National insurance cut

[SpellowHouse]

I just don't understand the conservatives any more.

They have decimated public services in this country. That includes the important stuff like police and defence, that are chronically underfunded now. And yet they plan on more cuts. This just smacks of financial incompetence and a short term measure to win the support of the right of the party (who don't believe in any public services), and the voters who only think about their income (and who don't care what Putin is up to!). It just is incredibly short sighted, but then that sums up the conservatives over the past thirteen years.
I think the biggest problem I have with the conservatives is they don't share with us their "master plan". Where is all this going? The NHS is to be scrapped? There will be no public services? We hire private policemen? We generate our own power? We drill for water in our back garden? We buy our own rocket launchers should Putin invade? I mean this is nuts. Where is it going?
The truth of the matter is that successive governments especially over the last 13 years, have run this country in to the ground. It is truly concerning and it's no wonder the public have lost faith in politicians. They spend billions and achieve very little.
If conservatives get in again, and I am able to, then I would leave this dumpster-fire of a country and go somewhere better. I don't think I could take more years of their lies and total lack of consideration for anyone except themselves. I mean, I used to vote for this party, but now, they are a disgrace...

 

[SpellowHouse]

Why do you want to make the UK worse? Tax haven for companies that aren't even here, pay even less taxes so there's even less in the coffers for the average joe, etc etc.

What, I think, many people don't realise is that most politicians are companies. So they pay company tax not normal income tax. Which kinda explains why reductions in company tax as so popular with the conservatives. As companies, they pay reduced tax, but they do also pay NI. So this is yet another money increase for the politicians.

 

[kissenger]

What a load of total rubbish. The financial crisis started in America, and the New Labour government ran lower deficits than Thatcher did. And the only reason we're "still recovering from [it] nearly two decades later" is because of the absolute and total economic incompetence of the governments we've been saddled with since.

Doesn't matter where it started. Most financial crises are international in origin. Fact is the failed to see it coming, and were running big deficits when it came. They inherited a surplus from the outgoing Conservative government too. You're right about the incompetence recently though.

 

[tonys]

I just don't understand the conservatives any more.

They have decimated public services in this country. That includes the important stuff like police and defence, that are chronically underfunded now. And yet they plan on more cuts. This just smacks of financial incompetence and a short term measure to win the support of the right of the party (who don't believe in any public services), and the voters who only think about their income (and who don't care what Putin is up to!). It just is incredibly short sighted, but then that sums up the conservatives over the past thirteen years.
I think the biggest problem I have with the conservatives is they don't share with us their "master plan". Where is all this going? The NHS is to be scrapped? There will be no public services? We hire private policemen? We generate our own power? We drill for water in our back garden? We buy our own rocket launchers should Putin invade? I mean this is nuts. Where is it going?
The truth of the matter is that successive governments especially over the last 13 years, have run this country in to the ground. It is truly concerning and it's no wonder the public have lost faith in politicians. They spend billions and achieve very little.
If conservatives get in again, and I am able to, then I would leave this dumpster-fire of a country and go somewhere better. I don't think I could take more years of their lies and total lack of consideration for anyone except themselves. I mean, I used to vote for this party, but now, they are a disgrace...

I doubt that most here would agree with everything you have said, but do you think that the Labour Party would do much better?

 

[tonys]

Doesn't matter where it started. Most financial crises are international in origin. Fact is the failed to see it coming, and were running big deficits when it came. They inherited a surplus from the outgoing Conservative government too. You're right about the incompetence recently though.

I pointed out some of this out in another forum but I didn't provide a complex explanation so wasn't taken seriously

 

[glenimp617]

HS2 still leaves a nasty taste in my mouth. You can blame both labour and conservatives for it.

I honestly don't know who to vote for.

 

[Mr Jack]

Fact is the failed to see it coming, and were running big deficits when it came. They inherited a surplus from the outgoing Conservative government too.

They didn't see it coming, that is true - although I don't recall anyone else seeing it coming either - but they neither inherited a surplus nor ran big deficits. They were actually running lower deficits than was run throughout most of the previous Tory administration:

(Also, note how hilariously wrong those forecasts were!)

 

[One More Solo]

Switzerland, Lichtenstein, Luxembourg, Monaco and the Bahamas do very well out of it.

Last time I checked they are on the same world as us.

The direction of travel is for a global tax system so it is only a matter of time before tax havens become a thing of the past.

