Poll: Poll: Prime Minister Theresa May calls General Election on June 8th

Who will you vote for?

  • Conservatives

  • Labour

  • Lib Dem

  • UKIP

  • Other (please state)

  • I won't be voting

Results are only viewable after voting.
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UTmaniac said:
I'd love to see a decent poll, taken just before and after this leaked Labour manifesto. I honesty think it would reduce the Conservative led, because the only real individual losers are the fat cats at the top receiving silly sized incomes eg. Royal Mail boss gets 1.5 million per year; plus those in line to receive monster sized inheritances.

For those on low to average incomes of less than ~£35k gross, what is not to like as individuals?

Yes, businesses might be unhappy, especially those with cushy tax deals. And the way prices are shooting up in the shops because of the post-referendum weak pound, low earners are going to need that ~33% minimum wage increase just to maintain their current standard of living.
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Where do businesses get money from again?
 
I still don't think Labour will win, but that manifesto, if true, will hopefully cut a Tory majority down a bit. The weaker the Torys are the better.
 
Dolph said:
Where do businesses get money from again?
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They get money from selling services/goods, using it to pay staff a reasonable wage and pay reasonable taxes, as well as other typical expenses such as leases and ultilities.
 
UTmaniac said:
They get money from selling services/goods, using it to pay staff a reasonable wage and pay reasonable taxes, as well as other typical expenses such as leases and ultilities.
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They get money from people. What do you think will happen when costs increase across the board due to tax and enforced wage changes?

It's either price rises or wage cuts, for the normal people who are their customers and employees.
 
If the leaked manifesto is correct then I will vote labour again on the principle that the country and its assets should be run and benefit the people of the country as much as possible, not shareholders and ceo's, life should not be about growth and profit.

I dont think they will get anywhere near winning but I have to vote for what i believe in.
 
Dolph said:
What about the abject insanity maths, the plan to essentially cut the public sector off from all major companies with the wage multiplier cap?

How well will universities cope with a 20 to 1 wage limit?
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Examples? That would mean a university where the lowest paid employee is paid minimum wage could only pay their highest paid employee £300k for a 40 hr week, £450k if they work 60 hours. I doubt that will affect most universities. Maybe the top ones pay their chancellors more than £300k, I don;t know but I doubt it will be a big issue.

The average salary and benefits package paid to university heads rose by £14,595 to £252,745 in 2014-15, a rise of 6.1 per cent. When pension contributions are included, average remuneration was £274,405, which is 5.4 per cent higher than in 2013‑14. The median total payout was £268,500.
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A £300k cap, assuming there is somebody paid minimum wage seems reasonable. Of course Labour want to increase the minimum wage to £10 to that cap would be £400k.

Do we seriously need to pay anybody more than £400k to be a chancellor of a university?
 
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So, it appears that the leaked document is indeed genuine, acknowledged by Labour. Quite a bit of speculation that it was leaked by Labour - not a bad tactic - although Corbyn has now subsequently pulled out of a campaigning event this morning, not to be replaced by another candidate but by election coordinators.

Neither prospective PM seems overly keen to appear in public!
 
Dolph said:
They get money from people. What do you think will happen when costs increase across the board due to tax and enforced wage changes?

It's either price rises or wage cuts, for the normal people who are their customers and employees.
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A raise in minimum wage is an attempt at wealth redistribution. Apart from taxation / benefits, what alternative is there? There are people in full time work using food banks.

As a business owner part of me groans when I hear about min wage increases, but I find it hard to argue against them. Unfortunately our economy has been badly managed for some decades, one result of which is very poor wealth distribution, which stifles business and is causing another debt bubble. The consequences of which are far worse than wage cuts for those earning more than min wage and inflation caused by min wage rising.
 
Roar87 said:
It depends on your ideology I suppose. I'm more in favour of an American system with low tax and greater personal responsibility.
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But the US doesn't have a low Corporation tax rate, it's currently over 35%

Other's may prefer higher taxes and more government spending.
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Or we could emulate Trump, since he seems popular with the same people who ideologically hate the Left, and their 'looney economic policies' - which is massive tax cuts combined with huge government spending.....I don't hear many people on the right shouting about how unaffordable that is and the massive deficit burden it's going to create.

It's not necessarily about giving direct pay rises to staff instead of the taxes being paid, it's more about giving businesses less reason to make staff redundant, more capital to hire more staff, and the ability to give wage rises because less money was spent on tax. Obviously this averages out over the whole economy, so 1% may seem small but it will have an impact over the entire country.
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Business don't hire more staff and give them pay rises because they pay less in Corp tax, they do it only because they have more demand and need to retain staff
 
darkgen said:
In some states it is as low as 10%.
https://taxfoundation.org/2017-state-business-tax-climate-index/
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That's State Corporate Tax , not Federal

KPMG said:
The [US] corporate income tax rate is approximately 40%. The marginal federal corporate income tax rate on the highest income bracket of corporations (currently above USD 18,333,333) is 35%. State and local governments may also impose income taxes ranging from 0% to 12%, the top marginal rates averaging approximately 7.5%. A corporation may deduct its state and local income tax expense when computing its federal taxable income, generally resulting in a net effective rate of approximately 40%. The effective rate may vary significantly depending on the locality in which a corporation conducts business
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Scrap university fees?!?!? At who's cost? All well and good if its limited to STEM subjects but I don't feel happy about tax payers subsidizing someone with a head full of magic to spend 3 or more years on gender studies or art
 
nick.lidgett said:
Scrap university fees?!?!? At who's cost?
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Never mind the cost think of the social effect, we are already struggling as a nation because Blair convinced an entire generation that going to university to do waster courses was cooler than learning an actual skill/trade, the result is loads of people flipping burgers who have a degree but a colossal shortage of skilled workers/tradesmen, to the point where our country is completely dependant on foreign labour.
 
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