Thedelldays Posted 13 May, 2010 Share Posted 13 May, 2010 guess it was only a matter of time... I reckon it will go up to 19% this year and then up to 20% next year..and stay for another 2 years..then back to £17.5% Link to comment Share on other sites More sharing options...
dune Posted 13 May, 2010 Share Posted 13 May, 2010 If i was chancellor i'd whack it up to 25% and hammer down the countrys deficit and debt. Link to comment Share on other sites More sharing options...
John B Posted 13 May, 2010 Share Posted 13 May, 2010 guess it was only a matter of time... I reckon it will go up to 19% this year and then up to 20% next year..and stay for another 2 years..then back to £17.5% Heard an interesting discussion on Radio 5 live where one economist said it was a good thing but another who seemed to have a computer model said it would not and do more harm than good. God knows what is going to happen it is not going to be easy Link to comment Share on other sites More sharing options...
John B Posted 13 May, 2010 Share Posted 13 May, 2010 If i was chancellor i'd whack it up to 25% and hammer down the countrys deficit and debt. You would have thought that would be a good solution but I dont think it is as simple as that Link to comment Share on other sites More sharing options...
solentstars Posted 13 May, 2010 Share Posted 13 May, 2010 guess it was only a matter of time... I reckon it will go up to 19% this year and then up to 20% next year..and stay for another 2 years..then back to £17.5% sorry i think it will be 20% for the foreseeable future the tories increased vat from 8% to 17 and half percent and it has never gone back down. Link to comment Share on other sites More sharing options...
Ponty Posted 13 May, 2010 Share Posted 13 May, 2010 At least VAT can be considered a fair tax. If you have more money, and ergo buy more stuff, then you pay more tax. Link to comment Share on other sites More sharing options...
Ponty Posted 13 May, 2010 Share Posted 13 May, 2010 Petrol is gonna go through the f**king roof though. Link to comment Share on other sites More sharing options...
John B Posted 13 May, 2010 Share Posted 13 May, 2010 sorry i think it will be 20% for the foreseeable future the tories increased vat from 8% to 17 and half percent and it has never gone back down. They put it up to 15% but then because of problems with community charge increased it to 17.5% and reduced the community charge people paid. I was working for a Community Charge Software supplier and it caused havoc as the change happened when some councils had billed and some had not But I agree it seems the a fair way to increase tax revenue if it does not reduce GDP Link to comment Share on other sites More sharing options...
Thedelldays Posted 13 May, 2010 Author Share Posted 13 May, 2010 Petrol is gonna go through the f**king roof though. time to get me a diesel Link to comment Share on other sites More sharing options...
Andy_Porter Posted 13 May, 2010 Share Posted 13 May, 2010 time to get me a diesel Doesn't make a huge difference really, not really noticable unless you're doing a shed load of miles or got a really thirsty car. I get about 400 miles from £50 in my 1.3 combo CDTA, not much better than what i got from my corsa. Link to comment Share on other sites More sharing options...
dune Posted 13 May, 2010 Share Posted 13 May, 2010 Doesn't make a huge difference really, not really noticable unless you're doing a shed load of miles or got a really thirsty car. I get about 400 miles from £50 in my 1.3 combo CDTA, not much better than what i got from my corsa. I get 800 miles out of a tank in my audi 2.0 tdi. Admittedly the tank is 70 litres so costs about £100 to fill from empty but it's far more efficient than a petrol. Link to comment Share on other sites More sharing options...
GenevaSaint Posted 14 May, 2010 Share Posted 14 May, 2010 guess it was only a matter of time... I reckon it will go up to 19% this year and then up to 20% next year..and stay for another 2 years..then back to £17.5% Once it's up TDD it's never coming back down I'm afraid. Link to comment Share on other sites More sharing options...
trousers Posted 14 May, 2010 Share Posted 14 May, 2010 The European average VAT rate is c. 20% I believe. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 15 May, 2010 Share Posted 15 May, 2010 It'll go up to 20% and stay there. Dropping it to 15% was a mistake in my opinion. It makes more sense to tax spending instead of earning. Link to comment Share on other sites More sharing options...
Saint_clark Posted 16 May, 2010 Share Posted 16 May, 2010 time to get me a diesel Time to get a bicycle... Link to comment Share on other sites More sharing options...
