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SarahBell

Give Your Ideas For The Budget

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http://www.hm-treasury.gov.uk/budget_representation.htm

A Budget representation is a formal written representation from an interest group, individual or representative body to HM Treasury with the aim of commenting on Government policy and/or suggesting new policy. HM Treasury welcomes representations as part of the policy making process. The views of stakeholders are gratefully received.

HM Treasury is launching a new way to submit Budget representations, via an online form, rather than by letter or email. This new form will ensure that your representation reaches the appropriate officials as quickly as possible.

Was inside the front page of Saturday's Sun!

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80% income tax rate for earnings over £1 million - including bonuses, of course.

Outlaw 'creative accounting'.

50% 'reparations tax' on bank profits for next 4 years.

Further reduce Vehicle Excise Duty on clean, economical cars.

Substantially increase VED all cars that don't achieve 40 miles per gallon in official, impartial tests.

Scrap national insurance and add the shortfall to income tax

Scrap free bus travel for the over 60's and replace it with free bus AND rail travel for the over 75's.

Raise duty on alcohol and cigarettes

Edited by Hyperduck Quack Quack

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Scrap winter fuel allowance, cold weather payments and free TV licences for all pensioner housholds where there is a 40% tax payer.

If they can do it for child benefit they can do it for those too :rolleyes:

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Give a 2 hour standardized IQ test/comprehension test to the public administration in all ministries. Keep all those who get in the top half, and fire all those in the bottom half. Aka get rid of half the bureaucrats in one swoop.

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Scrap winter fuel allowance, cold weather payments and free TV licences for all pensioner housholds where there is a 40% tax payer.

If they can do it for child benefit they can do it for those too :rolleyes:

Don't be silly, Pensioners vote Tory..

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Give a 2 hour standardized IQ test/comprehension test to the public administration in all ministries. Keep all those who get in the top half, and fire all those in the bottom half. Aka get rid of half the bureaucrats in one swoop.

That's not quite right. In any organisation you get clever and stupid people, and you get diligent and lazy people. Obviously, you'd want to keep the clever, diligent people, while the stupid, diligent people are a liability to everyone, and should be got rid of.

However, stupid, lazy people are to be preferred to the clever, lazy people since they will not be so inventive in dodging their duties.

To summarise: Keep clever, diligent people and stupid, lazy people; get rid of stupid, diligent people and clever, lazy people.

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That's not quite right. In any organisation you get clever and stupid people, and you get diligent and lazy people. Obviously, you'd want to keep the clever, diligent people, while the stupid, diligent people are a liability to everyone, and should be got rid of.

However, stupid, lazy people are to be preferred to the clever, lazy people since they will not be so inventive in dodging their duties.

To summarise: Keep clever, diligent people and stupid, lazy people; get rid of stupid, diligent people and clever, lazy people.

You'll never find the clever lazy people though....

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Scrap winter fuel allowance, cold weather payments and free TV licences for all pensioner housholds where there is a 40% tax payer.

If they can do it for child benefit they can do it for those too :rolleyes:

Very good. ;)

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1.Transfer of unused tax allowance to working spouse if one partner stays at home to look after children .

Would help mothers with young children to escape the workplace and free up jobs for the next generation.

2. Reverse Gordon Browns raid on pension pots and limit what the city can nick from the pensions in the name of fees.

Will give better returns on peoples pensions so they can get out of the workforce by 60 not 66 and rising as it is now , again frees up jobs for the next generation.

3. Scrap NI and only have one form of income tax .

Will stop govenments reducing tax and sticking it back on Ni.

4. Get tax free allowances up .

Will make work pay.

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Scrap all foreign aid.

Leave the EU.

Cut the salary of the 10% highest paid public sector workers in half, the next 10% highest by 1/3, then 1/4 etc. Leave the lowest paid the same.

Scrap the BBC tax.

Remove benefits from foreigners who haven't worked here for at least five years.

Remove all benefits from higher rate tax payers.

Cut housing benefit in half. Lower rents will follow, which will boost the economy.

Edited by fellow

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I would like to see a financial transaction tax. I know this needs to be international. I wouldnt mind paying as it would stabalise the market. HFT is generating liquidity but also raping the little guy.

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Grow some balls, stop fannying around with stuff like 2p on fags/booze and 1% on or off corp tax- we need a TOTAL overhall, i.e no tax on earnings, not small scale tinkering with the current ******ing shambles of a system.

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Just two for me:

1 - Discourage malinvestment into purely speculative activities - YEs, what I mean is tax the ****** out of BTL

2 - CUT RED TAPE. - This to encourage potential entrepreneurs into value adding activities.

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Impose Council Tax / Business Rates on empty properties the same as if they were occupied - would encourage turnover to productive use rather than being held as an asset.

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1. Special lower corporation tax rate for the companies where 95% or more employees are British.

2. Tax second and every subsequent property, especially if these are empty;

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I have:

1. Split retail banking from investment banking

2. Let bankrupt banks go bust

3. Cut public spending aggressively

4. Switch taxation from productive areas (income, capital gains and corporate) to unproductive (houses)

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That's not quite right. In any organisation you get clever and stupid people, and you get diligent and lazy people. Obviously, you'd want to keep the clever, diligent people, while the stupid, diligent people are a liability to everyone, and should be got rid of.

However, stupid, lazy people are to be preferred to the clever, lazy people since they will not be so inventive in dodging their duties.

To summarise: Keep clever, diligent people and stupid, lazy people; get rid of stupid, diligent people and clever, lazy people.

You're quoting somebody, but I can't remember who.

However I think the original said keep the clever/lazy and put them in overal charge because they always find the most effecient way of doing anything. The diligent/stupid are a danger to everyone including themselves and must be got rid of. Lazy/stupid are harmless, and clever/diligent make a good marzipan layer to carry out the decisions of the clever/lazy.

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Give £10 billion or so to an education program to teach economic literacy. Starting with the introduction into schools as a core subject, and also as a media campaign. This education campaign should teach the fundamentals, income vs expenses at a household and then national level, how banks work, what is a savings rate (and what that really means), what are the various inflation figures and what they mean, what are the various assets classes (including/especially focusing on housing) and the relative risks and rewards. And finally, if HPI != wage inflation then it is intergenerational theft, bad for society and probable store for significant future problems!!

I say spend £10 billion or so, you could probably roll it out for a couple of million, but on the premise that the lack of economic education was/is one of the biggest factor of why the boom in housing and subsequent bust in banking happened, which some say may have cost us a £1 trillion (/me not quite so sure it's as simple as that), then it's just a 1% investment. This 1% investment should ensure we don't ever ever ever go down this path again.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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