Tax Rises Inevitable

[Sinking Feeling]

Just the news you wanted to hear. First interest rates rise then inflation and now taxes- again!

http://www.telegraph.co.uk/money/main.jhtm...2/cnbrown22.xml

The British economy is "on thin ice" and businesses and households face "inevitable" tax rises, according to an authoritative independent report to be published tomorrow.

In a wide-ranging assault on Gordon Brown's management of the economy, the Ernst & Young Item Club accuses the Chancellor of "blithely borrowing" and making "over--optimistic" forecasts. It warns that Britain "is living beyond its means" and is "highly vulnerable to a reversal in financial market confidence".

Richard Lambert: people are angry

At the end of a week in which inflation hit a 16-year high, making another rise in interest rates a near certainty, signs that Britain's benign economic conditions could soon reverse are souring relations between the Government and business.

Edited April 22, 2007 by Sinking Feeling

[Realistbear]

Well, let's face it, its been one helluva party hasn't it? House prices up 200-300%, piles of tat in the living room, shiny German cars in the three car garage, holiday homes in Devon. All that "free stuff" paid for courtesy of Merv and the lads at the bank comes at a price.

Welcome to Gordon Brown's REAL world folks.

[234SALE]

Well, let's face it, its been one helluva party hasn't it? House prices up 200-300%, piles of tat in the living room, shiny German cars in the three car garage, holiday homes in Devon. All that "free stuff" paid for courtesy of Merv and the lads at the bank comes at a price.

Welcome to Gordon Brown's REAL world folks.

Load onto stamp duty for a second home I say, Hit the sellers by 1% as well..

Just think to all those lanlords that have 30 or so homes

[Ash4781]

http://observer.guardian.co.uk/business/st...2062543,00.html

Not very labour like!

[OnlyMe]

Richard Lambert: people are angry

Richard Lambert is in no position to talk, his supine, pathetic BOE bankrolled the him and the govt with cheap money to do with whatever they wished.

[Bearback]

Why doesn't GB suggest that we hand all our wage over to the treasury.

Then they can decide how best to spend the money.

[adamUK]

Why doesn't GB suggest that we hand all our wage over to the treasury.

Then they can decide how best to spend the money.

That's exactly how Gordon wants it. He wants everyone to be beholden to the state where he takes nearly all your money and hand it back in tax credits for here, there and everywhere so ultimately he has control. It's socialism, simply. Keep the bourgeoisie and the proles in hock to the party.

Remember, in the Nu-labour nanny state, big mother is watching you....

[Waiting Patiently]

As all Brown's chickens come home to roost the blame game starts and the mainstream start to voice fears that some on this board have been warning of for two years or more. It's a bit late now though, just as the sh>t is about to start hitting the fan.

Labelling last month's Bud-get "a circus act rather than a Finance Act", the Item Club says Brown is "far too relaxed" about the public finances. "The Chancellor has racked up big liabilities in order to bankroll consumption," said Professor Peter Spencer, the Item Club's chief economic adviser. "Many households have followed his lead, continuing to spend frantically despite rising tax and utility bills."

Predicting economic growth of 2.9 per cent this year, the club says lenders and borrowers must respond to higher rates by reining in spending. "If next month's rate rise doesn't cool things down, rates will need to increase again," Prof Spencer said. "We have taken this credit expansion too far. The country is skating - not to say wobbling - on thin ice."

[crash2006]

As all Brown's chickens come home to roost the blame game starts and the mainstream start to voice fears that some on this board have been warning of for two years or more. It's a bit late now though, just as the sh>t is about to start hitting the fan.

few months ago the ywere saying how great GB was , 2 face @*@*