How will they get the UK back on its feet?
Discussion
After the last lot have ruined this once great country what will be the way forward?
I think Camerons tough stance and Thatcher style of leadership and policy will possibly be what this country now needs.
I think this could well be the way forward....
Less support for those who can't or are unwilling to work.
Tougher policy on immigrants coming to the UK and less financial support; no support for those not willing to work.
Increased income tax and some concessions for the higher earners.
Increased interest rates on lending and mortgages to help the banks & financial institutions.
Increase VAT to 20% now with a further rise over the next 5 years to 25%. VAT on more than it is currently (childrens clothes, books etc). We all need food and clothes so this is a no brainer for an easy increase in revenue.
Cut back on NHS spending and promote private health care. This is fair, if you are in good health, or you don't wish to purchase health cover then you don't need to pay out.
Cut back on education and promote private schools & tuition (increasing the parents rights to choose). This is fair, your kids get the tuition you want them to have and if you don't have kids then you don't need to pay out.
Increase duty on fuel. This is an easy way of increasing revenue.
Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase the cost of public transport to the end user.
Increase council tax and lower expenditure on services provided; add additional local area taxes for police, fire and ambulance so that they are from a separate pot. We all have to pay this so it is a no brainer for increasing revenue.
Increase taxes on international travel, perhaps a levy of a landing & departure tax as other countries do. This is a win win as visitors and residents alike will all need to pay for entry and exit.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
The above would have a massive impact on the swift recovery of our economy and I can see a shift towards all of these things to to get our country back on its feet again.
I think Camerons tough stance and Thatcher style of leadership and policy will possibly be what this country now needs.
I think this could well be the way forward....
Less support for those who can't or are unwilling to work.
Tougher policy on immigrants coming to the UK and less financial support; no support for those not willing to work.
Increased income tax and some concessions for the higher earners.
Increased interest rates on lending and mortgages to help the banks & financial institutions.
Increase VAT to 20% now with a further rise over the next 5 years to 25%. VAT on more than it is currently (childrens clothes, books etc). We all need food and clothes so this is a no brainer for an easy increase in revenue.
Cut back on NHS spending and promote private health care. This is fair, if you are in good health, or you don't wish to purchase health cover then you don't need to pay out.
Cut back on education and promote private schools & tuition (increasing the parents rights to choose). This is fair, your kids get the tuition you want them to have and if you don't have kids then you don't need to pay out.
Increase duty on fuel. This is an easy way of increasing revenue.
Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase the cost of public transport to the end user.
Increase council tax and lower expenditure on services provided; add additional local area taxes for police, fire and ambulance so that they are from a separate pot. We all have to pay this so it is a no brainer for increasing revenue.
Increase taxes on international travel, perhaps a levy of a landing & departure tax as other countries do. This is a win win as visitors and residents alike will all need to pay for entry and exit.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
The above would have a massive impact on the swift recovery of our economy and I can see a shift towards all of these things to to get our country back on its feet again.
Kentish said:
Increase duty on fuel. This is an easy way of increasing revenue.
Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
You are a brave man suggesting that on here!Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
thatone1967 said:
Kentish said:
Increase duty on fuel. This is an easy way of increasing revenue.
Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
You are a brave man suggesting that on here!Increase duty on vehicle excise duty. This is an easy way of increasing revenue.
Increase road tolls and spend less on the upkeep of roads by privatising stretches of motorways and A roads.
Shared by many on here, I'm sure
I don't like any of those, but I agree, we don't really have much choice with the level of debt we are in.
We have to be tough.
However, I think if the government cleaned up all the dead wood within its own constituency & local governments, stopped awarding contracts of inflated value (such as HUGE IT projects which more often than not fail, and cost hundreds of millions) & spent the money properly, we woudn't need to introduce half of the above you suggest.
I think there are very basic issues to address first...
We have to be tough.
However, I think if the government cleaned up all the dead wood within its own constituency & local governments, stopped awarding contracts of inflated value (such as HUGE IT projects which more often than not fail, and cost hundreds of millions) & spent the money properly, we woudn't need to introduce half of the above you suggest.
I think there are very basic issues to address first...
I agree on "the jobs for the boys" - far too much of that and fat cat back handers.
