Luton Outlaws - The Avenue of Evil

The Budget

Posted by Madpig on 6/3/2024, 13:49:37

Fair go Jezza, you twisted and twirled facts like putty.
Lowest taxation since 1974? According to all the figure and stats it's the highest since 1944.
He cites COVID and the Ukraine war on our economic woes, something unprecedented in modern times he says.
From 1900 to 2000 we had WWI WWII, Korean war, Suez crisis, Malay uprising, Aden, Mao Moa uprising, the Falklands war and Afghanistan.
Yet by 2008, our tax rate had dropped to it's lowest point since 1945.
How much longer is he going to milk COVID and the Ukraine?

Re: The Budget

Posted by Andy Cappuccino on 6/3/2024, 15:55:05, in reply to "The Budget"

Calm down, we're within touching distance of a Labour govt when everything you've been moaning about since 2010 will be fixed in a heartbeat. Assuming that Jihadi George doesn't nick those 50 seats of course.

Re: The Budget

Posted by Madpig on 6/3/2024, 16:20:02, in reply to "Re: The Budget"

Georgie Porgy won't even win his seat, he never does. He got that one because there was no labour candidate.
A man with his head in the clouds.

Re: The Budget

Posted by Buzzard on 6/3/2024, 20:11:22, in reply to "Re: The Budget"

As a traditional Labour supporter I don’t consider Starmer to be electable. I suspect this will be the same for many.

Re: The Budget

Posted by Hawkesworth on 6/3/2024, 15:46:56, in reply to "The Budget"

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Re: The Budget

Posted by That’s on 6/3/2024, 17:40:46, in reply to "Re: The Budget"

Better than calling people a spastic for having a different view….

Re: The Budget

Posted by You reckon? on 6/3/2024, 18:58:21, in reply to "Re: The Budget"

Not really.

Re: The Budget

Posted by Madpig on 6/3/2024, 15:55:36, in reply to "Re: The Budget"

Sorry didn't mean to wake you. Maybe a good time to log out, it may be party time tonight🎉🎉🎉

Re: The Budget

Posted by Buzzard on 6/3/2024, 14:30:42, in reply to "The Budget"

absolute wankers the lot of them

and that cunt Selous will never answer a question either.

Re: The Budget

Posted by Big Gaz S on 6/3/2024, 14:20:42, in reply to "The Budget"

Using covid as an excuse? I'd never do that.

Re: The Budget

Posted by Chef on 6/3/2024, 15:13:18, in reply to "Re: The Budget"

Keep all your ingredients chilled.
This rule doesn't just apply during summer—a kitchen can get pretty hot during a cooking spree, especially if ingredients are left anywhere near a stove. Other than keeping your butter cold, you can also refrigerate your flour—the key is to create an environment that prevents the fat (butter or lard) from melting before it’s cut in the flour, making for the flakiest pastry.

Re: The Budget

Posted by Godders on 6/3/2024, 14:07:57, in reply to "The Budget"

Yep, he was making some extraordinary claims.

Re: The Budget

Posted by Madpig on 6/3/2024, 14:10:26, in reply to "Re: The Budget"

Godders, I was staggered by the level of fantasy.

Re: The Budget

Posted by MG on 6/3/2024, 15:16:00, in reply to "Re: The Budget"

I'd say it's nothing new but this time even the OBR was moved to describe his calculations as "fictional".

How do they keep managing to sink lower all the time?

Re: The Budget

Posted by Madpig on 6/3/2024, 15:18:00, in reply to "Re: The Budget"

It's an art form. Stand back and be entertained🤡🤡🤡

Re: The Budget

Posted by MG on 6/3/2024, 15:31:38, in reply to "Re: The Budget"

I see they have stolen some Labour policy again though.

Re: The Budget

Posted by Godders on 6/3/2024, 15:29:14, in reply to "Re: The Budget"

And where are the 40 new hospitals, £350m a week NHS additional funding etc.

All quiet on that front.

Re: The Budget

Posted by MG on 6/3/2024, 15:39:39, in reply to "Re: The Budget"

I kind of like the way that they later redefined it to include just new additional buildings on existing hospitals and planned refurbishments . . . and then still failed to deliver them!

Re: The Budget

Posted by Mike on 6/3/2024, 15:36:23, in reply to "Re: The Budget"

Wheres powder ct ...oh hold on were living in. Unprecedented times

Re: The Budget

Posted by Ches Fordroad on 6/3/2024, 16:10:14, in reply to "Re: The Budget"

Pardon?

