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UK politics - Hamsterwheel

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UK politics - Hamsterwheel

Old 22nd May 2017, 17:46
  #9401 (permalink)  
 
Join Date: May 2011
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Talking of government debt, who knew that in 2008 the UK National Debt was a staggering 500 Billion? An amazing sum of money to be owing. But then that has been dwarfed by the current (FY 2017) level of approx 1.7 Trillion! Isn't "Austerity" wonderful?
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Old 22nd May 2017, 17:51
  #9402 (permalink)  
 
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Originally Posted by charliegolf View Post
The lady is apparently, for turning then!

General election: Theresa May changes social care plans - BBC News

CG
Just to re-iterate what has already been posted. NOTHING has changed on social care for the elderly except that one gets to keep at least 100k. And it seems there's now a cap on what local authorities can charge. The current fuss has merely drawn attention to it and made people realise what the state of play actually is.

My mother passed away in 2006. The last few months of her life were in a care home and paid for out of her estate (my and my sister's inheritance). It was only three months but since she was 88 at the time it could have gone on for many years had she not had a fall in that care home and been taken into hospital. It was downhill all the way after she went in. Had she lived in that care home for more than 7 years there would have been nothing left.

Re NI: The State Pension is the biggest Ponzi scheme in Christendom and people REALLY ought to understand that. If it were the brain-child of a private company the directors would be banged up quicker than you could say Bernie Madoff.
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Old 22nd May 2017, 18:56
  #9403 (permalink)  
 
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Originally Posted by KelvinD View Post
Talking of government debt, who knew that in 2008 the UK National Debt was a staggering 500 Billion? An amazing sum of money to be owing. But then that has been dwarfed by the current (FY 2017) level of approx 1.7 Trillion! Isn't "Austerity" wonderful?
It hit 1tn by 2011 as Labour left their famous note after their scorched earth policy. Thereafter, the interest payments hit 54bn a year which is why we needed austerity, to service the debt.
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Old 22nd May 2017, 19:22
  #9404 (permalink)  
 
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And it seems there's now a cap on what local authorities can charge.
There is no interview evidence (and she's been on a skewer all day) to suggest that's what she meant by, 'absolute cap'. Indeed, simply saying that, should it be true, would have seen her wriggle free of the skewer. Not once did she...

CG
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Old 22nd May 2017, 19:27
  #9405 (permalink)  
 
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I know but she's said it so something will have to out.
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Old 22nd May 2017, 19:34
  #9406 (permalink)  
 
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Just been watching Channel 4 News (22nd May), they reported on the latest ITV Poll that shows a 20% swing down in support for the Conservatives in Wales. The report stated that on the day the election was called Theresa May & Co had a 10 point lead on Labour in the Principality, according to this poll, they now trail by 10.

Poll shows Labour reclaiming lead in Wales | Wales - ITV News

JAS
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Old 22nd May 2017, 19:42
  #9407 (permalink)  
 
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Originally Posted by Gertrude the Wombat View Post
Doesn't bother me, our rental property is paid for and we're too old to get another mortgage.

Putting the property in a company is fine as long as you never want to sell it, as the company has no CGT allowance. Some complicated sums to do, I suspect.
Sell the company not the property................ lots of ways to work that through it.
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Old 22nd May 2017, 19:53
  #9408 (permalink)  
 
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Originally Posted by charliegolf View Post
I'd prefer it if she were strong and stable! And do you really think she's u-turning for 'us'? Blimey!

CG
Interesting that where I was today the people are pretty much dyed in the wool Tory, they say so as well and indicated they only vote Tory, complete confusion now with half objecting and indicating not going to vote.

After the "supposed clarifciation" the response was that what should we believe now as seems they just making it up. What else are they going to change in their manifesto.
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Old 22nd May 2017, 19:54
  #9409 (permalink)  
 
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Originally Posted by Groundbased View Post
And it's a convenient way for them to extract money from Employers as well.
Employers national insurance ultimately comes from the employee just as employees NI does. We just aren't supposed to notice.
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Old 22nd May 2017, 19:56
  #9410 (permalink)  
 
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Originally Posted by Trossie View Post
That was the Labour government.

.
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So why are RAF and other UK forces doing in Libya, Syria, Yemen.................
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Old 22nd May 2017, 19:58
  #9411 (permalink)  
 
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Originally Posted by KelvinD View Post
Talking of government debt, who knew that in 2008 the UK National Debt was a staggering 500 Billion? An amazing sum of money to be owing. But then that has been dwarfed by the current (FY 2017) level of approx 1.7 Trillion! Isn't "Austerity" wonderful?

