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AND HERE WE GO - THE 2019 GENERAL ELECTION THREAD

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ColchesterFC said:
As an employee I would almost certainly earn less but have benefits such as sick pay, pension contributions, paid holiday etc. It would be difficult to calculate if my take home pay would be more or less, as at the minute I get to decide how many days I work each year, and as an employee I wouldn't be in control of that. I get paid a rate for each day I work, normally around 150/160 days per year. As an employee I would get a basic salary and then an uplift for each day I spent offshore.
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Like all things there are swings and roundabouts.
I have played both sides and converted contractors to permanent.
 
ColchesterFC said:
To reduce the deficit not the deb growth. Our debt has actually risen during austerity, it just hasn't risen by as much as it would have done without it.
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Yes that's what I was trying.g to explain.
Borrowing is creating debts, if you reduce borrowing it reduces the debt. Its wrong to accuse the government of not reducing the national debt, they had no chance of that after the way Brown had hiked up borrowing to support his massive increase in welfare spending.
 
SocketRocket said:
The railways were in very poor shape when nationalised and losing money at an unsustainable level, nationalised industry tends to be poorly run and a jobsworths haven with unions paralysing modernisation and enterprise. Best not to go there.
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Go where? Take a look at the history of the East Coast line under privatisation, Government’s have stepped in more than once!
 
pauldj42 said:
Go where? Take a look at the history of the East Coast line under privatisation, Government’s have stepped in more than once!
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I think you will find that no Country runs railways at a profit, the choice is how bad you want it to be. Nationalisation is no answer to improving railways unless you hand over a blank cheque.
 
harpo_72 said:
Like all things there are swings and roundabouts.
I have played both sides and converted contractors to permanent.
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Absolutely. But currently more swings than roundabouts. Under the plans in the Labour manifesto it could go the other way. To be honest if I did come under the 21% rate rather than the 26% rate then it wouldn't be a game changer for me with regards to this particular pledge. If my company came under the 26% rate would be an absolute no no for me in terms of voting Labour. But I do have other concerns over the Labour manifesto, such as whether it's realistic to raise an extra £83 billion per year in taxes to pay for their spending plans by just targeting the top 5% of earners and big businesses.
 
SocketRocket said:
I think you will find that no Country runs railways at a profit, the choice is how bad you want it to be. Nationalisation is no answer to improving railways unless you hand over a blank cheque.
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Then maybe it’s a balance of both, because I certainly don’t believe we should stay as we are, we have some of the highest prices and worst services in Europe.
 
SocketRocket said:
Yes that's what I was trying.g to explain.
Borrowing is creating debts, if you reduce borrowing it reduces the debt. Its wrong to accuse the government of not reducing the national debt, they had no chance of that after the way Brown had hiked up borrowing to support his massive increase in welfare spending.
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You're possibly not explaining yourself correctly. Reducing borrowing doesn't reduce debt. The government hasn't reduced the national debt, they have only reduced the rate by which the debt is increasing by reducing the deficit. In 2010 the national debt was £1 trillion. As of March this year it was £1.8 trillion. Austerity has done nothing to reduce the debt but has slowed the rate at which the debt was increasing.
 
ColchesterFC said:
Absolutely. But currently more swings than roundabouts. Under the plans in the Labour manifesto it could go the other way. To be honest if I did come under the 21% rate rather than the 26% rate then it wouldn't be a game changer for me with regards to this particular pledge. If my company came under the 26% rate would be an absolute no no for me in terms of voting Labour. But I do have other concerns over the Labour manifesto, such as whether it's realistic to raise an extra £83 billion per year in taxes to pay for their spending plans by just targeting the top 5% of earners and big businesses.
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If you read the document, there is also dividends tax to be taxed at full (?) income tax rates(currently as a basic rate tax payer you pay 'new' 7.5% that the conservatives brought in) and they say scrap the dividend allowance. So quite an increase there as well.

That plus the increase in corporation tax.

Find it hard to believe small or large businesses will be smiling.
 
pauldj42 said:
Then maybe it’s a balance of both, because I certainly don’t believe we should stay as we are, we have some of the highest prices and worst services in Europe.
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I agree on the highest prices bit, and by some tune, but not the worst services bit. Not every high speed, main line train is the glitzy TGF or Renfe you see on the TV, and the local stopping trains are hilarious. We did the stopper between Cadiz and Jerez. Did it leave on time? No, the driver was stood on the platform waiting for his mother and her friends. And at one of the stops he got off for a coffee and a chat with the locals. It has a lovely, rural, rustic feel to it. No one is in a rush, its not in the psyche.
 
