forest of dean redneck 11,699 Posted March 8, 2016 Report Share Posted March 8, 2016 On a brighter note ,watch the prices of prestige cars an 4x4s drop. I fancy getting different motor next year. Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 Just a thought, but why don't they tax big corporations as they should, that would bring a few quid in. Not very likely though when the people calling the shots own big corporations is it We definitely need a more robust corporation tax system. I don't fully understand the situation as it is so I'm uncomfortable to say what the effects would be of any change. Tbh I'm not totally sold on why we need to tax business at all, other than that we can...... Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 As you know BH, they can make numbers say anything so mine, yours or both of our information may be flawed.....I think you will find that it is actually rising every week by 1.5 billion pounds ! Our deficit is 1.5 TRILLION pounds !! That's the debt mate. http://www.ukpublicspending.co.uk/uk_national_debt_chart.html Osborne has reduced the deficit year on year. Halved it since he's been Chancellor. Quote Link to post Share on other sites
WILF 47,432 Posted March 8, 2016 Report Share Posted March 8, 2016 I'll remember that BH mate, I'll take out a f***ing great mortgage on a place I can't afford and tell them I can only pay £10 a week.......I will then explain that my debt and my deficit are two completely different things and that I will be increasing my debt but pay them £15 a week next year to reduce my deficit !! Lol They should be happy with that don't you think ? Haha Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 I'll remember that BH mate, I'll take out a f***ing great mortgage on a place I can't afford and tell them I can only pay £10 a week.......I will then explain that my debt and my deficit are two completely different things and that I will be increasing my debt but pay them £15 a week next year to reduce my deficit !! Lol They should be happy with that don't you think ? Haha LOL, Of course not, but if you already had a mortgage that was twice the size of your salary and you were running a deficit. Your creditors and dependents would be a lot more comfortable that you would repay in full and are managing your finances if you could show that you are year on year reducing your deficit. It shows that your financial management will shortly lead you to a positive flow of money and the ability to repay. It's totally unreasonable to expect any government to just instantly eliminate a deficit that is well over 10% of their income. The important fact is that the balance is moving the right way and has been while Osborne has been the Chancellor. Under the current trend, the books will balance in the near future and the UK will be back into a position where the debt can be chipped away at. Quote Link to post Share on other sites
WILF 47,432 Posted March 8, 2016 Report Share Posted March 8, 2016 But the debt has doubled has it not mate ? Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 But the debt has doubled has it not mate ? I don't know, but by the fact there is a deficit then the debt has to increase. I don't deny that matey. All I'm saying is that before you can touch the debt you have to eliminate the deficit. If you want to do that fast you will feel a lot of pain, if you want to do it slow then less pain. Any Chancellor would love to balance the books on his first day in office, but he has to play that off against the political backlash of cutting public spending. The UK's finances are moving in the right direction. In the near future if the current trend continues we will be in a position to start reducing that debt. I'm just saying what I see mate. I'm sure there are hundreds of opinions on why Osborne is a c**t and how better to do all this. Quote Link to post Share on other sites
WILF 47,432 Posted March 8, 2016 Report Share Posted March 8, 2016 As far as tax is concerned everyone should pay the same, that is fair......there is nothing more fair than that. Be it a big corporate or a street sweeper, it should be the same. BH, you are a clever dude and I'm not so you know maybe more about the details of how these things work......as an ordinary chap I wouldn't call taking over a firm hugely in debt and then doubling it sound financial management......but I suppose if it's not your money then it don't matter. Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 BH, you are a clever dude and I'm not so you know maybe more about the details of how these things work......as an ordinary chap I wouldn't call taking over a firm hugely in debt and then doubling it sound financial management......but I suppose if it's not your money then it don't matter. That depends on the alternative........ If the company isn't balancing the books and only staying afloat by borrowing more and more money to stay open then a CFO that reduces the amount that the company has to borrow year on year to the point where in the near future the company will be able to balance the books once again and begin to reduce it's debt I'd say is excellent management! The alternative is the company doesn't find a way of balancing it's books and it goes bust. You CANNOT even maintain your debt level if you cannot balance your cash flow. The deficit has halved, which means we're a lot closer to being able to stop borrowing and start repaying. We can hardly blame the man for the situation he was handed and it's a fact the UK is in a better financial position now than it was when he started. Quote Link to post Share on other sites
