I'm a Nurse on about 28k as well. Not really sure what to make of these tax cuts, just feel that tax cuts don't feel right at the moment? I'm not spending any money on anything because of fuel and energy prices, a saving on my national insurance isn't going to change that. Why have they not taxed the energy companies more? Or have they already?
2022 mini-budget discussion
- Thread starter Harlequin
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90%+ top marginal tax rates are not historically uncommon.
And it's worth noting that as that top marginal tax rate has decreased from 90%+ down to what it is today, GDP growth has trended downwards alongside it.
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Yep
You think society should be improved, and yet you participate in society?!
@Tony Edwards
It is suicidal Tony because we would retaliate, in cases where there isn't absolute certainty about our nuclear posture then perhaps it's a gamble he would be willing to take.
It is suicidal Tony because we would retaliate, in cases where there isn't absolute certainty about our nuclear posture then perhaps it's a gamble he would be willing to take.
Because the energy companies made a large donation to both the Tory Party fund and Lizz Truss's Leadership Campaign. It's pure, naked corruption.
Tories received £1.3m from fossil fuel interests and climate sceptics since 2019
Gifts and donations were from oil companies, petrostates and climate-sceptic thinktanks
www.theguardian.com
Liz Truss reveals campaign donation of £100,000 from wife of ex-BP executive
Contributions were revealed minutes before the new PM announced details of her plan to tackle rising energy bills
www.theguardian.com
Yes... scrapping nuclear weapons obviously makes a nuclear war more likely. With over 200+ countries around the world not having them, it's a wonder how we're not all radioactive glass already!
Soldato
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I know its the Daily Mail but this is GD...
Idiots!
Pound slumps to fresh 37-YEAR low against US dollar
As the markets delivered a sceptical verdict on the Chancellor's huge tax cuts, Sterling dipped under $1.09 - within sight of the $1.0545 it hit in March 1985.www.dailymail.co.uk
Idiots!
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Scrapping our nuclear weapons while countries like Russia, see current events, maintain their capability only makes more room for those like Putin to push their agenda on the world, potentially results in an increase in conventional war we would be involved with due to the lesser consequences, potentially increases the chances of nuclear weapons used against countries which can't fight back.
MAD tends to discourage events leading to nuclear war by and large.
EDIT: Also might be a bit different story if we didn't have a legacy as we do as a country - that can't be undone any more than the invention of nuclear weapons can.
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Can someone explain to me the new stamp duty rule?
I’m in the process of purchasing 2nd property for £230k (Main residence)
Current property to be rented out once everything is complete. I purchased the house from the council for £62k 6 years ago. Currently valued at £115k
As it stands £8,600 is stamp duty I need to pay. With new rules, will I be paying less?
I’m in the process of purchasing 2nd property for £230k (Main residence)
Current property to be rented out once everything is complete. I purchased the house from the council for £62k 6 years ago. Currently valued at £115k
As it stands £8,600 is stamp duty I need to pay. With new rules, will I be paying less?
Even if you wouldn't actually use nuclear weapons under any circumstances you can't actually say that - reduces their deterrent / influence value to 0, which is the whole reason for having them (at least it's the UK's reason for having them).
Even if his letters of last resort said 'surrender to the aggressor at the earliest opportunity' he should still at least have said that if the UK or NATO ally was nuked or the UK was at risk of being totally conquered by conventional forces that he would lauch the missiles, or something similar.
He wasn't just asked about 'instigating' a nuclear war, it was about launching them under any circumstances, and he danced around the question strongly implying he wouldn't.
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Yes
Caporegime
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It's on the government to tax us en-mass, not for us to self fund the NHS with donations
Myself and the wife already donate to several charities, and contribute to the local foodbank through our shopping at Tesco's every week, and complete 5 community support days each year through a workplace scheme.
The point I am making, is that if you give financially well off individuals a tax break, they are unlikely to feed it back into the economy, which means you fail to promote growth. The entire premise of these tax cuts is apparently to drive economic growth. Giving me a £1k+ NI break doesn't mean I go out and buy the latest iPhone, or an OLED TV or expensive hobby equipment, as I have those things already. I plough all of that extra cash into my mortgage while still on a fixed term to reduce the interest rate rise I'll be hit with in 2 years time. So the aim of the tax cuts won't be met.
The bit I think is disgusting is that the apparent solution to the hardship being suffered by a large proportion of the country, only due to get worse, is to give the well off a tax break, to have the taxpayer fund the dividends of BP\Shell shareholders (energy cap rather than windfall tax), run up national debt for future tax payers, and neglect any infrastructure investment which actually would improve economic growth.
Someone on minimum wage who can't pay their energy bills, or is about to be hit with a mortgage interest rate rise gets very little support. I, who need zero support whatsoever, get plenty. It's disgusting.
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Caporegime
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There was a one off windfall tax, but they have borrowed £100 billion to pay them, instead of taxing their huge earnings.
You cant be responsible for what others do but you can be responsible for yourself so increase your charitable contributions accordingly then at least you won't be 'disgusted' with yourself.
As for whether this promotes growth come back in 6 months and see..
Tax cuts will only ever benefit tax payers.
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There are tax payers struggling to make ends meet, if they wanted to boost the economy then increase the tax free threshold up by £1,000+, that money would flow straight back into the market.
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