General Election July 2024
Discussion
pingu393 said:
I can only speak for myself, but I am pretty sure that I pay a lot less in tax now than I would be paying if nothing had changed since 2010.
Most of my tax reduction is due to the increase in the basic tax thresholds from £5720(NI) and £6475(Inc Tax) to £12570(both).
Tax and duty on spending are almost impossible to capture.
That's what they want you to think. Most of my tax reduction is due to the increase in the basic tax thresholds from £5720(NI) and £6475(Inc Tax) to £12570(both).
Tax and duty on spending are almost impossible to capture.
Speed 3 said:
Anyone with any basic economic understanding knows the UK economy is screwed and even if we took some very significant decisions (Trident/Triple Lock/Raising pension age again) taxes are only heading one way under any flavour of government. They only way not to is increasing overall tax take through GDP growth. That's not happening quickly whoever's in power. At least Labour are having more meaningful discussion with business about blockers to growth (Planning Restrictions / Labour market etc) than the others. Whether they can actually deliver any of it remains to be seen but I don't think anyone posting here is under any illusion that we can have a low tax near-term future if we want any semblance of public services or national infrastructure.
One easy thing could raise GDP by an estimated 4% annually, instantly. Rejoin the EU's SM and CU. LibDems and Greens propose to do this, I expect SNP and Plaid would too.CivicDuties said:
Speed 3 said:
Anyone with any basic economic understanding knows the UK economy is screwed and even if we took some very significant decisions (Trident/Triple Lock/Raising pension age again) taxes are only heading one way under any flavour of government. They only way not to is increasing overall tax take through GDP growth. That's not happening quickly whoever's in power. At least Labour are having more meaningful discussion with business about blockers to growth (Planning Restrictions / Labour market etc) than the others. Whether they can actually deliver any of it remains to be seen but I don't think anyone posting here is under any illusion that we can have a low tax near-term future if we want any semblance of public services or national infrastructure.
One easy thing could raise GDP by an estimated 4% annually, instantly. Rejoin the EU's SM and CU. LibDems and Greens propose to do this, I expect SNP and Plaid would too.Rufus Stone said:
pingu393 said:
I can only speak for myself, but I am pretty sure that I pay a lot less in tax now than I would be paying if nothing had changed since 2010.
Most of my tax reduction is due to the increase in the basic tax thresholds from £5720(NI) and £6475(Inc Tax) to £12570(both).
Tax and duty on spending are almost impossible to capture.
That's what they want you to think. Most of my tax reduction is due to the increase in the basic tax thresholds from £5720(NI) and £6475(Inc Tax) to £12570(both).
Tax and duty on spending are almost impossible to capture.
Mortarboard said:
i4got said:
You're not taking the 4% projected long term hit and assuming it's an annual figure are you?
It was hit long ago, and still ongoing. It wasn't a once-off.Brexit thread ----->
M.
And it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
Edited by CivicDuties on Wednesday 26th June 16:49
CivicDuties said:
It's pretty relevant to the General Election, I'd say. Or, at least, it should be, but Labour and Tory want to ignore it.
And it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
It’s really helping the performance of those leading EU economies. /sAnd it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
Edited by CivicDuties on Wednesday 26th June 16:49
loafer123 said:
CivicDuties said:
It's pretty relevant to the General Election, I'd say. Or, at least, it should be, but Labour and Tory want to ignore it.
And it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
It’s really helping the performance of those leading EU economies. /sAnd it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
Edited by CivicDuties on Wednesday 26th June 16:49
captain_cynic said:
loafer123 said:
CivicDuties said:
It's pretty relevant to the General Election, I'd say. Or, at least, it should be, but Labour and Tory want to ignore it.
And it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
It’s really helping the performance of those leading EU economies. /sAnd it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
Edited by CivicDuties on Wednesday 26th June 16:49
On certain GDP growth measures, manufacturing PMIs etc. then the UK is doing well. Now 4th largest exporter, for example.
If we look at roads, hospitals etc. etc. then we’re barely scraping our way into the OECD top ten.
captain_cynic said:
loafer123 said:
CivicDuties said:
It's pretty relevant to the General Election, I'd say. Or, at least, it should be, but Labour and Tory want to ignore it.
And it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
It’s really helping the performance of those leading EU economies. /sAnd it's not about Brexit. That's over, it happened. It's about what we can do to improve GDP, that's the point I was responding to. An easy way to do that is to join the SM and CU, and I intend to vote for a party which has that in its Manifesto.
Edited by CivicDuties on Wednesday 26th June 16:49
CivicDuties said:
Speed 3 said:
Anyone with any basic economic understanding knows the UK economy is screwed and even if we took some very significant decisions (Trident/Triple Lock/Raising pension age again) taxes are only heading one way under any flavour of government. They only way not to is increasing overall tax take through GDP growth. That's not happening quickly whoever's in power. At least Labour are having more meaningful discussion with business about blockers to growth (Planning Restrictions / Labour market etc) than the others. Whether they can actually deliver any of it remains to be seen but I don't think anyone posting here is under any illusion that we can have a low tax near-term future if we want any semblance of public services or national infrastructure.
One easy thing could raise GDP by an estimated 4% annually, instantly. Rejoin the EU's SM and CU. LibDems and Greens propose to do this, I expect SNP and Plaid would too.They want separation from England and full EU re-entry.
Rejoining in part wouldn’t suit their narrative so would be as obstructive as possible.
blueg33 said:
Who_Goes_Blue said:
I'm looking forward to all the excuses from our leftie commentators when invariable everything is just as s
t under labour
They are all as bad as each other is a very lazy and rather lame statement t under labourIf labour get in, they won’t be issued with a magic wand, they have many years of mismanagement to sort out.
The trick is to switch before too much damage is done... Something we have failed at for decades.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff