The New Government is Borrowing MORE than EVER before!
26 September 2010, 08:51 PM
#61
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27 September 2010, 09:40 AM
#63
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27 September 2010, 09:41 AM
#64
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Nah it'll be back to 17.5% soon enough. Its only to recoup what was lost when Labour dropped it to 15%. The amount of dissolved businesses currently showing up on companies house will put sure that 20% vat will not be a long term rate.
Not saying 15% vat was nice; I took full advantage of it (unless the retailer was fiddling the prices - which many did), but for the country's financial health it was stupidly short sighted; Seeing the HMRC is struggling to gain tax revenue for the coffers in a competent manner, there is a significant revenue shortfall (its having to dish out £1.8 billion in refunds for its own f**k ups). HMRC also has a backlog of 18million of unreconciled cases which will take over four years to clear. Not to mention the tax dodgers that have got away for it for god knows how long - and still do.
Not saying 15% vat was nice; I took full advantage of it (unless the retailer was fiddling the prices - which many did), but for the country's financial health it was stupidly short sighted; Seeing the HMRC is struggling to gain tax revenue for the coffers in a competent manner, there is a significant revenue shortfall (its having to dish out £1.8 billion in refunds for its own f**k ups). HMRC also has a backlog of 18million of unreconciled cases which will take over four years to clear. Not to mention the tax dodgers that have got away for it for god knows how long - and still do.
27 September 2010, 10:32 AM
#65
Maybe not, its not for you to dictate! 
They may drop it at a later point towards the end of next year; if they feel greedy and teh economy goes their way they may forego it as it'll be more inline with the rest of the Europe. Currently the only countries in Europe with lower VAT than us are Bosnia, Bulgaria, Luxembourg the Czechs and Switzerland (although Bosnia and the Swiss aren't in the EU).
It will also allow the government to assess how many people are left in the country who are affluent enough to spend cash in the panic spending that'll happen just before it rises. You just watch when so many alledged "hard off" people will rush off to buy a new LED TV just before the rise.
We're a panic buying nation...just look how quick bread dissappears should the very hint of a fuel tanker blockade be mentioned by the media.
They may drop it at a later point towards the end of next year; if they feel greedy and teh economy goes their way they may forego it as it'll be more inline with the rest of the Europe. Currently the only countries in Europe with lower VAT than us are Bosnia, Bulgaria, Luxembourg the Czechs and Switzerland (although Bosnia and the Swiss aren't in the EU).It will also allow the government to assess how many people are left in the country who are affluent enough to spend cash in the panic spending that'll happen just before it rises. You just watch when so many alledged "hard off" people will rush off to buy a new LED TV just before the rise.
We're a panic buying nation...just look how quick bread dissappears should the very hint of a fuel tanker blockade be mentioned by the media.
Last edited by ALi-B; 27 September 2010 at 10:36 AM.
27 September 2010, 11:53 AM
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YOU WHAT!??????????????????????????????
Little history lesson for you here, are you sitting comfortably? Then I will begin ......
Once upon a time when the world entered a deep, deep recession all the lands were terrified. A knight in shining armour sat, alone, at the head of the pass ready to fight tooth and nail for the country he served - that man was Gordon Brown, the One Eyed Knight of the West.
Along rode another knight in rich jewels and trinkets, clearly one of a very wealthy family, Knight Cameron of the Eton round table - he sat above his steed alongside the One Eyed Knight and looked at the coming disaster - the hoards of natives carrying debt and poverty - he, basically **** himself. Knight Cameron declared that we should run away, hide, and do nothing at all .... maybe they will pass by without hurting us?
But the One Eyed Knight stood firm ... and alongside him rode his Darling Knight - alone they stood as the hoards came upon them. They didn't blink, they didn't shiver, they didn't turn into Tory jelly of no substance ........ the Knights from the other Lands under attack saw this brave act and stood alongside the One Eyed Knight and his Darling.
Together they all but defeated the hoards - but the citizens of the One Eyed Knights lands wanted the new Knight Cameron and his Jester Osbourne .. for they promised trinkets and chests of gold .. the people sent the brave One Eyed Knight on his way, despite standing where the Knights of the Eton round table feared to tread.
Very soon the trinkets turned into plastic and the gold was fools gold - the simple people had been had by the wealthy Knight with nothing to lose .. the same Knight who ran and hid with his Jester Osbourne.
The people of the land cried out for the One Eyed Knight to return .. but, he had gone over the hills never to return.
Basically - the TORIES said DO NOTHING!!!!
Labour said LET'S FIGHT!!!!!
End of lesson ......... thanks for watching
Little history lesson for you here, are you sitting comfortably? Then I will begin ......
Once upon a time when the world entered a deep, deep recession all the lands were terrified. A knight in shining armour sat, alone, at the head of the pass ready to fight tooth and nail for the country he served - that man was Gordon Brown, the One Eyed Knight of the West.
Along rode another knight in rich jewels and trinkets, clearly one of a very wealthy family, Knight Cameron of the Eton round table - he sat above his steed alongside the One Eyed Knight and looked at the coming disaster - the hoards of natives carrying debt and poverty - he, basically **** himself. Knight Cameron declared that we should run away, hide, and do nothing at all .... maybe they will pass by without hurting us?
But the One Eyed Knight stood firm ... and alongside him rode his Darling Knight - alone they stood as the hoards came upon them. They didn't blink, they didn't shiver, they didn't turn into Tory jelly of no substance ........ the Knights from the other Lands under attack saw this brave act and stood alongside the One Eyed Knight and his Darling.
Together they all but defeated the hoards - but the citizens of the One Eyed Knights lands wanted the new Knight Cameron and his Jester Osbourne .. for they promised trinkets and chests of gold .. the people sent the brave One Eyed Knight on his way, despite standing where the Knights of the Eton round table feared to tread.
Very soon the trinkets turned into plastic and the gold was fools gold - the simple people had been had by the wealthy Knight with nothing to lose .. the same Knight who ran and hid with his Jester Osbourne.
The people of the land cried out for the One Eyed Knight to return .. but, he had gone over the hills never to return.
Basically - the TORIES said DO NOTHING!!!!
Labour said LET'S FIGHT!!!!!
End of lesson ......... thanks for watching
Les
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