Re: The Budget

Posted by Nearly a Genius on 6/3/2024, 16:01:07, in reply to "Re: The Budget"

The government has access to more funding than a newly-promoted provincial Premier League football club.

"powder ct"?

Re: The Budget

Posted by Potato voter on 6/3/2024, 13:58:09, in reply to "The Budget"

Wheres my free chips!!

Re: The Budget

Posted by Madpig on 6/3/2024, 14:09:43, in reply to "Re: The Budget"

Sorry, Jezza is still taxing those 🙁, just like he couldn't bother to take the 5.5% VAT off if domestic fuel, or abolish the punitive standing charge system, £1 per day if you have dual fuel:£365 per year for even the poorest
Mind you, he's dropped the rate of Capital Gains tax, so that's put a couple of quid in our pockets, eh?

Re: The Budget

Posted by Vladimir Luton on 6/3/2024, 13:55:22, in reply to "The Budget"

Yeah but 2p cut in NICs

Re: The Budget

Posted by Northants Hatter on 6/3/2024, 15:34:49, in reply to "Re: The Budget"

But fiscal drag will see plenty of pensioners with a decent private pension paying higher tax levels. Considering well-off old folks are big part of the Tories core vote, that’s not a great move.

Re: The Budget

Posted by Madpig on 6/3/2024, 15:47:36, in reply to "Re: The Budget"

I've been dragged in. All my like I've followed government rules, SERPS, AVCs on my company pension, never out of work. I make no claims on the benefits system and even pay for dental treatment.
Now I'm getting taxed for following the rules.

Re: The Budget

Posted by Depressed Deidre on 6/3/2024, 16:14:01, in reply to "Re: The Budget"

Surely if you have a Company Pension and the State Pension, you would have paid tax since the day you retired? Or,if you retired early, at least since you were paid the State Pension?

Re: The Budget

Posted by Northants Hatter on 6/3/2024, 16:49:47, in reply to "Re: The Budget"

Almost certainly, however, fiscal drag means that a lot of folks are now paying 40% tax on some of their pension. No good the state pension going up by 5%, if you’re having 2% of the 5% taken in tax…

Re: The Budget

Posted by Madpig on 6/3/2024, 16:30:02, in reply to "Re: The Budget"

If my pension was that big then yes, but with the tax threshold being frozen my pension has risen to the point where it's taxed.
However, that's not really the point, I'm a widower with no dependents. Young families on low income are being sucked into the tax black hole, which will get deeper for the next four years at least.
At the same time , the earning limit for claiming any benefits is at £18500. That means that as each year goes by, those on low income move inexorably towards the cut off threshold, whilst the wages are attracting increasing tax on an annual basis and their disposable income, if any,correspondingly shrinks.
Now I can get by, they can't.
If you're a high earner,about £60k, this NI cut will put £1300 in your pocket. If you're on £29k it'll put £130 in there.

Re: The Budget

Posted by MG on 6/3/2024, 16:39:14, in reply to "Re: The Budget"

That last point, that really just sums it up.

Re: The Budget

Posted by Nearly a Genius on 6/3/2024, 16:19:26, in reply to "Re: The Budget"

Not necessarily.
It depends on the amount of your pension.

Re: The Budget

Posted by Depressed Deidre on 6/3/2024, 16:25:49, in reply to "Re: The Budget"

You're being captious as per normal.

If the guy has been saving into a Company Pension all (or most) of his working life AND paid AVC's he would certainly have been well over the tax threshold since he started taking both pensions.

Re: The Budget

Posted by Madpig on 6/3/2024, 16:40:27, in reply to "Re: The Budget"

This guy isn't going into figure, that's private, but my pension is not one of a company director, it's one of a bloke on moderate wages trying to ensure a comfortable retirement, and yes, from day one I paid tax, but I'm not sure what difference that makes, because whatever way you look at it, £12700 means that someone bringing in £13000 in pension now gets taxed. £13000 takes you outside of tax credits and any other benefits, so that's it. Likewise, as I pointed out in another post, those on low income are drawn into pay higher tax every pay rise, in addition to annual pay increases taking them closer to the £18500 cut off limit for benefits, another figure that's been frozen. Yes , children ease that burden with tax credits, but even the act of applying is tortuous.
However, it was prudent to cut Capital Gains Tax and give the wealthy more child benefit.
Worry about my astronomical wealth if you wish, but it's still the rich that gets the pleasure and the poor that gets the blame

Re: The Budget

Posted by Depressed Deidre on 6/3/2024, 17:29:48, in reply to "Re: The Budget"

I'm not in the least bit worried about your wealth, astronomical or otherwise - my own affairs are far more pressing to me.