ColchesterFC said:
Absolutely. But currently more swings than roundabouts. Under the plans in the Labour manifesto it could go the other way. To be honest if I did come under the 21% rate rather than the 26% rate then it wouldn't be a game changer for me with regards to this particular pledge. If my company came under the 26% rate would be an absolute no no for me in terms of voting Labour. But I do have other concerns over the Labour manifesto, such as whether it's realistic to raise an extra £83 billion per year in taxes to pay for their spending plans by just targeting the top 5% of earners and big businesses.
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Wonder how many of the top 5% will be hanging around or moving business elsewhere and then what ?
 
DRW said:
If you read the document, there is also dividends tax to be taxed at full (?) income tax rates(currently as a basic rate tax payer you pay 'new' 7.5% that the conservatives brought in) and they say scrap the dividend allowance. So quite an increase there as well.

That plus the increase in corporation tax.

Find it hard to believe small or large businesses will be smiling.
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Oh balls. I hadn't seen that bit.
 
ColchesterFC said:
You're possibly not explaining yourself correctly. Reducing borrowing doesn't reduce debt. The government hasn't reduced the national debt, they have only reduced the rate by which the debt is increasing by reducing the deficit. In 2010 the national debt was £1 trillion. As of March this year it was £1.8 trillion. Austerity has done nothing to reduce the debt but has slowed the rate at which the debt was increasing.
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That's what im saying, I know we have not reduced any of the debt, I've said that a number of times. I said that reducing the deficit stops the debt growing as fast, or thats what I meant.
 
pauldj42 said:
Probably the same amount that threatened to leave if Blair got in.
None of them!
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I wouldn't count on that. I wonder how many big businesses would consider moving the HQ to the Cayman Islands? The business stays, and continues to generate a profit, and the employees continue to pay income tax but all that juicy Corporation Tax goes where - think Amazon/Google...
 
Hobbit said:
I wouldn't count on that. I wonder how many big businesses would consider moving the HQ to the Cayman Islands? The business stays, and continues to generate a profit, and the employees continue to pay income tax but all that juicy Corporation Tax goes where - think Amazon/Google...
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Absolutely, there are a lot of BVI companies like that already, also ones with HQs in Monaco.
 
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pauldj42 said:
Show me Corbyns and Swinsons lies, show me were they have been sacked for lying.
As SR keeps saying Liar is a harsh word.

Totally agree all Politicians are untrustworthy, but that’s a big difference to actual being a proven liar
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You’re in a dream world, they will tell you anything to get a vote, lies or not, they couldn’t care less.
 
Hobbit said:
I wouldn't count on that. I wonder how many big businesses would consider moving the HQ to the Cayman Islands? The business stays, and continues to generate a profit, and the employees continue to pay income tax but all that juicy Corporation Tax goes where - think Amazon/Google...
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A lot business’s said the same over Brexit, yet this was laughed at.
Even today you had people lauding the IFS when they stated they didn’t believe Labour could achieve the sums through tax proposals, this is the same IFS that was dismissed when they stated the worst scenario for the economy was a No Deal Brexit.

Very difficult to get to the truth of any of the different party proposals when it’s all being hit with political spin.
 
BrianM said:
You’re in a dream world, they will tell you anything to get a vote, lies or not, they couldn’t care less.
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That maybe how it’s been for you and MP’s you’ve dealt with, but not in mine and others actual experience.
It’s sad you’d tarnish every MP with the same brush.
 
pauldj42 said:
A lot business’s said the same over Brexit, yet this was laughed at.
Even today you had people lauding the IFS when they stated they didn’t believe Labour could achieve the sums through tax proposals, this is the same IFS that was dismissed when they stated the worst scenario for the economy was a No Deal Brexit.

Very difficult to get to the truth of any of the different party proposals when it’s all being hit with political spin.
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34% of businesses, with direct operations in the EU, monitored by Ersnt and Young have confirmed they have or are moving all or part of their business to the EU. 2% moved in total last month, up 1% from the month before.

Brexit has, and will continue, to impact on businesses and they will look to mitigate that impact(cost). If higher Corporation Tax is added to the equation their boards will have the shareholders to answer to if they don't look to mitigate those additional costs.
 
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