Originally posted by DimPrawn
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Oh Dear - The 'hidden' jobless
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Originally posted by TimberWolf View PostWho is investing in Sterling, apart from the UK taxers payer's children's grandchildren and today's savers? If it's people who know what they are doing, why isn't the future doomed price built in to today's price? Perhaps investors don't care about long-term and speculate short term, or maybe they haven't got a clue what's going on either?Step outside posh boyComment
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Originally posted by Churchill View PostLinky?
http://www.telegraph.co.uk/news/ukne...x-revenue.htmlJoin the No To Retro Tax Campaign Now
"Tax evasion is easy: it involves breaking the law. By tax avoidance OECD means unacceptable avoidance ... This can be contrasted with acceptable tax planning. What is critical is transparency" - Donald Johnston, Secretary-General, OECDComment
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Originally posted by Tarquin Farquhar View PostWho is investing in Sterling? The BofE. I.e. us. And ISTR that stops next month.
Now whoever accepts that printed paper in exchange for goods and/or services actually invests into sterling.
HTHComment
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Originally posted by Emigre View Post
Benefit payouts will exceed income tax revenue
The state will pay out more in social security benefits than it raises from workers in income tax this year.
Treasury figures show that welfare payments will exceed income tax receipts by almost £25 billion. Normally, income tax receipts comfortably cover the benefits bill.My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.Comment
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"Benefit payouts will exceed income tax revenue
The state will pay out more in social security benefits than it raises from workers in income tax this year.
Treasury figures show that welfare payments will exceed income tax receipts by almost £25 billion. Normally, income tax receipts comfortably cover the benefits bill."
How often has this ever happened before in the UK?Comment
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It last happened 2000. But:
"Delivering his 2000 Budget speech, Mr Brown made clear that money spent on debt and welfare was money lost to the public services. He said: "Our promise was to reduce the costs of failure - the bills for unemployment and debt interest - in order to reallocate money to the key public services.""Comment
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Originally posted by MrMark View PostWell you say that, yet the pound seems to be appreciating in value, if anything. You would have thought the shrewd currency speculators would have already pushed the pound down to nothing?
I reckon there's a big oil-field about to be discovered under Wiltshire...Comment
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Originally posted by AtW View PostBofE does not invest into sterling - it prints them.
Now whoever accepts that printed paper in exchange for goods and/or services actually invests into sterling.
HTHStep outside posh boyComment
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