Mexboroseasider
Well-known member
What do we think?
A bit underwhelming?
A bit underwhelming?
Autumn Statement
- Thread starter Mexboroseasider
- Start date
Wizaard
Well-known member
Smoke and mirrors as forecast. Cut to NI conts but no change in tax base level means any pay rise is taxed more than the decrease to NI.
How they have the nerve to claim any credit for the drop in inflation defies belief. When it went up it was 'worldwide economic conditions' completely out of their control.
It drops and they claim responsibility.
Is the public really that stupid not to see through it?
Also claiming credit for not implementing a rise at the October rate of inflation of 4.6% but staying with the 6.7% September rate.
It was them who floated the idea in the first place, realised it wasn't popular so stuck with a traditional measure in place for 60 years, selling it as being generous.
Again, treating the public as mugs.
fcblackpool
Well-known member
The most striking thing about it was the coverage by Sky. They bang on about climate change with a dedicated show and often stories about plastic in water, yet the hippo's send up a Skycopter to follow C...err..Hunt from Downing St to Parliament.
The Cop kneeled down and kissed the feet of a Priest and the Queer threw up at the sight of that.......
At least their 5 years will be soon up.
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Danny Ocean
Well-known member
The claim about inflation is laughable, the cost of shipping and containers went up during COVID-19. A typical container
would cost in the region of £ 1000 to ship from China, and that went up to £ 20,000 per container. Given that we import
so much including food by that method, we were left with rampant inflation. Now shipping prices have fallen back to
the same prices as before covid inflation is starting to fall.
would cost in the region of £ 1000 to ship from China, and that went up to £ 20,000 per container. Given that we import
so much including food by that method, we were left with rampant inflation. Now shipping prices have fallen back to
the same prices as before covid inflation is starting to fall.
Mexboroseasider
Well-known member
I think the absence of replies probably confirms the op.
Keeping his ammunition dry for the budget and a Spring election?
It’s astonishing how upturns in the economy (and the availability of free cash) always coincides with a general election.
Keeping his ammunition dry for the budget and a Spring election?
It’s astonishing how upturns in the economy (and the availability of free cash) always coincides with a general election.
Newholland
Well-known member
I’m assuming you’re overloading on sarcasm re the last paragraph..
Mexboroseasider
Well-known member
Just a tad.I’m assuming you’re overloading on sarcasm re the last paragraph..
But no matter how heavy handed you are, I can guarantee come the general election handout some people will be saying/thinking “Oooh we’ve FINALLY turned a corner. We can’t mess things up now by not voting Tory!!”
Chunkylad
Well-known member
Thought it was dull and pretty much pointless.
Public services now are absolutely hopeless and unless we unearth massive diamond mines in the poverty stricken north, I cannot see how any future government will ever have enough cash to catch up the mess of the last ten years?
The debt is growing at frightening levels and just the existence of food banks at all in this country suggests that something has gone horrendously wrong in how the government distributes wealth.
basilrobbie3
Well-known member
More worrying than underwhelming.
In debt up to our eyeballs for the foreseeable future, growth in the weeds, and no discernible strategy to tackle it other than shifting the tax burden around a bit. With overall tax as a proportion of GDP at its highest level in what is it? 75 years?
Tangerinemoss
Well-known member
I was fascinated by the description of tax relief against certain ivestments being made permanent. No, depends what the next Chancellor thinks.
The same NI they put up, and, as Lala said on a differnen thread, needed for pensions and NHS.
No mention of the decapping of the Bankers bonuses, or raising more taxation by persuing tax avoidance by Mega Businesses, but plenty on reducing benefits for those in dire straits.
Same old Tories
The same NI they put up, and, as Lala said on a differnen thread, needed for pensions and NHS.
No mention of the decapping of the Bankers bonuses, or raising more taxation by persuing tax avoidance by Mega Businesses, but plenty on reducing benefits for those in dire straits.
Same old Tories
Tangerinemoss
Well-known member
I saw the tax burden graph too, and it made me really start. It suggests yer average UK citizen is paying more in direct and indirect taxation, but hides the huge tax evasion and avoidence of the Mega Companiees and super wealthy. JRM used to pay tax in the Uk, but offshored his wealth ,this has been repeated by many, and so shows a reduced tax take across wealth generation.
When it is quoted as gospel that we do not have the money to deal with our social problems, housing stock and NHS, it misses the point that vast wealth has been removed from the country, and this is considered normal and OK.
Chunkylad
Well-known member
My friends company has a vat and tax investigation about to begin. He’s got an accountant and does all his records online Inc vat.
There’s two officers coming to his premises so they’re on the hunt for missing vat payments which he is adamant would be minimal as it’s all inputted into his online accounts and accountants.
The best bit is he turns over £400k so at best it would be a couple of thousand pounds they’d find. Wtf??? They’re just ticking boxes and chasing shadows when the whole country knows there’s £billions defrauded by the whole covid farce and £billions avoided by the corporations which hmrc won’t go after.
