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politicalbetting.com » Blog Archive » How much of Scotand will still be in SNP hands on June 9th?

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  • Philip_ThompsonPhilip_Thompson Posts: 65,826

    Labour members/activists boo Laura K, again.

    Positively Trumpian

    But they gave a massive cheer to the Morning Star so it all balances out surely?
  • TheWhiteRabbitTheWhiteRabbit Posts: 12,387
    Sandpit said:

    No zero hour contracts. That's the pub trade gone

    Everyone's Christmas party just got a load more expensive, if anywhere with a function room has to keep it staffed when there's no events on!
    Presumably not every employee is going to be full time! Which wouldn't work for a lot of employees either.

    But it does raise the question of how minimum hours are going to work. Say for example it's 7 hours. But will that mean exclusivity for the employer is back on the table? Will the employee be able to turn out additional work, as they can (in theory) now?
  • Richard_NabaviRichard_Nabavi Posts: 30,820
    LOL!

    A Home Office run by Diane Abbott will be fair and decent, [Corbyn] says.
  • Pulpstar said:

    Can we exclude all North, East, South and Wests from constituency naming schemes in the next round please.

    I'm trying to check two models against each other and extracting all the England constituencies I run into

    "Basildon South & Thurrock East" vs "South Basildon and East Thurrock"

    Why not just Billericay ?

    Sadly the consultation period for the boundary changes has closed now.
    We have some idiotic names. Wyre Forest's better known as Kidderminster ... absolutely nothing to do with Wyre North and Preston. Does everyone know that, even on PB?

    I think we used to name most rural seats after the largest town in them.
    I'm glad that they don't do that now.
    Hertsmere would be named Borehamwood in that case.

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    None of the staff in my assorted local's are on ZHC's.

  • TheScreamingEaglesTheScreamingEagles Posts: 113,957
    Scott_P said:

    @singharj: Confirmed: shadow defence secretary Nia Griffith turned down invitation to be at Labour manifesto launch. She is out campaigning in her seat

    She's got a 7k majority, says it all about how bad Labour are doing
  • HurstLlamaHurstLlama Posts: 9,098

    Mr. Herdson, not convinced we need a US deal anyway. We do a lot of trade and tariffs are very low, aren't they?

    Hush, Mr. Dancer, you must not say such things. Most UK trade is carried out quite successfully without a free trade agreement but once enough people realise that then the discussions over Brexit will go down a different route.
  • Animal_pbAnimal_pb Posts: 608

    "The longest suicide note in history" is an epithet originally used by United Kingdom Labour Party MP Gerald Kaufman to describe his party's 1983 election manifesto, which emphasised socialist policies in a more profound manner than previous such documents."

    Records are made to be broken.

    Thing is, though, the Labour Party has already been metaphorically hanging out a 13th storey window with a megaphone, yelling about how they're going to jump. This time round the manifesto will just be a postscript.
  • FrancisUrquhartFrancisUrquhart Posts: 76,274

    LOL!

    A Home Office run by Diane Abbott will be fair and decent, [Corbyn] says.

    With 250k extra police officers on 2p / hr
  • TheScreamingEaglesTheScreamingEagles Posts: 113,957

    LOL!

    A Home Office run by Diane Abbott will be fair and decent, [Corbyn] says.

    But not numerate ?
  • Casino_RoyaleCasino_Royale Posts: 55,008

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    The tax bombshell has already been trialled this election. Labour has just given CCHQ the excuse to go full-on 1992.
    Depends how "dry" the Tory manifesto is though.

    I'm slightly nervous.
  • PulpstarPulpstar Posts: 75,841
    edited May 2017

    Is that all? Have they included employers NI there?
    I don't think this is even the worst part of the tax system actually.

    On 20-45k, the effective/true marginal rate for graduates is 54% !

    A graduate on 110k could be around 82% effective marginal rate I think :open_mouth:
  • TheWhiteRabbitTheWhiteRabbit Posts: 12,387

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    Genuinely - how does one abolish zero hours contracts? You have a right to a mionum number of X hours if requested - but what is X?

    I think it would be workable if zero hours employees who actually work part/full time had a right to formalise that arrangement.
    The one aspect that crept into agency / ZHC, which was wrong and been outlawed, was demanding exclusivity.
    Absolutely. Is it back on the table if I guarantee you five hours? Ten? Not enough to live on.
  • BaskervilleBaskerville Posts: 391

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    Because we have always had ZHC type employment ....Either casual work with no formal contract (a lot of pub work) or agency work.
    Indeed, which is why I suspect that a ban would have little impact in reality, and why it misses the important point about job security, flexibility and employee rights. If someone is on a ZHC, then they need the right to simultaneously take other employment, for example.
    And that's why the government introduced legislation banning exclusive ZHCs.
  • David_EvershedDavid_Evershed Posts: 6,506

    Student audience like the scrapping of student fees. Not realising it wont apply to them as they have already started their courses.

