tag:blogger.com,1999:blog-32841798.post3040896729833764130..comments2024-03-18T16:33:31.633+00:00Comments on Capitalists@Work: Summer Budget: Open ThreadCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-32841798.post-80261153888603297002015-07-10T09:37:15.427+01:002015-07-10T09:37:15.427+01:00SW - the two-kids benefit restrictions, if left in...SW - the two-kids benefit restrictions, if left in place, will actually have a profound eugenic effect. But that's coming after 35 years of dysgenics (the policy of benefits-for-babies has been around longer, but the lag in the necessary cultural changes meant that it only really got going in the 80s).<br /><br />A policy of additional transferable personal tax allowance per child would be icing on the cake. I can dream.<br /><br />Laban Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-36824814016624141372015-07-10T09:28:07.524+01:002015-07-10T09:28:07.524+01:00"as France and Germany are countries with hig...<i>"as France and Germany are countries with higher incomes and lower living costs than the UK, Why do people try to come here?"</i><br /><br />Because we're seen as the softest touch (and the global use of English doesn't help either).<br /><br />On the budget and the continual wailing about productivity, it's "easy"* to raise productivity in a country with a large manufacturing sector. Not so easy with services, the road we took thirty five years back. My barber still takes the same 10 minutes to cut my hair that she did ten years ago. How do you raise the productivity of, say, a health care assistant in a care home, or someone who washes and clips your dog? <br /><br /><br />* "easy" = "possible"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-83535356180966332982015-07-10T09:26:16.659+01:002015-07-10T09:26:16.659+01:00SW - same as 2010, the one chance is the first bud...SW - same as 2010, the one chance is the first budget for real, painful cuts. The left will howl so you may as well get on with it - but no. <br /><br />The real elephant for me is the refusal to limit pensions to inflation plus 0.5% or some such. The oldies keep getting rewarded by the Tories at the expense of the young, its becoming quite extreme now. Of the Social Wlefare budgt of which they are so keen tocut, over 50% is pensions but these are allowed to rise. <br /><br />It is a couple of days later now, the gloss is coming off as per usual.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-15166287040153149322015-07-10T00:02:56.968+01:002015-07-10T00:02:56.968+01:00Hmm. The more I look at this budget the less I lik...Hmm. The more I look at this budget the less I like it. The living wage is just lefty guff which will cost jobs and an extra eleventy-twelfty billion into the NHS without any plans to improve productivity... meh. <br />And where are the actual cuts? The bonfire of quangos? Selling off Channel 4 and the other useless mouths in the public sector? <br />His "long term economic plan" is nothing of the sort. He has not done as well as Alistair Darling's original plans and his targets keep slipping ever further into the distance. If you are going to be excoriated by the Grauniad, the Unions and the Buggers Broadcasting Communism as an evil slasher you might as well actually be one. <br /><br />A furtive onanist indeed. Sebastian Weetabixnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-79492907398129452452015-07-09T23:22:51.660+01:002015-07-09T23:22:51.660+01:00Budgie said: "a budget hedged by political co...Budgie said: "a budget hedged by political correctness and the Westminster bubble";<br />Dearieme said: "Probably, but probably also by the desire to win the next general election";<br />Blue Eyes said: "Dearieme, correct"<br /><br />Indeed correct, and a long way from the original BE gusher of "Top drawer stuff". And a bit more realistic too.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-16357713946490611662015-07-09T18:48:48.156+01:002015-07-09T18:48:48.156+01:00Dearieme, correct. Lots of people seem to think th...Dearieme, correct. Lots of people seem to think that their views are wildly popular out there. <br /><br />Andrew, plenty of people migrate to France and Germany as well; as a proportion of existing population, Britain attracts fewer migrants than several other EU countries.<br /><br />"It's a long war", which you and others apparently wanted to start off by electing the hapless Miliband. Odd, most odd.Blue Eyeshttps://www.blogger.com/profile/16556174219724957585noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-46340170467259149392015-07-09T17:07:48.694+01:002015-07-09T17:07:48.694+01:00"a budget hedged by political correctness and..."a budget hedged by political correctness and the Westminster bubble" Probably, but probably also by the desire to win the next general election. It's a democracy: if the electorate has its head full of silly nonsense there's a limit to how much sense of reality a politician will dare to attempt to introduce. They can't be confident of being opposed by another Ed Moribund next time.deariemenoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-10887909569233315692015-07-09T13:38:35.575+01:002015-07-09T13:38:35.575+01:00Osborne is fiddling around the edges. Many of our...Osborne is fiddling around the edges. Many of our main global competitors have energy costs approaching half of ours. He has done next to nothing about that, apart from tilting at onshore windmills.<br /><br />Cutting CT by 1% here or there won't bring back the hundreds of thousands of jobs lost in the chemicals, glass, steel and aluminium industries. But no, Osborne like Cameron is wedded to the green blob and the EU.<br /><br />A "landmark budget"? No, BQ, it is an ineffectual pussy-footing budget of wasted opportunities; a budget hedged by political correctness and the Westminster bubble.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-67470868290311570422015-07-09T12:10:48.017+01:002015-07-09T12:10:48.017+01:00
All.
