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Realistbear

Crash Gordon Finally Admits He Has Raised Taxes

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http://www.telegraph.co.uk/news/main.jhtml...6/23/neu423.xml

Chancellor admits he increased tax
By Harry Wallop, Consumer Affairs Correspondent
Last Updated: 2:51am BST 23/06/2007
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***
# Have your say: How have Labour’s tax rises affected you?
Gordon Brown admitted for the first time last night that taxes have risen while he has been running the Treasury.
Chancellor finally admits he increased tax
Gordon Brown insists that the basic rate of income tax has fallen
:lol:
:lol:
:lol:
His admission came as research showed that families have less money to spend at the end of each month than at any time in the past four years, thanks to increased taxes and soaring household bills.
Mr Brown agreed that tax, as a percentage of national income, was higher than it had been under the last government if National Insurance was included. However, he insisted the basic rate of income tax had fallen.
But he made no mention, in an interview with the BBC, of council taxes, which were reported yesterday to have increased by
91 per cent - three times the rate of inflation
- during the 10 years Labour has been in power.
Council tax is widely considered to hit middle class families the hardest.
Ernst & Young, the accountants, calculate that
disposable income has fallen by a sixth
in the past four years, as wages fail to keep pace with household costs.

So what has his legacy been in his ten years brooding darkly over the nation's finances?

1. Rise of BTL and pricing out of FTBs.

2. Record debt.

3. Record taxes.

4. Systematic destruction of manufacturing and rising sterling.

5. Record inflation.

6. Record imbalances in trade and government spending.

7. Council tax rises of 91% (yes--91%!)

Prime minister? GMAB!

___________________

*** Here's mine:

It appears that all the poisons that have been lying in the mud these past 10 years are hatching out. The true cost of the "miracle economy" is an appalling catalogue of the consequences of fiscal mismanagement and social deprivation. The worst aspect of his legacy must include hundreds of thousands of priced out first time buyers and the insidious growth of BTL and second homes that have destroyed local communities, priced out essential workers and raised levels of debt that threaten the entire economy. The so called "miracle economy" was nothing more than a massive ponzi scheme facilitated by irresponsible lending practices and a central bank willing to maintain accommodative interest rates long past the point where the alarm bells began sounding. To add insult to injury the architect of the so-called miracle economy is about to waltz into the highest office in the land unopposed and unelected.

Edited by Realistbear

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Guest barebear

It never ceases to amaze me where they got their votes from at the last GE.No one wanted Iraq,no one wants Europe ,no one wants millions of speed cameras,no one wants 24/7 surveillance,no one wants a 91% rise in council tax and the list go's on and on, yet they are still in power.

Forever to be know as the spin government.Its about time we changed the way we elect a government and do away with this swing factor.A government with a large majority is never a good thing and is difficult to get out,therefore they can push through things that the average guy on the street doesn't want.

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Ernst & Young, the accountants, calculate that disposable income has fallen by a sixth in the past four years, as wages fail to keep pace with household costs.

Hmmm! Disposable incomes down over the past 4 years. Rational economics tells me that house prices should have fallen to reflect this.

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Hmmm! Disposable incomes down over the past 4 years. Rational economics tells me that house prices should have fallen to reflect this.

Enter stage left: Accommodative IR policy and looser credit. Result: House prices maintained!

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1. Rise of BTL and pricing out of FTBs.

2. Record debt.

3. Record taxes.

4. Systematic destruction of manufacturing and rising sterling.

5. Record inflation.

6. Record imbalances in trade and government spending.

7. Council tax rises of 91% (yes--91%!)

......and yet enough people 'feel' richer to keep voting them back in......rising house prices conceal a multitude of sins.

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......and yet enough people 'feel' richer to keep voting them back in......rising house prices conceal a multitude of sins.

Gordon might find it safer to live in Bhasra when house prices head south.

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......and yet enough people 'feel' richer to keep voting them back in..........

Blame the peculiarities of our electoral system for that, not the voters.

The fact is New Labour won a 66 seat majority at the last election by gaining just 22% of the votes of the total electorate (34% of those who voted)

So 78% of eligible voters didn't vote for New Liebour yet they still won a large majority of seats.

Now we have a deranged lunatic walking into the Prime Minister's job who nobody voted for, apart from a few thousand misguided people in Fife.

That's British democracy for you.

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Blame the peculiarities of our electoral system for that, not the voters.

The fact is New Labour won a 66 seat majority at the last election by gaining just 22% of the votes of the total electorate (34% of those who voted)

So 78% of eligible voters didn't vote for New Liebour yet they still won a large majority of seats.

Now we have a deranged lunatic walking into the Prime Minister's job who nobody voted for, apart from a few thousand misguided people in Fife.

That's British democracy for you.

Well put!

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Sorry to piss on the chips here lads, but you vote in a political party, not an individual. Who heads up that party is not decided by the people.

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Guest grumpy-old-man
Hmmm! Disposable incomes down over the past 4 years. Rational economics tells me that house prices should have fallen to reflect this.

as RB has said before, for this reason the housing market will fall dramatically.

Just think,if it should have dropped over 4 years ago, how bad is it going to be now. :o:o:lol:

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Sorry to piss on the chips here lads, but you vote in a political party, not an individual. Who heads up that party is not decided by the people.

That's technically correct of course but many people are swayed in their voting intentions by whether they like the leader of a political party or not. Look at the constant efforts in recent years of the Tories in trying to get a leader who appeals to the public.

As for New Labour, I suspect that the sinister Brown is going to be far more unpopular than Blair ever was, particulary when people realise his "economic miracle" is largely based on a debt-fuelled pyramid selling scam.

It won't be long before we hear the first cries of "the emperor has no clothes".

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Blame the peculiarities of our electoral system for that, not the voters.

The fact is New Labour won a 66 seat majority at the last election by gaining just 22% of the votes of the total electorate (34% of those who voted)

So 78% of eligible voters didn't vote for New Liebour yet they still won a large majority of seats.

Now we have a deranged lunatic walking into the Prime Minister's job who nobody voted for, apart from a few thousand misguided people in Fife.

That's British democracy for you.

Surely that just shows how easy it would be to get rid of Nulabour if enough people get up off their arses and vote. Trouble is, I suppose, more than half the country relies on a public job or public handouts.

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Sorry to piss on the chips here lads, but you vote in a political party, not an individual. Who heads up that party is not decided by the people.

You seem to be confusing what is right and reasonable with what a government can get away with.

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Surely that just shows how easy it would be to get rid of Nulabour if enough people get up off their arses and vote.

When/if the Tory Party gets it's act together and starts tackling the Government efectively like a good opposition should, then enough people will rally behind them to kick this lot out at the next election. Now Brown's in charge it's time for Cameron and Osborne to take the gloves off methinks. Get your f'in finger out lads!

Trouble is, I suppose, more than half the country relies on a public job or public handouts.

Yes, sadly New Labour have a considerable number of people in their pockets but there's still a massive majority against them. It's upto the opposition parties to mobilise their votes.

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Surely that just shows how easy it would be to get rid of Nulabour if enough people get up off their arses and vote. Trouble is, I suppose, more than half the country relies on a public job or public handouts.

One in three households across Britain is now dependent on state benefits for at least half its income.

http://www.telegraph.co.uk/news/main.jhtml.../nwelfare12.xml

Edited by dinsdale

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One in three households across Britain is now dependent on the state for at least half its income.

http://www.telegraph.co.uk/news/main.jhtml.../nwelfare12.xml

That quote should read "One in three households across Britain is now dependent on state hand outs for at least half its income."

There are probably another third who rely on a state job for all of their income.

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