No point asking Amazon to pay billions in tax avoided if you can do a full investigation and get two or three grand back
There’s two officers coming to his premises so they’re on the hunt for missing vat payments which he is adamant would be minimal as it’s all inputted into his online accounts and accountants.
The best bit is he turns over £400k so at best it would be a couple of thousand pounds they’d find. Wtf??? They’re just ticking boxes and chasing shadows when the whole country knows there’s £billions defrauded by the whole covid farce and £billions avoided by the corporations which hmrc won’t go after.
No point asking Amazon to pay billions in tax avoided if you can do a full investigation and get two or three grand back
Spot on.My friends company has a vat and tax investigation about to begin. He’s got an accountant and does all his records online Inc vat.
There’s two officers coming to his premises so they’re on the hunt for missing vat payments which he is adamant would be minimal as it’s all inputted into his online accounts and accountants.
The best bit is he turns over £400k so at best it would be a couple of thousand pounds they’d find. Wtf??? They’re just ticking boxes and chasing shadows when the whole country knows there’s £billions defrauded by the whole covid farce and £billions avoided by the corporations which hmrc won’t go after.
No point asking Amazon to pay billions in tax avoided if you can do a full investigation and get two or three grand back
SEASIDE2020
Well-known member
Wiz
Not arguing with the sentiment of your post or defending or criticising any political party but can you just justify this bit please or explain why I am wrong and I probably am:
"Cut to NI conts but no change in tax level means any pay rise is taxed more than the decrease to NI"
A man earning £35,400 per annum is £450 better off as a result in the reduction in National Insurance contributions.
Let's say the man gets a pay rise to £36,000 per annum.
As you state, the tax allowances are frozen so the chap has to pay additional income tax of £120 (20/100 x (36,000 - 35,400)).
So is the chap not better off by - I know it's not exactly this figure as I'm not accounting for NI contribution on his increased earnings - about £330 ?
Macseasider
Well-known member
They are reducing National Insurance. The same National Insurance that they put up. Wonderful. A pitiful gain over the year.
GE now please.
GE now please.
tangerine_neil
Well-known member
Depends how they sell it to the electorate.
On the surface the headlines will appear NI tax reduction (one for working age), Pension triple lock secured (one for oldies), minimum wage increased (one for the yoof), UC increased (one for those on Benefits). Bash those taking the WCA mickey.
Spring Statement and that will probably be it before the next GE. I doubt it’s enough.
Just need a good ol’ war now with Argentina to win the voters back.
On the surface the headlines will appear NI tax reduction (one for working age), Pension triple lock secured (one for oldies), minimum wage increased (one for the yoof), UC increased (one for those on Benefits). Bash those taking the WCA mickey.
Spring Statement and that will probably be it before the next GE. I doubt it’s enough.
Just need a good ol’ war now with Argentina to win the voters back.
Energy bill’s horrendous, food prices horrendous and nobody says a word.
Just Oil protests, Israel/Palastine protests but no protests about the economy.
What’s going on now is worse than the Poll tax and yet there were massive protests then.
Most people must be doing ok and so not bothered
Just Oil protests, Israel/Palastine protests but no protests about the economy.
What’s going on now is worse than the Poll tax and yet there were massive protests then.
Most people must be doing ok and so not bothered
tangysider
Well-known member
Yellow card for being factual
Wizaard
Well-known member
£43 billion raised from freezing the tax thresholds. £11 billion given back as NI conts cuts. How's that better off?
Bloodtangerine
Well-known member
Are you saying the public aren’t Mugs? You thought 51% were in voting for Brexit.
Bloodtangerine
Well-known member
Yeah, a change of Govt always solves every problem …. I’ll not type it in Capitals
Bloodtangerine
Well-known member
Answer his actual question
traffordtang
Well-known member
By cutting NI they’re cutting off a source of income for the NHS. It feels like the last act of a dying government. When Labour come to power they won’t be able to improve the NHS without putting up taxes or NI again, at which point the Tories and their cronies in the press will shout from the rooftops about the high tax Labour government, hoping this will see them get kicked out at the following general election. Sadly people fall for it every time, even when the facts don’t add up.
Shandypants
Well-known member
Is he suggesting it did? Trot over back to the I'm a celebrity thread
Macseasider
Well-known member
When it's this bad after 13 years someone else is almost certainly going to get the opportunity to try.
You might not like it but thems the facts.
Bennys_was_a_mob
Well-known member
This national living wage increase of 9.8% is all well and good for those who need it and manage to keep their jobs, but as Mrs Benny said to me it will cost her business the best part of £2000 per annum per employee just to keep her wages in line, and she pays over the living wage so this figure will be much more.
This money has to come from somewhere, 2 of her staff are moving on shortly and the result will be she probably won't replace them.