Please forgive my ignorance but as France a...<br />All.<br /><br />Please forgive my ignorance but as France and Germany are countries with higher incomes and lower living costs than the UK,<br /><br />Why do people try to come here?<br />andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-41130273758109331472015-07-09T10:17:28.357+01:002015-07-09T10:17:28.357+01:00well put EK.
The need to cut welfare is paramoun...well put EK. <br /><br />The need to cut welfare is paramount; the need to be real about the world even more so. Here we are with a huge wave of immigrants desperate to get to the UK. The Government response is to shoulder shrug. Even the 'EU Referendum' will say nothing about immigration.<br /><br />The world of the future is going to be full of too many people with nothing productive to do in Asia and Africa. They will look to come to the UK - I would in their shoes too. But no UK Government seems ready to take the Australian approach.<br /><br />I was speaking to a chap who has set up a business in Sierra Leone last week (how brave is he, ex-special forces mind). The idea is to create jobs and profit. We discussed why so many left - the truth is they hear, on the ground there, about free houses and free food in the UK. He knows as he is asked every day how they can come with him to paradise. <br /><br />Until this image is challenged, immigration is going to increase even further, not decrease.<br /><br />Cutting welfare is a start but its a long war.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-11957390222667758432015-07-09T10:07:33.493+01:002015-07-09T10:07:33.493+01:00Blue - I like the welfare cuts. It's just that...Blue - I like the welfare cuts. It's just that I see the other side of the coin. "Off you go into the harsh world of work" is cruel when the taskmaster allows the global movement of unskilled labour to depress wages. <br /><br />Soon the £9 minimum wage will be eaten up by the cost of real inflation - the cost of housing as we become more crowded. Perhaps this increase in housing demand will put upward pressure on rents and offset the loss of tax relief for landlords.<br /><br />There shouldn't be a minimum wage. A sensibly balanced population would have ensured a healthy living wage and affordable housing. <br /><br />Mass immigration has been made tolerable by in-work subsidy and welfarism - and this has back fed to encourage more and more immigration. <br /><br />Business has been more subsidised than the mines ever were. And the social costs are not even measured. <br /><br />Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-52184982762013030692015-07-09T08:29:22.070+01:002015-07-09T08:29:22.070+01:00Listen to those subsidy junkies squeal!
(Bonus: a...Listen to those subsidy junkies squeal!<br /><br />(Bonus: a meaningless waffle by Lucas, and an open invitation to shale investors). The quote from George looks promising as well. GO George!Blue Eyeshttps://www.blogger.com/profile/16556174219724957585noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-11601986693498003162015-07-09T08:24:05.978+01:002015-07-09T08:24:05.978+01:00http://www.theguardian.com/business/2015/jul/09/gr...http://www.theguardian.com/business/2015/jul/09/green-energy-sector-attacks-budget-climate-change-levy<br /><br /><b><i>what's not to like ?!</i></b>Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-58712780505412163822015-07-09T08:24:00.013+01:002015-07-09T08:24:00.013+01:00So, err, you don't like the welfare cuts, the ...So, err, you don't like the welfare cuts, the reduction in social rent subsidies to above-averagely-paid workers, the reduction in buy-to-let tax relief? Immigration and welfare are two sides of the same coin. Cut welfare and you will have fewer jobs to fill by importing workers who haven't been trapped in the system.<br /><br />Blue Eyeshttps://www.blogger.com/profile/16556174219724957585noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-82535742758612815912015-07-09T07:51:56.310+01:002015-07-09T07:51:56.310+01:00Wages shouldn't be subsidised by the state and...Wages shouldn't be subsidised by the state and nor should landlording or big families.<br /><br />"Council housing was always subsidised." Yes. But there was limited supply and the people living in those houses had work in menial jobs the local area. <br /><br />"The £9 minimum wage will increase immigration." Well at least those incentivised by it want work and not welfare. I have always maintained that toughness on welfare should be coupled with a limit in immigration. It isn't fair to force people off welfare into a saturated labour market. <br /><br />This may cost business and it may cost jobs but the fact is that the country cannot afford to keep borrowing to fund this system. Especially where some of those businesses off-shore their accounts and avoid tax. <br /><br />It seems that the capitalists have come to believe in the magic money tree as well as the socialists. The mixture of the two is what they call Blairism and it's about time we got rid.