    Student fees will not apply to the Bradford students because they will not be earning enough to have to repay the loan.
  • Ishmael_ZIshmael_Z Posts: 8,981

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
  • SandpitSandpit Posts: 49,614

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
  • FrancisUrquhartFrancisUrquhart Posts: 76,274
    Jezza giving out so many uncosted sweeties he is like willy wonka...
  • HurstLlamaHurstLlama Posts: 9,098

    Odd priorities for Labour. They're proposing to splash out £48bn a year more on current* spending, and getting on for a quarter of that (£11.2bn) would go to university students in maintenance subsidies and abolition of tuition fees. Contrast that with the £2.1bn on social care, or the £5bn on healthcare.

    * (plus countless further billions on nationalisations, infrastructure etc)

    Don't forget that National Investment Bank, where a small amount of cash from the taxpayers will be used to leverage £250bn from those private investors who will be facing the nationalisation (i.e. theft) of their previous UK assets.
  • bigjohnowlsbigjohnowls Posts: 21,721

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
  • FrancisUrquhartFrancisUrquhart Posts: 76,274
    edited May 2017
    Sandpit said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
    You don't even need to be a big business, places like Estonia will be more than happy to have you in a heartbeat.
  • tessyCtessyC Posts: 106
    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.
  • FangsyFangsy Posts: 28
    Funding document says married persons allowance will be scrapped, but it is not in the main manifesto. This is only received by very low earners and would make a mockery of the £80k+ headline.
  • Scrapheap_as_wasScrapheap_as_was Posts: 10,059

    Is that all? Have they included employers NI there?
    No - we had this last night - that's definitely the case but the voter doesn't worry about their employer's tax rate.... unless they are a company director!

    What news of the IHT changes proposed?
  • FrancisUrquhartFrancisUrquhart Posts: 76,274

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
    Not what the IFS and IEA say....Not even close.
  • MarqueeMarkMarqueeMark Posts: 49,957
    Sandpit said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
    Marquee Mark's Maxim: Money Flees Taxation.....
  • SandpitSandpit Posts: 49,614
    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    About bloody time too. Those bridges have been paid for several times over already. Good news for Newport and Bristol.
  • MonikerDiCanioMonikerDiCanio Posts: 5,792

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
    bigdianeowls.
  • PulpstarPulpstar Posts: 75,841
    Fangsy said:

    Funding document says married persons allowance will be scrapped, but it is not in the main manifesto. This is only received by very low earners and would make a mockery of the £80k+ headline.

    Now THAT, THAT does hit the JAMs.
  • david_herdsondavid_herdson Posts: 17,401
    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    Tosh. It exists precisely because the predictive ability of experts is better than the predictive ability of the average amateur (and because the amateurs are willing to engage in markets 'rigged' by overrounds to cover the experts' costs and profits, and because there are lots of amateurs).
  • EssexitEssexit Posts: 1,956

    Student audience like the scrapping of student fees. Not realising it wont apply to them as they have already started their courses.

    Student fees will not apply to the Bradford students because they will not be earning enough to have to repay the loan.
    Brutal but true, and funny.
  • williamglennwilliamglenn Posts: 47,786
    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    Expertise helps you tell the difference between a 50/50 shot and 1 in 10. Uncertainty does not mean that every outcome is equally likely.
  • FrancisUrquhartFrancisUrquhart Posts: 76,274
    edited May 2017
    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    That's a very interesting move...I also wonder how many businesses set up in Bristol rather than Wales because of those tolls? I seemed to remember it is £6.50 for just a car.
  • david_herdsondavid_herdson Posts: 17,401

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    Because we have always had ZHC type employment ....Either casual work with no formal contract (a lot of pub work) or agency work.
    Indeed, which is why I suspect that a ban would have little impact in reality, and why it misses the important point about job security, flexibility and employee rights. If someone is on a ZHC, then they need the right to simultaneously take other employment, for example.
    And that's why the government introduced legislation banning exclusive ZHCs.
    Did it? I missed that. Good.
  • bigjohnowlsbigjohnowls Posts: 21,721
    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
  • NemtynakhtNemtynakht Posts: 2,311

    Pulpstar said:

    Can we exclude all North, East, South and Wests from constituency naming schemes in the next round please.

    I'm trying to check two models against each other and extracting all the England constituencies I run into

    "Basildon South & Thurrock East" vs "South Basildon and East Thurrock"

    Why not just Billericay ?

    Sadly the consultation period for the boundary changes has closed now.
    We have some idiotic names. Wyre Forest's better known as Kidderminster ... absolutely nothing to do with Wyre North and Preston. Does everyone know that, even on PB?

    I think we used to name most rural seats after the largest town in them.
    I'm glad that they don't do that now.
    Hertsmere would be named Borehamwood in that case.

