| Kwarteng’s Budget 10:33 - Sep 23 with 20951 views | PatfromPoole |
Blimey.
Suicidal stuff politically, methinks. |  |
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| Kwarteng’s Budget on 20:47 - Sep 23 with 2060 views | saintwizzler |
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| Kwarteng’s Budget on 21:53 - Sep 23 with 1989 views | Bazza |
But how much will a person earning a million pay in tax? |  | | |
| Kwarteng’s Budget on 22:04 - Sep 23 with 1979 views | Bazza |
| Kwarteng’s Budget on 13:21 - Sep 23 by GRIM |
Don't bother retiring.
This so called Mini Budget has screwed Pensioners like myself.
1) The reversal of National Insurance contributions doesn't apply to Pensioners because we don't pay it.
2) The reduction of the Income Tax rate doesn't help us because most Pensioners only pay minimal income tax because their income is so low.
3) Stamp Duty changes don't help us because we're not likely to be moving house.
4). Utility bills hurt Pensioners more than the those that go to work.
Because we spend more time at home hence use more Gas / Electric/ Water etc.
If they take away our bus passes we'll be pooped.
Same old Tory policies looking after their own by " making the rich richer & the poor poorer". |
Point 2 is wrong because many wise pensioners will have work pensions on top of state pensions so they will get the benefit of the reduction in tax albeit small. | | | |
| Kwarteng’s Budget on 22:25 - Sep 23 with 1976 views | PatfromPoole |
| Kwarteng’s Budget on 22:04 - Sep 23 by Bazza |
Point 2 is wrong because many wise pensioners will have work pensions on top of state pensions so they will get the benefit of the reduction in tax albeit small. |
About £3 a week max. | |
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| Kwarteng’s Budget on 07:35 - Sep 24 with 1865 views | saintwizzler |
| Kwarteng’s Budget on 22:25 - Sep 23 by PatfromPoole |
About £3 a week max. |
That’ll fill the lawnmower | |
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| Kwarteng’s Budget on 10:07 - Sep 24 with 1781 views | JaySaint |
| Kwarteng’s Budget on 14:42 - Sep 23 by GRIM |
Well good for you.
You are one of the lucky ones.
Spare a thought for the rest of us. |
most people will benefit in some way. | |
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| Kwarteng’s Budget on 10:58 - Sep 24 with 1750 views | GRIM |
| Kwarteng’s Budget on 22:25 - Sep 23 by PatfromPoole |
About £3 a week max. |
The tax reduction benefit will be miniscule for Pensioners compared to the outrageous
Tax reductions the average Saints player will get.
This mini budget is the worst I've ever experienced for the low earners & Pensioners. | | | |
| Kwarteng’s Budget on 11:16 - Sep 24 with 1735 views | grumpy |
| Kwarteng’s Budget on 10:07 - Sep 24 by JaySaint |
most people will benefit in some way. |
Particularly the wealthy. |  | | |
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| Kwarteng’s Budget on 11:20 - Sep 24 with 1731 views | PatfromPoole |
| Kwarteng’s Budget on 10:07 - Sep 24 by JaySaint |
most people will benefit in some way. |
Not if they can’t afford the energy bills…. | |
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| Kwarteng’s Budget on 11:43 - Sep 24 with 1719 views | SalisburySaint |
| Kwarteng’s Budget on 19:23 - Sep 23 by dirk_doone |
£1 = $1.087
The pound hasn't been that low since it plummeted to $1.08 under Thatcher. |
This will spark another increase in petrol prices as oil paid for in dollars, that’s really going to help inflation
yet another consequence of this ridiculous mini budget |  | | |
| Kwarteng’s Budget on 11:45 - Sep 24 with 1718 views | SalisburySaint |
| Kwarteng’s Budget on 21:53 - Sep 23 by Bazza |
But how much will a person earning a million pay in tax? |
Less soon than they were doing ! | | | |
| Kwarteng’s Budget on 12:24 - Sep 24 with 1693 views | Berber |
| Kwarteng’s Budget on 22:04 - Sep 23 by Bazza |
Point 2 is wrong because many wise pensioners will have work pensions on top of state pensions so they will get the benefit of the reduction in tax albeit small. |
And many of those pension pots are made up from stocks and shares portfolios, which, having taken a 20-30% hit from Covid and Putin, now face further market devaluation as bankers further pillage the market, making trades to enhance their bonuses. Meantime, the cost of travel and oil/gas which are dollar based pricing have just got more expensive, which will increase the borrowing that we all will have to pay for.