Mr Tickle Posted 16 May, 2010 Share Posted 16 May, 2010 Is any one actually suprised!!! ??? Its a typical Tory thing to do!!! VAT on fuel bills anyone??? Ah yes that was another great Tory legacy. Its only going to get worse here on in with the Con-Dem Administration. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 16 May, 2010 Share Posted 16 May, 2010 Is any one actually suprised!!! ??? Its a typical Tory thing to do!!! VAT on fuel bills anyone??? Ah yes that was another great Tory legacy. Its only going to get worse here on in with the Con-Dem Administration. So Mr Tickle, where do you propose that the Billions upon Billions, this country owes in debt, comes from. Who is to pay? Labour, not for the first time, has caused this debt, by borrowing to pay for it's policys. Th Conservatives, not for the first time, are now having to clean up the sh1t, that is Labours legacy. Look forward to your answer. Link to comment Share on other sites More sharing options...
Wade Garrett Posted 16 May, 2010 Share Posted 16 May, 2010 At least VAT can be considered a fair tax. If you have more money, and ergo buy more stuff, then you pay more tax. Not necessarily. It hits lower income earners proportionally more. They still need to spend much of their income to live. What's unfair about income tax? Link to comment Share on other sites More sharing options...
Wade Garrett Posted 16 May, 2010 Share Posted 16 May, 2010 So Mr Tickle, where do you propose that the Billions upon Billions, this country owes in debt, comes from. Who is to pay? Labour, not for the first time, has caused this debt, by borrowing to pay for it's policys. Th Conservatives, not for the first time, are now having to clean up the sh1t, that is Labours legacy. Look forward to your answer. And there was me thinking it was caused by the Tory bankers and their greed. Link to comment Share on other sites More sharing options...
CB Saint Posted 16 May, 2010 Share Posted 16 May, 2010 Not necessarily. It hits lower income earners proportionally more. They still need to spend much of their income to live. What's unfair about income tax? Food and childrens clothes, for example, are outside the scope of VAT so will not be affected. I would advocate more "essentials" (not things like sky) being exempt and the VAT rate going up to 25%, that way the low income people's cost of their weekly shopping basket falls and the higher incomes will contribute more through higher spending on non essentials. You could argue that raising income tax is fair but we already have a 50% rate - if you raise it further the UK ceases to become an attractive place to live. If that happens you lose the incomes altogether as people relocate. This is already happening as Switzerland is aggressively targetting our financial services sector by offering big tax breaks to companies and low rates of income tax. Whatever we think about the bankers, we need them. For instance Barclays generated tax revenues of £500m in the first three months of the year predominately through investment banking. £2bn a year is a lot to replace. Link to comment Share on other sites More sharing options...
OldNick Posted 16 May, 2010 Share Posted 16 May, 2010 And there was me thinking it was caused by the Tory bankers and their greed.Wade, we were overspending as nation before the banking crisis. The debt is not all about the banks. Now we have a new government in they may well bring out into the open the hidden debt. Itr will be like PFC, at first it is 35m then 70 m and before long it doubled. We had a credit card government and we all have to pay towards the interest Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 16 May, 2010 Share Posted 16 May, 2010 Not necessarily. It hits lower income earners proportionally more. They still need to spend much of their income to live. What's unfair about income tax? The staple items are not subject to VAT. What's fair about income tax where some people pay nothing and some pay 50%? Link to comment Share on other sites More sharing options...
Wade Garrett Posted 16 May, 2010 Share Posted 16 May, 2010 The staple items are not subject to VAT. What's fair about income tax where some people pay nothing and some pay 50%? You make a fair point Grandad. And after all, we do have a deficit to pay. I'll let you have that one. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 16 May, 2010 Share Posted 16 May, 2010 You make a fair point Grandad. And after all, we do have a deficit to pay. I'll let you have that one. Thanks, but I take no pleasure in it. Unfortunately the money has already been spent and now we have to pay back the borrowing. At the moment it is £43billion a year and rising. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 16 May, 2010 Share Posted 16 May, 2010 If i was chancellor i'd whack it up to 25% and hammer down the countrys deficit and debt. You would have thought that would be a good solution but I dont think it is as simple as that In that scenario I could see many people tightening their belts like we have never known. Sadly the knock on effect would be job losses not only in manufacturing but also the service industry because people will stay home rather than go out. They will have little choice. Link to comment Share on other sites More sharing options...
Wade Garrett Posted 16 May, 2010 Share Posted 16 May, 2010 In that scenario I could see many people tightening their belts like we have never known. Sadly the knock on effect would be job losses not only in manufacturing but also the service industry because people will stay home rather than go out. They will have little choice. So the VAT rise could increase welfare payments by the state. Lots of decent arguments from both sides of the fence today. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 16 May, 2010 Share Posted 16 May, 2010 So the VAT rise could increase welfare payments by the state. Lots of decent arguments from both sides of the fence today. The worrying aspect of VAT rising and subsequent welfare payment increases would be that the feckless would have even more reason not to work! Not that there will be a plethora of jobs out there. As has been said, many times, some difficult decisions to be made. Link to comment Share on other sites More sharing options...
