Spending review

[Guest pelmetman]

It will take a while I expect for the dust to settle:D................... So is it worse or not as bad as you thought (?)

[malc d]

I have deliberately ignored all the guessing that has clogged up the media for the last few weeks so I didn't have any expectations.

 

There will be more to come no doubt when the local councils start looking at how their budgets have been cut.

 

 

 

:-(

[Bulletguy]

Typically Osborne has cut from the bottom. Pity he stopped halfway and didn't carry on going up.

 

When is the issue of non-doms going to be tackled? Most of these people are in the super rich bracket yet avoid paying tax simply by having a home outside the UK. About time a stop was put to this and force them to pay their dues. Oh...........I forgot. Most of them bung the Tory party.

 

When are we going to see MP's who blatantly fiddled the system, prosecuted and slung into prison?

 

When are we going to see an end to the greed and avarice of the Bankers pulling bonuses in the millions?

 

Osborne talks about cutting benefits in order to force 'the work shy' back into work but fails to show precisely where these jobs are and just how many he's going to conjure up out of thin air. The season of goodwill is approaching when tradition has it where employers like to chuck people out of work with no prospect of going back.

 

The state pension age is set to rise to 66 for all by 2020. The French have taken to the streets in force protesting against Sarkozy's intention to raise their state pension from 60 to 62.

 

The question was raised on tonights BBC News whether people in Britain will react in the same way.

 

I can answer that.

 

NO!! *-)

[Guest pelmetman]

I think for me, the most shocking part of this spending review, is that apparantly even after the most severe cuts since WW2 they will only have reduced our daily borrowing by 50% 8-)

 

We will not even have started to repay any of the debt 8-)

[flicka]

And who's to blame for that -

why..................... Grasping Gordon the worst Labour chancellor EVER.

 

Cuts could have been far worse for all areas, not just the Public Sector.

 

But, even with the Public Sector projected job losses over the next 4 years, their numbers will still be higher than before Labour started to put all the extraneous Admin in place.

[Bulletguy]

flicka - 2010-10-20 8:29 PM

 

Cuts could have been far worse for all areas.....

All areas??

 

He should have gone right to the top but kept it down at the bottom.

[enodreven]

Hi,

 

I really find it hard to imagine that anyone of these Non-Doms that would stay here long enough to be taxed, I think we need to get realistic if you try and raise their tax they will just move out of the country, then not only won't you get the tax you think they owe, but you won't even get the tax from the money they spend in this country.

 

Its a red herring, you just can't get anymore tax from them than they want to pay, the only way to raise significant taxes is to take it from the masses, and I'm afraid to say they are the lower paid, it doesn't seem fair but that's the way its always been and it always will be.

 

Its the same with taxing the banks, if you set a tax level that is to high they will just move to another country, with the Internet etc its such a small world they can do business from anywhere, so don't be fooled into believing that the banks are going to be punitively taxed anytime soon as they currently generate to much of the countries wealth to be taxed so highly that they leave.

 

 

[Bulletguy]

braunston - 2010-10-20 8:59 PM

I really find it hard to imagine that anyone of these Non-Doms that would stay here long enough to be taxed.

Philip Green has been here fifty years. Isn't that long enough?

 

 

braunston - 2010-10-20 8:59 PM

.....you just can't get anymore tax from them than they want to pay...

How would it be if we all took this attitude?

 

He has billions so doesn't pay any tax.....the majority earn a few grand but get whacked all the time. Not only is that wrong and unjust, it's totally immoral.

 

braunston - 2010-10-20 8:59 PM

if you set a tax level that is to high they will just move to another country,

Let them go.

 

 

[enodreven]

Bulletguy - 2010-10-21 7:18 AM

 

braunston - 2010-10-20 8:59 PM

I really find it hard to imagine that anyone of these Non-Doms that would stay here long enough to be taxed.

 

Philip Green has been here fifty years. Isn't that long enough?

 

That's the point, he has only stayed that long because we haven't introduced a punitive tax on billionaires.

 

braunston - 2010-10-20 8:59 PM

.....you just can't get anymore tax from them than they want to pay...

 

How would it be if we all took this attitude?

