news & politics:discussion

[steviewevie]

isn't national insurance less fair than income tax...so increasing one whilst decreasing the other just increases unfairness?

[steviewevie]

Rishi upping the stakes in his bid for next PM...Truss has had a few good weeks after all..so it's using spare money for future tax cuts rather than more help to people to get through what is going to be a very hard year.

[steviewevie]

 

[lost]

10 minutes ago, steviewevie said:

isn't national insurance less fair than income tax...so increasing one whilst decreasing the other just increases unfairness?

pensioners don't pay NI and pensioners also vote.

[Ozanne]

Imagine voting for these guys when they turn around and back oil/gas companies instead of voters. 

[steviewevie]

4 minutes ago, lost said:

pensioners don't pay NI and pensioners also vote.

exactly...just makes generational divide even wider.

[steviewevie]

OBR:

"The rise in inflation to a 40-year high this year is expected to reduce real household disposable incomes (RHDI) on a per-person basis by 2.2 per cent in 2022-23 the biggest fall in living standards in any single financial year since ONS records began in 1956-57"

[steviewevie]

so...anyone earning below about £36k won't see a NI rise...that's quite a lot of people...

[Ozanne]

 

[steviewevie]

6 minutes ago, Ozanne said:

 

yeah, Torsten Bell said this too...I don't understand it though..

[Ozanne]

 

[Haan]

1 minute ago, Ozanne said:

 

Aye, I have a friend who is on PIP - her energy bills are going up but no change to her benefits, going to suck so hard for her and countless other disabled people 

[steviewevie]

 

[Haan]

Just now, Barry Fish said:

I have no idea how these people are going to survive this to be honest.  But its not like the government has an endless pot of money either 😞 

could've announced a windfall tax on energy companies who will probably make bank from this. Green New Deal could create a lot of jobs + help insulate homes which will help keep heating costs down

[steviewevie]

2 minutes ago, Haan said:

could've announced a windfall tax on energy companies who will probably make bank from this. Green New Deal could create a lot of jobs + help insulate homes which will help keep heating costs down

also...he does have extra money, right? growth had been more than expected or something? but he decided to save it for a promised tax cut in 2024 for purely political reasons the horrible little bastard.

[Ozanne]

4 minutes ago, Haan said:

could've announced a windfall tax on energy companies who will probably make bank from this. Green New Deal could create a lot of jobs + help insulate homes which will help keep heating costs down

We also borrowing money off the Bank of England which essentially means we owe the money to ourselves. We can borrow more if need be.

We can also tax the high earners more, tax landlords more but they won’t do that because they are the Tories mates. 

[steviewevie]

Does anyone read Fish's posts?

[steviewevie]

Ben Chu was talking about this inflation/spending thing on newsnight last night...

 

[lost]

29 minutes ago, Ozanne said:

We also borrowing money off the Bank of England which essentially means we owe the money to ourselves. We can borrow more if need be.

That's inflationary though as we are finding out. The QE money should be unwound and either paid off or sold into the debt markets. Very little justification for it with inflation at 6 - 7% 

[steviewevie]

 

[steviewevie]

 

[Ozanne]

1 hour ago, steviewevie said:

 

His time to move was in January when Partygate was rife, he is a bad politician. 

[mcshed]

3 hours ago, Barry Fish said:

If you put a windfall tax on energy companies they just increase prices further. 

No they don't when there is a price cap on what they can charge for energy.

[Ozanne]

5 minutes ago, mcshed said:

No they don't when there is a price cap on what they can charge for energy.

We must protect investment remember, precious investment. Screw real peoples lives. 

[lost]

Different energy companies I believe? personally I'd rather they invested their profits in new projects to try to reduce our reliance on the Russians/Saudi's.