Don't they need us more than we need them?
2022 mini-budget discussion
- Thread starter Harlequin
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Don't they need us more than we need them?
Deleted User 298457
Deleted User 298457
Na, not at all. If the Germans build the relationships over several years and we lose key talent, it'll be felt by everyone. It's not like we know how to do much else anymore - and hand made cars only makes a fiver.
Can't we start building Rover cars again? That'll learn the Germans.
Soldato
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Buy back mini?
As a salary it’s above the national average and well above the minimum wage. And hereabouts it’s enough to get a mortgage to buy a flat.
Wait… You think someone could afford a flat on the minimum wage? Where do you live?
According to the BBC someone on £20k gets an extra £167, or 0.8% and someone on £200k gets an extra £5k, or 0.25%.
I’ve said it before, but I care more for helping the poor be not poor than any benefit to the rich. What happens to the 90% is far more important to me than what happens to the 1%.
Looking at the BBC I see that a 1% tax cut is being brought forward and a 1.25% increase in National Insurance is being cancelled. These will benefit the poor considerably. The stamp duty threshold is being raised both for repeat buyers and for first time buyers; this will help those getting onto the property ladder, the aspirational voters. And then there’s cancelling the 45% rate. I wonder if, paradoxically, the BBC are hyping the last so much because it affects so many of them?
I’ve said it before, but I care more for helping the poor be not poor than any benefit to the rich. What happens to the 90% is far more important to me than what happens to the 1%.
Looking at the BBC I see that a 1% tax cut is being brought forward and a 1.25% increase in National Insurance is being cancelled. These will benefit the poor considerably. The stamp duty threshold is being raised both for repeat buyers and for first time buyers; this will help those getting onto the property ladder, the aspirational voters. And then there’s cancelling the 45% rate. I wonder if, paradoxically, the BBC are hyping the last so much because it affects so many of them?
Soldato
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No it's nowhere near above the national average
You see where it says UK average and £31,285.... in what world is £27,500 better than £32,285 ? And in what world can £27,500 get you a mortgage in the UK
As a percentage of net earnings it's around 0.95% and 4.5%.
Soldato
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1% of very little is still very little
You seem to be very out of touch with reality like most Tory voters
It really is ridiculous. Quick calculator on the sky news site reckons I'll be ~£60/month better off under the new tax bands. While I'm obviously not going to say no, I don't really need that. For someone on min. wage on the other hand, that's potentially a week's meals for the family, and instead they get a pitiful £14
IMO they should increase the 20% threshold to ~£20k (e.g. 40hrs/week at minimum wage) and adjust all the other bands from that, so someone on "average" salary ends up paying the same as now, those below pay less, those above pay more. That way the people who need the help the most actually benefit the most too.
That could get you a 3 bed house around here (assuming mortgage at 4x salary and 10% deposit)
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Soldato
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Sure, anyone earning ahem north of 150k paye makes the most savings from that 45% cut. Checking for a friend
You all end up poorer, the impact is greater for the average worker more than what you all think.
The economy is being trashed, they are trying to keep the skilled workers from leaving the UK.
It not going to work, everything has been trashed in the UK.
The direction we are heading is minimal welfare state. No NHS no welfare to support workers no, the economy going to take a massive dip, the gap between rich and poor will grow in tandem to the dip.
You are going to pay taxes but there will be no return.
The economy is being trashed, they are trying to keep the skilled workers from leaving the UK.
It not going to work, everything has been trashed in the UK.
The direction we are heading is minimal welfare state. No NHS no welfare to support workers no, the economy going to take a massive dip, the gap between rich and poor will grow in tandem to the dip.
You are going to pay taxes but there will be no return.
The average wage may not be the real average, and the true average UK wage is lower.It really is ridiculous. Quick calculator on the sky news site reckons I'll be ~£60/month better off under the new tax bands. While I'm obviously not going to say no, I don't really need that. For someone on min. wage on the other hand, that's potentially a week's meals for the family, and instead they get a pitiful £14
IMO they should increase the 20% threshold to ~£20k (e.g. 40hrs/week at minimum wage) and adjust all the other bands from that, so someone on "average" salary ends up paying the same as now, those below pay less, those above pay more. That way the people who need the help the most actually benefit the most too.
That could get you a 3 bed house around here (assuming mortgage at 4x salary and 10% deposit)
100 25 25 25 25 is 200k. The average wage is 40k. Take out the high earner and it 25k. You can see how it works.
Also interest rates have gone up 150%..
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Soldato
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You’re not wong
Oh those fiscals have been rect all right.
I still think people will think “but labour” and vote tory at the next GE. As a life long tory how will you vote? Frankly if you just thought “none of your business”, then the answer is obvious.
If it fails the interests rates will hit 15%. Biggest bust in history will hit the uk.
Tell me where hes wrong.
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Not really, it makes UK companies ripe for takeovers and asset stripping though.
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