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About LinkBacksAccording to the BBC this evening Labour are proposing a new high rate tax (45%) for people on £150,000 in the six counties and Britain. An increase in the progressivity of the tax burden.
http://news.bbc.co.uk/1/hi/uk_politics/7745070.stm
According to the BBC this evening Labour are proposing a new high rate tax (45%) for people on £150,000 in the six counties and Britain. An increase in the progressivity of the tax burden.
http://news.bbc.co.uk/1/hi/uk_politics/7745070.stm
RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams
And a reduction in the standard rate of VAT to 15%.
I wonder if there'll be a reduction in the 20% tax rate.
Sounds great to meIs their any catches? Normally 'robbing' from the rich has it' opposition, anything on that factual?
"They stole my land, burnt my olive trees, destroyed my house, took my water, imprisoned my father, killed my mother, starved us all, humiliated us all. But I am to blame : I shot a rocket back. So they stole more of my land, burnt my olive trees, destroyed my house, took my water, bombed my country..."
"And a reduction in the standard rate of VAT to 15%."
And I predict in two years this will be restored at 20%, meaning an overall increase of 2.5% from 17.5%.
Oh, BTW, Newry and Enniskillen are rubbing their hands ............ for now.
Right so it will make any difference.Originally Posted by bugibba
Retailers are getting their margins squeezed already so any short term price reduction will get reversed in 2009 and then when the rate goes back up the prices will rise.
Sorry but this is storing up inflation for the future.
Don't forget Derry.
It's very difficult politically to raise taxes or restore them to their previous levels.
Once people get used to VAT being at 15% they'll be very p*ssed off if it's put back to 17.5% again let alone raised to 20%.
Keynesian economics 101. A real shame - it simply won't work.
Sadly no attempt by Mr. Darling to lower the minimum wage and get rid of the stickiness of wages. Get ready for lots of unemployment...
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Tory's next year then, clearly.
Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.
- [SIZE=2]Niccolò Machiavelli[/SIZE]
You're quite right Bobert, all those high earners will switch over to the tories now. Oh hang on...
Bobo, bobo, bobo, look into the Labour Parties supporters.
Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.
- [SIZE=2]Niccolò Machiavelli[/SIZE]
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