<br /><br /> Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-30071411564171216592015-07-08T23:13:51.145+01:002015-07-08T23:13:51.145+01:00@Anon at 10:52&4, yes and there are two of us ...@Anon at 10:52&4, yes and there are two of us so up to 10K is no problem after that 7.5%/5.5% is hardly a deal breaker.Timbo614https://www.blogger.com/profile/14671168026195402267noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38027278250992486692015-07-08T22:54:07.512+01:002015-07-08T22:54:07.512+01:00Sorry - forgot that divi tax only applies above to...Sorry - forgot that divi tax only applies above total divi income of £5KAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-12425365258841000102015-07-08T22:52:28.499+01:002015-07-08T22:52:28.499+01:00"So reasonable have I been that the dividend ...<i>"So reasonable have I been that the dividend rule changes don't actually affect my (self regulated) income at all."</i><br /><br />No dividends at all ? As I understand it the rules will change taxation of dividends (for basic rate payers in this example) for one's limited company from 20% (i.e. 20% CT and no extra tax liability) to 25.5% (18% CT and 7.5% divi tax). Am I mistaken ?<br /><br />I pay a smallish divi in a year and HMRC have been dormant so far. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-39567840383310642422015-07-08T22:47:27.554+01:002015-07-08T22:47:27.554+01:00arg...where are my comments going? still, Ok overa...arg...where are my comments going? still, Ok overall.<br /><br />my prediction though - the next recession will start with a deficit still in play...<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-11419532372515162602015-07-08T21:18:38.473+01:002015-07-08T21:18:38.473+01:00I'm glad that, since incorporating, I have not...I'm glad that, since incorporating, I have not taken full (idiotic/greedy?) advantage of the fact that I have a small ltd co. business and can pay myself & Mrs Timbo dividends. I was told years ago "be reasonable" then HMRC won't ask awkward questions and you won't show up on the radar etc.<br /><br />So reasonable have I been that the dividend rule changes don't actually affect my (self regulated) income at all.<br /><br />I know others who will be convinced that they have just been shafted, when actually it was them (acting like Greeks) that was shafting the government, and it is them, being greedy, that have caused this change to come about!<br /><br />So for me nothing changes much, a few additional quid for higher personal allowances. A few extra quid eventually for lower corporation tax.<br /><br />A good budget tho' pretty much what they said they would do in my opinion.Timbo614https://www.blogger.com/profile/14671168026195402267noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-62921430951909554832015-07-08T19:46:00.790+01:002015-07-08T19:46:00.790+01:00Were you expecting a 2015 Tory government to ban F...Were you expecting a 2015 Tory government to ban French people and cold fizzy beer?<br /><br />...well, possibly foreigners who don't tie their shoelacesandrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-66777620008693073512015-07-08T19:10:08.900+01:002015-07-08T19:10:08.900+01:00Well, Anon, it was the budget, which tends to focu...Well, Anon, it was the budget, which tends to focus on economic issues. What was un-Conservative about it? A huge shift in responsibility for welfare from the state to the individual? Business tax cuts? Income tax cuts? Very lefty.<br /><br />Were you expecting a 2015 Tory government to ban French people and cold fizzy beer?Blue Eyeshttps://www.blogger.com/profile/16556174219724957585noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-1543862212423693972015-07-08T19:06:15.438+01:002015-07-08T19:06:15.438+01:00"reduction in benefits for those having more ..."reduction in benefits for those having more than two kids (in the future - it won't apply to those already in receipt)": maybe for those there could be a cull? deariemenoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-76169830406172538922015-07-08T18:43:10.712+01:002015-07-08T18:43:10.712+01:00A Conservative Government ? There's more to a ...A Conservative Government ? There's more to a country than "THE ECONOMY".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-27465544031807413742015-07-08T18:25:13.824+01:002015-07-08T18:25:13.824+01:00Some people would still be calling Osborne a lefty...Some people would still be calling Osborne a lefty if he cut public spending to 6% of GDP. He is aiming for 36%, the lowest for ages, and lots of people are crying "too soft! too soft!". What the hell would it take to please you guys?Blue Eyeshttps://www.blogger.com/profile/16556174219724957585noreply@blogger.com