
She bought them a house each when they got married.
I was going to ask whether the young un's felt they had a lower standard of living than the previous generation.
27-02-2016, 12:52 AM
13
Re: Osborne warns of further public spending cuts
http://www.theweek.co.uk/62461/which...-tax-avoidanceIn the 2012/2013 tax year the shortfall of tax that should have been collected by HMRC versus what it actually brought in had risen to £34bn. This eye-watering figure includes £14bn in uncollected income tax, national insurance and capital gains tax, and £12.4bn in uncollected VAT.
Personal evasion and avoidance was a significant part of the problem. The Financial Times says tax evasion, which is defined as the illegal act of deliberately hiding information about your finances to reduce your tax bill, amounted to £4.1bn. A smaller £3.1bn was lost to tax avoidance, which is the legal use of tax loopholes, while £5.4bn was lost as a result of criminal activity such as smuggling.
27-02-2016, 03:05 AM
14
Re: Osborne warns of further public spending cuts
Originally Posted by Omah
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http://www.theweek.co.uk/62461/which...-tax-avoidanceWhen are the Tories going to hit those at the top instead od persecuting those at the bottom of the social and economic scale .....
They already are hitting Higher rate Tax Payers far more than Labour ever did.
The problem is HMRC, not very efficient and like any massive organisation it it takes along time to turn around.
It is slowly being transformed since Labour lost office.
http://home.bt.com/lifestyle/money/m...11363990440135
Osborne has just limited some of the Higher Rate Tax relief on pensions, taking £6 Billion more in tax.
Still a lot more to be done.
27-02-2016, 09:43 AM
15
Re: Osborne warns of further public spending cuts
Yet another 'nasty party' lie!!!http://www.theguardian.com/politics/...conomic-budget
27-02-2016, 09:54 AM
16
Re: Osborne warns of further public spending cuts
Originally Posted by Uncle Joe
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Yet another 'nasty party' lie!!!http://www.theguardian.com/politics/...conomic-budget
I fail to see what the lie is.
The world economy is in a downturn, we are not immune and cannot control what happens in China etc.
As for McDonnell, the Shadow Chancellor, he is criticising the Government for spending too much.
Pot calling the kettle black.
27-02-2016, 02:28 PM
17
Re: Osborne warns of further public spending cuts
There are two sides to balancing the Budget: public spending and Tax. Why does Osborne concentrate almost exclusively on Public Spending cuts and not instead use some Tax rises? He is ideologically fixated on reducing Public spending and cutting Public Services and thinks that Tax rises would upset rich Tory business people.27-02-2016, 03:11 PM
19
Re: Osborne warns of further public spending cuts
Originally Posted by PhilipM
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There are two sides to balancing the Budget: public spending and Tax. Why does Osborne concentrate almost exclusively on Public Spending cuts and not instead use some Tax rises? He is ideologically fixated on reducing Public spending and cutting Public Services and thinks that Tax rises would upset rich Tory business people.
Hi
It is all a matter of getting elected, all Governments bribe the Electorate to win elections.
Osborne has significantly raised Tax, but he is clever about doing it.
http://www.thisismoney.co.uk/money/m...bombshell.html
There are other ways in which he has effectively increased the Tax Regime.
The simple one is the rises in Minimum Wage he has set out.
We subsidise Companies by keeping wages low and making up the difference by paying Benefits.
These Companies then avoid paying Tax on their profits, very big companies like Amazon, Starbucks etc, who register abroad.
Putting up the Minimum Wage is a very simple and effective way of taxing them, they make less profit and we pay out less in Benefits and it is impossible to avoid by registering overseas.
Why is there so much acceptance of Public Sector Cuts?
You only have to look at many of the posts on here.
The Public think that all Councils and Government Departments are ineffective, inefficient and waste money.
They are an easy target.
People accept Tax increases as long as they don't affect them personally, it is always someone else who should pay.
The fact remains we are still spending £68 Billion a year more then we can afford, even with all the cuts.
To balance the books we would need to increase all taxes by 11% across the board.
To pay off our vast and rising National Debt we would have to raise all taxes by 20% for the next 25 years.
I can't see anyone voting for that can you?
A simple way of raising the Tax take and reducing the cuts would be stop an anachronism we have.
That is the fact that pensioners do not pay National Insurance.
if we were to reintroduce National Insurance for all pensioners who are on more than the Basic State Pension, thus protecting the most vulnerable, we would raise Billions.
Since 1999 Pensioner Incomes have risen by 30%, others by only 26%.
That would raise Billions a year to fund the NHS, which Pensioners use far more than younger fitter people.
I can't see many on here voting for that either.
The problem is we have spent far to much for many years and the problem has now come home to roost.
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