Saint George Posted 17 May, 2010 Share Posted 17 May, 2010 Only one way y'all are gunna get out the mess the Socialist's have got y'all in....and that's follow 'SG's Guide to post Socialst era recovery' Increase welfare payments,(yup 'increase') but limit them to a max of 9 months for the next 3 years there after reduce to 6 months max. After that you're either 'cut' or you work for 2-3 quid an hour on community type work, cleaning out canals, clearing forestry fire breaks, or maintenance on schools etc....... Do the same for the more minor incapacity benefits. Introduce/reintroduce Prison 'Chain Gangs' for road maintenance etc...If the tax payer has to pay for them, then make them 'earn' their money. Get rid of the thousands of Socialist appointed Nanny 'non jobs'...'5 a day co coordinators', 'Lesbian family planning consultant's, 'Energy waste snoopers/Nazi's', Garbage bin inspectors, etc Save Billions of $$$$ by Facing up to the reality that Climate Change or no Climate Change, there ain't a damned thing Britain can do about it either way.....Still need to secure your energy future though, or it's lights out for y'all.... Stimulate industry and business by killing the "Human rights" act and the vast majority of employment laws and introduce a provision for "Work at will", where both employer and employee can terminate their employment 'at will'...no reason necessary....make a 45hr week the 'norm' End the war on the motorist and more importantly Goods vehicles ...Make transportation cheap, reduce Fuel tax by 90% and end Road Tax, turn back the clock on MOT's, make them a 5 min drive through visual inspection like they were when they were first introduced, or even better scrap it all together....Successful commerce rely on cheap transport and a mobile workforce. Reduce the size of the NHS by 80% and turn it over to private industry leaving 20% spread around the country for the poor and needy...reduce NI contributions by a similar amount...Oh, and extend retirement age by 3 years. Scrap the TV license....make the 'State' media stations stand on their own two feet. Those are just a few for starters........Follow these simple guidelines folks and Trillions will be paid off and y'all be back on your feet before you even know it. Remember where you heard it first....It ain't rocket science....Man, i shoulda came back and ran for President ...i mean Prime Minister Link to comment Share on other sites More sharing options...
trousers Posted 17 May, 2010 Share Posted 17 May, 2010 Only one way y'all are gunna get out the mess the Socialist's have got y'all in....and that's follow 'SG's Guide to post Socialst era recovery' Increase welfare payments,(yup 'increase') but limit them to a max of 9 months for the next 3 years there after reduce to 6 months max. After that you're either 'cut' or you work for 2-3 quid an hour on community type work, cleaning out canals, clearing forestry fire breaks, or maintenance on schools etc....... Do the same for the more minor incapacity benefits. Introduce/reintroduce Prison 'Chain Gangs' for road maintenance etc...If the tax payer has to pay for them, then make them 'earn' their money. Get rid of the thousands of Socialist appointed Nanny 'non jobs'...'5 a day co coordinators', 'Lesbian family planning consultant's, 'Energy waste snoopers/Nazi's', Garbage bin inspectors, etc Save Billions of $$$$ by Facing up to the reality that Climate Change or no Climate Change, there ain't a damned thing Britain can do about it either way.....Still need to secure your energy future though, or it's lights out for y'all.... Stimulate industry and business by killing the "Human rights" act and the vast majority of employment laws and introduce a provision for "Work at will", where both employer and employee can terminate their employment 'at will'...no reason necessary....make a 45hr week the 'norm' End the war on the motorist and more importantly Goods vehicles ...Make transportation cheap, reduce Fuel tax by 90% and end Road Tax, turn back the clock on MOT's, make them a 5 min drive through visual inspection like they were when they were first introduced, or even better scrap it all together....Successful commerce rely on cheap transport and a mobile workforce. Reduce the size of the NHS by 80% and turn it over to private industry leaving 20% spread around the country for the poor and needy...reduce NI contributions by a similar amount...Oh, and extend retirement age by 3 years. Scrap the TV license....make the 'State' media stations stand on their own two feet. Those are just a few for starters........Follow these simple guidelines folks and Trillions will be paid off and y'all be back on your feet before you even know it. Remember where you heard it first....It ain't rocket science....Man, i shoulda came back and ran for President ...i mean Prime Minister It's "licence" (noun) not "license" (verb). Apart from that, all very sound ideas :-) Link to comment Share on other sites More sharing options...
