cb25
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Post by cb25 on Oct 30, 2018 10:25:07 GMT
Ignoring the fact that some have said bit of an odd time to have a budget given the big B event (which we don't mention) is just around the corner in March 2019.
Seemed like more tinkering to me. No answers to the big questions, e.g. how to fund Social Care, how to fix the housing market, should tax be moved more to wealth than income, how to reform the NHS,...
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Post by mrclondon on Oct 30, 2018 11:28:33 GMT
Tinkering, yes, but possibly positioned with an eye to being forced by events to hold a GE in the next 6 months.
Case in point - the tax thresholds. Raising the personal allowance to £12.5k a year early makes sense as it will incentivise the filling of low paid jobs, however raising the higher rate threshold to £50k early makes little sense bar as a bribe to the middle classes.
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cb25
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Post by cb25 on Oct 30, 2018 11:52:11 GMT
Tinkering, yes, but possibly positioned with an eye to being forced by events to hold a GE in the next 6 months.
Case in point - the tax thresholds. Raising the personal allowance to £12.5k a year early makes sense as it will incentivise the filling of low paid jobs, however raising the higher rate threshold to £50k early makes little sense bar as a bribe to the middle classes.
Agreed, seems like a bribe both to higher rate taxpayers and Tory MPs (we're on the right path, don't rock the boat re our discussions).
The Times says Hammond is increasing spending by £103bn over 6 years, with £84bn going to the NHS.
"Mr Johnson suggested that beyond an £84bn cash injection for the NHS, many Government departments would face flat-rate spending or cuts over the course of this Parliament.
“Whilst he’s found money for the NHS, beyond next year, he’s not really found money for anything else,” Mr Johnson told BBC Radio 4’s Today programme.
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Line graph on last night's Newsnight also showed spending for all but the NHS as essentially flat.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 31, 2018 22:18:48 GMT
No worries JC Junior will turn 5 fishes into £500 Billion .
Fix the NHS Fix the Roads Free Uni Places Free housing Free travel A nice holiday every year
Justification for wanting to run the country ? His party members (1% of actual population) say so.
5% of the population will pay for it all. The corporations (the ones that employ us) will pay more and therfore have less to pay us ??
As it is getting near that time of year I'm sure we will all get "A partridge in a pear tree" as well.
Merry May is trying her best. She should seek constructive cross party suggestions.
No one party has managed to consistently manage the country.
Let us all get a game show type button and vote on every issue then we can't blame the politicians.
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cb25
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Post by cb25 on Nov 1, 2018 9:54:01 GMT
No worries JC Junior will turn 5 fishes into £500 Billion . I think that the proposed mega-spend matters less than it should, as I'd imagine most voters (regardless of voting intention) have no idea about the national debt. Telling them it'll jump from X% of GDP to Y% will do nothing to dissuade them, especially as Labour will no doubt point to countries with higher GDP to debt ratios.
Imo getting into power is all about setting out a message that appears to the base vote and trying to attract some from the other side (in a two party system).
Labour are sticking with their key message of "you name it, we'll increase expenditure on it and (generally) tax you less". Doesn't matter whether 'experts' say it will/won't work. All that matters is whether voters will go for it. I've a (nasty) feeling they might.
Conservatives are continually going against their key message of "the country's finances are safe with us, as are the critical state institutions (police, prisons, schools,...), hence p*ssing off their core voting base and probably not doing enough Labour-lite stuff to attract voters from Labour.
Imo the budget was Conservatives being Labour-lite and that's not a good message.
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Godanubis
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Post by Godanubis on Nov 1, 2018 19:45:14 GMT
No worries JC Junior will turn 5 fishes into £500 Billion . I think that the proposed mega-spend matters less than it should, as I'd imagine most voters (regardless of voting intention) have no idea about the national debt. Telling them it'll jump from X% of GDP to Y% will do nothing to dissuade them, especially as Labour will no doubt point to countries with higher GDP to debt ratios.
Imo getting into power is all about setting out a message that appears to the base vote and trying to attract some from the other side (in a two party system).
Labour are sticking with their key message of "you name it, we'll increase expenditure on it and (generally) tax you less". Doesn't matter whether 'experts' say it will/won't work. All that matters is whether voters will go for it. I've a (nasty) feeling they might.