Nobody in the world economic scene thinks these moves are the right thing, apart from the Tory right wing. Nearly all Tory MPs are multi millionaires, hmmmm, could that have anything to do with it? |  |
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| Kwarteng’s Budget on 12:47 - Sep 24 with 1674 views | JaySaint |
| Kwarteng’s Budget on 11:20 - Sep 24 by PatfromPoole |
Not if they can’t afford the energy bills…. |
which is a separate issue. Got to pay for the war somehow, right? | |
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| Kwarteng’s Budget on 13:42 - Sep 24 with 1633 views | Southamptonfan |
| Kwarteng’s Budget on 10:07 - Sep 24 by JaySaint |
most people will benefit in some way. |
I've no problem with a tax cut for working people as such and cutting stamp duty for house buyers, but they shouldn't have cut the tax rate of 45% to 40% for People earning millions a year. We all know Ronaldo, Haaland, Salah and co don't f@cking need it. They could even have moved the threshold for when the 45% comes in, like people who earn 300 grand a year plus, if they must. But millionaires getting a load more tax back when they don't need it, only for the government to borrow more and more, crippling future generations is terrible and will be f@cking suicidal for them at the next election. | |
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| Kwarteng’s Budget on 14:21 - Sep 24 with 1620 views | PatfromPoole |
| Kwarteng’s Budget on 13:42 - Sep 24 by Southamptonfan |
I've no problem with a tax cut for working people as such and cutting stamp duty for house buyers, but they shouldn't have cut the tax rate of 45% to 40% for People earning millions a year. We all know Ronaldo, Haaland, Salah and co don't f@cking need it. They could even have moved the threshold for when the 45% comes in, like people who earn 300 grand a year plus, if they must. But millionaires getting a load more tax back when they don't need it, only for the government to borrow more and more, crippling future generations is terrible and will be f@cking suicidal for them at the next election. |
Quite.
It’s a myth that the most affluent will spend more money if they are given it. | |
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| Kwarteng’s Budget on 15:28 - Sep 24 with 1579 views | kernow |
Jay will be happy with Mrs Jay's new carpets and curtains.
Other than that one positive I'm not reading too much positivity on here.
Could this be like the 1983 Labour manifesto described as the "longest suicide note in history" ?
Carry on. | | | |
| Kwarteng’s Budget on 17:11 - Sep 24 with 1518 views | Bazza |
| Kwarteng’s Budget on 22:25 - Sep 23 by PatfromPoole |
About £3 a week max. |
Perhaps, but could be a lot more it depends on your work pension | | | |
| Kwarteng’s Budget on 17:35 - Sep 24 with 1506 views | washington_saint |
| Kwarteng’s Budget on 15:28 - Sep 24 by kernow |
Jay will be happy with Mrs Jay's new carpets and curtains.
Other than that one positive I'm not reading too much positivity on here.
Could this be like the 1983 Labour manifesto described as the "longest suicide note in history" ?
Carry on. |
Cos' this place is a giant echo chamber.
People should be encouraged to work harder and the more successful you are the more you'll earn, which in turn means more taxes that can be used to help those that really need it not those that EXPECT it. Simple really: and a model that has allowed people from all walks of life to be successful in the US.
Why should people who work really hard have to pay for those who choose not to? That is Socialism at its worst and leads to a country stagnating. As is happening in the UK after the ridiculous COVID farce and people being paid to stay at home and not work. | | | |
| Kwarteng’s Budget on 23:46 - Sep 24 with 1377 views | dirk_doone |
| Kwarteng’s Budget on 17:35 - Sep 24 by washington_saint |
Cos' this place is a giant echo chamber.
