Budget 2015

[Nibble]

Ridiculous over generalisation. Bit like saying all Labour policies are good and all Tory ones are bad.

The whole point is that when rates go up as a result of economic improvement, its the savers who will benefit.

Yes, quite right. I misread an article severely. Got the wrong end of the stick. Apologies.

 

[Hampster Gull]

governments spend money into existence by keyboard taps at the central bank
as long as they maintain monetary sovereignty (unlike in the eurozone)
they can no more run out of money than u can run out any other unit of measurement.

Lots of extra money bring pumped into eurozone now. Govts cant run out of money but can end up as basket cases such as Weimar's Republic and Zimbabwe.

 

[LamieRobertson]

Russell Brand?

lol...nice reply..i don't think he copes with strong women

 

[LamieRobertson]

Who knows, but revolution is inevitable if current trends continue. As inequality continues to increase at such an unprecedented rate, it's only a matter of time. People are quite obviously incredibly disillusioned with politics, their working lives and their futures - by taking even more away from the people who have the least to lose, it will only bring us closer to a widespread discontentment which will ultimately lead to a revolution.

What would revolution in Britain look like? We can only speculate. In an ideal world it would be democratic - perhaps our political parties, or maybe a revolutionary leader, would stand up against the oligarchy and gain the universal support of the public... but I think we can all agree that's very unlikely. More likely are waves of mass protests and civil disobedience, as a multitude of factors continue to strain the quality of lives of regular people (unfettered inequality, technological unemployment, housing crises, and so on) giving the defenders of the state, such as the police and the army, a moral choice who to back - and there could only ever be one winner here - the state would have to reform or stand down.

This budget, like all the rest in recent decades, is all about feeding us crumbs while the astronomically rich minority run away with most of the pie - and they sugar coat it in such a way that many of us are convinced that it is actually good thing. We are desperate for more radical and progressive policies that genuinely will improve our quality of lives, there is more than enough wealth for prosperity for all - but tragically it is in the wrong places and our democracy is powerless to do anything about it.

It's going to be an interesting few decades.

I'm not so sure its inevitable....you might get some more riots if they don't sort out youth unemployment/inner city housing etc..but most of us will be barricaded behind our front doors until the every shrinking police force sorts it out with the Army (whats left of it) mopping up

I thought the 60's and 70's were quite interesting

 

[Kevlar]

Licences don't work ( you only need to see how easy it is to circumvent B&H's licence rules ) and by limiting the number of licences you would limit supply thus pushing up rents.

I favour a number of measures
limiting landlord licenses is to make more property available for owner occupation
to counter the advantages of the greater spending power of landlords over first time buyers
as I said I would also introduce rent controls
and build dedicated student accomodation to free up more supply

 

[Herr Tubthumper]

I favour a number of measures
limiting landlord licenses is to make more property available for owner occupation
to counter the advantages of the greater spending power of landlords over first time buyers
as I said I would also introduce rent controls
and build dedicated student accomodation to free up more supply

13% "tax" on house purchases would sort things out....as it does in Germany.

 

[supaseagull]

Who knows, but revolution is inevitable if current trends continue. As inequality continues to increase at such an unprecedented rate, it's only a matter of time. People are quite obviously incredibly disillusioned with politics, their working lives and their futures - by taking even more away from the people who have the least to lose, it will only bring us closer to a widespread discontentment which will ultimately lead to a revolution.

What would revolution in Britain look like? We can only speculate. In an ideal world it would be democratic - perhaps our political parties, or maybe a revolutionary leader, would stand up against the oligarchy and gain the universal support of the public... but I think we can all agree that's very unlikely. More likely are waves of mass protests and civil disobedience, as a multitude of factors continue to strain the quality of lives of regular people (unfettered inequality, technological unemployment, housing crises, and so on) giving the defenders of the state, such as the police and the army, a moral choice who to back - and there could only ever be one winner here - the state would have to reform or stand down.

This budget, like all the rest in recent decades, is all about feeding us crumbs while the astronomically rich minority run away with most of the pie - and they sugar coat it in such a way that many of us are convinced that it is actually good thing. We are desperate for more radical and progressive policies that genuinely will improve our quality of lives, there is more than enough wealth for prosperity for all - but tragically it is in the wrong places and our democracy is powerless to do anything about it.

It's going to be an interesting few decades.

The Country was in a far more revolutionary mood in the late 70s/early 80s and most people couldn't be arsed at that point. What makes you think that it could happen over the next 10-20 years?

 

[supaseagull]

Ridiculous over generalisation. Bit like saying all Labour policies are good and all Tory ones are bad.

The whole point is that when rates go up as a result of economic improvement, its the savers who will benefit.

Shame most normal people can't afford to save therefore meaning that only the wealthy will benefit.

 

[Chicken Run]

Who knows, but revolution is inevitable if current trends continue. As inequality continues to increase at such an unprecedented rate, it's only a matter of time. People are quite obviously incredibly disillusioned with politics, their working lives and their futures - by taking even more away from the people who have the least to lose, it will only bring us closer to a widespread discontentment which will ultimately lead to a revolution.

