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RE: The Dubious World of Boris Johnson - The Silent Majority - 09-08-2022 23:30
Sunak at least has a bit of a grip on reality. Truss is living in cloud cuckoo land pinning everything on tax cuts. She seems determined to die on that hill and take the rest of the country with her. Tax cuts to stimulate growth is a sound enough strategy, within reason. The current situation is way beyond anything where tax cuts will have any effect quick enough to help anyone.
It's not going to help those who don't pay tax, clearly. But neither will it cost the government anything. Tax cuts for people who don't pay tax is just sleight of hand.
The real shit for the government is going to come from the people who do pay tax. Normally.
I can tell you right now, I won't be paying any tax next year. In fact the Chancellor is likely going to have to put his hand in his pocket and give me some of this years back. And I'm just small fry, in the grand scheme of things.
Don't get me wrong, I'm not going tits up anytime soon. But the hatches are well and truly battened down. My main machine is due for changing at the end of this year. Quotes I'm getting now are in the region of £60k to change (last time, 5 years ago, it was £30k). That's to change, i.e £60k cash plus my machine in. So that's not going to happen. The one I have now, is now debt free. And I'll be going with that for the time being.
Normally I could set that against tax, twice over. Capital Allowance on the full price in the year of purchase and the monthly finance payments are set against the next 5 years profits. But if I'm not paying tax anyway, that incentive is gone.
Tax cuts mean jack shit to those not paying tax. But even those paying tax are just going to pay bills with any saving, or sit on it in anticipation of worse to come, rather than actually invest in the business, or, in the case of employees, go out and spend it on goods and services.
In short, we're fucked whoever gets in, but more so with Truss.
RE: The Dubious World of Boris Johnson - southsidestu - 10-08-2022 00:02
They both like to claim that they are the heir to Thatcher, I would say Sunak has the greater claim. Thatcher was all my father was a shopkeeper and never spent more than he earned which is the message Sunak is trying to convey.
Truss is more like the heir to Reagan, tax cuts for the sake of tax cuts & the debt and deficit can go fuck itself.
Truss was asked by Burley on the sky debate how she would help the least well off, to which she replied she would scrap the raise in National Insurance, at which point Burley had to point out that the least well off don't earn enought to pay NI in the first place.
RE: The Dubious World of Boris Johnson - lovebabes56 - 10-08-2022 06:53
If it was Lsabour in power, would they do any better?
RE: The Dubious World of Boris Johnson - HannahsPet - 10-08-2022 07:42
proberly look how Gordan Brown coped with the 2008 crash crisis could have been a lot worse
Boris seems to be on holiday mode maybe we should cut the power to chequers and downing street maybe the fuckwit would do something
RE: The Dubious World of Boris Johnson - lovebabes56 - 10-08-2022 07:49
(10-08-2022 07:42 )HannahsPet Wrote: proberly look how Gordan Brown coped with the 2008 crash crisis could have been a lot worse
Boris seems to be on holiday mode maybe we should cut the power to chequers and downing street maybe the fuckwit would do something
I would say it probably wouldn't do much damage if Downing St & Chequers have their own hamster driven generators
RE: The Dubious World of Boris Johnson - Rammyrascal - 10-08-2022 14:20
(09-08-2022 23:30 )The Silent Majority Wrote: Sunak at least has a bit of a grip on reality. Truss is living in cloud cuckoo land pinning everything on tax cuts. She seems determined to die on that hill and take the rest of the country with her. Tax cuts to stimulate growth is a sound enough strategy, within reason. The current situation is way beyond anything where tax cuts will have any effect quick enough to help anyone.
It's not going to help those who don't pay tax, clearly. But neither will it cost the government anything. Tax cuts for people who don't pay tax is just sleight of hand.
The real shit for the government is going to come from the people who do pay tax. Normally.
I can tell you right now, I won't be paying any tax next year. In fact the Chancellor is likely going to have to put his hand in his pocket and give me some of this years back. And I'm just small fry, in the grand scheme of things.
Don't get me wrong, I'm not going tits up anytime soon. But the hatches are well and truly battened down. My main machine is due for changing at the end of this year. Quotes I'm getting now are in the region of £60k to change (last time, 5 years ago, it was £30k). That's to change, i.e £60k cash plus my machine in. So that's not going to happen. The one I have now, is now debt free. And I'll be going with that for the time being.
Normally I could set that against tax, twice over. Capital Allowance on the full price in the year of purchase and the monthly finance payments are set against the next 5 years profits. But if I'm not paying tax anyway, that incentive is gone.
Tax cuts mean jack shit to those not paying tax. But even those paying tax are just going to pay bills with any saving, or sit on it in anticipation of worse to come, rather than actually invest in the business, or, in the case of employees, go out and spend it on goods and services.
In short, we're fucked whoever gets in, but more so with Truss.
Yep, especially if your poor, sick or disabled
RE: The Dubious World of Boris Johnson - Charlemagne - 12-08-2022 08:47
It's a sign of our expectations when the headline in one newspaper says "PM turns up for meeting".
Drinks and lunch must have been provided.
RE: The Dubious World of Boris Johnson - lovebabes56 - 12-08-2022 10:36
And then most likely went back on holiday, the real question surely this should be a situation where parliament is recalled - and the debate should be held in a compassionate way..
RE: The Dubious World of Boris Johnson - skully - 12-08-2022 12:55
^ You're expecting a bit too much, lazy Boris and his useless minions do fuck all, it's why the mess is as bad as it it is.
RE: The Dubious World of Boris Johnson - Charlemagne - 12-08-2022 12:59
^ There's a rumour that the meeting with the energy companies went well.
Donations for the Tory party are to increase and the government aren't making any changes to windfall tax.