Brexit, for once some facts.

[MikelBikel]

It's just a little bit more tax for UK.
"The last remaining tax free savings" for ordinary people. Course, if you're in gov, you can have a special Act of Parliament made just for you to avoid pension tax, yay!

 

[jonathan.agnew]

It's just a little bit more tax for UK.
"The last remaining tax free savings" for ordinary people. Course, if you're in gov, you can have a special Act of Parliament made just for you to avoid pension tax, yay!

Top 10% of wealthiest (in salary terms) pay 60% of uk income tax revenue. Those who earn more than 47k pay 75% of national income tax revenue

https://commonslibrary.parliament.uk/research-briefings/cbp-8513/

Of course this exclude tax havens, multinationals, the super 7 who really do not pay they're share.
But look at uk govt bond yields. Reeves is flirting with truss levels. It reflects fact that were not, as a country, living within our means. And international lenders know this. It's a short fused time bomb. And sir keir-hospitality-starmer is not going to go after the oligarchs.

 

[Woosh]

It reflects fact that were not, as a country, living within our means.

We can't. Politically suicidal to limit spending to income. John major tried that and what happened to him? EU 3% budget deficit is socially acceptable.

 

[Woosh]

But look at uk govt bond yields. Reeves is flirting with truss levels.

that was the result of Kier Starmer trying to outdo Farage and the Corbynistas in his party at the same time. Starmer does not have clear policies nor principles. He wheels and deals as the situation arises, like with Trump, Netanyahu and Zelinsky. Some like that, many don't.
He refused to confirm that Reeves' job was safe. He later relent, but the damage was done. UK bond yield spiked at 5.5%.

 

[flecc]

But the Sceance-tists said we would be living a life of ease with robots doing all the hard and dangerous work. Beep boop?
What happened to "scientific advancement"?
Why did we not "Progress" instead of regress?

Self seeking politicians happened.

Instead of human advancement giving ALL of us a age of increasing leisure, they stole its benefits for the minority privileged, leaving most of us with a negative outcome, an ever lengthening working lifetime.

The French had the right idea, slaughter the bas tards.
.

 

[jonathan.agnew]

We can't. Politically suicidal to limit spending to income. John major tried that and what happened to him? EU 3% budget deficit is socially acceptable.

That's true, for now - gather from tomorrow's headlines reeves will extend tax creep by two years, big stealth tax increase on workers. Much like additional NI contributions on business it will be another massive drag on spending, growth, investment. Populist voters who demand nordic level benefits, services without working, paying may be in for same lesson maga voters begin to learn from losing Medicaid.

 

[Woosh]

Populist voters who demand nordic level benefits, services without working, paying may be in for same lesson maga voters begin to learn from losing Medicaid.

True enough but Trump did the right thing by charging them tariffs on what they buy. Like Starmer, he's promised to cut taxes and not raise them, his choices are limited. He's just going about it in a haphazard way. He should have said '15% on all imports' and that will be enough to raise 500 billion dollars a year. Still not enough for tax cuts but would not cause so much ruckus with the rest of the world and a run on the dollar and US Treasury bonds.

 

[jonathan.agnew]

True enough but Trump did the right thing by charging them tariffs on what they buy. Like Starmer, he's promised to cut taxes and not raise them, his choices are limited. He's just going about it in a haphazard way. He should have said '15% on all imports' and that will be enough to raise 500 billion dollars a year. Still not enough for tax cuts but would not cause so much ruckus with the rest of the world and a run on the dollar and US Treasury bonds.

VAT disguised as import protection for gullible nationalists, but with drawbacks, lack of competition, innovation, productivity at home. Imagine EU that didn't charge 55.3% import duty on Chinese ev's, where VW, Renault etc didn't get so lardy, uncompettitive and we could all buy new ev's for under 10k

 

[MikelBikel]

Very Orwellian behaviour by the EUSSR?
So liberal, so progressive, ha..
so fasc!

 

[Woosh]

Who wants to bet that Trump will taco on Wednesday when tariffs are supposed to go up?
I sold all my US shares except Google.