What would revolution in Britain look like? We can only speculate. In an ideal world it would be democratic - perhaps our political parties, or maybe a revolutionary leader, would stand up against the oligarchy and gain the universal support of the public... but I think we can all agree that's very unlikely. More likely are waves of mass protests and civil disobedience, as a multitude of factors continue to strain the quality of lives of regular people (unfettered inequality, technological unemployment, housing crises, and so on) giving the defenders of the state, such as the police and the army, a moral choice who to back - and there could only ever be one winner here - the state would have to reform or stand down.

This budget, like all the rest in recent decades, is all about feeding us crumbs while the astronomically rich minority run away with most of the pie - and they sugar coat it in such a way that many of us are convinced that it is actually good thing. We are desperate for more radical and progressive policies that genuinely will improve our quality of lives, there is more than enough wealth for prosperity for all - but tragically it is in the wrong places and our democracy is powerless to do anything about it.

It's going to be an interesting few decades.

Interesting...Some would have you believe the last 5 years were from a moral pov been the toughest in many years for the working man, I don't remember much civil disorder, and remember as sure as light is day students and the like do grow up!

 

[vegster]

Not much sign of the penny off a pint last night ? Has it been introduced yet ? It would be most helpful as I was tucked up for £14.50 for 2 pints,a Whisky and Ginger and a Coke last night at the pub quiz, I could have saved tuppence on my round. Hurry up George.

 

[Herr Tubthumper]

Not much sign of the penny off a pint last night ? Has it been introduced yet ? It would be most helpful as I was tucked up for £14.50 for 2 pints,a Whisky and Ginger and a Coke last night at the pub quiz, I could have saved tuppence on my round. Hurry up George.

I'm looking forward to a penny off my oak barrel aged dry-hopped Tripel IPA

 

[drew]

Let's hope your home and savings when you die aren't worth more than the pathically low £375k then.

Depends, if the estate is passed on to a surviving spouse then there is no inheritance to pay and when that spouse dies, the threshold is then £750k. How many estates exceed that?

 

[beorhthelm]

Not much sign of the penny off a pint last night ? Has it been introduced yet ? It would be most helpful as I was tucked up for £14.50 for 2 pints,a Whisky and Ginger and a Coke last night at the pub quiz, I could have saved tuppence on my round. Hurry up George.

excise duty usually takes effect at midnight after the budget announced. a penny will be absorbed by the brewery and the publican, i wouldn't expect to see many places drop their price.

 

[Hotchilidog]

Depends, if the estate is passed on to a surviving spouse then there is no inheritance to pay and when that spouse dies, the threshold is then £750k. How many estates exceed that?

A minuscule amount. The current threshold only applies to around 6-10% of estates. My mum died recently, the estate was worth considerably less than a pathetically low £375,000. It was however enough to help both myself and brother out, and I'm grateful for that. The whole notion that £375,000-£750,000 is not a lot of money is just ridiculous and shows us that those who have that sort of money live on a totally different planet to the rest of us. Any relief on such sums just goes to serve those who already have enough to get by on.

 

[Driver8]

Depends, if the estate is passed on to a surviving spouse then there is no inheritance to pay and when that spouse dies, the threshold is then £750k. How many estates exceed that?

It's £650k. £325k each.

 

[sten_super]

A minuscule amount. The current threshold only applies to around 6-10% of estates.

I wonder how many it would apply to if you removed the effects of house price inflation as well? I'm sure it would be a small fraction of even the 6-10%. It would certainly put to bed the "double taxation" argument.

 

[Moshe Gariani]

I wonder how many it would apply to if you removed the effects of house price inflation as well? I'm sure it would be a small fraction of even the 6-10%. It would certainly put to bed the "double taxation" argument.

Quite. The "double taxation" argument is as close as makes no difference to complete bollocks.

A tiny fraction of one percent of people pay inheritance tax on earned income. It is only the ridiculous capitalist housing boom which means people have inheritance tax bills.

 

[LamieRobertson]

Quite. The "double taxation" argument is as close as makes no difference to complete bollocks.

A tiny fraction of one percent of people pay inheritance tax on earned income. It is only the ridiculous capitalist housing boom which means people have inheritance tax bills.

Rock on comrade

 

[Moshe Gariani]

Rock on comrade

It is the biggest single iniquity that ordinary people have to suffer. A whole generation are being blighted by the need for both parents to work and then still only to line further the pockets of an already advantaged landlord.

As long as that is fine by you then I suppose it's all OK.

 

[LamieRobertson]

It is the biggest single iniquity that ordinary people have to suffer. A whole generation are being blighted by the need for both parents to work and then still only to line further the pockets of an already advantaged landlord.

As long as that is fine by you then I suppose it's all OK.

Therein shows how you jump to conclusions ..from a light hearted comment ..have a nice day