The PistonHeads Budget
Discussion
turbobloke said:
As per the other thread:
1. Abandon pointless and costly spending on wind turbines
2. End all 'green' subsidies ripping off the taxpayer
3. Get shale gas extraction going and be fracking quick about it
4. Cut corporation tax further than planned, 22% next year, 20% the year after, receipts may well increase and investment/relocations likewise
5. Reduce fuel duty 1p next budget and then freeze it
6. Ditch red tape and reduce other costs on businesses - home grown Labour legacy tape first
7. Windymill savings, cheaper energy and fuel, reduced corptax and less red tape will reduce costs to businesses and households and promote growth
Well, yet another axe ground away to filings, tedious, tedious, where's the old "ignore" key again?1. Abandon pointless and costly spending on wind turbines
2. End all 'green' subsidies ripping off the taxpayer
3. Get shale gas extraction going and be fracking quick about it
4. Cut corporation tax further than planned, 22% next year, 20% the year after, receipts may well increase and investment/relocations likewise
5. Reduce fuel duty 1p next budget and then freeze it
6. Ditch red tape and reduce other costs on businesses - home grown Labour legacy tape first
7. Windymill savings, cheaper energy and fuel, reduced corptax and less red tape will reduce costs to businesses and households and promote growth
Mojocvh said:
where's the old "ignore" key
Still, the topical reasoned argument you put forward after 'missing' the old ignore key was definitely worth all the effort.
A few more to miss the key for are here, but do be careful as if you miss the old ignore key twice others might think you were just kidding
http://www.thegrowthfactory.co.uk/
turbobloke said:
Mojocvh said:
where's the old "ignore" key
Still, the topical reasoned argument you put forward after 'missing' the old ignore key was definitely worth all the effort.
A few more to miss the key for are here, but do be careful as if you miss the old ignore key twice others might think you were just kidding
http://www.thegrowthfactory.co.uk/
well, in your own delusional existence that is
Back on topic, that link is worth at least a look. Similar here:
http://www.thegrowthfactory.co.uk/agenda#
http://www.thegrowthfactory.co.uk/agenda#
trashbat said:
MY BRILLIANT IDEAS, in DECREASING ORDER OF BRILLIANCE:
Love this post - Reduce military spending but increase intelligent procurement: currently it's a short list of pork barrel scraping companies like BAES. Stop tolerating this, whatever the short term cost. Ditto many civil areas.
- Nationalise certain areas that assist cost reduction in the above, either explicitly or by reproduction, along the lines of vertical integration. Same for anything that adds cost to the public, e.g. utilities
- Using the same scheme, invest in public infrastructure using British companies. Go protectionism!
- Improve long term vocation-oriented education opportunities so we have a skilled workforce that attracts international manufacturers
- Long term, enshrined tax breaks for R&D and high tech manufacturing
- Wring more IP ownership, cooperation and commercial exploitation out of all UK universities
- Incentivise decentralisation away from London
- Do like everyone else and wring a load of money out of the EU for doing nothing
- Bribe foreign businesses
- Industrial espionage
- Boil down the rich into soap and candles, sell them in Lush
- Declare war on Luxembourg
- Threatening Laser On The Moon
- Magic beans?
- Shred all the economic figures; say a big boy took them and ran away
martin84 said:
Alex said:
I'm guessing: Growth.
So...slash VAT...slash taxes = instant growth?Riiiiiight.
However, did you not notice the fact that VAT would be introduced on far more traders and on far more goods and services?
I would also like to think that the changes to NI would INCREASE employment, thereby increasing the PAYE take.
Finally, a massive reduction in CT would make the UK a desirable place for businesses to locate. Low CT is one of the things that has prevented the Irish economy from complete free fall.
Obviously, the trick is whether the increased VAT take would compensate the reduction in other areas.
Alex said:
spud989 said:
Nice ideas in theory, but what happens to all those high-earning people who don't pay tax on their income because they're paid through a limited company and loans associated with it, etc. Like large numbers of sporting/media big names. Wouldn't that allow them to continue to evade, or am I misunderstanding?
And local authorities should raise half of their spending - won't that further entrench the North/South divide? There's no way that some authorities in Yorkshire, for example, could do that. That just sounds like a plan to keep money in London. Parts of the North are already dead/dying as it is - that would kill them off.
The North needs to learn to stand on its own two feet. And I say that as a born-and-bred Yorkshireman (now living in Surrey). And local authorities should raise half of their spending - won't that further entrench the North/South divide? There's no way that some authorities in Yorkshire, for example, could do that. That just sounds like a plan to keep money in London. Parts of the North are already dead/dying as it is - that would kill them off.
How exactly could it stand on its own two feet?
spud989 said:
It'd be nice if it could, but it just simply wouldn't happen. Where would the industry be? There aren't the skills up here for high tech (they're all down south because that's where the money - and grammar/lots of independent schools, creating a vicious circle - is)
Talent is mobile, you just need to attract or retain it. The North generates plenty of indigenous talent - and the Northern universities have a great record in technology - but that's no use if people have to move down South to be rewarded for it.spud989 said:
It'd be nice if it could, but it just simply wouldn't happen. Where would the industry be? There aren't the skills up here for high tech (they're all down south because that's where the money - and grammar/lots of independent schools, creating a vicious circle - is), traditional industries are dead, we have next to no financial centre (and no authority to alter with rates/incentives to tempt business in) and an economy that's biased towards the public sector in many areas.
