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Tories Study Plan For 20% Vat If They Win Ge

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Guest UK Debt Slave
The proposal – likely to raise up to £10 billion a year – is being “very actively considered†at the highest level, according to senior shadow ministerial sources.

It could be introduced within weeks of a Tory victory at the next election, which must be held by June, in a package that is also likely to include severe cuts to public spending.

David Cameron, the Tory leader, and George Osborne, the shadow chancellor, are understood to have reluctantly concluded that the state of the public finances they are likely to inherit will mean that simply cutting spending by tens of billions of pounds will not be enough.

A shadow ministerial source said: “Tax rises will have to be part of the equation. It will be time for some strong medicine.â€

The ol' bitter pill trick eh!

Well they have to steal/rob/thieve/tax the money back somehow I suppose

http://www.telegraph.co.uk/news/newstopics...for-20-VAT.html

No better or worse than NuFascist. It's all just a big game to asset strip the people

By hook or by crook, they'll shove the debt dildo up your ar$e one way or another.

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Increasing it from 15% to 20% would make quite a noticeable difference. If they did implement this I would hope at the very least* it would lead people to ask why we have to burden the real economy with layers of taxation in order to save the public finances.

*A riot would be preferable, I can only hope.

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The ol' bitter pill trick eh!

Well they have to steal/rob/thieve/tax the money back somehow I suppose

http://www.telegraph.co.uk/news/newstopics...for-20-VAT.html

No better or worse than NuFascist. It's all just a big game to asset strip the people

By hook or by crook, they'll shove the debt dildo up your ar$e one way or another.

huge HPI fuel, if the tories get in i can see these cuts and tax increases inevitably leading to at least 50% house price increases over the next 24 months, sorry guys seems youve missed the boat for sure

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Increasing it from 15% to 20% would make quite a noticeable difference, particularly when the effect is compounded through the supply chain.

But VAT isn't "compounded through the supply chain" as businesses deduct the VAT on inputs: it's a tax on the value added by each business.

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PMSL

The "socialist" VAT rate of 15% put up to 20% by the tax-cutting toff party.

Still it will not stop the bigoted twaddle on here about how much better it will be after the election. The tories did this last time round in the 70s/80s but no one was bright enough to notice that time either.

You get the government you deserve - including the present bunch of clowns.

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The ol' bitter pill trick eh!

Well they have to steal/rob/thieve/tax the money back somehow I suppose

http://www.telegraph.co.uk/news/newstopics...for-20-VAT.html

No better or worse than NuFascist. It's all just a big game to asset strip the people

By hook or by crook, they'll shove the debt dildo up your ar$e one way or another.

That piece of shit Gordon Brown has spunked our money up the wall. It needs to be paid back somehow.

Anyone expecting a Cameron government to be markedly different to these pieces of shit running/ruining the country will be sorely disappointed.

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..............& what else?

I wonder if:-

They go 20% VAT & rocket Fuel........

Car Tax?.....unless its under 120 CO2's then expect to pay lots.........got a large BMW/Merc?......Supercharged Jag or Range Rover?.........Scooby or Evo?.............Expect to pay £500 a year even a Ford ST will be £400!....Golf GTI £250 ish

I expect a MEGA change in the make up of cars on our roads, Bling will defo be DEAD!

A contact @ Mini tells me that he saw a low CO2 cocept, bigger than a mini.....a MAXI......3 pot 900 cc engine. The car wasn't that bad with lots of clever stuff, light weight, i guess it will have those nice low rolling resistance tyres (Deadly wet weather grip). BMW think that the £ will sink & people simply will not be able to buy BMW in the number they did.

On the plus side i suspect we see 0 tax rate on savings for basic tax payers, so if your cash in the bank your get a good rate of return & its tax free.

Mike

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huge HPI fuel, if the tories get in i can see these cuts and tax increases inevitably leading to at least 50% house price increases over the next 24 months, sorry guys seems youve missed the boat for sure

?

Reducing peoples disposable income leads to HPI? Are you sure about this?

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PMSL

The "socialist" VAT rate of 15% put up to 20% by the tax-cutting toff party.

