Excuses, Excuses, Excuses

[greenmark]

Farming - whole thing is a right mess...

You have those that have farmed for generations - some own the land some are tenancies.. They struggle year in year out with outrageously complex regulations, huge risks and very little return..

Then there are the lot that have inherited vasts tracks of land and stick some farming on it & stick it in a trust to benefit from inheritance tax breaks, e,g. Duke of Westminster & c350 others across the UK.

Then you have King Charlie & Willie who get to scrutinise the legislation and make sure it doesn't impact them & so pay no inheritance tax on "private" assets.

You would think the legislation should tackle the 2nd & 3rd types, not the "small" family farms...

https://www.theguardian.com/money/2016/ ... -from-hmrc

https://www.theguardian.com/money/2016/ ... y-billions

I am aware of those issues. But think of the guys/gals wanting to pass on their hard won, now valuable assets to their inhertiors to work. If they are now liable for 20% tax above £1million that is like "well F**k this". I know a couple of farmers and believe me 9 till 5 is a piece of cake by comparison, The advantage of farming is you are the boss.
Downside is the constant pressure from supermarkets, they are pretty much the only buyers.
Our food chain has plunged to low quality, screw the farmers and present crap as quality ("Taste the difference" et al, but they're all the same, crap with a different wrapper).
But if we aren't prepared to pay for quality then so be it.

[ForFolksSake]

Farming - whole thing is a right mess...

You have those that have farmed for generations - some own the land some are tenancies.. They struggle year in year out with outrageously complex regulations, huge risks and very little return..

Then there are the lot that have inherited vasts tracks of land and stick some farming on it & stick it in a trust to benefit from inheritance tax breaks, e,g. Duke of Westminster & c350 others across the UK.

Then you have King Charlie & Willie who get to scrutinise the legislation and make sure it doesn't impact them & so pay no inheritance tax on "private" assets.

You would think the legislation should tackle the 2nd & 3rd types, not the "small" family farms...

https://www.theguardian.com/money/2016/ ... -from-hmrc

https://www.theguardian.com/money/2016/ ... y-billions

And then you have Jeremy Clarkson .... up to his eyeballs in pig shit
Not a happy chappy

[Archery1969]

Latest news…

- NI Employer Tax Increase: The OBR have said it will not raise the expected £25 Billion. More likely £16 Billion as employers will keep wage increases down to compensate.

- Inheritance Tax: The NFU said this will affect around 70,000 farmers, so roughly one third. Costs will be passed onto supermarkets and directly to consumers via farm shops. In essence you’re going to be paying more for your weekly shop.

- VAT changes to Private Schools: Around 35,000 extra children will need to be catered for in public schools. Costing the Education department extra money which hasn’t been allocated during dept spending review. Rumours are 1,400 private schools are bringing legal action against the government to challenge the VAT being withdrawn. Tax payer will be paying for allot of expensive lawyers and court cases.

- Defence spending: The extra £2.9 Billion for next year has already been spent/allocated against hardware procurement. Meaning in real terms there is no extra funding.

- Stamp Duty: Estate agents and mortgage brokers are reporting many first time buyers have pulled the plug after the threshold was reduced from £420,000 to £300,000 overnight. Virgin money has increased its mortgage rates. It’s unclear if others will follow suite.

- The Black Hole: The OBR confirmed that there wasn't a £22 Billion black hole. Its was £9.6 Billion for unaccounted expenditure. A big difference.

Finally: Government borrowing increased significantly overnight as the £ dropped which affects the interest repayments on national debt.

Also, some economists think the next budget in the spring will be worse than the one yesterday.

In a nutshell, transport yourself back to 1955, you will probably feel richer…

[Emmson]

Right wing commentariat trying to engineer a Truss like crash with their short terms graphs and jizzing their pants at the prospect of but they have

Failed

[Emmson]

Right Wing commentariat eager to quote the OBR when it suits them but they didn't want to know about this.

[Michael5482]

Right Wing commentariat eager to quote the OBR when it suits them but they didn't want to know about this.

It's not just a right-wing thing to quote statistics when it suits the agenda, every politician from every party plucks figures/reports or parts of them wherever they like if it suits their said agenda. So do people in general.

Martin Lewis ripped Rachel Reeves a new one the other night on her budget numbers, he systematically broke the numbers down and exposed them on live TV, no wonder she declined to appear on his show. That was as good as it's got to impartiality over the last few days.

[Euler]

I've tried hard over many years to understand the economics of the left, but it has never stacked up for me.

You can't tax your way to long term prosperity or through equality of outcome. You just drag everything down.

It's better to have equality of opportunity. Y, sure you get some strange payoffs, but everybody benefits in the long term.

I've seen in throughout my career and that's what I don't think punishing small business as has happened in the budget and spanking away tax revenue is a viable way to make life better for everybody.