 

DISGUSTING, I don't agree with them getting away with it, my point is if you try to tax them they will just up and move to somewhere that doesn't.

 

He has billions so doesn't pay any tax.....the majority earn a few grand but get whacked all the time. Not only is that wrong and unjust, it's totally immoral.

 

Totally agree, but don't get lead into the hipe that we can do anything about it, if we try they will just move.

 

braunston - 2010-10-20 8:59 PM

if you set a tax level that is to high they will just move to another country,

 

Let them go.

 

The problem with that is if Richard Green did, he may then find it easier to invest in the other country he decided to live in, and we would lose his investments, which whether we like it or not provide a lot of jobs etc for people in the UK.

 

 

[Bulletguy]

I don't have any problem with them moving. They have gorged at the trough for free far too long and it's the plain ordinary 'joe blog' who has been pouring fodder into that trough.

 

Put bluntly they are crooks but because they dress smart and have an aura of respectability about them, some people are taken in.

 

People are now being asked, and expected, to tighten their belts, pay more taxes and work longer (ideally until you are dead).

 

The fodder in the trough is drying up. It's time for the pigs to start paying as well......or get out.

 

 

[nowtelse2do]

And it's good news that we will be increasing our overseas aid (!) good to see we haven't lost our sense of humour. No more to Russia or China, I wonder how they will manage without us.

But the best is, that those two Nuclear powers (and best of enemies) India & Pakistan will still be getting their aid.

Dave 

[Porky]

Bulletguy - 2010-10-21 8:26 PM

 

I don't have any problem with them moving. They have gorged at the trough for free far too long and it's the plain ordinary 'joe blog' who has been pouring fodder into that trough.

 

Put bluntly they are crooks but because they dress smart and have an aura of respectability about them, some people are taken in.

 

People are now being asked, and expected, to tighten their belts, pay more taxes and work longer (ideally until you are dead).

 

The fodder in the trough is drying up. It's time for the pigs to start paying as well......or get out.

 

 

Keep the red flag flying BG, sorry don't know your real name*-)*-)

I think you are underestimating the ability to move around the world financially. Since I can remember people with money had accounts in Switzerland, now there are many other safe havens. So perhaps we should make things more favourable here to attract them instead of banishing them elsewhere>:-)

The fact of the matter is that my comments and yours are not costed or calculated so they are emotive and therefore probably incorrect.

 

 

Roy Fuller

[enodreven]

Hi,

 

I get taken in by this hype that we can and should TAX the Banks and the Non-Doms until their pips squeak so we can carry on paying out the benefits and increasing them in-line with inflation, and continue employing people in jobs that aren't really necessary.

 

I really would like to believe that can happen and would be one of the first to take my wheelbarrow to their door and collect the tax/money from them.

 

But the real question is would they still be there when I arrive with my wheelbarrow, ? I don't think so.

 

I agree, before I have time to think about it deeply, that we should tell them to go if they don't want to pay our punitive taxes.

 

But when I give it a bit more thought I start to wonder would they still invest their money in my country which actually helps to pay some of my friends wages and contributes to the wealth of the UK if they thought that at anytime this country could suddenly capture them and squeeze them until their pips squeak, I think not, I think they would look as we all do for a safer place to invest.

 

I also ask myself the question if these punitive taxes against Non-Doms could be actually imposed and the Non-Doms would actually stay and pay them why hasn't any previous Government of what ever political persuasion introduced them ?

 

It was also interesting to listen to Vince Cable prior to the election suggesting that these type of taxes should be introduced 40 billion was a figure I seem to remember being banded about, and now he is in a position to introduce these taxes I have heard very little, some may say he has been got at etc. but taking the above into account I get the strongest feeling that he has suddenly realised that if you try to impose these sorts of taxes as I'm sure many other politicians have done before him you have no way of keeping the people or companies here long enough to collect.

 

Let just hope this spending review works for the countries sake, as what ever is don its a gamble, in this current economic climate no one knows what will work so its a bloody big gamble which will affect all of us in some way or other, and if it fails God knows what will happen, I just hope it doesn't fail as I can't believe anyone can believe we could just go on spending and spending money we don't have.