People should be encouraged to work harder and the more successful you are the more you'll earn, which in turn means more taxes that can be used to help those that really need it not those that EXPECT it. Simple really: and a model that has allowed people from all walks of life to be successful in the US.
Why should people who work really hard have to pay for those who choose not to? That is Socialism at its worst and leads to a country stagnating. As is happening in the UK after the ridiculous COVID farce and people being paid to stay at home and not work. |
It's great to hear you've left England and made so much money out there in Joe Biden's America. We can understand why you love him so much.
What did you do to escape from England? Marry an American? [Post edited 24 Sep 2022 23:50]
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| Kwarteng’s Budget on 00:01 - Sep 25 with 1355 views | Bicester_North |
| Kwarteng’s Budget on 23:46 - Sep 24 by dirk_doone |
It's great to hear you've left England and made so much money out there in Joe Biden's America. We can understand why you love him so much.
What did you do to escape from England? Marry an American? [Post edited 24 Sep 2022 23:50]
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Who is we? | |
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| Kwarteng’s Budget on 00:16 - Sep 25 with 1348 views | dirk_doone |
The poor unfortunate ones who didn't escape from England and live in the paradise of Joe Biden's America like Washington Saint.
Fair enough, I understand why Washington Saint is lording it over us. The dollar/pound exchange rate is enough to show us that Joe Biden's economic policies are far more effective than Boris's or Liz's. [Post edited 25 Sep 2022 0:34]
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| Kwarteng’s Budget on 00:59 - Sep 25 with 1335 views | washington_saint |
| Kwarteng’s Budget on 00:16 - Sep 25 by dirk_doone |
The poor unfortunate ones who didn't escape from England and live in the paradise of Joe Biden's America like Washington Saint.
Fair enough, I understand why Washington Saint is lording it over us. The dollar/pound exchange rate is enough to show us that Joe Biden's economic policies are far more effective than Boris's or Liz's. [Post edited 25 Sep 2022 0:34]
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You've just proven my point.
It's nothing to do with Biden and more to do with the American mindset. For all the faults/issues it is still a place where you can be what you want to be through hard work and a modicum of luck.
And my move was for work - and I'm proud of my adopted country for all the opportunities it has given me and the fact that there is not a shaming of/jealousy for successful people and a feeling that successful people should be made to pay for those that feel they are entitled to the State looking out for them.
My parents were working class and never asked for any handout from the State. My mum's sister, on the other hand, has always sponged off the State and never done a proper days work in her 70+ years. That is the culture and sense of entitlement that will hold the UK back. | | | |
| Kwarteng’s Budget on 01:19 - Sep 25 with 1332 views | dirk_doone |
So, basically you married an American, yes?
But, I must admit, what Joe Biden is doing for a 79-year-old is pretty remarkable. | |
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| Kwarteng’s Budget on 11:08 - Sep 25 with 1218 views | grumpy |
| Kwarteng’s Budget on 00:59 - Sep 25 by washington_saint |
You've just proven my point.
It's nothing to do with Biden and more to do with the American mindset. For all the faults/issues it is still a place where you can be what you want to be through hard work and a modicum of luck.
And my move was for work - and I'm proud of my adopted country for all the opportunities it has given me and the fact that there is not a shaming of/jealousy for successful people and a feeling that successful people should be made to pay for those that feel they are entitled to the State looking out for them.
My parents were working class and never asked for any handout from the State. My mum's sister, on the other hand, has always sponged off the State and never done a proper days work in her 70+ years. That is the culture and sense of entitlement that will hold the UK back. |
'a feeling that successful people should be made to pay for those that feel they are entitled to the State looking out for them'
You are generalizing too much ,there are people that have fallen on hard times who have worked hard and look to the state to help them.
Why should 'successful people' not help those that are not so through no fault of their own? | | | |
| Kwarteng’s Budget on 12:13 - Sep 25 with 1171 views | inthebox |
This forum is an example of the intention this budget is attempting to achieve, it's classic divide and rule ideology of Milton Friedman economics where you create a rich class 1%, a envious/angst ridden middle class 49% and a just about managing lower class 40% and a non class on benefits /food banks 10%. Brazil is a good example. | | | |
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