I agree

The era of low interest rates and plentiful QE has made for a very benign business environment. That era is ending. Businesses that can only survive in a favourable environment will go bust. IMHO we need to try to made the UK business environment as favourable as possible to keep as many afloat as possible. What do we do? Corporation tax up to 25%?

I guess I would have opted for a smaller energy cap package, maybe the basic rate cut in 2 stages so only 0.5p now. I would have cut corporation tax. I have spent a lot of time in Finland. They do things like vary VAT on cars with the price of a car. So a Fiesta there costs about the same as here while a Ferrari is 6x the price there. Vary car VAT with price and emissions. Put up stamp duty rates for more expensive houses.

So its not about growing the economy for me. Its about minimising the impact of the inevitable global recession. Because keeping businesses afloat keeps people in work and paying taxes rather than being unemployed and on welfare.

Posted By: Timmy_Goat on October 17th 2022 at 17:37:04

Message Thread

Energy price guarantee now lasting until April (General Chat) - jamesward, Oct 17, 11:06:13
- That was the only thing she had to bang on about at PMQs last week.. that it was 2yrs (General Chat) - JD3, Oct 17, 11:39:28
  - The SNP are on course to be the opposition in Parliament (n/m) (General Chat) - SCC 28, Oct 17, 11:40:35
- Everything from mini budget ditched apart from NI cut and stamp duty (General Chat) - jamesward, Oct 17, 11:13:56
  - I can still the nation at the voting booths going (General Chat) - Lentil Weaver, Oct 17, 12:48:39
    - Probably be a good election to lose tbh (General Chat) - jamesward, Oct 17, 13:06:19
      - the ingenuity of man knows no bounds (General Chat) - ghostof barry butler, Oct 17, 13:32:07
        
        Maybe not, but they might have had some say in making it happen (n/m) (General Chat) - APB, Oct 17, 14:31:52
        
        i think its happening (General Chat) - ghostof barry butler, Oct 17, 15:00:01
  - The economics is interesting isn't it (General Chat) - Timmy_Goat, Oct 17, 12:25:39
    - Sooner or later, either the economy grows (General Chat) - paulg, Oct 17, 13:40:07
      - I agree (General Chat) - Timmy_Goat, Oct 17, 17:37:04
    - saying the tx % is way too high is a political choice (General Chat) - CWC, Oct 17, 12:58:48
      - Many of whom seem to score higher than us on a variety of quality of life/happiness metric (General Chat) - CB41, Oct 17, 13:37:08
      - My base (n/m) (General Chat) - Legacy Fan, Oct 17, 13:09:35
        
        Try again. My baseline for this is essentially that tax levels are fine if you can see (General Chat) - Legacy Fan, Oct 17, 13:12:26
    - It's more the politics that are interesting than the economics (General Chat) - Under soil heating, Oct 17, 12:50:42
    - The high taxes are due to many things, not only furlough. However, they don't like to (General Chat) - Legacy Fan, Oct 17, 12:47:38
    - If I was going to change anything about the basic rate of income tax (General Chat) - jamesward, Oct 17, 12:33:33
      - It doesn’t help high earners (General Chat) - SimonOTBC, Oct 17, 13:07:50
        
        Well they don't need help so that's OK (n/m) (General Chat) - Legacy Fan, Oct 17, 13:12:52
        
        Didn't know that (General Chat) - jamesward, Oct 17, 13:09:52
        
        £125k (General Chat) - CWC, Oct 17, 13:25:05
        
        Yeah, it means 60% tax plus NI on every £ over £100k (General Chat) - SimonOTBC, Oct 17, 14:30:55
        
        No-one *needs* to earn more than £100k a year (General Chat) - jamesward, Oct 17, 14:45:52
        
        That’s not really relevant, is it? (General Chat) - SimonOTBC, Oct 17, 14:54:54
        
        CTC kicks in at £50k so his figures seem suspect (n/m) (General Chat) - CWC, Oct 17, 14:39:38
        
        What do you mean? (n/m) (General Chat) - SimonOTBC, Oct 17, 14:45:55
        
        might have misread (General Chat) - CWC, Oct 17, 15:12:14
        
        😂 yes (n/m) (General Chat) - SimonOTBC, Oct 17, 15:13:20
      - Agree. Increase the personal allowance. (n/m) (General Chat) - Legacy Fan, Oct 17, 12:50:16
  - ha ha ha (n/m) (General Chat) - ghostof barry butler, Oct 17, 11:29:49
  - Hunt is part of the anti growth coalition (n/m) (General Chat) - SCC 28, Oct 17, 11:16:53
    - Lolz (n/m) (General Chat) - Augustus Pablo, Oct 17, 11:21:58
    - She's surely gone (n/m) (General Chat) - jamesward, Oct 17, 11:19:19
      - Untenable (General Chat) - CWC, Oct 17, 11:34:11
        
        Nothing is untenable these days. Idiots lap it up. Turkeys don't only celebrate (General Chat) - Legacy Fan, Oct 17, 12:49:27
      - Just about when she resigns now (General Chat) - SCC 28, Oct 17, 11:21:58
        
        Can she still command £100k+ a time on "the US lecture circuit"?! (n/m) (General Chat) - JD3, Oct 17, 11:38:23
        
        How disgusting is that? Nauseating. 🤮🤢 (n/m) (General Chat) - protheroe fitzgibbon, Oct 17, 11:49:11
        
        Who would pay 100p to hear her speak? Let alone 100k. (n/m) (General Chat) - Pixelman, Oct 17, 11:40:01
        
        Probably not even her Lib Dem parents (n/m) (General Chat) - jamesward, Oct 17, 11:41:50
        
        The Tory Corbyn (General Chat) - Old Git, Oct 17, 11:25:07
        
        The MPs did put her into the final 2 tbf (General Chat) - SCC 28, Oct 17, 11:29:07

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.