Sense from Balls? Could it be!?
Discussion
http://www.bbc.co.uk/news/uk-politics-13787108
"Ed Balls urges emergency tax cut to boost economy"
Though I still think he is wrong about the cuts, he is right when he says that in order to stimulate the economy again we need to cut taxes to encourage businesses and people.
"Ed Balls urges emergency tax cut to boost economy"
Though I still think he is wrong about the cuts, he is right when he says that in order to stimulate the economy again we need to cut taxes to encourage businesses and people.
:tThe Governments policy of cuts are essential, as we all understand. However, this is only one of the tools in the box, most of the 'left'have been shouting loud and clear that the cuts are to fast and to deep. We desperately need a cut in taxation as an aid to stimulate growth, and we need it now. The token rise in the private sector employment numbers is great news, but its far to little to have the much needed impact.
Cue Right Wing insults.
Cue Right Wing insults.
Talking about historic personalities and cartoons....what a muppet! He is at the LSE..not a stupid party conference. Throw some facts and projections with details and argue your point you ideologist and let the educated people assess it.
tax cuts and slower spending reduction = more borrowing....that is what he wants.
No problem with that plan..except is that what the nation wants? more debt?
tax cuts and slower spending reduction = more borrowing....that is what he wants.
No problem with that plan..except is that what the nation wants? more debt?
The tax cuts are needed.
At the moment it is still too costly for people to go out and spend. They just don't have enough disposable income. Reducing taxes would free some of that up.
Also, reducing the taxes paid on employees would help stimulate business to take on more jobs...though, another big hamper to that would be the current employer/employee legislation we have in this country which, frankly, scares a lot of businesses from taking on more employees since they do not want to end up bent over and screwed if said employees turn out to be useless and need to be got rid of.
Spending reduction needs to happen as it is IMO, and I disagree with Balls on that regard (as well as the mess not being Labour's fault.....it quite clearly was!).
From the Wail;
http://www.dailymail.co.uk/news/article-2003907/UK...
"UK steel and chemical industries could be driven out of Britain if Coalition doesn't axe some green taxes, claims CBI boss"
Another example of the kinds of Taxes that need to be cut in order to stimulate our industries again!
At the moment it is still too costly for people to go out and spend. They just don't have enough disposable income. Reducing taxes would free some of that up.
Also, reducing the taxes paid on employees would help stimulate business to take on more jobs...though, another big hamper to that would be the current employer/employee legislation we have in this country which, frankly, scares a lot of businesses from taking on more employees since they do not want to end up bent over and screwed if said employees turn out to be useless and need to be got rid of.
Spending reduction needs to happen as it is IMO, and I disagree with Balls on that regard (as well as the mess not being Labour's fault.....it quite clearly was!).
From the Wail;
http://www.dailymail.co.uk/news/article-2003907/UK...
"UK steel and chemical industries could be driven out of Britain if Coalition doesn't axe some green taxes, claims CBI boss"
Another example of the kinds of Taxes that need to be cut in order to stimulate our industries again!
Edited by Spiritual_Beggar on Thursday 16th June 10:38
Whenever anyone says anything good about Ed Balls, remind them of this:
http://www.youtube.com/watch?v=Uyu4ImuYHZE
http://www.youtube.com/watch?v=Uyu4ImuYHZE
What we need is
1. reduction in consumption/eco taxes to boost disposable income for domestic consumption
2. reduction in employer taxes and regulation to boost pvt.sector job creation.
Both of these can be done as soon as we get some significant reduction in the yearly deficit next year. Both of these will have a feel good factor and increase in consumer confidence to the taxpayers and businesses. Both of these will enable a higher growth rate towards the last 2 years of the govt. Both of these will enable increase in tax revenue via higher consumption and income taxes and further faster deficit reduction along with current spening reductions overall.
It is just commonsense approach if we want to start repaying our debts after the next election and bring it down considerably.
1. reduction in consumption/eco taxes to boost disposable income for domestic consumption
2. reduction in employer taxes and regulation to boost pvt.sector job creation.
Both of these can be done as soon as we get some significant reduction in the yearly deficit next year. Both of these will have a feel good factor and increase in consumer confidence to the taxpayers and businesses. Both of these will enable a higher growth rate towards the last 2 years of the govt. Both of these will enable increase in tax revenue via higher consumption and income taxes and further faster deficit reduction along with current spening reductions overall.
It is just commonsense approach if we want to start repaying our debts after the next election and bring it down considerably.
Parrot of Doom said:
Whenever anyone says anything good about Ed Balls, remind them of this:
http://www.youtube.com/watch?v=Uyu4ImuYHZE
LOL!http://www.youtube.com/watch?v=Uyu4ImuYHZE
VAT at 20% should only be applied to items that we do NOT need eg so called luxury goods TV's, Washing machines, Dishwashers etc etc.
The problem we have with revenue raising is that (as I have said elsewhere) there are realatively very few people in this country that actually pay any income Tax, so where can the government raise revenue?
The problem we have with revenue raising is that (as I have said elsewhere) there are realatively very few people in this country that actually pay any income Tax, so where can the government raise revenue?
paulrockliffe said:
Parrot of Doom said:
Whenever anyone says anything good about Ed Balls, remind them of this:
http://www.youtube.com/watch?v=Uyu4ImuYHZE
LOL!http://www.youtube.com/watch?v=Uyu4ImuYHZE
It is deeply disturbing that people such as this complete slimeball come anywhere near power in this country.
What an awful self-serving creep the man is.
bobbylondonuk said:
Talking about historic personalities and cartoons....what a muppet! He is at the LSE..not a stupid party conference. Throw some facts and projections with details and argue your point you ideologist and let the educated people assess it.
tax cuts and slower spending reduction = more borrowing....that is what he wants.
No problem with that plan..except is that what the nation wants? more debt?
So your assessment = people ready and able to take on more debt! All of the current analysis shows that people are not spending and those with debt are making every effort to reduce that debt. Most are to frightened by job insecurity to take on more debt. A reduction in taxation will stimulate confidence and assist by getting the wallets open again, it is hoped.tax cuts and slower spending reduction = more borrowing....that is what he wants.
No problem with that plan..except is that what the nation wants? more debt?
NoelWatson said:
Have you analysed the numbers to confirm whether they are talking rubbish?
Have you? What I have written in this thread is my belief and hope, its not my political idiom. I want to see the U.K. back on its financial feet as much as the next person. We have had just over one year of the Governments efforts and the cuts are only just beginning to bite. With the Public Sector about to shed 100,000+ jobs over the coming months this is going to add to the unemployment and benefits burden, not to mention consumer confidence. Having a sprinkling of good news, like a tax cut here and there may bring about a little cheer and confidence. Its not just about numbers which have a nasty habit of skewing common sense and run behind actual events.My own personal take is based on one simple question to myself : would I now at this moment choose to start a new business, answer definitely not.
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