Quite. This is shocking. I had a similar exchange with someone in a situation not dissimilar today.
Growth, is it, for which we are sacrificing everything, Lizzie?
Cancer, more like.
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[Politics] Liz Truss **RESIGNS 20/10/2022**
- Thread starter Ethelwulf
- Start date
Quite. This is shocking. I had a similar exchange with someone in a situation not dissimilar today.
Growth, is it, for which we are sacrificing everything, Lizzie?
Cancer, more like.
Indeed. Your astonishment is unsurprising. Yet it is amazing how much is not known by so many who are certain they understand so much.
And it’s not just the direct hit in the new year. What happens when the next TV contract comes up when thousands have had to cancel their Sky / BT subscriptions for the same reasons? And that’s before we even get to the off-field problems of the club’s energy bills, supporting club staff (or risk losing them) etc.
Some debate about grammar schools on here. The irony for Truss who loves them (despite the evidence being that overall negative impact on achievement) is that the education Secretary who closed the most during their tenure went on to become prime minister. Yes. Margaret Thatcher closed more grammar schools as education Secretary than anyone else.
She was another simpleton who stumbled onto her Big Idea (given to her by others) in middle age, after a nondescript lifetime of being lobby fodder.
- Jul 10, 2003
- 27,751
You mean people claiming you don't know when your own school went comprehensive
Not that long. New schools were being built in the 60s and 70s - and all the new ones were comprehensive from the start (though they still segregated pupils by ability - at least the ones that I knew did).I think it took years to roll out. At my school the first year (11 year olds) only went comprehensive in 1976, the year I left, so 1982 before the whole school was comprehensive
That sort of thing
ManOfSussex
We wunt be druv
Having changed jobs over the summer, they happen to be a client of the company I now work for. Sky are struggling to cope now, in terms of processing, with the sheer volume of equipment being sent to them that has to be returned to when people cancel their subscriptions as per T&C's.
Top tip - if anyone cancels with Sky and has to return equipment DO NOT lose or throwaway the Royal Mail tracking number from the bar code.
Brian Potter
Well-known member
Mate of mine owns a small cafe/deli here in our village. His electric company have told them their new rates are as follows Cost per unit - up from 20p to £1.13 / Standing Charge - up from 78p per day to £4. On their average use that is an increase of £1650 a month. He is now seriously considering closing the doors. Thousands of SME's all over the country are being faced with this. That is Truss's growth plan in action right there.
How much more should we borrow/tax to cover bills of others?
Tom Bombadil
Well-known member
Well maybe, just maybe, we shoudn't have been cutting taxes at this particular point in time
I agree we shouldn’t have.
But then people moan taxes are too high.
But how much is the 45p drop worth? Doesn’t touch the sides
Certainly not the billions we are paying out for the energy bills.
- Jul 10, 2003
- 27,751
Truss and Kwarteng moan that taxes are too high, I haven't noticed too many others
And we certainly wouldn't want to tax the profits from energy companies to cover 'the billions we are paying out for energy', would we
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
missed all the crying over the NI rise for social care. not much about what happens to that now that funding is cut, implied it will carry on but paid by debt. expect to be cut back dramatically.
But Climate Minister Graham Stuart denied a Times report that a campaign had been blocked by Downing Street.
He said UK energy was secure despite a National Grid warning of blackouts.
https://www.bbc.co.uk/news/uk-politics-63170588
National Grid warns of blackouts. Tory minister says "nah. not going to happen."
Who to trust eh? Who to trust?
He said UK energy was secure despite a National Grid warning of blackouts.
https://www.bbc.co.uk/news/uk-politics-63170588
National Grid warns of blackouts. Tory minister says "nah. not going to happen."
Who to trust eh? Who to trust?
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,262
Hungary - a country in the EU and with a corporation tax rate of just 9% - is forecast to grow by 2.1% in 2023, so below the 2.5% government target for here in the UK. However, Ireland's 2023 growth projection is 3.9% and they have a 12.5% CT rate.
Low tax rates by themselves won't ensure growth, especially when there is a labour shortage. 8 in 10 UK businesses looking to recruit are having problems sourcing labour.
Low tax rates by themselves won't ensure growth, especially when there is a labour shortage. 8 in 10 UK businesses looking to recruit are having problems sourcing labour.
Yup. Ireland and Hungary have unrestricted access to the huge EU workforce. We don’t.
What is the point in having a low corporation tax rate to attract investment in the UK if you don’t have enough people to fill the potential jobs that will result from the massive sort of investment you are trying to pull in?
I suppose the bloody Anti-Growth-Coalition will recommend we join the European Single Market in a similar way to other non-EU countries such as Iceland, Liechtenstein, Norway & Switzerland. But that’s ‘bad’ growth.
For as long as we remain out of the single market our economy will continue to shrink. There is a reason sensible people didn’t wish to leave.
BenGarfield
Active member
The UK government doesnt have to "borrow" anything to pay for public services as it is the issuer of the pound. Taxes are there to ensure a demand for the currency and amongst other things, depending on the political flavour of the government, ensure equity, and to promote other desirible behaviour - e.g. tax on cigarettes and alcohol. Taxes are not required for funding public expenditure.
Baldseagull
Well-known member
I am not sure quite how it works, but I am pretty sure UK Government has subsidised the costs of Wind power in the past, to ensure they got built. Maybe there is already a payback going on, but if there isnt that would be my first port of call. Then there is the war we taxpayers are in part funding the continuation of too, which is a large part of the Gas shortages driving the price up. It seems fair to me that the producers getting record profits from the war we are funding should face some additional tax on the excess profits.