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

[Freakbro]

We've all lived through it, unless your eyes were closed you can't deny Conservatives inherited a country in ruins from Labour.

Because of the global financial crises.....it didn't matter who was holding the ball when the music stopped on that one.

Yes, people can argue with Keynesian economics we should have been more prudent in the good times, but my point is the Tories supported New Labours spending and wanted to go further, so the country would still have been in a complete mess once the world crashed and all the liquidity dried up

 

[dowie]

So? That's a different issue to the one thenewoc is talking about, the US is still very attractive for companies to want to go to and do business in

these are US companies - it isn't very attractive for them to repatriate the profits which is kind of the important thing here else you've not got anything to tax in the first place!

my previous employer had an entity registered in Luxembourg - thanks to Mr Junker's policies re: tax

sure they were happy to essentially have their main office here and employ people here but were also seemingly happier with Luxembourg's tax arrangements - thus the earlier comments about scrapping employer's NI and switching to corporation tax wouldn't have worked very well... if anything it is corporation tax that ought to be lowered

 

[mrbios]

The working class will still foot the bill, just in terms of increased prices or reduced wages, if Labour did manage to extract money by raising tax rates (which is far from certain anyway)

People talk about reduced wages as if companies getting tax breaks actually give those back to their employees. The only people that benefit, are those at the top.

Meanwhile everyone in the public sector gets absolutely shafted by the selfish few. Even if the working man did get benefits from companies tax breaks, where do public sector workers benefit from this? There's no business to filter the money down to them, there's no financial benefit to the schools and hospitals they work in. 7 years of either 0% or 1% pay increases, meanwhile corporations avoid £20bn in tax and politicians give themselves an 11% pay rise. I'm not after 100% communistic equality, but the system under the tories is so unfair it's down right cruel. A vote for tory, is a vote to protect the rich getting more rich off the back of the working man. A vote for labour will leave the rich still rich, just with them giving a little more back...of which they can all afford.

 

[Greebo]

https://twitter.com/theresa_may/status/865855578454806529



/gulp

So there is hope then?

 

[thenewoc]

Because of the global financial crises.....it didn't matter who was holding the ball when the music stopped on that one.

Yes, people can argue with Keynesian economics we should have been more prudent in the good times, but my point is the Tories supported New Labours spending and wanted to go further, so the country would still have been in a complete mess once the world crashed and all the liquidity dried up

At the end of the day Labour's score on economics is U and too much of a risk to put them in a position to borrow and spend all over again.

 

[thenewoc]

these are US companies - it isn't very attractive for them to repatriate the profits which is kind of the important thing here else you've not got anything to tax in the first place!

my previous employer had an entity registered in Luxembourg - thanks to Mr Junker's policies re: tax

sure they were happy to essentially have their main office here and employ people here but were also seemingly happier with Luxembourg's tax arrangements - thus the earlier comments about scrapping employer's NI and switching to corporation tax wouldn't have worked very well... if anything it is corporation tax that ought to be lowered

With Trump wanting to make it more attractive for businesses to return overseas operations to the homeland, we have a greater need to make ourselves an attractive place to do business too.

 

[Greebo]

Except lower corporation tax attracts more business here and creates more jobs rather than pushing them abroad.

And we already have one of the lowest corporation tax in the developed world and the Govt plan to lower it further. Germany and France have double the rate of corporation tax yet they dont seem to struggle getting companies to go there? Why's that then?

All a bargaan basement corporation tax gets is you become a tax haven for companies to base themselves here and employ the fewest people on the lowest wages.

 

[Freakbro]

At the end of the day Labour's score on economics is U and too much of a risk to put them in a position to borrow and spend all over again.

But the Tories have kicked the can of balancing the budget down the road again, now until 2025....so their policy is borrow and spend as well

 

[Caged]

At the end of the day Labour's score on economics is U and too much of a risk to put them in a position to borrow and spend all over again.

Is it? Says who?

 

[Freakbro]

With Trump wanting to make it more attractive for businesses to return overseas operations to the homeland, we have a greater need to make ourselves an attractive place to do business too.

That's not what he is doing at all, he is trying to bully companies into setting up more business in the US eg: large tariffs on products they manufacture outside the US (protectionism)

What you probably mean is the one off 10% rate on repatriated profits he has mentioned.

