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?!?!?
It was the worst because of Labour's irresponsible spending, which has already been highlighted.
Gordon Brown's gold selling experiment being an example.
The Budget 2015 – 12:30
- Thread starter Cosimo
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?!?!?
It was the worst because of Labour's irresponsible spending, which has already been highlighted.
Gordon Brown's gold selling experiment being an example.
The Tories policies tanked the economy for three long years; after inheriting a growing economy, they strangled the recovery in its infancy and that loss of growth has made the task of paying off the deficit more difficult; it's the primary reason that they have missed their target of clearing the deficit in this parliament. The cuts, cuts, cuts agenda is economically naive, at best.
The brute fact is that this country is facing no acute debt or deficit crisis and we should have used that space to secure the recovery and then looked to solve the problem in the medium term. Instead Osborne chose to slam the brakes on with needless levels of austerity and, worse, chose to pile the pain onto cuts rather than applying a more sensible mixture of tax rises and spending cuts.
The increase in the tax free allowance does not go primarily to low income deciles, but rather it goes primarily to middle-to-higher income households.
Are you serious? We have never had a government that seriously clamps down on tax evasion. Especially the tories.
Do we get a reduction in taxes/NI to cover our private care though, no not a chance, all that would do it create a tier for the less fortunate to be even more pushed down the ladder.
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Damned if they do and damned if they don't...
But unlikely to happen as no-one will vote for the Lib Dems.....why's that then?
This is far worse than the 80s. The fact you feel it isn't is down to this government. Other countries have not coped well at all and have crippled economies with high interest rates etc.
Tanked the economy, so we will ignore the rest of Europe shall we.
Tax free allowance helps the poorest the most. As they will not be paying income tax, as a percentage of there pay, they've gained the most.
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As I've already said lib voters by and large are idiots. For some strange reason they though libs were sole in power and think it would be better for them not to work with Tories.
Voters who have strayed away from lib really are idiots. libs through there actions should have gained votes after last time.
The poorest are worst off, they may pay a little less tax now but are having working tax credits reduced by much more.
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I could say the same about Labour voters.
Why anyone would vote for a party which destroyed the country for so long is beyond me.
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Seriously how old are you? To say something like that you can't possibly be old enough to remember the late '80s. Mass unemployment, sky high interest rates, race riots, civil disobedience and a resultant state crackdown - it was an awful time trust me. I'd summarise Britain at the time as having a complete absence of hope. Yes the bankers screwed things up in 2007 to a much greater extent than they did back then, but you knew in 2008 that Britain would recover - people weren't so sure in the '80s.
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No people were not at all confident that the country would recover in 2007, that is why the stock market crashed.
Your posts are seriously lacking in sense.
Coming from you I'll take that as a compliment
There's more to the country than the stock market you know?The UK economy tanked before the economy of directly exposed countries like Germany and France it is thus simply not credible to maintain that the Eurozone crisis was the principle cause of the slowdown.
Before the last election I said that the Tory's policies would tank the economy but that, even with the negative effect of their policies, we'd probably see a weak recovery by the end of five years. This is exactly what has happened; you'll excuse me if I don't buy the eurozone excuse since what has happened since it is exactly what I, and credible economists, said would happen before any of those events unfolded.
I don't doubt that the Eurozone crisis has had some effect, but it is not principally responsible for the failure of the UK economy and even Osborne's lapdogs the OBR accept that the austerity approach has had a significant negative effect on GDP growth. We're fortunate that George rolled back from his original plans and towards something like Labour were proposing at the last election since that avoided an even worse mess.
Do I have to post this again? Here is the data from the IFS on the effect of the rise to £10k:
It is simply not true that the poorest have gained the most; in fact the largest gains in both cash and percentage terms have accrued to households in the middle-to-upper part of the income scale. What's more the policy has been paid for by policies that hit the poorest hardest so there's a double effect.
And this chart is from where.
As it can't be right. Gaining tax free on 5k for someone earning say 80k is sod all percentage wise
Going from 6k to 11k tax free for someone on 13k is a lot.
Let me guess fudged stats to try and prove a point.
And two countries out of all the euro zone shows what the eurozome did?
And Germany is not a good example, they are massively different to us.
As it can't be right. Gaining tax free on 5k for someone earning say 80k is sod all percentage wise
Going from 6k to 11k tax free for someone on 13k is a lot.
Let me guess fudged stats to try and prove a point.
And two countries out of all the euro zone shows what the eurozome did?
And Germany is not a good example, they are massively different to us.
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Coming from you I'll take that as a compliment
Well yes obviously, but it is representative of most of the economy. And since the economy is at the heart of everything the Government does, I stand-by my statement.
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It is indeed sod all percentage wise and the chart reflects that.