I think the first approach would be to go for the low hanging fruit and go with getting interest rates back up to around 8% again to encourage people to save and invest.
Higher mortgage interest rates would reduce the cost of house prices and so benefit those needing to get onto the property ladder whilst increasing revenue for the BoE.
More people move, more stamp duty is paid, more council tax is paid and the increase in revenue spirals. Result!
However, I'm no economist
I think the first approach would be to go for the low hanging fruit and go with getting interest rates back up to around 8% again to encourage people to save and invest.
Higher mortgage interest rates would reduce the cost of house prices and so benefit those needing to get onto the property ladder whilst increasing revenue for the BoE.
More people move, more stamp duty is paid, more council tax is paid and the increase in revenue spirals. Result!
However, I'm no economist
cs02rm0 said:
Scrap VED, put it on the price of fuel.
Scrap fuel duty, put the price on pay per mile! I've often wondered what the objection is to road pricing on here. Given that what people earn remains similar, the cost of motoring surely cannot increase that significantly? If there was a charge per mile (and therefore a decrease in fuel duty) then it'd make it more economical to run a V8 relative to an eco-car unless there were different vehicle bands in the road pricing.Esseesse said:
cs02rm0 said:
Scrap VED, put it on the price of fuel.
Scrap fuel duty, put the price on pay per mile! I've often wondered what the objection is to road pricing on here. Given that what people earn remains similar, the cost of motoring surely cannot increase that significantly? If there was a charge per mile (and therefore a decrease in fuel duty) then it'd make it more economical to run a V8 relative to an eco-car unless there were different vehicle bands in the road pricing.- monitoring how far (and therefore where, when and how quickly) people drive
- it isn't green so they'll have to think up another tax (complete with army of public sector workers to enforce it and fine you for not paying).
Fuel duty is a beautifully simple concept which has virtually no overheads. Although in an ideal world V8's might benefit from pay per mile I believe they'll be better off just paying a little more on fuel duty.
musclecarmad said:
Esseesse said:
cs02rm0 said:
Scrap VED, put it on the price of fuel.
Scrap fuel duty, put the price on pay per mile! I've often wondered what the objection is to road pricing on here. Given that what people earn remains similar, the cost of motoring surely cannot increase that significantly? If there was a charge per mile (and therefore a decrease in fuel duty) then it'd make it more economical to run a V8 relative to an eco-car unless there were different vehicle bands in the road pricing.Kentish said:
Einion Yrth said:
Kentish said:
Less support for those who can't or are unwilling to work.
Less support for those who can't work?Are you sure?
It is a system that is very largely abused currently.
musclecarmad said:
thatone1967 said:
cs02rm0 said:
Scrap VED, put it on the price of fuel.
+1.. been saying that for years.. the more you drive, the more you pay.. much fairer...Kentish said:
Einion Yrth said:
Kentish said:
Less support for those who can't or are unwilling to work.
Less support for those who can't work?Are you sure?
It is a system that is very largely abused currently.
There has to be a careful balance between the inevitable and needed increases in taxation and reduction in spending versus destroying spending that keeps bueinesses going.
When the mortgage rates dropped (which coincided nicely with the end of my fixed-term mortgage deal) we ended up about £500 a month better off. Rather than piss that up the wall we used the money for a couple of planned major purchases (which support business growth) and saved the rest.
Over the last few years that has produced a decent ammount of savings for us and extra tax revenue (from the major purchases and a fraction from tax on interest) for HM Govt.
Clearly the BoE could hike interest rates and we'd 'lose' that money which would almost all go to the banks and none into the economy directly or government coffers. Using interest rates to manage house prices might work but the fundamental supply-demand issue would not be addressed.
TheDetailDoctor said:
cs02rm0 said:
Scrap VED, put it on the price of fuel.
I've said this for years, that way those that use the most, pay the most. b
ks to all this "green" crap they spout about linking VED & emmissions.So how about £1 for every g/km of plant food gas produced? Some examples below;
VW Polo Bluemotion 99g/km CO2 = £99 per year VED (up from £0)
VX Monaro 360g/km = £360 per year (down from £435)
Two extremes there, but hopefully you see what I mean
Nobody who drives a motorized vehicle on our roads should get away with paying nothing. Its just not right.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff