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Replies in this thread : 20
Author |
Topic : Iminent VAT rise |
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| Bob T |
Just heard on breakfast time about an iminent VAT rise ,whats all this about ,it wasnt in either Eric or Ernies (morcambe and wise) (Cameron and Cleggs)manifesto,its taken less than aweek for the pair of con men to dupe the country ,could this be just the start ,again please someone show me or tell me where this rise was stated, to be honest they got my vote this time but i feel SHAFTED |
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| Peter |
this post has been edited 1 time(s) Bob T, I saw the breakfast time piece about VAT and it was just media speculation. It went along the lines of "we're in deep dodo where do we get the money from? ... well an easy way is to put up VAT, which by the way isn't as high as in Europe" BUT... there wasn't a politician in sight and although it may be an easy way to raise revenue (and stop everyone from spending any money, which would be self defeating) it is not going to happen yet and has not been proposed. PS Here is the full text of the coalition agreement reached by the Conservatives and the Liberal Democrats: news.bbc.co.uk/1/hi/uk_politics/election_2010/8677933.stm |
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| old_miner |
Anyone who has not expected VAT to go up to 20% sometime soon must have been living on a different planet. It was the most obvious thing not said during the election. It went from 15% to 17.5% to pay for the poll tax fiasco so why not 17.5% to 20% to pay for the bank fiasco. Of course it could go down to 8% as it was when it started. Of course income tax basic rate would have to go up to 33p, as it was then. Raising VAT is a regressive tax as it hurts the poor more than the rich. Income tax is a progressive tax as the rich pay more. Unfortunately most people, especially the poor, are to thick to understand that so VAT goes up rather than income tax and everybody is happy. |
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| ted |
it was inevitable bob but sadly too many of you were reeled in by camerons 'im a superhero' waffle. |
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| gazzer |
Unfortunately Brown didnt regulate the banks and now WE have to pay for it. Everyone except Brown knew the banks were lending too much money to people who could not afford to pay it back. We can not turn the clock back but lets just hope politicians dont make the same mistake again. |
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| grandson |
The problem is the previous government spent more money than what was available etc. Thus the huge deficet (gap between how much money the government get and how much is spent) then there are the loans they took out. If this government doesn't act fast to raise taxes and make cuts paying off the debt and lowering the defecit bad things WILL HAPPEN! One of these bad things is the currency turning to absolute turd, prices will rocket, VAT will be irrelevant! |
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| robin |
A cartoon in Wednesday's Metro showed a Decorator standing outside the door of No.10, being told they wanted Conservative blue, with a Yellow door mat. A v.a.t increase will be only the start, how many remember 15% mortgage rates? |
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| grandson |
this post has been edited 1 time(s) The strategy is to lower the debt without frightening people so that they stop spending. It's by far not an easy job to do and the days of the government borrowing more than it can pay back are over. Now we get to pay for all that money they gave out! |
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| tolpuddle |
I have never understood why VAT has to be the same all round. Why not 50% on useless stuff like jewellery and 10% on clothes, 20% on TVs, 30% on cameras. Also crap foods like sweets and fizzy drinks could have VAT. Or maybe adjusting VAT to the cost, so under £100 10%, 100.01 to 1000 20%, 1000.01 to 10 000 25% and 10 000,01 and over 30%. |
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| bobber |
quoteI have never understood why VAT has to be the same all round. Why not 50% on useless stuff like jewellery and 10% on clothes, 20% on TVs, 30% on cameras. Also crap foods like sweets and fizzy drinks could have VAT. Or maybe adjusting VAT to the cost, so under £100 10%, 100.01 to 1000 20%, 1000.01 to 10 000 25% and 10 000,01 and over 30%. interesting take on that pal.although i've a feeling my packet of fags might just double using that maxim! |
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| Grianan |
Hi Interesting comment re different rates of VAT. In its early days (in the 70s) there was once a dual rate of 8% with 12% for electrical items/services (not to mention the zero rated stuff) Am not sure now about the rationale for the dual rate but as the admin support/book keeper for an albeit small family business at the time I did find it to be a bit tedious and the temptation to avoid it alltogether by doing cash only back pocket jobs was significant.  I don't have such responsibilities now so wouldn't have the same problems with different rates but do wonder about the bureacracy that such a system might involve and whether it would be worth it. |
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| Tom Day |
quoteJust heard on breakfast time about an iminent VAT rise ,whats all this about ,it wasnt in either Eric or Ernies (morcambe and wise) (Cameron and Cleggs)manifesto,its taken less than aweek for the pair of con men to dupe the country ,could this be just the start ,again please someone show me or tell me where this rise was stated, to be honest they got my vote this time but i feel SHAFTED we |
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| localman |
Labour spent all the money like drunken men do, we all now have to get it back and get the country back on track things will be hard and with a bit of luck we will never see an other Labour goverment for at least 20 years. |
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| tolpuddle |
I thought all the Tory supporting banks lost the money and had to be bailed out by the Labour government who in the great British tradition got no thanks for doing a great job. |
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| carliol |
the value of the government money( our money I should say) spent on buying the shares of RBS and Lloyds TSB have made a paper profit so far of £7 billion pounds for the taxpayer, so you can't blame the banks for everything! That's old Labour stuff I'm afraid. They have had their day for now, Brown has gone at last thankfully, and let the new lot have a go....but it will be painful to clear up the mess left behind. |
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| localman |
banks were not bailed out by the labour goverment they were bailed out by the british people it was our money not labour money, new labour old labour just a bunch ex students pretending to be working class re note left by labour THERE'S NO MONEY LEFT just sums them up to a tee. |
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| tolpuddle |
We were bailed out by the government of the day, which happened to be Labour. If the Conservatives had been in power they would have had to bail the system out. (In the dream world of opposition one can say what one likes - now they are in powere bet actions don't retoric too closely) |
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| gazzer |
quoteWe were bailed out by the government of the day, which happened to be Labour. If the Conservatives had been in power they would have had to bail the system out. (In the dream world of opposition one can say what one likes - now they are in powere bet actions don't retoric too closely) In the dream world of No11 Brown promised us no more boom and bust!!! |
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| gazzer |
Well you were right Bob its happened. The most important budget in my lifetime and I see the man who caused the problem, Gordon Brown, was far away in Scotland.Coward. I see that most government spending will be cut but I did not hear any mention that our Governments contribution to the EU will be cut. |
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| carliol |
The only thing about EU was that we would not be joining the euro in the next 5 years, so that's something. You are right about Gordon Brown, but he's taken his ball home, and is still sulking...sad man. |
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| Tom Day |
quoteJust heard on breakfast time about an iminent VAT rise ,whats all this about ,it wasnt in either Eric or Ernies (morcambe and wise) (Cameron and Cleggs)manifesto,its taken less than aweek for the pair of con men to dupe the country ,could this be just the start ,again please someone show me or tell me where this rise was stated, to be honest they got my vote this time but i feel SHAFTED Yup, I've looked too. No mention of it but not a suprise. The conservatives .... |
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| Replies in this thread : 20 |
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events sale / wanted general have your say looking for.. skippy greengrass |
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