 

[tonys]

HS2 still leaves a nasty taste in my mouth. You can blame both labour and conservatives for it.

I honestly don't know who to vote for.

It was like most large projects, great in theory but not thought through, costed but nowhere near realistic figures, started but not continued at an appropriate rate because of unforseen difficulties which if they had done proper investigation would probably have shown them up and having a debate at every decision. No wonder it's a fiasco, other countries have done it so why can we?

 

[tonys]

The direction of travel is for a global tax system so it is only a matter of time before tax havens become a thing of the past.

We'll be going back to burying all our gold.

 

[CapitalOne]

Switzerland, Lichtenstein, Luxembourg, Monaco and the Bahamas do very well out of it.

Last time I checked they are on the same world as us.

I presume you know all about trusts, offshore structures and how we do all of that already?
I presume you also know the difference betweem BVI, Monaco, Lux (EU) and the Bahamas and the UK (size, population, taxation, golden passports)? The Swiss are stopping it btw.
I also presume you know that the exchequers get very little out of it bar company registration fees and a large accountancy sector?
Finally, I presume you know the amount of money that is here on the basis we are not like that so you can prove we'd be better off?

 

[JUMPURS]

I don't really understand the point in this cut. I mean interest rates are high due to inflation because there is/was deemed too much money circulating so to take money out they are supposed to encourage saving, but really just kill people with mortgage rates being high.
Wont this cut negate some of the effects of the interest rates being high as more money will be in the economy again? So the BoE will increase rates again to negate this and the banks will be loving it?

Or am i missing something?

 

[CapitalOne]

I don't really understand the point in this cut. I mean interest rates are high due to inflation because there is/was deemed too much money circulating so to take money out they are supposed to encourage saving, but really just kill people with mortgage rates being high.
Wont this cut negate some of the effects of the interest rates being high as more money will be in the economy again? So the BoE will increase rates again to negate this and the banks will be loving it?

Or am i missing something?

That's correct if it was on it's own, but for most people it's "less less" than they would have without the cut, rather than any flavour of "more".

 

[tonys]

The direction of travel is for a global tax system so it is only a matter of time before tax havens become a thing of the past.

It maybe going that way but you have to have some ideas on getting the economy going. That was just one idea that may or may not be a workable solution, who's to know?

 

[tangey]

I don't really understand the point in this cut. I mean interest rates are high due to inflation because there is/was deemed too much money circulating so to take money out they are supposed to encourage saving, but really just kill people with mortgage rates being high.
Wont this cut negate some of the effects of the interest rates being high as more money will be in the economy again? So the BoE will increase rates again to negate this and the banks will be loving it?

Or am i missing something?

With OBR projecting inflation to be 2% within a few months (that'll be quite a dramatic fall the last year), I guess he's concluded that the main inflationary contributors are going away, and this, in relative terms, modest extra money won't make a difference compared to the big falls in energy costs etc.

 

[tonys]

That's correct if it was on it's own, but for most people it's "less less" than they would have without the cut, rather than any flavour of "more".

I couldn't have put it any simpler, good explanation

 

[tonys]

With OBR projecting inflation to be 2% within a few months (that'll be quite a dramatic fall the last year), I guess he's concluded that the main inflationary contributors are going away, and this, in relative terms, modest extra money won't make a difference compared to the big falls in energy costs etc.

It may mean that but in essence I see it as "look at what we've given you" but fail to say that they have done it to put the next government (Labour probably) so they would be peddling up hill from the start.

 

[JUMPURS]

With OBR projecting inflation to be 2% within a few months (that'll be quite a dramatic fall the last year), I guess he's concluded that the main inflationary contributors are going away, and this, in relative terms, modest extra money won't make a difference compared to the big falls in energy costs etc.

Surely the best would be to let the BoE reduce interest rates and therefore people would probably get more money in their pocket and that 2% could be used for what was originally intended and sort out social care.

 

[tonys]

Surely the best would be to let the BoE reduce interest rates and therefore people would probably get more money in their pocket and that 2% could be used for what was originally intended and sort out social care.

The Bank of England is supposed to be independent of the government so cannot be told to put up or lower rates.

 

[JUMPURS]

The Bank of England is supposed to be independent of the government so cannot be told to put up or lower rates.

I know, i didn't say the Gov should tell them too, but if OBR projections are right and justify Hunt's NI cut, then it would naturally come down and be better for the public. But that's not something the gov can take credit for in an election year.