reducing corporaton tax is usually an effective way to create employment and costs practically nothing to the Treasury. The ROI does it.
What eats into the budget is jobs that pay below the living wage.
Brexit, for once some facts.
- Thread starter flecc
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What eats into the budget is jobs that pay below the living wage.
In the process of reducing the size of the Government, the Government has in fact achieved precisely the opposite effect.That department will probably lose all too many staff who will depart to the various non-government insolvency practitioners and the like. After all, they will be in a position to pay higher wages and there will be much demand.
(Will the UK recognise EU insolvency practitioner credentials after brexit? Perhaps we can get some from Romania, Poland, ...)
The queue for the government's bankruptcy department's services could approach the motorway lorry queues in length...
This represents a first for them
They have actually achieved something
(of no benefit but that would be too much to expect)
The only Brexit bonus I can see is if you fancy a career in the Civil Service.
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I can believe that some transport firms will go to the wall as a result of congestion but that's an exaggeration.
The vast majority of business won't be affected by extra checks at the ports.
Can I just point out a "Fly in the Ointment"?
There's Not much point in reducing Corporation Tax after you have robbed the Corporations of their market and supply chains
Shades of the recent TV mobile phone advert where General Custer's mobile phone rings and the indians stop attacking to listen
"It's reinforcements! " he cries, the indians groan and turn away
Then it rings again and he answers
"And they'll be here Wednesday!"
The indians cheer and charge to the attack
The other point that springs to mind is that if Reducing Corporation Tax doesn't cost the Exchequer very much, then they aren't paying their way are they?
We should be increasing the Tax not reducing it., and putting a cap on both Executive Salaries and bonuses and Corporate Tax swindles.
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The hand car wash , bin cleaners and nail bars will not notice
as to the rest perhaps because they are bankrupt already?
I find it quite amazing that nearly all remainers put forward economic reasons for staying in EU, many of which to be fair could be true, but then many of those same people put Corbyn /Labour forward as the solution.
Corbyn will bankrupt country with or without Brexit just as Brown virtually did, and that was working under a much more economically astute group than current Labour.
And BTW Oyster, historically it can be shown reducing tax can and does increase revenue collected especially so with Corporation tax. More firms are attracted, ask Junker, he is an expert at collecting other countries tax revenues.
Corbyn will bankrupt country with or without Brexit just as Brown virtually did, and that was working under a much more economically astute group than current Labour.
And BTW Oyster, historically it can be shown reducing tax can and does increase revenue collected especially so with Corporation tax. More firms are attracted, ask Junker, he is an expert at collecting other countries tax revenues.
It really doesn't matter does it? the damage from Brexit is going to happen no matter which set of clowns are performing.
Are you by the way championing the idea that the Conservatives are financially astute?
All pigs fuelled up and ready to Fly
Reducing Corporation Tax works where you actually have some companies that can't avoid paying it!
How will it make a difference when the beggars avoid it anyway?
They will just laugh and adjust the accounts so the profits appear elsewhere
What an inane idea, as if reducing Corporation tax that's never paid by the big boys would bother them, except as an unearned bonus.
It just makes matters worse.
Perhaps not but more so than labour. GB was borrowing 1 billion pounds every 55 minutes of his tenure. Conservatives have managed to get that under control.
Luxembourg have got them selves to second highest GDP per capita in the world doing exactly that. Ask Junker.
No they haven't have they? they have only got the month by month borrowing under control and the Debt is still climbing away, how many trillion is it now?
lookee here
http://www.taxresearch.org.uk/Blog/2017/11/27/the-tories-created-two-thirds-of-the-uks-national-debt/
"
The Tories created two thirds of the UK’s national debt
Posted on November 27 2017
And this is the bottom line
"the Conservatives are the party of high UK borrowing and low debt repayment contrary to all popular belief.
Great effort! to have brainwashed the public for so long is a masterpiece of the art of propaganda.
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Your anti Junker "T" shirt's hanging out again
And we got where we are today in the GDP stakes with swindles.
I guess JC will extend the transition until either rejoin or Chequers.
His get out of jail card (in case he has to negotiate with the EU) is 'the will of the people', aka the second referendum.
Chequers is the most advantageous deal that brexiters can possibly get.
Too early to predict till we see what damage we take in the Brexit aftermath, but I will say this
Whatever happens Conservative politics work against the future prospects of the nation to benefit an elite group.
So the choice is simply either an unknown radical having a shot, or known failed regime presiding over more of the same.
And under adverse conditions to say the least.
That is what you voted for is it not?
There are two consequences of this. Money spent on inventory is dead money. It flies in the face of the just in time philosophy. Physical inventory requires storage, policing more dead money..
Money which is not available to invest in sales, productive infrastructure, and ultimately profits and taxes
There is only a small chance that JC can revive our industries. The issues for the 21st century are very different: industry is going to be knowledge based and education is the key. Of course our top universities are very competitive, but in a whole, the rest is very much middle ranking.
the problem is we are already neck deep in debts. JC's approach may just about drowning us unless he can find a way to work with foreign investors. In any case, we have to be weaned from relying on the banking sector.
Is that the green eyed envy i am picking up. Let's see, highly successful regional politican ,who delivers goods to his constituents is promoted to bigger continental office,and delivers on the continental stage. ..bad back notwithstanding. Perhaps had the UK decided to send their competent successful politicians to Europe,we would have avoided this debacle.
The big one in the next decade or so is robots/ai. I will make a guess and say Uber drivers won’t exist in 20 years. Apart from black cabs who will be a tourist draw all taxi journeys will be done by driverless cars.
He’s a crooked politician. And I’m not including his ‘bad back’
We sent our version. Mandelson.