Public Sector Borrowing...
- 21 November 2012 15:37202557Public Spending Borrowing worse than expected reducing the Governments deficit targets.
There has been a marked increase of £ 5.9 Billion borrowed in the last quarter.
If only the Tax evaders and avoiders would be `all in it together` and pay their dues to the Treasury...... - 21 November 2012 16:41202573If only the government would get control of spending and cut as they should.
Evaders are breaking the law and should be dealt with. Avoiders are doing what they should do to ensure they only pay what the law says they should.
The people who are losing out are those who through lack of knowledge are not claiming all their tax allowances and pay too much tax. Many pensioners are among them. These people are losing out far more than the government loses out from evasion.
Excessive government spending is the problem alongside a complicated tax system. That is what needs to be targeted. - 21 November 2012 17:40202585you're slipping barry i have read your post through 3 times and there is not one mention of gordon brown.
- Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
21 November 2012 18:45202588or tony blair. - 21 November 2012 20:21202611Howard,have you ever wondered why practically every country in the world is suffering the effects of austerity cuts ?....many
more than us.............is it all because Gordon Brown sold our gold for a few bob less than he should ? - 21 November 2012 20:34202613reg
to be fair barry has altered his ire over the last year or so, was just gordon then moved on to profligate west european governments then more recently politicians in general..
a glance at post 2 suggests that george in his sights now. - 21 November 2012 21:30202618That`s good news if the Brown `illness` is cured.....we may be able to support him with his George `illness`.....because
the Treasury is to raise millions from the rich including a raid on Pension Tax Reliefs and increase stamp duty on mansions..
George will miss his deficit target after.........£ 2.7 Billion......borrowing increase.............Plan ``A``....? - 21 November 2012 21:41202620Your'e right there Howard. It all depends on what conservativehome are saying.
Anyway looks like this bloke has already beaten him too it:
http://www.standard.co.uk/lifestyle/london-life/crispin-odey-david-cameron-is-not-a-leader-doesnt-understand-power-and-doesnt-use-it-8335027.html - 22 November 2012 06:38202630Howard - I am actually very consistent. I have always pointed out the wrongs of big government high spending and high taxing policies whether in the UK or elsewhere.
Reg - you choose to ignore the actual case against the last government and Brown in particular. To trivialise it and to focus on just one of the many idiotic things Brown did shows how blind you are to the economic facts. I have many times listed a significant number of very specific economic miscalculations/mistakes down to him and Balls that led to the UK being in an appalling economic condition at the beginning of the downturn in 2007.
The fact that many European nations made many of the same fundamental errors does not excuse Brown for turning this country's economy into something more resembling Spain, Italy and Greece than Germany. Of course the Eurozone foolishness compounds the problems in Europe for the overspending weak economies and I have always give Brown the credit for keeping us out of the Euro - the only thing he did right.
Ignoring economic facts is all you Labour apologists have as an economic argument. - 22 November 2012 06:45202632I have just had a thought - a good one.
Those of you working in the private sector have had to take pay freezes, pay cuts and reduced working to protect your jobs in the recession. Along with an end to your defined benefit pensions.
You in the public sector have, belatedly, had to have pay freezes and are having their pensions re-aligned, though they are getting on lightly on both counts compared to those in the private sector.
Now for the good news. It seems that those of you on benefits will have to start taking some of the economic strain too. They are saying benefits will be frozen. About time too. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
22 November 2012 06:46202633barryw,i honestly give up with you.blame everybody else apart from the right person. - 22 November 2012 06:55202634The wrong person Brian?
So who was in charge of public spending for 13 years allowing the deficit to rise year after year from 2001 in the part of the economic cycle when it should have been reduced and balanced?
Who was it who set the brief for the Bank of England for inflation that resulted in interest rates being held down too long too low? Hence the private debt and house price bubble.
Who was it who reduced tax free saving allowances which, combined with low interest rates, de-incentivised savings?
Who was it who taxed pension funds and formerly tax free savings also reducing savings incentives and returns?
Who was it who changed the regulatory system to enable the banks to speculate in the USA and elsewhere?
Who spoke out encouraging the banks to go out and take risks?
All of these things contributed to the appalling economic conditions we have now on top of the international factors of the cyclical downturn. Mr 'I banned boom and bust' Gordon Brown was that incompetent fool, advised by 'Balls-up'.
This is what people like Reg choose to ignore - the facts speak for themselves and that is why they cannot be trusted with the economy.
That is why Osborne needs to get a grip and cut spending more and to cut taxes. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
22 November 2012 07:10202637now now barry,why blame gordon brown.when thatcher/major and there chanclors started it in the first place.and as for the eu they are inocent to proven guilty.thatcher/major started to meddle with europe with rebates etc.
as for osbourne dose he know the price of a pint of milk,and as for his maths well an f in that department. - 22 November 2012 07:53202641Brian - Mrs T left power in 1990. She did not make any of those mistakes I highlighted for Brown and it was these all what caused the present problems. Major, of course, should never have signed up to the Maastricht Treaty but that is not a cause of our economic problems. He did join EMU, a big mistake, but it was the lessons learned from that which helped us keep out of the present Euro debacle.
Brown was in charge of the economy for 13 years - no-one but he and his advisers can be blamed for the state of the UK economy as it is now. - 22 November 2012 10:11202657What about Private Sector Brewing?...
Everyone suffers from the escalating tax on beer
"SIR - Has anyone noticed the growing opposition to the annual above-inflation increases of excise duties - the so-called "duty escalators" - that apply to consumer products such as fuel, air travel and beer?
Consumer opposition in the form of e-petitions, cross-party support for a review in the House of Commons and a clear voice from industry, endorsed by independent economists, support the view that these increases are damaging the economy and are a major obstacle to growth, investment and job creation.
Circumstances have changed since such escalator taxes were introduced in 2008: inflation has been higher - affecting the tax rate and raw material costs - and demand much lower than originally envisaged. Consequently tax receipts have fallen well below the Government's estimates.
Duty on beer, for example, has increased by 42 per cent since 2008, with VAT up to 20 per cent on top, and yet tax receipts in September were actually lower than last year. Pubs are closing, jobs are being lost, margins squeezed and investment reduced.
George Osborne, the Chancellor, has stated that the "escalators" will continue to 2014-15. But economic and fiscal policy should be reviewed on an annual basis according to the circumstances of the time, the success of the policy and the health of the sector. If the Chancellor's party is to be re-elected, he will need strong economic growth and a buoyant jobs market. The major industries affected by this tax policy must be a part of that growth. He should also remember that consumers have votes.
Jonathan Neame
Chief Executive, Shepherd Neame
Faversham, Kent "
http://www.telegraph.co.uk/comment/letters/9693989/Leaders-of-bad-MPs.htmlIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
22 November 2012 13:56202683barry,did you cheak her handbag,laptop memory etc,etc. - 22 November 2012 17:37202717Britain's `missing`millions......counting the true cost of Tax Avoidance.
This is a painful subtext to yesterdays Public Spending Borrowing figures while most of us are paying more tax,many big
companies are paying less,it leaves Osborne no option but to adapt his plans.
Britain's deficit is more intractable than ever...........