Budget day

[chris_w]

JagLover said:

This seems to be the Labour/BBC line of attack, but does ignore the fact that the price of petrol depends on the world oil price, not how much profit north sea oil companies want to make.

Great isn't it - talk about damned if they do and damned if they don't, a windfall tax on 'Big Oil' is exactly the kind of thing Labour would have done if they were still in.

[ralphrj]

robinessex said:

Headlines:

March 20, 2011 (4 days ago)

US President Barack Obama makes a statement on Libya authorizing limited military actions while at the Tryp Convention Center in Brasilia, Brazil, March 19, 2011. – Photo by AFP

WASHINGTON: US and British forces have fired at least 110 Tomahawk cruise missiles into Libya against Moamer Kadhafi’s air defense sites, a top US military officer said Saturday.

So who paid for them ?

Mostly the US tax payers. Of the 110 tomahawks launched only a handful will be british as we only have 60 of them in total. Of that 60 some will be out of service (as they require maintenance) and some will be deployed elsewhere across the RN. I suspect that no more than 10-20 will be ours.

[anonymous-user]

Jobbo said:

wested said:

Somebody correct me if I'm wrong but looking at the new car tax figures, my tax renewal this coming november for my Honda S2000 (237g/km) will be £445.00! This is up from the £245.00 I paid in November 2010.

An increase of £200! Holy Moly!
At least I saved a penny per litre this morning filling up... Thanks Gov.

http://www.direct.gov.uk/en/Motoring/OwningAVehicl...

When was it registered? If you were charged £245 last time then it must have been registered before 23 March 2006, in which case, take a look at the asterisk on Bank K. That same note has been on the site for the last 5 years, so well done for not noticing it

Every time the budget comes around I always check that section nervously

[Mojocvh]

ralphrj said:

Mostly the US tax payers. Of the 110 tomahawks launched only a handful will be british as we only have 60 of them in total. Of that 60 some will be out of service (as they require maintenance) and some will be deployed elsewhere across the RN. I suspect that no more than 10-20 will be ours.

4.

[rypt]

Mojocvh said:

4.

Wasn't it 2 over the first 2 days, followed by a further 6 since then.

Then the sub with them on board has run out of them and needs to go back to dock to pick some up

[Steve996]

chris_w said:

Great isn't it - talk about damned if they do and damned if they don't, a windfall tax on 'Big Oil' is exactly the kind of thing Labour would have done if they were still in.

Econmics for a whole heap of North Sea projects being re-run again........some are bound to be canned because of this. But never mind it's much better to be dependant on imports.......

Bottom line is that international oil companies make international investment decisions. The UK North Sea is already (before the tax hike) one of the most expensive operational basins in the world and it's just got significantly less profitable........

[NoelWatson]

I think this is a decent article, mainly for

"Against this backdrop of rising expenditure, Ed Balls, the shadow chancellor, accuses the Government of putting the economy "back in the danger zone" by seeking to apply at least a degree of restraint. Mr Balls is much more highly qualified in economics than I am, but he obviously understands nothing about the basic principles of finance. "

http://www.telegraph.co.uk/finance/comment/jeremy-...

[Digga]

NoelWatson said:

I think this is a decent article, mainly for

"Against this backdrop of rising expenditure, Ed Balls, the shadow chancellor, accuses the Government of putting the economy "back in the danger zone" by seeking to apply at least a degree of restraint. Mr Balls is much more highly qualified in economics than I am, but he obviously understands nothing about the basic principles of finance. "

I'm currently reading Dostoevsky's The Idiot and a few chapters back, was amused to read a whoel daitribe about why civil servants are so 'impractical' and why the world might be better were things run by people who actually knew 'how to'.

Bearing in mind the vintage of the book - written mid 1800's - and that it was written in another coiuntry, which then somehow elected to go balls-out and put everything into the hands of the state via Communism, it's amusing and a little alarming.

Paraphrasing the German Judge who, in finding against Deutsche Bank this week and dessciribing how clients were not sufficiently well advised about the risks of financial instruments said 2one may read the words of a poem without understanding its meaning", Mr Balls perhaps demonstrates similar about our higher education system; it's only checking we've read the material, not that we understand the theory.

[mrobin33]

ralphrj said:

Mostly the US tax payers. Of the 110 tomahawks launched only a handful will be british as we only have 60 of them in total. Of that 60 some will be out of service (as they require maintenance) and some will be deployed elsewhere across the RN. I suspect that no more than 10-20 will be ours.

Actually no the US taxpayers have no money, they are lent money by the Chinese government, who abstained on the vote to enforce a no-fly zone.

[Mojocvh]

JagLover said:

This seems to be the Labour/BBC line of attack, but does ignore the fact that the price of petrol depends on the world oil price, not how much profit north sea oil companies want to make.

So what. The oil price does not matter once the chancellor says "he will watch prices like a hawk".

Once again they have painted themselves into another corner. Again.

http://www.bbc.co.uk/news/business-12862949