How can that be because Conservatives are party of Financial prudence............ are they not ?
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Old 22nd May 2017, 20:01
  #9412 (permalink)  
 
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Originally Posted by Dr Jekyll View Post
Employers national insurance ultimately comes from the employee just as employees NI does. We just aren't supposed to notice.
Nope it doens't, it comes from the employer, just adds to employer costs just like the workplace pension etc.

It is a stealth tax as only employers complain when it goes up and nobody listens to them.
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Old 22nd May 2017, 20:13
  #9413 (permalink)  
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The point being made is that that the wages are just adjusted accordingly. All the costs of employing someone is summed, pensions, HR and support, IR, Income tax, wages - and what can be cut is to keep the costs against value added by the employee is cut - which is invariably the wage. That or unemployment...


Changing subject - this is genuinely the press turnout at the Green Party manifesto launch today...

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Old 22nd May 2017, 20:27
  #9414 (permalink)  
 
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Originally Posted by racedo View Post
How can that be because Conservatives are party of Financial prudence............ are they not ?
Another one that chose to ignore that Labour doubled the national debt in its last 2 years of government, thereby putting an end to boom and bust.
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Old 22nd May 2017, 20:55
  #9415 (permalink)  
 
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Originally Posted by racedo View Post
Nope it doens't, it comes from the employer, just adds to employer costs just like the workplace pension etc.

It is a stealth tax as only employers complain when it goes up and nobody listens to them.
Nope, as ORAC said above, it is a factor in employment costs which is taken into account when wages are set/bargained for with the net result that the wage is lower.

The other trick that everyone falls for is believing that Corporation Tax is paid by companies. It isn't. It cuts a company's profit therefore it is factored in when prices are set so the people who pay it indirectly are consumers. ALL taxes eventually fall on the man or woman in the street.
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Old 22nd May 2017, 23:18
  #9416 (permalink)  
 
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Originally Posted by Wingswinger View Post
Nope, as ORAC said above, it is a factor in employment costs which is taken into account when wages are set/bargained for with the net result that the wage is lower.
Nope

Not a single place I have ever been has used Nat Ins increases as a justification for lower wage rises.

As been involved in the setting of wage increase it just isn't a factor, it is just accepted as another tax that Govt imposing just like Min wage increases that you can do bugger all about.

Try tellling employees that the 2% pay rise is now 0.5% because Govt has increased Eers Nat Ins and watch the response.


The other trick that everyone falls for is believing that Corporation Tax is paid by companies. It isn't. It cuts a company's profit therefore it is factored in when prices are set so the people who pay it indirectly are consumers. ALL taxes eventually fall on the man or woman in the street.
What a load of crap.

CT is paid 21 months after a Companys year starts.......... 9 months after it ends.

Nobody sets a price based on what CT is, they set a price to make a profit. Frankly the Sales Directors and Account Managers have zero idea of what CT a company will pay in the future, hell the Finance Director doesn't know until the year end has happened. In many cases if it hasn't made a profit the FD is no longer around anyway.

On many occasions Govt decisions impact on their ability to make a profit and factors like Commodity prices / For Ex rates / Reatailers willingness to accept a price increase or demand a 13 week minimum notification from agreement is what impacts whether it makes a profit.

Companys own capital investment decisions in a year reduce Corporation Tax and have more of an impact.
I
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Old 22nd May 2017, 23:22
  #9417 (permalink)  
 
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So let me get this right. If my employers didn't have to pay NI, they would increase my wage by the same amount?
If Corporation Tax was abolished, the sum would be divided up amongst the employees?

Yeah right!
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Old 22nd May 2017, 23:50
  #9418 (permalink)  
 
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How can that be because Conservatives are party of Financial prudence............ are they not ?
Not in my book, they aren't.
It hit 1tn by 2011 as Labour left their famous note
Didn't the government change to Cameron's lot in 2010?
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Old 23rd May 2017, 01:03
  #9419 (permalink)  
 
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Originally Posted by TURIN View Post
So let me get this right. If my employers didn't have to pay NI, they would increase my wage by the same amount?
If Corporation Tax was abolished, the sum would be divided up amongst the employees?

Yeah right!
The point with Corporation Tax is that the incidence of that tax falls not on the company but on the shareholders and staff. All increasing CT does is reduce returns to individuals, be they shareholders or staff.
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Old 23rd May 2017, 02:50
  #9420 (permalink)  
 
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Frankly the Sales Directors and Account Managers have zero idea of what CT a company will pay in the future, hell the Finance Director doesn't know until the year end has happened. In many cases if it hasn't made a profit the FD is no longer around anyway.
Frankly, if the CFO of a company isn't monitoring financial performance and actively tax planning, he/she would deserve to go. Tax liability would be calculated to the last cent as they go. Just because the company doesn't need to lodge the return does NOT mean they don't know the after tax profit on the spot at any time
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