So the customer will lose out, customer care will drop off, prices may have to increase, staff moral will drop, more staff may have to lose their jobs, not a pretty picture for small businesses.
This country is goosed.
This money has to come from somewhere, 2 of her staff are moving on shortly and the result will be she probably won't replace them.
So the customer will lose out, customer care will drop off, prices may have to increase, staff moral will drop, more staff may have to lose their jobs, not a pretty picture for small businesses.
This country is goosed.
️’s.
poolseasider
Well-known member
Nearly every Tom Dick & Harry has had a pay rise in this country well it seems like it with the amount of strikes or threats of industrial action the last couple of years.
Minimum wage staff a don't normally strike and can do very little to improve their wage until the Gov put it up do they not deserve it?
TangoDave
Well-known member
It'll be a start. You're such a smart arse.
Bennys_was_a_mob
Well-known member
I never said they don't deserve it, so please don't put them words into my post. I said that it could end painfully for some working for smaller companies that simply cannot afford such pay rises and in effect for some of these small companies maybe 1 in 10 could lose their jobs due to the economic position these idiots in charge have put them, just so the company can stand still.
SEASIDE2020
Well-known member
Wiz
Sorry, I thought when you said "any pay rise" you meant nobody was better off.
I now see that you meant overall, no problem and I did say that I was not praising or criticising any political party.
For what it's worth, I won't be voting for any of the main two sh1te parties and the sooner the country is rid of Sunak the better.
Bloodtangerine
Well-known member
YOU’VE REALLY HURT MY FEELINGS!! I’M OFFENDED!
1966_and_all_that
Well-known member
20bn taken out of public services to pay for a weak attempt at buying votes. This really is the fag end of a shit Government.
Chunkylad
Well-known member
Tax cutting budget.. except the tax burden is as high as it was after we’d ran a full war economy and bankrupted the nation for 5 years to stop the Nazis!
How shit is this government when it measures its economic performance against when our country was surviving on a few hundred calories a day and bombs were raining down?
Absolutely shameful performance
1966_and_all_that
Well-known member
You really aren't up with the modern media. The idea is to forget the old and accept the new, dahling.
poolfaninwigan
Well-known member
New Labour government would help the lowest in society and not keep the rich richer. We all die and ho in the same earth. Why do the rich want MORE and MORE.
Bloodtangerine
Well-known member
that sounds like a third year secondary school level of statement to be honest mate
poolfaninwigan
Well-known member
Cuthbert
Well-known member
Its a complete utter conn. This joke of a Government massively puts up taxes and then say that they are cutting taxes. My taxes have gone through the roof in the past two years. This was meant to be business friendly but I have just paid Corporation Tax on my 2 businesses today. Its gone up from 19% to 25%, since last year. I don't really mind paying more but its really made me think about just packing in altogether as its not worth the long hours, sweat and stress. Add on the VAT (20%) and then I pay tax on what I pay myself as well. From what the businesses earn well over 50% goes to the taxman. Then there is National Insurance paid on employees. This Government is massively business unfriendly. This Government is a joke as we also have horrendous problems of poverty and public services which are in a complete mess. Meanwhile Truss cost us all billions. Not a huge Starmer / Reeves fan but I will vote for them to get rid of this shower.
Bloodtangerine
Well-known member
I respect you for running a business mate
I hope you don`t mind me politely asking, Cuthbert:
So, Corporation Tax is on a sliding scale (19% to 25%) and to pay it at the highest rate at 25% you have to declare profits of over £250,000.
Do you think that is not fair?
And would you really think of "packing it in altogether as its not worth the long hours..."?
I agree with you that this government is many things, but I personally don`t have a great problem with Corporation Tax rates...
straightatthewall
Well-known member
Agree around the cost of shipping containers now being back to normal, but you're ignoring the massive uplift in energy costs that impact the cost of producing pretty much everything. Plus labour costs have increased for every business because inflation is higher and unemployment is actually low - meaning government should be coining in the tax revenues - and people need higher wages as their personal energy costs more, petrol costs are up, food costs more (through energy and transportation costs) and interest rates are up meaning mortgages cost more.
Cuthbert
Well-known member
Too frigging old. Shame we are not investing in Blackpool. Did try but not to be.I respect you for running a business mate
Cuthbert
Well-known member
Corporation tax is over £85,000. Take my word small businesses are just looking to exit it ain’t worth it. Know a few people who have given up to take a salary instead
Cuthbert
Well-known member
Also bigger businesses are just going off shore. You cannot look at Corporation Tax in isolation. It’s one part of a mad tax system
1966_and_all_that
Well-known member
I
It was a question, despite the lack of appropriate punctuation.
Wizaard
Well-known member
Boris and Sunak were all for letting them die, as they'd had their lives already.
Let's not forget that.
Also Sunak couldn't understand why veterans were being given benefits when they were literally trained to live off the land.