Public sector workers, wouldn't last five minutes in the private sector because it's so difficult, yet they rely on the tax it generates.

[jamesedwards]

Right Wing commentariat eager to quote the OBR when it suits them but they didn't want to know about this.

Conservative supporters voted 58% to 42% in favour of Leave, only marginally ahead of the overall population 52% to 48%.

It's a bit of a broad brush to insinuate that all right wing voters wanted Brexit. I consider myself on the right side of middle, but I certainly didn't think Brexit would be a good idea.

[Archery1969]

Right Wing commentariat eager to quote the OBR when it suits them but they didn't want to know about this.

The country voted to leave the EU on a simple Yes or No vote by a percentage margin. That was the majority peoples vote and wish.

The country voted for a labour government with only a 33% vote share. That means 67% didn’t vote for them. That wasn’t the majority peoples vote or wish.

Did the UK lose £100 billion, probably. But unless the Liberal Democrat’s some how come to power on their own then it’s never going to happen. Why, because the EU now know what the USA has thought all along, the UK needs them more than they need the UK.

But there are bigger problems coming, several think tanks are highlighting the fact that unemployment and the welfare bill will rise to 30% over the next 20 years due to robotics, automation and AI.

Food for thought for those in their 20s and about to be born. Economies and Governments will collapse. It will be back to the 1920s depression with 1,000 or more people queuing up for 1 job etc.

[Euler]

Right Wing commentariat eager to quote the OBR when it suits them but they didn't want to know about this.

Conservative supporters voted 58% to 42% in favour of Leave, only marginally ahead of the overall population 52% to 48%.

It's a bit of a broad brush to insinuate that all right wing voters wanted Brexit. I consider myself on the right side of middle, but I certainly didn't think Brexit would be a good idea.

Having worked in Europe I really valued the right the live and work where I wished. While the EU was flawed, this was a massive benefit.

[greenmark]

Leaving the EU was never about the future of the UK, it was Cameron believing he could crush divisions in the Tory party.
Well it didn't work, Brexit still isn't working. Nobody is rushing to have deals with the UK. The EU are making life as difficult as possible for us.
And the Tory party is still hugely divided.

[Michael5482]

I've tried hard over many years to understand the economics of the left, but it has never stacked up for me.

You can't tax your way to long term prosperity or through equality of outcome. You just drag everything down.

It's better to have equality of opportunity. Y, sure you get some strange payoffs, but everybody benefits in the long term.

I've seen in throughout my career and that's what I don't think punishing small business as has happened in the budget and spanking away tax revenue is a viable way to make life better for everybody.

Public sector workers, wouldn't last five minutes in the private sector because it's so difficult, yet they rely on the tax it generates.

The way I look at it, The Tory's are pro business and anti public services, Labour are anti-business and pro-public services but public services don't generate growth and never will they need business to survive. I'll always lean to the side of business and wealth creators.

[Euler]

Leaving the EU was never about the future of the UK, it was Cameron believing he could crush divisions in the Tory party.
Well it didn't work, Brexit still isn't working. Nobody is rushing to have deals with the UK. The EU are making life as difficult as possible for us.
And the Tory party is still hugely divided.

Spot on, Cameroon made a gamble and it failed.

[Archery1969]

Leaving the EU was never about the future of the UK, it was Cameron believing he could crush divisions in the Tory party.
Well it didn't work, Brexit still isn't working. Nobody is rushing to have deals with the UK. The EU are making life as difficult as possible for us.
And the Tory party is still hugely divided.

Spot on, Cameroon made a gamble and it failed.

I might be very wrong but didnt all the advisers and experts believe that the UK population would vote to remain, which totally took everyone be surprise ?

I voted leave but not for one minute did I believe that slogan on that bus/coach etc.

It was always clear that the EU would punish the UK if they left. That became ever so more clear during Covid when the arguments broke out and BJ requested UK special forces to draw up a plan to steal vaccines being held in Holland by force after the EU said the UK couldn’t have them, even though they were paid for.

I said on another thread, the EU, the US, Australia, New Zealand, Canada, China, Africa and South America don’t need the UK for anything anymore. Maybe for some security information but that’s about it. Unfortunately.

Think about it, why has the USA never signed a trade deal with the UK. That’s been talked about since Reagan was in power. Never going to happen.

Hopefully Trump doesn’t win as his team already said the Labour will get hit by 30% import fees.

[Emmson]

I've tried hard over many years to understand the economics of the left, but it has never stacked up for me.

You can't tax your way to long term prosperity or through equality of outcome. You just drag everything down.

It's better to have equality of opportunity. Y, sure you get some strange payoffs, but everybody benefits in the long term.

"everybody benefits in the long term"