Not would I dispute the gist of what you are saying - the 'fiscal drag' of not increasing the tax bands acts as a disincentive to save for a pension or to gain promotion to a higher paid job.

It was your comment that 'Now' you are paying tax as though it was a recent event that surprised me.

Re: The Budget

Posted by Madpig on 6/3/2024, 16:49:19, in reply to "Re: The Budget"

Just to clarify, official stats, not mine.

People earning more than £131,000 or between £32,000 and £55,000 win from the government's tax changes, but everyone else is paying more.

More that £131000. What was the Chancellor's words? Oh yes, ' The people with the broadest shoulders should carry the biggest burden'
Patently, one's shoulders start shrinking at the £131000 mark.

Re: The Budget

Posted by Nearly a Genius on 6/3/2024, 16:28:37, in reply to "Re: The Budget"

"If" is the operative word.

Re: The Budget

Posted by Depressed Deidre on 6/3/2024, 17:20:20, in reply to "Re: The Budget"

Well,he quite clearly strongly implied that.

Re: The Budget

Posted by Madpig on 6/3/2024, 18:08:37, in reply to "Re: The Budget"

I apologise is f the word NOW upset you. However, basic state pension is now £200 per week. That means that any pensioner with a company pension yielding more than £41 per week will pay tax.
That means NOW

Re: The Budget

Posted by Depressed Deidre on 6/3/2024, 18:39:36, in reply to "Re: The Budget"

I'm not in the least bit upset.

I'm also grateful that the Tories have increased the State Pension considerably in recent years, lifting many pensioners out of poverty in the process.

Re: The Budget

Posted by Madpig on 6/3/2024, 19:05:45, in reply to "Re: The Budget"

Indeed, wouldn't argue with that, but now they're hauling us into exactly what we came from, but before they tip us over the edge they're pulling the safety net away.
Don't get me wrong, I've voted Tory, because just like them, Labour become complacent and self serving once they've had too long in power.
Now I see inequality. I don't like that.
Today's NI cuts; if you earn between £32,000 and £55000 you gain. Below and above that, you lose, the biggest losers being the lowest paid. However, quite by coincidence, if you earn above £131,000 ( what a random figure) you gain...the most.

Re: The Budget

Posted by Kbot on 6/3/2024, 18:52:31, in reply to "Re: The Budget"

£10,600 a year lifting people out of poverty? 🤣

Re: The Budget

Posted by Madpig on 6/3/2024, 19:24:13, in reply to "Re: The Budget"

Not my words 😎

Re: The Budget

Posted by Northants Hatter on 6/3/2024, 16:13:27, in reply to "Re: The Budget"

Yep likewise. And it’s a very deliberate ploy to leave tax bands unchanged so that it’s not possible to avoid paying more, unless you’re uber-rich like Sunak, where your income is derived from ‘wealth’ - dividends, capital gains on share sales etc. etc.

Re: The Budget

Posted by Kbot on 6/3/2024, 14:19:03, in reply to "Re: The Budget"

Overall tax burden is rising! Giving with one hand fiscal dragging away with the other. The end result is the majority of people are worse off. People realise that however Jezza tries to spin it.

Re: The Budget

Posted by Madpig on 6/3/2024, 13:57:06, in reply to "Re: The Budget"

Woo-hooo, I'm out celebrating tonight🎉🎉🎉

Re: The Budget

Posted by Madpig on 6/3/2024, 14:20:29, in reply to "Re: The Budget"

And now the chancellor's side-kixk is on TV telling us our taxes are the lowest since 1975, even when confronted by a graph showing taxation at a record high

Re: The Budget

Posted by Sid on 6/3/2024, 14:34:11, in reply to "Re: The Budget"

Trotty ? She bakes a lovely upside-down cake.

Re: The Budget

Posted by Madpig on 6/3/2024, 15:01:42, in reply to "Re: The Budget"

🤣🤣🤣🤣🍰🍰🍰

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