this makes me sick

bearing in mind how much the IMF has helped bail countries out of this recession, how can that be a bad thing? they have helped us in the past as well in the 70s not to mention great britain being the first ever country to use the IMF just after the second world war how can it make you feel sick about topping it back up? stop thinking as a country and start thinking as a world
 
Andr3w said:
And they promised not to increase fuel duty :(
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Isnt it like the third time in a year its gone up despite promises otherwise? Not that im supprised. Sad thing is no matter who is in power it would still happen, motorists are easy targets.
Anyway, you know what makes me sick? Bread. Its so full of fat these days I cant stomach it anymore.
 
mattheman said:
petrol duty is going up today, tax on other things is going up, and what do they do, give your tax money to the IMF.
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2p rise in fuel duty today.

Then:

The next tax increase is on January 1 when the 15 per cent VAT rate is due to return to 17.5 per cent. The CBI, which represents British industry, is trying to delay the rise so that it does not coincide with the January sales. Also returning on January 1 will be the imposition of stamp duty on houses costing between £125,000 and £175,000, which had been suspended to jump-start the property market. The popular car scrappage scheme will come to an end in March.

The introduction of the 50 per cent rate of tax on earnings of more than £150,000 will be introduced on April 1, as well as a restriction of tax relief to 20 per cent for people on salaries above £150,000. This will come one month before the expected date of a general election.

Business rate relief and the first-year capital allowance increase to 40 per cent will also both end in April next year. A scheme to allow businesses to write off losses of up to £50,000 against profits made in the preceding three years will close at the end of next year.
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From http://www.timesonline.co.uk/tol/driving/article6815398.ece
 
Scrap your old car, buy a new one, but you can't use it >.<

I don't mind the fact we're paying into the IMF, just wish it didn't come out of petrol, but realistically, where else would it come from? there's very little else in the country that people will buy regardless of price, and the sheer number of people with cars etc. it's a smart thing done by the gov. on that level
 
Great times ahead then :(

Are there any other countries better off than us where you can keep the majority of what you earn and not get completely screwed? Or is most of the world on the down for the next 20 years or so.
 
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tntcoder said:
Great times ahead then :(

Are there any other countries better off that us where you can keep the majority of what you earn and not get completely screwed? Or is most of the world on the down for the next 20 years or so.
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well, if you're a cuban farmer, 70% of your crops go to the govt, the rest you can sell for a fixed price =S
 
tntcoder said:
Great times ahead then :(

Are there any other countries better off that us where you can keep the majority of what you earn and not get completely screwed? Or is most of the world on the down for the next 20 years or so.
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there are countries better off in that respect and countries worse off too... either way though we're still a world leader...
 
mac1st3 said:
Scrap your old car, buy a new one, but you can't use it >.<

I don't mind the fact we're paying into the IMF, just wish it didn't come out of petrol, but realistically, where else would it come from? there's very little else in the country that people will buy regardless of price, and the sheer number of people with cars etc. it's a smart thing done by the gov. on that level
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No no the smart thing is that when VAT was cut fuel duty was increased to compensate. Since then there have been more increases in fuel duty. Because VAT is applied last (meaning you pay VAT on the fuel and fuel duty, tax on the tax) when VAT goes back up it will earn far more than it did at the time it was reduced, short of a huge drop in the pre tax cost of fuel.
 
malfunkshun said:
No no the smart thing is that when VAT was cut fuel duty was increased to compensate. Since then there have been more increases in fuel duty. Because VAT is applied last (meaning you pay VAT on the fuel and fuel duty, tax on the tax) when VAT goes back up it will earn far more than it did at the time it was reduced, short of a huge drop in the pre tax cost of fuel.
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yet if you notice, in shops, the VAT has slowly been put back on, many items here have gone back to .99p endings just to round the prices, but most items, after a month went back to original prices, and very few people noticed, quite frankly, i'd forgotten about the VAT drop till you mentioned it, that's what's interesting to me >.<
 
Pretty lame thing to feel sick about

Anything that encourages people to use there cars less has to be a good thing.

Money should be used to fund alternative transportation or green technology though.
 
Right, so let say fuel is 106.5p at the end of the year. Of this, 13.9p is VAT. Actual fuel ex vat is 92.6p

Come Jan and when VAT is potentially restored to 17.5%, we'll pay 108.8 (or 109p).

Just great!
 
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