Current Affairs The Conservative Party

[dublinbluenose]

Err

 

[sbbefc]

I don't understand the stamp duty cut. The problem with the housing market is that not enough are built, but they won't go near the planning system because they're scared of losing elections, like the byelection they lost to the Lib Dems primarily on NIMBYism.

The vast majority of planning applications get approved, it's in the 90+% range. Fact is, a lot of hose builders chose to sit on their permissions.

 

[neil999]

If anyone who vaguely earns a normal Amount of money votes tory again they should not be allowed out of bed for 10 years

 

[ToffeeTim]

They are going to have to borrow an awful lot with these policies, so it seems a bit weird that the BOE raised interest rates yesterday. Those two things seem to be at odds with each other.

 

[dublinbluenose]

Undoubtedly someone is making a killing on the pound this morning. I wonder if it is anyone who funds certain think tanks in the city of London?

 

[neil999]

I mean they've gone mental havent they?!

 

[tsubaki]

The only way this plan could ever hope to work is for the geopolitical situation to return to a semblance of normality, so I guess Zelensky et al should expect a phone call from the FO sometime soon telling them its time to make some tough decisions.

 

[ToffeeTim]

I mean they've gone mental havent they?!

The markets have, but they aren't always right tbf.

The logic and economic theory behind this is they will grow their way out of problems. Normally that's something I agree with but it's a long term plan, not something you do short term with crazy energy prices.

We're in a really bad position. We need to keep the tax takings up to fund services but equally businesses are struggling and could do with tax cuts so they don't start reducing their labour force. I'm glad I'm not in charge!

 

[neil999]

The markets have, but they aren't always right tbf.

The logic and economic theory behind this is they will grow their way out of problems. Normally that's something I agree with but it's a long term plan, not something you do short term with crazy energy prices.

I understand logic of cutting 45% rate, but you don't do it when people can't afford to heat their homes, I cannot see how people will vote for this surely....

 

[Bohemian Toffee]

I mean they've gone mental havent they?!

They were never sane to start with.

The people they are pandering to are making one last screw-the-planet and screw-you-all because here comes Elon Musk to ferry us all to Mars bid to flay every last penny out of the country, taxpayers and institutions.

But the motivation of the donors has always been greed; it's the swivel eyed lunatics that attend the meetings and lap all this up that are the real threat.

Change the electoral system, make people's votes count and reclaim your country.

 

[ToffeeTim]

I understand logic of cutting 45% rate, but you don't do it when people can't afford to heat their homes, I cannot see how people will vote for this surely....

It's pretty much an economic experiment. They reckon that the 45% rate is acting as a deterrent to further work and entrpreneurship, and that a lower rate will boost productivity to the point where you actually bring in more at the lower rate. At least that's what the argument in the A level textbook said...

But the issue is that some of the biggest earners in the country are footballers and not entrepreneurs and that's where the argument falls down a bit! Good time to be on a 5 year deal at 120 grand a week!

 

[dublinbluenose]

The markets have, but they aren't always right tbf.

The logic and economic theory behind this is they will grow their way out of problems. Normally that's something I agree with but it's a long term plan, not something you do short term with crazy energy prices.

Where will the growth come from though? BofE will have to raise interest rates again making it very hard for small businesses to borrow or payback loans. CEO's would want to be buying a hell of a lot of coffees and hair cuts to filter any of these tax cuts back into the economy.

 

[mahermi1]

Hope the people finally wake up to the realisation they have been conned massively
All Tax cuts being of major benefit to the super rich, I mean the top level of tax has been dropped by 5 pence in the pound, surely now with an economy in crises, inflation rising higher than ever and the cost of living killing ordinary families, the penny will finally drop and people who think they are Tories, will realise the tory party have only one pay master...themselves.

 

[ToffeeTim]

Where will the growth come from though? BofE will have to raise interest rates again making it very hard for small businesses to borrow or payback loans. CEO's would want to be buying a hell of a lot of coffees and hair cuts to filter any of these tax cuts back into the economy.

It's not aimed at CEO's really. It's aimed at sole traders, partnerships (unincorporated small businesses etc), who will hopefully reinvest their tax savings into their businesses. 45% on profits > 150k for a sole trader v 19% on profits for a company under CT is the real comparison here. Should there be a 26% differential?

There probably should be an argument on the taxation of employment income versus trading profits under the income tax system in the UK. Should they be at the same rates - should someone carrying the risk of running their own businesses be taxed at the same rates as a high earning employee? But that's probably an argument for another day.

 

[Voodoo Billy]

Looks like the budget of a party who know full well that they won't be winning the next election and they're doing everything they can to assist their paymasters before they're dumped.