Still it will not stop the bigoted twaddle on here about how much better it will be after the election. The tories did this last time round in the 70s/80s but no one was bright enough to notice that time either.

I noticed and I thought what a good idea: reduce the tax on work and increase the tax on consumption. 30 years on, I still think it's a good idea -- if taxes need to be raised to pay for Brown's train wreck.

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?

Reducing peoples disposable income leads to HPI? Are you sure about this?

I thought a reduction of disposable income lead to a increase in the sarcasm supply? ;)

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?

Reducing peoples disposable income leads to HPI? Are you sure about this?

yep, house prices only ever go up after blips in the UK, tories may even raise interest rates a couple of percent, thats another 40K appreciation on a 1 bed new build in salford right there

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We are in a financial mess I read somewhere that we need

+Taxes up 10%

+Government spending down 10%

+Retirement age 70

Just to get back to some sort of balance, I myself would favour more cutting of government spending.

We have lost

+banking as a tax cow - now a cost

+North Sea oil is declining at 5% pa - steadly compounding

20% VAT is just a starter IMHO

The next government will have to get real - the IMF (in essense the Americans) will not be there to bail us out as in the 70's they are broke too.

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We are in a financial mess I read somewhere that we need

+Taxes up 10%

+Government spending down 10%

+Retirement age 70

Just to get back to some sort of balance, I myself would favour more cutting of government spending.

We have lost

+banking as a tax cow - now a cost

+North Sea oil is declining at 5% pa - steadly compounding

20% VAT is just a starter IMHO

The next government will have to get real - the IMF (in essense the Americans) will not be there to bail us out as in the 70's they are broke too.

VAT on food, tax the fat f_ckers

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huge HPI fuel, if the tories get in i can see these cuts and tax increases inevitably leading to at least 50% house price increases over the next 24 months, sorry guys seems youve missed the boat for sure

I think you've under-estimated the effect of economic confidence. Public sector workers in particular will feel so much safer in their jobs that they will return to the market in droves. 70% HPI minimum.

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...

Reducing peoples disposable income leads to HPI? Are you sure about this?

Yes ;)

In order to make up the difference between the money they really have and the vast amount of pointless tat they buy to pretend they have a life you need to MEW 20 grand a year.

So prices HAVE to go up to allow this to happen.

In 20 years time houses will cost 2 million quid each and people will be 30 years' worth of salary in debt.

Just like "Tomorrow's World" promised us our own personal jet pack by now way back in the 60s :)

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yep, house prices only ever go up after blips in the UK, tories may even raise interest rates a couple of percent, thats another 40K appreciation on a 1 bed new build in salford right there

:lol: Well now that house prices are so cheap there's never been a better time to buy. Thank God the Tories are saving our house prices.

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I noticed and I thought what a good idea: reduce the tax on work and increase the tax on consumption. 30 years on, I still think it's a good idea -- if taxes need to be raised to pay for Brown's train wreck.

But they will just tinker around the edges rather than major reform. It won't be enough imo.

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They "Sell" the Motorway network, we have Tag & becon on the cars..............charge by the mile. So long as they don't measure speed!

Mike

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Guest happy?
I noticed and I thought what a good idea: reduce the tax on work and increase the tax on consumption. 30 years on, I still think it's a good idea -- if taxes need to be raised to pay for Brown's train wreck.

Absolutely. Regressive taxation's always a good idea. Make the poor pay. Poll tax riot anyone?

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PMSL

The "socialist" VAT rate of 15% put up to 20% by the tax-cutting toff party.

Still it will not stop the bigoted twaddle on here about how much better it will be after the election. The tories did this last time round in the 70s/80s but no one was bright enough to notice that time either.

You get the government you deserve - including the present bunch of clowns.

How is Valras and Cap D'Agde?

My ex works in an EA in Beziers these days.

I think.

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By hook or by crook, they'll shove the debt dildo up your ar$e one way or another.

my eyes wince at the thought of someone using a hook - or a crook - to ram a dildo up my ar$e. thanks for the mental image.

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Guest UK Debt Slave
my eyes wince at the thought of someone using a hook - or a crook - to ram a dildo up my ar$e. thanks for the mental image.

Get used to the thought.......cos that's what'll happen...metaphorically of ourse

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