Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
George Osborne is toying with the idea of removing a further £30bn in middle-class..
You missed out the Gordon Brown raid on pension funds, when he removed the ability of pension funds to reclaim the tax credit (then 25% of the gross dividend), worth £5 billion in 1998, approx. £10-12 billion per annum today.
The fact is that the deficit is not really budging, it is mostly the wealthy who gain from the pension tax relief, I would prefer to see an ISA type of pension saving, whereby the contributions come from taxed income but the pension income is tax free when you withdraw it.
The risk from this is that a future government might be tempted to tax the income from a pension ISA in the future.
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero
I am a lifelong Tory voter and certainly will not vote Tory next time.
Well who else can you vote for?
These tax rises are disappointing, especially from a Tory government but we have not seen any cuts to the overall government spending and the budget has to be balanced somehow. The British public have no idea about what we spend, have no appetite for cuts and ANY government that is serious about sorting out our finances would be going something pretty similar.
The alternative is to follow the failed socialist experiments we have seen in Venezuela, Argentina etc.
Total Government spending in 2009-10 was £674 billion, in 2015-16 it is projected to be £756 billion, an increase of £82 billion! So when you hear of cuts you know the reality.
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero
These tax rises are disappointing, especially from a Tory government but we have not seen any cuts to the overall government spending and the budget has to be balanced somehow.
So, Tories come to power on the basis of cutting overall Govt spending, but they actually end up taxing heavily their core voters???
Osborne is doing all the sneaky things that Labour is supposed to be doing... that's NOT what's supposedly should be expected from Tory Govt! And this time they can't blame Liberals, ffs - it turns out last Govt was fooking awesome, and before that even better! Hell, Balls would have been better for Tory voters too.
Total Government spending in 2009-10 was £674 billion, in 2015-16 it is projected to be £756 billion, an increase of £82 billion! So when you hear of cuts you know the reality.
Oh ffs, but this means there are NO fooking cuts!!! Tories did not DO THE CUTS THEY PROMISED!
Instead they are taxing their core voters to bribe Labour voters in a vain hope that it would get Osborne elected in 2020... WRONG!
This will ensure that he taxes Osborne's rich mates very heavily, just like they should be taxed - maybe next time they'll think twice before taxing too heavily their core middle class vote.
This will ensure that he taxes Osborne's rich mates very heavily, just like they should be taxed - maybe next time they'll think twice before taxing too heavily their core middle class vote.
Not sure the significance of spelling his name with a K?
However, luckily there are not enough foolish people who will vote for this fool. Anyone who does is deluded.
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero
Comment