WILF 47,432 Posted March 8, 2016 Report Share Posted March 8, 2016 I think (but I don't know) that it is actually like this........the debt will get bigger and bigger.......they may not have to borrow as much but it will still increase. That's called kicking the ball down the road as far as my limited business knowledge is concerned.......it's like being a goal keeper, loosing 10-0 and saying you are the right man for the job because the other bloke would have let in 12 !! That's not winning mate, it's just not loosing as badly. Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 (edited) I think (but I don't know) that it is actually like this........the debt will get bigger and bigger.......they may not have to borrow as much but it will still increase. That's called kicking the ball down the road as far as my limited business knowledge is concerned.......it's like being a goal keeper, loosing 10-0 and saying you are the right man for the job because the other bloke would have let in 12 !! That's not winning mate, it's just not loosing as badly. I wouldn't say that's a fair analogy. I'd say a fair analogy is taking over a team that looses 10-0 every Saturday and are slowly being relegated down through the leagues to turning the tide on the poor performance, getting them into a position where year on year they are losing less games, even winning some. The clubs descent slows to the point where by the end of the season it looks like you won't be relegated for the first time in years (I'm having to assume there are a lot of leagues here, LOL)! Not only do all the stats point to the confident prediction that you won't be relegated but to the prediction that next season you will be promoted and continue on that trend to real club stability and growth. There may be managers out there that could have done it faster but the process is the same. A consistent reduction in loss is progress to stability and eventually gain. In the football world you might be able to expect a manager to take a team that has been relegated 10 seasons on the bounce (again I need many leagues for this example to work) and lost every game they have played to suddenly turn them into FA Cup winners but in politics that doesn't happen in politically stable ways. The man is consistently moving the countries finances towards balancing and therefore eventual reduction of the debt. The data speaks for itself. Edited March 8, 2016 by Born Hunter 1 Quote Link to post Share on other sites
Born Hunter 17,798 Posted March 8, 2016 Report Share Posted March 8, 2016 (edited) I don't know Max, and neither do you, it's just populist ranting which when closely scrutinised usually becomes less popular in my experience. But I'm not able to closely scrutinise such a complex plan anymore than you are. Knocking off the cost of EU and Aid is easy. I can't really agree that he's hammering the working class, he's raised the tax free allowance and raising minimum wage I believe among other working class benefits. He's hammering the Middle classes if anything. And if we want to talk about fair taxation and who's been hammered lets talk about North Sea Oil. Has it been fair to tax operators at % for f**k knows how long? That pot has been bled dry by consecutive governments and now there is a downturn tens of thousands are loosing jobs through market instability. There's no such thing as fair, there's only what works and what can be gotten away with. But none of that is really significant in what I was saying. I was simply talking facts and what the crux of the problem is. As I said, I'm sure there are 100 opinions on what he could do better, I don't really want to get bogged down in that. You have your solution, no less valid than my own musings on the topic. Edited March 8, 2016 by Born Hunter 2 Quote Link to post Share on other sites
Truther 1,579 Posted March 8, 2016 Report Share Posted March 8, 2016 https://youtu.be/l7L3ZtCSKKs 1 Quote Link to post Share on other sites
VOON 1,317 Posted March 9, 2016 Report Share Posted March 9, 2016 Osborne is doing so by hammering the working class keeping us in nothing but a lifetime of servitude while he and his ilk get richer. Yes the definite needs addressing but let the rich pay for their mistakes. Stop ALL illegal immigration thus saving billions on NHS Dhss Housing Schools Interpreters Crime This trials and jail costs Policeing Ect ect Stop All foreign Aid at 12 Billion per year. Wev our own problems to address before we fund corrupt foreign officials. Make all big businesses and corporations pay their tax as Wilf said ' the same rate as everybody else No cop outs . Get out of Europe why should we fund France ' Greece ' eire whoever with our taxes? So BH in your opinion if the above were implemented how much would GB be saving per annum to pay of the deficit ? 12 billion per annum every annum for a start with the Foreign Aid. How do you fund Eire with your taxes? Quote Link to post Share on other sites
Lloyd90 509 Posted March 9, 2016 Report Share Posted March 9, 2016 How is it fair that everyone pays the same ? It's far more conplicated than some here are making out. Just for debate check out the below article, the top 3000 earners in this country are paying more income tax into the country than the 9 million lowest earners http://www.telegraph.co.uk/finance/personalfinance/tax/11233686/How-top-3000-earners-pay-more-tax-than-bottom-9-million.html Does that mean that we should charge them less tax ? That they are being taxed unfairly , 45% or higher on most of their income isn't it ? Should we drop them down to only 20% so they pay the same as the most of us ? It's easy to say simplistic little things like it's easily done but it isn't that simple at all and it doesn't help the situation to make it out to be that simple, in order to really think about how to improve it you need to properly understand it! 1 Quote Link to post Share on other sites
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