Conservatives are continually going against their key message of "the country's finances are safe with us, as are the critical state institutions (police, prisons, schools,...), hence p*ssing off their core voting base and probably not doing enough Labour-lite stuff to attract voters from Labour.
Imo the budget was Conservatives being Labour-lite and that's not a good message.
I’m becoming more like “Fraser” in Dads Army ... “We are all doomed “
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zlb
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Post by zlb on Nov 5, 2018 19:40:06 GMT
Can anyone extrapolate the mention of a change in pensions? Something about a pension for all, that's similar to a decent (for these days, so not defined benefit) employer pension. Perhaps this is only available to employers thepeoplespension.co.ukWhereas the proposal is for one that individuals can enter...who manages it though and how is that different to private? |
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Nov 8, 2018 18:24:10 GMT
Can anyone extrapolate the mention of a change in pensions? Something about a pension for all, that's similar to a decent (for these days, so not defined benefit) employer pension. Perhaps this is only available to employers thepeoplespension.co.ukWhereas the proposal is for one that individuals can enter...who manages it though and how is that different to private? In Scotland we are trialling UBI (Universal Basic Income) link
If this comes to fruition it would be good for young and old.  This might go some some way to make up for the higher taxes.
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zlb
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Post by zlb on Nov 8, 2018 22:26:07 GMT
So the UBI would be a basic pension also?
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Godanubis
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Post by Godanubis on Nov 9, 2018 0:19:49 GMT
So the UBI would be a basic pension also? No you would also get the state pension if you qualify and any other income you have. No need for jobseekers sickness benefits as every man woman and child gets UBI. Fortunes saved on administration of current system. Anybody made redundant also gets UBI. Tax would rise but you already have sufficient to live so any extra would be for non necessities and extra goes to paying UBI Overall costs were less than current expenditures. Only works for Smaller countries ie Scotland. I personally hope it is introduced.
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cb25
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Post by cb25 on Nov 9, 2018 9:48:06 GMT
So the UBI would be a basic pension also? No you would also get the state pension if you qualify and any other income you have. No need for jobseekers sickness benefits as every man woman and child gets UBI. Fortunes saved on administration of current system. Anybody made redundant also gets UBI. Tax would rise but you already have sufficient to live so any extra would be for non necessities and extra goes to paying UBI Overall costs were less than current expenditures. Only works for Smaller countries ie Scotland. I personally hope it is introduced. Where are the results written up? I also don't see why size of country would matter. If population profiles were the same, or very similar, for age, income, use of benefits etc., then I would have thought the bigger country could be viewed as N copies of the smaller one.
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zlb
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Post by zlb on Nov 9, 2018 12:36:07 GMT
So the UBI would be a basic pension also? No you would also get the state pension if you qualify and any other income you have. No need for jobseekers sickness benefits as every man woman and child gets UBI. Fortunes saved on administration of current system. Anybody made redundant also gets UBI. Tax would rise but you already have sufficient to live so any extra would be for non necessities and extra goes to paying UBI Overall costs were less than current expenditures. Only works for Smaller countries ie Scotland. I personally hope it is introduced. I'd agree with its introduction based on published research, including the psychological and wide societal impact. Good luck! If heat waves weren't a reason to consider moving to Scotland...
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cb25
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Post by cb25 on Nov 9, 2018 12:53:52 GMT
No you would also get the state pension if you qualify and any other income you have. No need for jobseekers sickness benefits as every man woman and child gets UBI. Fortunes saved on administration of current system. Anybody made redundant also gets UBI. Tax would rise but you already have sufficient to live so any extra would be for non necessities and extra goes to paying UBI Overall costs were less than current expenditures. Only works for Smaller countries ie Scotland. I personally hope it is introduced. I'd agree with its introduction based on published research,.. Spent a few minutes searching the web and I couldn't find any meaningful hit on successful universal basic income.
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zlb
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Post by zlb on Nov 9, 2018 13:16:23 GMT
I'd agree with its introduction based on published research,.. Spent a few minutes searching the web and I couldn't find any meaningful hit on successful universal basic income.
I've been reading about it over years, not stored info though. Maybe economist once, maybe not though. Search Google scholar.
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Post by eascogo on Nov 9, 2018 13:30:27 GMT
I'd agree with its introduction based on published research,.. Spent a few minutes searching the web and I couldn't find any meaningful hit on successful universal basic income.
This link may be of interest -- an initiative put to the Swiss people in 2016 that was emphatically rejected.
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