- 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!
Reply to: I thought we were in massive debt?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "I thought we were in massive debt?"
Collapse
-
What's the problem with giving £7 billion to Ireland? All we have to do is run the printing presses overtime next Sunday. All it costs is James (the guy who runs the presses) and his mate's Sunday overtime - total real cost about £500 for the day.
-
Originally posted by Mich the Tester View PostWell it's nice to see a government thinking caerphilly about how to help people in need.
Leave a comment:
-
Originally posted by Mich the Tester View PostWell it's nice to see a government thinking caerphilly about how to help people in need.
Leave a comment:
-
Originally posted by cailin maith View Post
Leave a comment:
-
Originally posted by Mich the Tester View PostO Christmas brie, O Christmas brie!
Thou brie most fair and dairylea!
Oh Christmas brie, O Christmas brie!
Thou brie most fair and dairylea!
The sight of thee at Christmastide
Spreads hope and gladness far and wide
Oh Christmas brie, O Christmas brie
Thou brie most fair and lovely!
Leave a comment:
-
Originally posted by SupremeSpod View PostChristmas in Ireland, no wise men only the baby cheeses!
Thou brie most fair and dairylea!
Oh Christmas brie, O Christmas brie!
Thou brie most fair and dairylea!
The sight of thee at Christmastide
Spreads hope and gladness far and wide
Oh Christmas brie, O Christmas brie
Thou brie most fair and lovely!
Leave a comment:
-
Originally posted by cailin maith View PostYum cheese
Never heard of this free Cheese though! Gutted, we're not even going home for Christmas -
The Baby CheesesLast edited by SupremeSpod; 17 November 2010, 13:59.
Leave a comment:
-
Yum cheese
Never heard of this free Cheese though! Gutted, we're not even going home for Christmas -
The Baby Cheeses
Leave a comment:
-
Originally posted by Mich the Tester View PostCheese again;
Government to let them eat cheese - The Irish Times - Fri, Nov 05, 2010
I see the economic crisis has done nothing for the Irish sense of humour; this is almost CUK'ish in its desperation;
Leave a comment:
-
Cheese again;
Government to let them eat cheese - The Irish Times - Fri, Nov 05, 2010
I see the economic crisis has done nothing for the Irish sense of humour; this is almost CUK'ish in its desperation;
Fine Gael’s agriculture spokesman Andrew Doyle reacted with scepticism to the plan.
“Fianna Fáil and the Greens gouda be kidding,” he said. “People on the breadline would rather the Government’s unfeta’d attention was on solving the economic crisis they caused and providing jobs rather than on this ridiculous announcement."
Leave a comment:
-
Originally posted by AtW View Post"Cost of National Debt: The cost of National debt is the interest the government has to pay on the bonds and gilts it sells. In the first six months of 2010, the debt interest payments were £21.6bn, suggesting an annual cost of around £43bn (3% of GDP)"
Source: UK National Debt — Economics Blog
So £7 bln is around 2 months worth of UKs interest debt payments. If Ireland falls and its bond holders register losses then it would reduce demand for Govt debt apart from safe heavens (UK isn't one of them - USA might still qualify), so you'd sell less gilts at higher interest rate and also will have to print money to buy unsold gilts from Govt.
Now what EU should do is tell Ireland in certain terms to stop being a legit offshore and increase tax rates for things like corp tax (12% I think) - something like 15-18% would be closer to fair deal and UK should reduce their own to the same level that should be common across all Europe (plus minuse few percentage points).
Leave a comment:
-
Originally posted by CheeseSlice View PostWe should also get in on their 'Free Cheese' thing.
Mmmmm.. cheese
Leave a comment:
-
Originally posted by Mich the Tester View PostWTF do you want Dublin for? It's got some good pubs, two decent universities and one or two nice buildings, but an awful lot of sink estates too.
I say give them 7 billion on the condition they take that bloody NI off our hands.
Leave a comment:
-
Originally posted by Troll View PostPlease explain the logic behind that statement
Source: UK National Debt — Economics Blog
So £7 bln is around 2 months worth of UKs interest debt payments. If Ireland falls and its bond holders register losses then it would reduce demand for Govt debt apart from safe heavens (UK isn't one of them - USA might still qualify), so you'd sell less gilts at higher interest rate and also will have to print money to buy unsold gilts from Govt.
Now what EU should do is tell Ireland in certain terms to stop being a legit offshore and increase tax rates for things like corp tax (12% I think) - something like 15-18% would be closer to fair deal and UK should reduce their own to the same level that should be common across all Europe (plus minuse few percentage points).
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: