2022 mini-budget discussion

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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.

I said exactly the same to my wife earlier...

Thus budget is a slap in the face to those at the bottom of the earnings scale.
 
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.






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!
Jeez. Have Labour said what they would do instead? This whole thing is so annoying just watching people get richer while I can barely afford fuel to get around to see my patients.
 
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.

I don't really want to derail this thread, so I think we'll have to agree to disagree.
 
As for whether this promotes growth come back in 6 months and see..

Borrowing to cut taxes in an economy that is close to full employment will crowd out whatever extra disposable income the cuts create.

The impact on growth will be minimal at best, but they will cause higher inflation. Just what we want right now. :rolleyes:

We have decades upon decades worth of research into the impacts of these sort of tax cuts and we even have a direct historical parallel that we can look at in the Barber Boom of the early 70's.

I'm personally going to benefit by more than £10,000 per annum thanks to these cuts; but what they're doing is utterly braindead, breathtakingly stupid and dangerous.

Whatever I save over the next couple of years thanks to these cuts, will pale in comparison to the damage they're going to cause longer term.

But I suspect they know that all too well; and in fact, I doubt that stimulating growth is their objective at all.
 
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His words would make that eventually just a little more likely, also make conventional war just a little more likely if those like Putin think you are weak.

Being heavily prepared defensively doesn't equate to taking an aggressive posture - though it can take beyond a knee jerk reaction to the words nuclear war to comprehend that.

EDIT: As an example Corbyn was decrying the supply of Western arms to Ukraine and calling on them to stand down from the battlefield, while also calling on Russia to leave... which is pants on head stupid until you have some kind of iron clad guarantee from Russia - and then Ukraine wouldn't need Western arms anyhow.
Come off it, you'd know if you'd ever been in a threatening situation / confrontation, played a tactical game like poker or a computer game against a human opponent, that it's so much more than whether someone says they'll hit you back or not. In fact I'd say that's way down the list of 'can i attack this person and get away with it', depending on the situation you may even be giving the game away by saying you'll retaliate because they may asses that you're bluffing and call your bluff.
 
Come off it, you'd know if you'd ever been in a threatening situation / confrontation, played a tactical game like poker or a computer game against a human opponent, that it's so much more than whether someone says they'll hit you back or not. In fact I'd say that's way down the list of 'can i attack this person and get away with it', depending on the situation you may even be giving the game away by saying you'll retaliate because they may asses that you're bluffing and call your bluff.

I really can't decipher your point. Only a mad man is going to risk calling a bluff over nuclear weapons (and sadly Putin knows that well).
 
Some people will make that move at 45%, some people at 50%, some 60%; that's how it works. More people will do higher paid jobs at 40% than at 45%. There isn't a hard line where everyone leaves a country, it's a sliding scale.

Its a more a case of how nice it is to live in the country where they work and the cost of living rather than the tax rate. That's why so many high paid workers are leaving since brexit because this country has gone to **** and is getting worse. This tax cut will do nothing to change that. In fact ignoring the low and middle paid will just speed up this country going downhill so even more will leave.
 
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.

I'm sorry, you think I'm disgusted with myself? I thought it was quite clear I'm disgusted with the decisions the Conservative government have just taken regarding taxation.

And tax cuts can harm tax payers if the long term economic performance of the country is damaged by short sighted, poorly targeted tax breaks. An example being they could have spent the £1-2billion per year that it will cost them to abolish the 45% rate on Northern Powerhouse rail, completing the eastern spur of HS2, or any number of other infrastructure investments that would drive up economic growth. Instead, they're putting £1-2 billion per year into the back pockets of individuals who will simply save it.
 
Come off it, you'd know if you'd ever been in a threatening situation / confrontation, played a tactical game like poker or a computer game against a human opponent, that it's so much more than whether someone says they'll hit you back or not. In fact I'd say that's way down the list of 'can i attack this person and get away with it', depending on the situation you may even be giving the game away by saying you'll retaliate because they may asses that you're bluffing and call your bluff.

Unless you are suggesting that Corbyn was lying your post makes no sense.
 
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?
Not really, we're going to stick a tax on all your future energy bills so we can protect the profits of said energy companies
 
I don't really want to derail this thread, so I think we'll have to agree to disagree.

Nothing remotely good comes from getting rid of or crippling our nuclear weapons with the world in the state it is today, or due to how much we've stuck our neck out and our noses into things in the past. It would be foolish even if you disagree.
 
I'm sorry, you think I'm disgusted with myself? I thought it was quite clear I'm disgusted with the decisions the Conservative government have just taken regarding taxation.

And tax cuts can harm tax payers if the long term economic performance of the country is damaged by short sighted, poorly targeted tax breaks. An example being they could have spent the £1-2billion per year that it will cost them to abolish the 45% rate on Northern Powerhouse rail, completing the eastern spur of HS2, or any number of other infrastructure investments that would drive up economic growth. Instead, they're putting £1-2 billion per year into the back pockets of individuals who will simply save it.

Going back to your previous posts - if the Tories really wanted to make a difference a temporary VAT cut would do much more, though really needs to be combined with other measures to balance the economy.

EDIT: Though in these times I'm not sure companies wouldn't, more than ever, just use it to boost their own profits and pass little on to the consumer in the longer run.
 
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Does the fact that multiple people in this thread, who stand to significantly benefit from these tax changes, are strongly advocating against these changes not give the "tax cuts are awesome, you're just jealous crowd" pause for thought?

Going back to your previous posts - if the Tories really wanted to make a difference a temporary VAT cut would do much more, though really needs to be combined with other measures to balance the economy.
Agreed.
 
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I really can't decipher your point. Only a mad man is going to risk calling a bluff over nuclear weapons (and sadly Putin knows that well).
If you're having trouble decipher my point maybe you should try rereading what i posted, only this time slower, so you can explain what part of my post had you flummoxed.

ROFL, saying only a mad man would use them in the same sentence as mentioning Putin sort of takes away the impact you were perhaps seeking. Also if only a mad man would use them then i guess that means either Corbyn was right to unsure on their use or all previous PM's who've said they would use them are in fact mad.
Unless you are suggesting that Corbyn was lying your post makes no sense.
Lied about what, I'm unsure if you need to work on your comprehension skills. Should i assume you mean lying about not being sure if he'd use nukes? Because you are aware that you can't lie about being unsure, right? That being unsure, something that's neither a positive or negative, neither a 1 or 0, neither i would or wouldn't statement, that when i started because i said I'm unsure if you need to work on your comprehension skills i neither said you do or don't need to work on them.
 
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ROFL, saying only a mad man would use them in the same sentence as mentioning Putin sort of takes away the impact you were perhaps seeking. Also if only a mad man would use them then i guess that means either Corbyn was right to unsure on their use or all previous PM's who've said they would use them are in fact mad.

You are twisting things around there more than a bit. Putin is banking on the West not being mad enough to call his nuclear bluff...
 
You are twisting things around there more than a bit. Putin is banking on the West not being mad enough to call his nuclear bluff...
And why is that? Is it because he said he'd use them or because we've (everyone else with nukes) has assessed his personality, posture, how threatened he feel and any number of other factors over him simply saying he'd use them.

I mean if we went just on what he said we would've gone running with our tails between our legs decades ago.
 
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