Good news for UK

Odds said:
The Conservatives have fought every election at least since the 1980s as the party of low taxation. But, as the IFS report suggests, that is no longer plausible. It says that Rishi Sunak’s decision to freeze the income tax personal allowance at its 2021-22 level for four years in his March 2021 budget, and Jeremy Hunt’s decision last year to make that a six-year freeze, not a four-year freeze, is now set to raise £52bn by 2027-28 – the same as a 6p rise in basic rate and higher rate income tax. The IFS says:

If we instead calculate revenue based on the latest inflation forecasts from the Bank of England (August 2023) and assuming that beyond 2026 Q3 inflation remains at 2%, it looks like the freeze to both income tax and NICs thresholds is now on course to raise £52bn in 2027–28 (or £43bn if subtracting the cost of the increase in the point at which employees and the self-employed pay NICs)
Click to expand...

I keep on asking on here but there is deathly silence - what are the policies to grow the economy?

All the Tories have is shift the deck chairs on the titanic policies - to give to peter we take from paul,

They take on debt to pay for current consumption and not for investment because long term investment the pay offs will not be in their election cycle and they need to win elections.

The Tories are brilliant at winning elections but at the cost of the wider economy. Brexit wasn't the answer but it was the right question - how do we grow the economy and make the benefits of growth shared more equally.
 
I think that the U.K. and many other developed countries have exported growth to China
 
Odds said:
I thought the topic was the UK economy?:unsure:
Click to expand...
Just a thread for anyone that is sick of the U.K. knocking posts by JohnD, Ellal, Notch, SirGalahad and Roy Bloom (in whatever incarnation he is lately) to put up anything they see that is good news for the people of the U.K.
 
Mottie said:
Just a thread for anyone that is sick of the U.K. knocking posts by JohnD, Ellal, Notch, SirGalahad and Roy Bloom (in whatever incarnation he is lately) to put up anything they see that is good news for the people of the U.K.
Click to expand...

So can't deal with criticism and I thought you had a tough skin and liked to call a spade a spade type.

Come off it there is scant good news, if you want to live in a make believe land you can - reality for many is totally different.

You can bury your head in the sand as long as you like.
 
Last edited:
Mottie said:
Just a thread for anyone that is sick of the U.K. knocking posts by JohnD, Ellal, Notch, SirGalahad and Roy Bloom (in whatever incarnation he is lately) to put up anything they see that is good news for the people of the U.K.
Click to expand...
Another one criticising my posts, but claims not to read them.
It's simply stupid to criticise something you have no knowledge of.
 
SirGalahad said:
So can't deal with criticism and I thought you had a tough skin and liked to call a spade a spade type.

Come off it there is scant good news, if you want to live in a make believe land you can - reality for many is totally different.

You can bury your head in the sand as long as you like.
Click to expand...
The usual response from a hardened U.K. hater.
 
Mottie said:
Whatever. Anyway, back on topic.

www.bbc.co.uk

Wages overtake inflation for first time in nearly two years

Average pay growth outpacing inflation suggests the squeeze on living costs may be starting to ease.
www.bbc.co.uk
Click to expand...
living stds are cr@p in the UK, the main reason being appalling wealth distribution. The Resolution Foundation points out that Britain also has an unusual distribution of income. While the rich in the UK are wealthier than the rich in most other European counties, those on middle and lower incomes in the UK are poorer than most of their European counterparts

Living standards in UK have lagged behind those in Germany and US for years​


The typical French household is 11% richer, the typical German household 27% richer and the typical US household an extraordinary 64% richer than the typical family in the UK.


 
Notch7 said:
living stds are cr@p in the UK, the main reason being appalling wealth distribution. The Resolution Foundation points out that Britain also has an unusual distribution of income. While the rich in the UK are wealthier than the rich in most other European counties, those on middle and lower incomes in the UK are poorer than most of their European counterparts

Living standards in UK have lagged behind those in Germany and US for years​


The typical French household is 11% richer, the typical German household 27% richer and the typical US household an extraordinary 64% richer than the typical family in the UK.


Click to expand...
So, it’s all about the money for you, is it? Would more money make you happier? Really?
 
Last edited:
You must log in or register to reply here.
Back
Top