Brexit Arms. Empty Ditch for sale. Interested parties please contact owner by 12th Dec.

[Epicwaffle]

Apparently the usual landlady over ordered on Bar nuts on the last thread. Just step over them if you find them here, as we haven’t had a chance to clear them up yet.

Welcome to all friendly parties!

First drinks are free!

I think we’re heading towards another hung parliament - if Farage does flood seats with Brexit Party candidates, he’ll split Leave vote in Tory target seats just as LDs will split Remain vote to detriment of Lab.

Interesting times ......

Interesting look at how the Brexit vote is split from Britain Elects on Twitter (via YouGov, 17 - 28 Oct)
Obvs before no-Brexit day, and before Nige's willy waving so things may have changed.

2016 Remain voter Westminster voting intention:

LDEM: 34%
LAB: 33%
CON: 16%
GRN: 9%

2016 Leave voter Westminster voting intention:

CON: 58%
BREX: 24%
LAB: 10%

ContinuityError I was using the example of the reduced pension tax relief to demonstrate that even caring benevolent wealthy consultant doctors are refusing to work because they would have to pay to much tax.

Yes I know it was an Osborne tax change that has backfired but the Tories have realised that and are fixing it.

But despite the evidence that punitive tax rises on wealthy workers just means they dont bother working, Corbyn is still saying he will punish the rich and make the whole country poorer Venezuela.

Thank you Epicwaffle, you got their before me.

If nothing else, at least the misunderstanding gave forth the opportunity for the deployment of a sad face emoji

A rare thing on these normally jovial threads!

if Farage does flood seats with Brexit Party candidates
Interesting use of the word 'flood'. I am pretty sure the Brexit party is only allowed 1 candidate per seat just like everyone else.

I am pretty sure the Brexit party is only allowed 1 candidate per seat just like everyone else.

😂😂😂😂😂

I think people read the 50% figure and that strikes them as being unfair

Just reducing the bands at which higher rate tax kicks in would probably have looked better

Having said that at least labour can promise that people under 80k wont have their tax rate touched

Which they wouldn’t be able to do if the tax bands were all lowered...iyswim

Norway, Sweden and Iceland have high concentrations of billionaires despite large welfare states and high taxes.

www.piie.com/research/piie-charts/which-places-have-highest-concentration-billionaires

Glad we're agreed it's a balance, because I don't fancy living in Singapore with its renty exploitative society any more than I fancy Venezuala atm.

The Tories are quietly renationalising dysfunctional railway services and prison services. They don't seem that keen on PFI either. I don't think it is wise for the Labour Party to be going down the politics of envy route but I also don't think defending the wealth hoarders is the appropriate response from the Tories.

One of the best things wrt tax that the Tories have done as far as I'm concerned is raising the personal tax allowance (think it's doubled since 2010?)

That's something that's helped low income earners massively and is often overlooked

The richest 1% in the UK pay approx 28% of ALL income tax.
Nearly half of all adults don't pay ANY income tax.

If 1% of the UK's adults left, how much more tax would the 49% in the 'middles classes' have to pay?

I agree Dusty re the raising of the personal tax allowance. Although I think the idea was one of the Lib Dems' that got adopted when they came into coalition?

I'd favour a tax regime where people keep as much of their hard-earned income as possible, but pay tax when they buy stuff (so VAT, duties, luxury taxes, etc) Put the decision to pay tax under the individual's control.

It's weasel words with "tax" though - what about national insurance? That seems to be untouchable "because it's for our NHS" even though it all goes into the same Treasury coffers.

When did "the NHS" morph into "our NHS"? I've heard the latter far more frequently recently.

I'd be all for raising the tax allowance to the same level as a full time minimum wage job would pay, defo.

Then tinker around a bit with the other income tax levels & %s (am not that up on tax stuff as I've always been PAYE so never needed to understand it all)

Raising VAT has a negative impact on lower incomes though I think (but again, I'm not an expert)

There def needs to be a sensible balance though as the highest earners contribute such a massive % of revenue & it would be daft to scare them off.

raising VAT has a negative impact on lower incomes though I think

Yes you are right

Dh was ‘explaining’ this to Priti Patel but she said that people on low incomes are lazy and expect everything to be given to them

So that was nice

Yes I know it was an Osborne tax change that has backfired but the Tories have realised that and are fixing it.

They aren’t though, are they? What happened to the November budget that was going to fix it?

Oh, cancelled, because Johnson wanted to push his crappy WAB through and then had a hissy fit because MPs pointed out it was a bag of nails and wouldn’t agree to it.

crappy WAB

I thought it was good 🤷🏻‍♀️

I’m sure you do think it was good.

I don’t. For lots of reasons, including those that meant the HoC and HoL should have been given sufficient time to scrutinise it properly.

Although if you’re hoping for a united Ireland within the next decade then Johnson’s deal would be pretty appealing.

What happened to the November budget that was going to fix it?

Um I think thats the topic of many threads, its called Brexit.

the HoC and HoL should have been given sufficient time to scrutinise it properly

Translation: the HoC and HoL should have been given sufficient time to shred the WAB until it was BRINO.

Tax needs to be progressive, ie without cliff edges

Currently, if you have a company car and you exceed the higher rate tax threshold by £1, your car tax doubles (so probably about another £1,000 minimum in tax)

Its the cliff edges which fuck you up

Effective tax rate of 62% when you go between 100k and 125k

Depending on how much you earn over universal credit limits you pay 70% + tax

73%...

No one, no matter how rich or poor should pay more than 50% tax on their earnings.

Long time, no see 😎