Well, that has been done before and it didn't really work then as all the money, instead of being investing to create more jobs and growth, just went out in share options and dividends....so the people at the top got it all again

 

[Greebo]

Is it? Says who?

The Tories. Their manifesto isnt fully funded and even the social care change means they spend the money now and only get it back in 5/10 years time. Thats why they have had to put the deficit reduced to zero back to 2025 and even then it doesnt include all the negatives from their manifesto so you may as well make that 2045.

 

[Caged]

The Tories. Their manifesto isnt fully funded and even the social care change means they spend the money now and only get it back in 5/10 years time. Thats why they have had to put the deficit reduced to zero back to 2025 and even then it doesnt include all the negatives from their manifesto so you may as well make that 2045.

Sorry, thread moved too quickly and I forgot to use the quote option. I was asking for justification of the "Labour are bad economically (whereas the Tories are a safe pair of hands)" truism.

 

[thenewoc]

And we already have one of the lowest corporation tax in the developed world and the Govt plan to lower it further. Germany and France have double the rate of corporation tax yet they dont seem to struggle getting companies to go there? Why's that then?

All a bargaan basement corporation tax gets is you become a tax haven for companies to base themselves here and employ the fewest people on the lowest wages.

Welcome to the post industrial era. I don't think France is doing that well, Germany on the other hand benefits from a low value Euro to export a lot.

 

[thenewoc]

That's not what he is doing at all, he is trying to bully companies into setting up more business in the US eg: large tariffs on products they manufacture outside the US (protectionism)

What you probably mean is the one off 10% rate on repatriated profits he has mentioned.

Well, that has been done before and it didn't really work then as all the money, instead of being investing to create more jobs and growth, just went out in share options and dividends....so the people at the top got it all again

That's what I said, he's making it more attractive to do business at home.

 

[Freakbro]

That's what I said, he's making it more attractive to do business at home.

By threatening Corporations with Protectionism.....hmmm

You do realise we are just about to try and start making Trade Deals with the rest of the world, I'm not sure how bullying and protectionism is going to make us more attractive to deal with

But anyway, Trump has U-Turned on all that anyway, and announced he is Globalist (we'll have to wait and see what he is next week )

 

[Caged]

Didn't he say he was in fact both a globalist and a nationalist

 

[Vonhelmet]

Jesus Christ how much water are you using? Most people lower their bills on meters, not triple them.

Eh, maybe it wasn't that much, but this is a semi detached house of four and it was a marked increase.

 

[Tunney]

The working class will still foot the bill, just in terms of increased prices or reduced wages, if Labour did manage to extract money by raising tax rates (which is far from certain anyway)

Have wages risen and prices fallen since the corporation tax rate was cut? Is there any clear evidence of that?

Remember that corporation tax is a tax on profits. Companies have already met their expenses by the time they pay it.

Labour's proposed reversal still puts it below any time under Thatcher's government.

that isn't exactly a great example given all the big US corporations keeping tax offshore until they lower that rate

The US has some pretty unique tax laws when it comes to income earned abroad (both corporate and personal). We wouldn't be taxing such money coming into the country.

 

[Greebo]

Have wages risen and prices fallen since the corporation tax rate was cut? Is there any clear evidence of that?

Remember that corporation tax is a tax on profits. Companies have already met their expenses by the time they pay it.

Labour's proposed reversal still puts it below any time under Thatcher's government.
.

Its great for shareholders though. Perhaps that goes someway to explain why the richest few percent in this country have got richer? Perhaps there is a direct correlation to falling corporation tax rates? Whereas during the same time, real wages for the rest of the country has fallen whereas our european neighbors, wages have risen. I find it quite sad that the only country with worse net wages growth is Greece.

If the Tory policy of super low corporation benefited the workers in the UK we would not have such appalling wage growth.

 

[Kenai]

Eh, maybe it wasn't that much, but this is a semi detached house of four and it was a marked increase.

Still, even when I was back at my parents with 5 adults there, they were saving with a meter. You really have to be using a lot of water to pay more on a meter.

If you're all taking baths every day, watering the garden, hosing down a fleet of cars etc. then you'll probably be worse off but it's rare for most people with normal household usage to be worse off.

As for subsidy, water companies aren't government subsidised.