Faz Posted 17 May, 2010 Share Posted 17 May, 2010 I heard some "think-tank" guy on Tv the other morning claiming we spend more on benefits to working people, than we do to the unemployed!!! Where's mine???? Link to comment Share on other sites More sharing options...
Thorpe-le-Saint Posted 17 May, 2010 Share Posted 17 May, 2010 Only one way y'all are gunna get out the mess the Socialist's have got y'all in....and that's follow 'SG's Guide to post Socialst era recovery' Increase welfare payments,(yup 'increase') but limit them to a max of 9 months for the next 3 years there after reduce to 6 months max. After that you're either 'cut' or you work for 2-3 quid an hour on community type work, cleaning out canals, clearing forestry fire breaks, or maintenance on schools etc....... Do the same for the more minor incapacity benefits. - Not a bad idea actually, although if you're incapacitated to any degree you should be let off. Introduce/reintroduce Prison 'Chain Gangs' for road maintenance etc...If the tax payer has to pay for them, then make them 'earn' their money. - Again, not a bad idea in theory. Get rid of the thousands of Socialist appointed Nanny 'non jobs'...'5 a day co coordinators', 'Lesbian family planning consultant's, 'Energy waste snoopers/Nazi's', Garbage bin inspectors, etc - Homosexuals have as much right to raise children/family planning as anyone else St.G... Save Billions of $$$$ by Facing up to the reality that Climate Change or no Climate Change, there ain't a damned thing Britain can do about it either way.....Still need to secure your energy future though, or it's lights out for y'all.... - ********, renewables or nuclear (he says through gritted teeth) Stimulate industry and business by killing the "Human rights" act and the vast majority of employment laws and introduce a provision for "Work at will", where both employer and employee can terminate their employment 'at will'...no reason necessary....make a 45hr week the 'norm' - Ridiculous, you could easily have people abuse the system and sack people on account of their race/religion. 45hr week the 'norm'? Have a day off! End the war on the motorist and more importantly Goods vehicles ...Make transportation cheap, reduce Fuel tax by 90% and end Road Tax, turn back the clock on MOT's, make them a 5 min drive through visual inspection like they were when they were first introduced, or even better scrap it all together....Successful commerce rely on cheap transport and a mobile workforce. - I agree in making all forms of public transport cheaper. Reduce fuel tax but not by 90%. Keep MOTs, I don't want some **** with a unsafe motor to be the reason why I crash on the motorway... Reduce the size of the NHS by 80% and turn it over to private industry leaving 20% spread around the country for the poor and needy...reduce NI contributions by a similar amount...Oh, and extend retirement age by 3 years. - "Lol"-able Scrap the TV license....make the 'State' media stations stand on their own two feet. - Keep the fee, just reduce it. I think I've been quite tolerant there St.G...... Link to comment Share on other sites More sharing options...
Patrick Bateman Posted 17 May, 2010 Share Posted 17 May, 2010 I get 800 miles out of a tank in my audi 2.0 tdi. Admittedly the tank is 70 litres so costs about £100 to fill from empty but it's far more efficient than a petrol. Er ... Andy Porter said; "I get about 400 miles from £50 in my 1.3 combo CDTA, not much better than what i got from my corsa." 400x2 = 800 miles £50x2 = £100 So I'd say it's no more efficient on the wallet than Andy's car ... ? Link to comment Share on other sites More sharing options...
dune Posted 17 May, 2010 Share Posted 17 May, 2010 Er ... Andy Porter said; "I get about 400 miles from £50 in my 1.3 combo CDTA, not much better than what i got from my corsa." 400x2 = 800 miles £50x2 = £100 So I'd say it's no more efficient on the wallet than Andy's car ... ? The point is that his car is a small car, wheras mine is a big car and has more poke. Link to comment Share on other sites More sharing options...
Ponty Posted 17 May, 2010 Share Posted 17 May, 2010 I get 800 miles out of a tank in my audi 2.0 tdi. Admittedly the tank is 70 litres so costs about £100 to fill from empty but it's far more efficient than a petrol. I can get my Megane down to 9mpg if I'm really enjoying myself. Worth every penny though, and I'd never sacrifice enjoyment for economy. To add; It'll cruise down the A34 at 80mph returning nigh on 40 mpg. Link to comment Share on other sites More sharing options...
badgerx16 Posted 17 May, 2010 Share Posted 17 May, 2010 ......( whatever St G posted ).......... It's "licence" (noun) not "license" (verb). Apart from that, all very sound ideas :-) Please don't encourage him !!! Link to comment Share on other sites More sharing options...
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