Sunak Pulls Of The Biggest Tax Raid In 44 Years.

[gulliver1]

One in five taxpayers will be paying a higher rate of income tax according to the latest Con by the Cons.Sunaks stealth raid will force millions of people to hand over more of their earnings to the Govt.His idea will push up the number of tax payers into the 40% tax band as wages rise but the tax brackets do not.Tax allowance used to go up with inflation But Hunt and Starmer have frozen the the Tax Allowance.

[New Judge]

//...has nothing to do with Inflation//

So you believe that printing £400bn of worthless banknotes (aka "Quantitative Easing") had no effect on inflation, Peter? Here's the BoE's take:

"The money we used to buy bonds when we were doing QE did not come from government taxation or borrowing. Instead, like other central banks, we can create money digitally in the form of ‘central bank reserves’."

And...

"Quantitative easing (QE) is one of the tools we use to meet our 2% inflation target. QE lowers long-term borrowing costs to support spending in the economy and hit the inflation target."

Worked out quite well then.

[youngmafbog]

No, they are Tories in name only. See my reasons above for real Tory principles.

You can add to that strong on Law and Order and business focussed, again they are not doing this.

[Untitled]

there is no such thing as a "real tory principal" beyond keeping the party in power... you are describing your own ideology not the party's... it doesn't have one

[Khandro]

One of the UK’s biggest economic problems is having so many people out of work – and the slowest return to pre-pandemic workforce levels in Europe. This is costly and slows growth, as taxpayers foot the bill for benefits while employers struggle to fill vacancies. Today’s figures show that it is getting better – but slowly.

[Untitled]

the UK has a fairly low unemployment rate... the trouble is that earnings from working have stagnated for more than ten years so you can easily be in work and not earn enough to live

the pandemic and the war have not created new problems in my opinion so much as made existing ones much worse

[roopower]

If workers want more money, it has to come from somewhere.

[naomi24]

And there's me thinking Labourites wanted those earning more to pay more. Perhaps they would prefer Labour's tactics the last time they were in office of ditching the low rate of income tax for low earners and having them pay more?

[youngmafbog]

//you are describing your own ideology not the party's... it doesn't have one//

Are you mad?

[youngmafbog]

//the pandemic and the war have not created new problems in my opinion so much as made existing ones much worse//

My god, your economic acumen knows no bounds does it?

Thank God you are nowhere near any financial institution.

[Untitled]

no youngmafbog i just pay attention and read what both tories and conservatives write... your own principals as stated on this thread might best be described as neoliberal or libertarian... the conservative party despite its name does not have any ideological fidelity

[naomi24]

Ideological fidelity is the out-dated philosophy that Labour promotes that it champions the working man and the Conservatives are all rich and uncaring. You'd think some of them would have noticed that the world has moved on without them.

[Untitled]

Erm ideological fidelity would mean having any kind of ideological stance at all… i am pleased that you admit that the tories do not have one though naomi

i do not believe all tories are rich and certainly not uncaring… they care very much indeed about being in power to the exclusion of absolutely anything else

[naomi24]

untitled, //i am pleased that you admit that the tories do not have one though naomi ..

I didn't. You're making it up again.

[youngmafbog]

Gawd you write some rubbish dont you.

Do you ever read back what you write?

[naomi24]

I think he hopes no one realises he writes rubbish, ymb.

[Untitled]

tis what i think. sorry if it upsets you.

[naomi24]

It doesn't upset me. I find all the spinning you do highly amusing.

[youngmafbog]

It is Naomi, on all topics he/she/they think they are an expert when clearly anything but!

As for me being a neoliberal or libertarian, thats very kind of you but I think many liberals on here might take exception to being classed like me :-)

[Untitled]

then they don’t understand what the words mean

of course i am going just by what you say in this particular thread