The new prime minister is.....

[mattster]

Forgot to post this... seems Penny impressed nobody at the weekend:

The real mystery is how Penny ever got that surge of popularity in the first place. All deeply unimpressive IMO, is this really the best we've got? Dismal.

[WTFH]

This might be helpful but it's not going to solve anything. Far too little. People were being pushed into poverty before all this, since the energy companies all toppled. Since then the cap has gone up hugely again and is going to go up another 60%. Even removing VAT entirely would still leave many products costing more and prices continue to rise due to external factors.

Removing/cutting VAT also doesn't target those more who need it more. Realistically while I am dreading spending several thousand pounds on gas this winter I can afford to - guess we don't go on holiday next year. I am still buying takeaways and going to the pub and buying luxury products like meat. I do not need cuts, much as I like to moan about it. CUK is probably largely in a similar position. I'd rather help was targeted but how to do that without just giving out cash I don't know.
Could/are 'saver' supermarket brands be given VAT exempt status, or something?

We really need a moderate government who is willing to consider emergency measures that seem a bit 'red'.

We need to increase corporation tax & increase tax on dividends.
But that is communist in thinking, as it means businesses & their shareholders making large profits have to contribute more to the economy.

Use that money to:
1. Improve public transport
2. Reduce the cost of haulage. Not totally sure the best way to reduce the price of HGV fuel that means it actually benefits the driver, rather than increases the profits for the fuel companies.
3. Increase benefits to those who need them. The money that gets spent on food, fuel, etc, is going back into the economy.

[d000hg]

We need to increase corporation tax & increase tax on dividends.
But that is communist in thinking, as it means businesses & their shareholders making large profits have to contribute more to the economy.

Use that money to:
1. Improve public transport
2. Reduce the cost of haulage. Not totally sure the best way to reduce the price of HGV fuel that means it actually benefits the driver, rather than increases the profits for the fuel companies.
3. Increase benefits to those who need them. The money that gets spent on food, fuel, etc, is going back into the economy.

And how does that help people in the next 6 months? You're as bad as the cabinet

Although I would say dividends are taxed fairly highly. Especially considering they are taxed first as company profit and then as personal income. I'm not going to pretend to be informed enough to say much on CT, except as it affects me personally which is somewhat an edge case due to the slightly weird contractor model in the UK.

[malvolio]

We need to increase corporation tax & increase tax on dividends.
But that is communist in thinking, as it means businesses & their shareholders making large profits have to contribute more to the economy.

Use that money to:
1. Improve public transport
2. Reduce the cost of haulage. Not totally sure the best way to reduce the price of HGV fuel that means it actually benefits the driver, rather than increases the profits for the fuel companies.
3. Increase benefits to those who need them. The money that gets spent on food, fuel, etc, is going back into the economy.

All that achieves is most of the fluid capital investments will head elsewhere, such as Ireland, meaning less money in our economy, meaning even greater hardship.

Dropping VAT won't help food and essentials prices, since there isn't any, but it will reduce energy costs and fuel costs, which will have a knock effect on other prices. It also won't affect the suppliers, since VAT isn't their money anyway; petrol and diesel gain even more since VAT is charged on fuel duty, which is the bulk of the pump price anyway, so there is an easy mechanism to reduce petrol prices to us while preserving the suppliers' margins.

[WTFH]

All that achieves is most of the fluid capital investments will head elsewhere, such as Ireland, meaning less money in our economy, meaning even greater hardship.

Ah yes, we must not tax business as they will all flee the country.

[malvolio]

Ah yes, we must not tax business as they will all flee the country.

Of course we should tax businesses, don't be dense. The trick is to tax them at a level that brings new business in to the country. Would you rather have 15% of £1 million or 25% of £500k.

Similarly taxing dividends in counter productive since the rich guys will sell here and buy shares in other lower tax economies (assuming they pay tax at all) while corporate funds such as pensions will see their margins decrease with a negative impact on the people they support.

It's been said several times lately - you can't tax your way out of a recession.

[mattster]

Of course we should tax businesses, don't be dense. The trick is to tax them at a level that brings new business in to the country. Would you rather have 15% of £1 million or 25% of £500k.

Similarly taxing dividends in counter productive since the rich guys will sell here and buy shares in other lower tax economies (assuming they pay tax at all) while corporate funds such as pensions will see their margins decrease with a negative impact on the people they support.

It's been said several times lately - you can't tax your way out of a recession.

So basically don't tax the rich because they will just leave, don't tax the poor because they don't have any money, just carry on taxing the middle classes until the pips squeak? You're just describing current policy. We need to start taxing the rentiers and cut tax on labour. Land would be a good start since the rich can't take that with them.

[WTFH]

So basically don't tax the rich because they will just leave, don't tax the poor because they don't have any money, just carry on taxing the middle classes until the pips squeak? You're just describing current policy. We need to start taxing the rentiers and cut tax on labour. Land would be a good start since the rich can't take that with them.

That's it.According to mal's thinking, if we start making Rees-Mogg, Sunak, etc pay their fair share of taxes, then they will sell all their houses and go live elsewhere. The drop in housing prices would be really bad. In his book we need them more than they need us.

[malvolio]

Pointless arguing. You're both wrong, end of.

[hugebrain]

Why doesn’t the press report on:

1. Rishi killed thousands when his “eat out to die out” scheme helped spread the Coronavirus.

2. Rishi made millions for his family business by changing the tax rules to favour his company over the British companies that were its competitors.

3. Rishi bankrupted the country, largely by deliberately handing out money to criminals.

Never see any of these in the main news (maybe Soros owns them both).