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spyguy

Working Age Benefits Frozen For 2 Years

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More importantly, Osborne committed to no tax rises and specifically on houses or the wealthy boomers, pensioners, Londoners.

All his deficit reduction will be on the low paid, out of work.

Says it all really.

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More importantly, Osborne committed to no tax rises and specifically on houses or the wealthy boomers, pensioners, Londoners.

All his deficit reduction will be on the low paid, out of work.

Says it all really.

These people dont even have a parliamentary majority and they are acting like they do. There share of the vote at the G.E. will be much less, this party of self serving banker puppets is dead in the water now. People will be voting en masse for Labour and UKIP. I think the tories only won the last G.E. because EVERYONE ( except maybe himself ) wanted to see the back of Mr Broon.

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Oh come on - he's announced the removal of tax on defined contribution pension inheritances. That applies to everyone you know.

EDIT: They must be worried about not being re-elected now because that is being implemented prior to the election....unlike any cuts.

He's a clever man...he's buying the votes of people that already vote tory.

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Oh come on - he's announced the removal of tax on defined contribution pension inheritances. That applies to everyone you know.

EDIT: They must be worried about not being re-elected now because that is being implemented prior to the election....unlike any cuts.

Oh come on.

Who benefits most? The low paid and on benefits? The average £18,000 pension pot holder. I don't think so.

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Oh come on - he's announced the removal of tax on defined contribution pension inheritances. That applies to everyone you know.

EDIT: They must be worried about not being re-elected now because that is being implemented prior to the election....unlike any cuts.

Turns out it was Osborne who raised the rate from 35% to 55% in 2010.

I suppose cutting taxes for c 2% of people is 'everyone' in his warped mind.

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Just give up. I have. It's very liberating. Come on in, the water's lovely.

+1

..and join in with us, moaning on Twitter. Pointless, but its good fun fecking up someones timeline

Edited by aSecureTenant

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+1

..and join in with us, moaning on Twitter. Pointless, but its good fun fecking up someones timeline

I am on Twitter (although not much recently) and was RT-ing you yesterday, and you, my RTs . Edited by 8 year itch

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UKIP take note.

The beeb is often heralded as being "loony left".

Much of their news team are actually Tory (with a healthy smattering of strawman lefties of course) - their head political editor and many others will be doing their bit to keep their London home prices propped up and the Tories in power come the 2015 GE.

Edited by byron78

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The 0% increase was certain.The fact they will also freeze the allowable earnings threshold matters more.NMW goes up £6.00 a week for full time worker means tax credits cut by £2.50 a week.The £3.50 left from the pay rise is taken at 60% for HB and 15% for Council tax benefit.So the £6.00 increase in NMW means an increase in income of £0.90p a week.Or 0.3%

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The 0% increase was certain.The fact they will also freeze the allowable earnings threshold matters more.NMW goes up £6.00 a week for full time worker means tax credits cut by £2.50 a week.The £3.50 left from the pay rise is taken at 60% for HB and 15% for Council tax benefit.So the £6.00 increase in NMW means an increase in income of £0.90p a week.Or 0.3%

Presumably the £6 rise will suffer 20% tax plus 11% NIC so the net effect will be a £0.96 reduction in net income.

What a strange country we live in.

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They promised to deal with the deficit in THIS parliament and balance the books by 2015.

They campaigned on the basis of dealing with 'Brown's Bubble'.

They told us they would get net immigration down to 'tens of thousands'.

Why does it matter what the c***s have to say for themselves now?

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More importantly, Osborne committed to no tax rises and specifically on houses or the wealthy boomers, pensioners, Londoners.

All his deficit reduction will be on the low paid, out of work.

Says it all really.

No tax rises. So it's all on spending cuts. Now if the economy slows presumably he'll slow down what he calls deficit reduction. If you can call it that.

Still though to outline no tax rises and slam those at the bottom is simply draw dropping.

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No tax rises. So it's all on spending cuts. Now if the economy slows presumably he'll slow down what he calls deficit reduction. If you can call it that.

Still though to outline no tax rises and slam those at the bottom is simply draw dropping.

Sorry - you really aren't advocating tax rises are you - jaw dropping we are already so far away from the Laffer curve it is laughable under a Tory government

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Did he say when he going to stop borrowing £120bn/year to keep the wretched UK economy out of recession?

Thought not.

Probably when we have a recovery.....

Osborne targets welfare for cuts in tough message to voters
6:32pm BST

BIRMINGHAM England - Chancellor George Osborne spelled out plans for more spending cuts on Monday, betting that voters will accept his tough approach to fixing the economy and give an election victory to his Conservative Party next year.

Tough Tory headlines.

Does this mean he'll be cutting the welfare payments to the nations number 1 lazy feckers, ie the bankers? What's going to happen when they cut housing benefits?

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He's going to have to do more than freeze the allowance.

I'd gues there'll be a bumping -maybe tripling - of the hours - 16h -> 60h for a couple.

Plus a reduction in the pay out - say taking the top up to NMW x 40.

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All the reports say that on top of this freeze he's looking to cut another £9 billion a year from benefits. There's not much left to cut from those whose main income is out of work benefits - JSA, ESA, and IS add up to about £30 billion in total - although the one big cherry left here is contributory ESA which costs about £4.5 billion - but they've slashed it once already and promised not to touch it again (if you can believe them!). So we'd be looking at it coming from HB, tax credits, DLA or pensions.

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All the reports say that on top of this freeze he's looking to cut another £9 billion a year from benefits. There's not much left to cut from those whose main income is out of work benefits - JSA, ESA, and IS add up to about £30 billion in total - although the one big cherry left here is contributory ESA which costs about £4.5 billion - but they've slashed it once already and promised not to touch it again (if you can believe them!). So we'd be looking at it coming from HB, tax credits, DLA or pensions.

Tax credits.

HB

DLA

Supplementary pensioser stuff- winter fuel, bus pass.

In that order.

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Surely the deficit is a trivial thing compared to all the wealth we have embedded in our houses- we need but tap a fraction of that to eliminate the deficit entirely.

The total value of the UK’s housing stock has risen slightly to £5 trillion over the past year, but housing wealth is becoming increasingly concentrated in London and the South East, according to international real estate adviser, Savills, in their annual Valuing Britain analysis.

Ten years ago the UK’s housing stock was worth just £2.9 trillion, rising to £5.4 trillion at the peak of the market in 2007.

http://www.savills.co.uk/_news/article/72418/144360-0/2/2013/uk-housing-stock-value-climbs-%C2%A35-000-000-000-000-as-london-becomes-more-dominant

So we have an asset base of 5 trillion and a deficit of about 22 billion- absolute chickenfeed. So instead of attacking the poorest people in society all Osborne need do is tax a fraction of that 5 trillion market and solve the deficit problem.

But where are the votes in that? Far better to go after the 'scroungers' at the bottom than those who have gained massive unearned wealth at the top.

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