How exactly could it stand on its own two feet?
Lower business taxes. Enterprise zones. Policies to help entrepeneurs and the private sector.How exactly could it stand on its own two feet?
Both of which I agree with! I'm just questioning how it would be done - I can't see central Government throwing business away up north by reducing rates (even as a calculated vote-gainer) and there's no semi-devolved 'Northern Assembly' or anything like that which could have the potential authority to reduce rates.
My whole point is that it will take more than a little shove to break the cycle of an entire system that revolves around the South keeping the financial world to itself and the North acting as its Indian call centre. It would need an entire cultural shift, not just a few token changes. And there's little political will to do it.
My whole point is that it will take more than a little shove to break the cycle of an entire system that revolves around the South keeping the financial world to itself and the North acting as its Indian call centre. It would need an entire cultural shift, not just a few token changes. And there's little political will to do it.
I would get rid of every single tax, duty & NI and just have VAT but not in it's current form. Everything would have vat on it, and everyone would charge and pay vat. So you would charge vat on your wages but offset everything you pay out on items you purchase, the balance would go to the treasury.
At budget day the chancellor would stand up, say that input vat is 'X' output vat is 'Y' then sit down again. The rates being adjusted to allow for government expenditure.
Okay financial experts over to you to tear it apart, I have no idea whether the above would work. I'm sure there's a fundamental flaw, the major one I can see is that ultimately the process is linear so the people / companies at the ends would loose out whereas for it to work it would need to be a closed loop.
At budget day the chancellor would stand up, say that input vat is 'X' output vat is 'Y' then sit down again. The rates being adjusted to allow for government expenditure.
Okay financial experts over to you to tear it apart, I have no idea whether the above would work. I'm sure there's a fundamental flaw, the major one I can see is that ultimately the process is linear so the people / companies at the ends would loose out whereas for it to work it would need to be a closed loop.
951TSE said:
I would get rid of every single tax, duty & NI and just have VAT but not in it's current form. Everything would have vat on it, and everyone would charge and pay vat. So you would charge vat on your wages but offset everything you pay out on items you purchase, the balance would go to the treasury.
At budget day the chancellor would stand up, say that input vat is 'X' output vat is 'Y' then sit down again. The rates being adjusted to allow for government expenditure.
Okay financial experts over to you to tear it apart, I have no idea whether the above would work. I'm sure there's a fundamental flaw, the major one I can see is that ultimately the process is linear so the people / companies at the ends would loose out whereas for it to work it would need to be a closed loop.
your assuming most of the uk can count and fill out forms for taxes... ha!!At budget day the chancellor would stand up, say that input vat is 'X' output vat is 'Y' then sit down again. The rates being adjusted to allow for government expenditure.
Okay financial experts over to you to tear it apart, I have no idea whether the above would work. I'm sure there's a fundamental flaw, the major one I can see is that ultimately the process is linear so the people / companies at the ends would loose out whereas for it to work it would need to be a closed loop.
Plus cancer would spread in the forum of accountants... do we really need more of them?
s2art said:
martin84 said:
I was thinking that myself. Some of the ideas here are pure fantasy. Getting out of the EU, repealing climate change acts etc. Never going to happen. Maybe we should stick to working within realistic boundaries?
Why do you say that? We will have to repeal the climate change act sooner rather than later, because that really is total fantasy. I will bet good money that the Tories will be forced to offer a referendum on the EU by the next set of general elections.Voters do not care about the EU. Only a few aged, angry, old people who read tat such as the Express.
oyster said:
s2art said:
martin84 said:
I was thinking that myself. Some of the ideas here are pure fantasy. Getting out of the EU, repealing climate change acts etc. Never going to happen. Maybe we should stick to working within realistic boundaries?
Why do you say that? We will have to repeal the climate change act sooner rather than later, because that really is total fantasy. I will bet good money that the Tories will be forced to offer a referendum on the EU by the next set of general elections.Voters do not care about the EU. Only a few aged, angry, old people who read tat such as the Express.
EU in or out poll in the Grauniad
Lower taxes in special economic zones http://en.wikipedia.org/wiki/Special_economic_zone for businesses setting up near cities with high unemployment.
More jobs=less unemployed=less benefits=more tax=more spending in other businesses.
also make the dole-livers do 6 hours community service every week.
More jobs=less unemployed=less benefits=more tax=more spending in other businesses.
also make the dole-livers do 6 hours community service every week.
ArmaghMan said:
Dear sir,
Your gas ,electric and water bills will be increasing by 40% from today.
We will do as all utilities always do, and pass all of the costs on to you the customer (plus a little extra).
Should you find this unacceptable you are at liberty to change supplier ( their prices may prove somewhat similar to ours but this is purely a coincidence).
Have a nice day
Any utility.com
Sorry for the slow response. I'm only slightly bananas. Your gas ,electric and water bills will be increasing by 40% from today.
We will do as all utilities always do, and pass all of the costs on to you the customer (plus a little extra).
Should you find this unacceptable you are at liberty to change supplier ( their prices may prove somewhat similar to ours but this is purely a coincidence).
Have a nice day
Any utility.com
Government should cap prices. If no one wants to run a billion pound industry and only be capped at making 10% then it should be Nationalised. Have you seen British Gas profits?
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