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Original poster

I am seriously pissed off.

37 replies

FabIsVeryFestive · 09/12/2009 17:35

Not so much that everyone earning £20,000 or more are to be paying more tax, because for one it isn't a huge amount of money but because it seems to me ordinary people are being punished for the bankers being wankers recession and how will it get people spending again when they have even less money?

OP posts:
sarah293 · 09/12/2009 17:53

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dilemma456 · 09/12/2009 17:54

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Confusedfirsttimemum · 09/12/2009 17:57

I totally agree. How can they justify a tax hike to hit the (almost) lowest possible earners. If they must increase NI it should have been above a threshhold...

Original poster
FabIsVeryFestive · 09/12/2009 18:01
OP posts:
TheCrackFox · 09/12/2009 18:05

YANBU.

I guess, over the next decade, we have a lot more of this to come. Thanks very much RBS/HBOS.

Miggsie · 09/12/2009 18:11

I am begining to see why medieval peasants used to turn into restless lynch mobs over the price of bread

atlantis · 09/12/2009 20:17

Oh but this is their general election campaign winning pre budget, the real policies wont come out until after the next election when we shall all be well and truely clubbered, so imagine what is in store for us all if Labour were to win the next election.

Stretch · 09/12/2009 21:45

If this is what Labour has planned, then god help us if the Torys get in.

EccentricaGallumbits · 09/12/2009 21:48

tis jsut preparation to get us in the right frame of mind for when the tories take over.

Prinnie · 09/12/2009 22:00

Well the bankers should take a lot of the blame, but we should never forget that it was Gordon Brown who presided over the economy for 10 years letting it all happen, taking all the credit for the 'boom' which was the bankers going crazy....amazing isn't it how he took all the credit for the amazing economy but suddenly we hit rocky times and it's a global bust and all the banks fault..... he was by far and away the biggest con of a chancellor this country ever had.

sarah293 · 10/12/2009 08:15

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Original poster
FabIsVeryFestive · 10/12/2009 08:16

I have possibly missed the point, or maybe AD has, but if this is how things are going to be after the election what makes them think they will get in?

OP posts:
Callisto · 10/12/2009 08:29

Yep, GB has well and truly screwed us all. Our national debt is so crippling that we will probably lose our AAA rating which isn't good at all. He is a tosser and a large chunk of the blame for this mess lies at his door. Anyone who disagrees really needs to read up on what has been happening for the last 10 years.

sarah293 · 10/12/2009 08:31

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Morloth · 10/12/2009 10:15

He was the treasurer before becoming PM wasn't he? If you are the treasurer and the economy goes belly up it is kinda your fault I think.

expatinscotland · 10/12/2009 10:16

we are seriously beginning to consider emigrating to another EU country.

Undercovasanta · 10/12/2009 10:23

Oh yes its great.

  • I earn just a bit more than £20k - so I lose out there.
  • I work in the public sector - so I am going to lose out by pay capping (yes I know I get a pension but I also get paid much less than I would in private sector).
  • I actually have some savings which I have scraped together over the years - and these are now getting more or less zero interest.
  • I have a low-ish mortgage and have only just moved from a 5 year fixed rate - so haven't benefitted a great deal from the interest rate drop.

I am in no way responsible for any credit issues etc - I have no credit cards, a low mortgage, and no loans.

So I am really really pleased all in all . I have done everything 'right' IMHO. I have saved and not borrowed, and as a result have been royally stitched up. Bastards!

nancy75 · 10/12/2009 10:26

agree with you undercoversanta, we have no debt at all (we rent our home) never had credit card or even an overdraft, dps wages will be capped and we get no interest on the meagre savings we have.
cheers gordon brown!

ReneRusso · 10/12/2009 10:27

Gordon Brown allowed the deregulation of the banking system on his watch, and allowed public borrowing to soar, so some of the blame is his, even if it was triggered by other events

expatinscotland · 10/12/2009 10:29

do any of these people have any clue what a small amount £20,000 is after NI alone?

no.

they are all completely out of touch.

and if you think cameron is better, haahaahaa!

missorinoco · 10/12/2009 10:31

I agree.

I am struggling to see how bankers demanding their bonuses or they will leave the country is different to a strike.

So the bank pays a tax on the bonus. Great, we pay the bonus and then pay the tax on it too.

Likewise I may have missed the point but am seething anyway.

Undercovasanta · 10/12/2009 10:32

Gordon Brown took the glory, so he must take (at least some of) the blame!

sarah293 · 10/12/2009 10:53

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RibenaBerry · 10/12/2009 11:03

Hhhm, I blame Gordon for some pretty duff decisions.

He failed to see the bust coming (all that "we've abolished boom and bust") despite it being spectactularly naive to believe that growth would continue forever. That resulted in him spending like wildfire during the good times, leaving nothing in the pot for when the bust came.

The daft decision on selling gold also cost us about £12 billion I read recently. That would have covered a lot of NI...

Of course, that doesn't mean Cameron would do better!

BadgersPaws · 10/12/2009 11:14

"I am struggling to see how bankers demanding their bonuses or they will leave the country is different to a strike."

It is a little bit different....

The bankers are saying that they can earn more money and have less regulation on their bonuses if they go overseas.

Strikers, such as train drivers, often are just claiming that they believe that they're not paid enough. In reality they've got it reasonably good and won't get it better elsewhere.

The best a striking train driver can hope for is that they will cause such pain and misery that they will have to be given what they want.

The bankers will simply quit one job and walk off to another, taking their clients with them.

For a country like ours that has, rightly or wrongly, become so dependant on the financial sector for our wealth (and therefore the taxes the Government has to spend) then unfortunately we do need to tread carefully.

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