The Big NIC U turn

[sal]

Curious to hear the reasoning, if it's only because of the manifesto pledge, why was it proposed in the first place? Did they forgot the pledge, or simply incompetent or both...

Laughing stock, the whole lot.

[SueEllen]

Curious to hear the reasoning, if it's only because of the manifesto pledge, why was it proposed in the first place? Did they forgot the pledge, or simply incompetent or both...

To stop a back bench Tory MP revolt.

[LondonManc]

To stop a back bench Tory MP revolt.

That, in a sense, is spot on. There are many traditionalists in the Tory party as you would expect. Whatever they may say and however some may act at time, they know that going back against manifesto pledges is a big no-no when there's no good reason. A quick cash grab wasn't seen as reason enough.

[northernladyuk]

But it goes against the Tory Party ethos.

You encourage people to be entrepreneurs and set up their own businesses.

You're funny.

[SueEllen]

You're funny.

In my next job I will be a political spin master.

I've already watched "In the Thick of It" and can swear like them.

[Mordac]

To stop a back bench Tory MP revolt.

The purpose of the revolt was to get rid of Hammond. The NIC raise was a very convenient catalyst.

[AtW]

oh dear - this means dividend tax will go up again!

DOOMED!

[SueEllen]

oh dear - this means dividend tax will go up again!

DOOMED!

Dividend tax affects rich Tories especially pensioners.

So he puts that up and there will be a backbench Tory MP revolt.

[northernladyuk]

Dividend tax affects rich Tories especially pensioners.

So he puts that up and there will be a backbench Tory MP revolt.

Give the over 65's a 100k p.a. dividend tax allowance. it's only fair.

[AtW]

But it goes against the Tory Party ethos. You encourage people to be entrepreneurs and set up their own businesses.

Tories are now party of the working man...