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    None of the staff in my assorted local's are on ZHC's.

    Any reasonably good pub operator will have staff on ZHCs - boozers will need additional staff around Xmas, destination pubs during peak demand like easter or summer holidays. Unless you are running a small pub with a couple running it serving mainly locals then you will need it - and that type of pub is dying out through demographics
  • Scott_PScott_P Posts: 51,453
    @JenWilliamsMEN: When the Mirror is booed at Labour's manifesto launch we're through the looking glass
  • TGOHFTGOHF Posts: 21,633
    Fangsy said:

    Funding document says married persons allowance will be scrapped, but it is not in the main manifesto. This is only received by very low earners and would make a mockery of the £80k+ headline.

    WOW - huge if true - will wipe the rest of it off the headlines for the rest of the campaign.

  • Peter_the_PunterPeter_the_Punter Posts: 13,224

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
    The overall cost is roughly equivalent to about a penny in the £ on the basic rate, but he's skewed it towards higher rate taxpayers. That wouldn't be my preferred option, but it's politics, and understandable.
  • Morris_DancerMorris_Dancer Posts: 60,933
    Mr. Llama, ahem, sorry.

    Mr. Royale, indeed. May's far too statist.
  • CyanCyan Posts: 1,262
    tyson said:

    To be honest, I think he had only the vaguest idea where the bodies were buried...

    Possibly. But it wouldn't surprise me if he did commit the location to memory. He taunted the families for years.
    tyson said:

    That said, criminally insane is arbitrary....anyone who takes pleasure in killing living, breathing sentient life should not judge someone like Brady.....

    In earlier life, Ian Brady tortured animals. That is quite common among serial killers. People who enjoy causing the suffering or death of non-human animals are sick in the head and I agree that they are on the same plane as people who enjoy causing the suffering or death of human beings.

    Politically, serial killers are mostly on the far right too - either pro-Nazi like Brady or libertarian fans of Ayn Rand. I've never heard of one who was into Stalin or Mao even though of course they were both mass murderers and ran regimes which could easily be classified as fascist in practice. Serial killers don't even pretend to be into the idea of equality.

    Then there are mass murderers such as Hitler and Himmler who were vegetarian at least much of the time: it was human beings they focused on killing.

    The most common reason that someone kills someone else is because a third person told them to. I don't know whether you know of the Milgram experiment. You may find his results very interesting.

  • marke09marke09 Posts: 926
    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    The bridge goes into public ownership next year and the Gov hd already announced a cut in the tolls to £3
  • Richard_NabaviRichard_Nabavi Posts: 30,820
    edited May 2017

    Don't forget that National Investment Bank, where a small amount of cash from the taxpayers will be used to leverage £250bn from those private investors who will be facing the nationalisation (i.e. theft) of their previous UK assets.

    John McDonnell was hilarious on that this morning on Today. Having claimed that the water industry was overcharging customers because it paid out dividends, he then countered the point that nationaisation would increase the national debt by saying it could be financed by issuing bonds in the nationalised industries. Presumably these would have to produce a 0% return, given that the idea was not to pay out dividends.

    Free financial advice (not that anyone would need it): Don't invest in a McDonnell bond!
  • Casino_RoyaleCasino_Royale Posts: 55,008

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
    In addition to the $48bn+ of extra commitments, have they proposed how they will eliminate the remaining annual deficit of £50bn? Or do the taxes just cover the extra spending?
  • Philip_ThompsonPhilip_Thompson Posts: 65,826

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    No it won't.
  • Scrapheap_as_wasScrapheap_as_was Posts: 10,059

    Pulpstar said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    That IHT one is absolute electoral poison, and it raises buttons.
    VAT on school fees wont get £1.6b either. Many parents wont be able to carry on I suspect.
    20% tax increase on education, crippling.
    I don't think anyone who can afford to send their children to private school will be 'crippled'. Some may, as has been suggested, back out, and spend the money on a new Range Rover or trip to the Maldives instead.
    I have some clients who mortgage their home to the max so they can to put their kids through private education. Not many trips to the Maldives for them, just their own decision that doing so is the best option for their children and they want to give them the best possible chance. They aren't crippled but they aren't saving for their own future as a result (other than 'investing' in their kids I suppose)
  • PulpstarPulpstar Posts: 75,841
    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    The gambling industry exists because 98% of gamblers think they know better than they actually do.
  • BaskervilleBaskerville Posts: 391

    No zero hour contracts. That's the pub trade gone

    Amazing how it managed before zero-hours contracts.

    I suspect banning ZHCs would have surprisingly little impact though it'd depend on how it was done. The more important question is how to ensure that the right balance exists between employee and employer.
    Because we have always had ZHC type employment ....Either casual work with no formal contract (a lot of pub work) or agency work.
    Indeed, which is why I suspect that a ban would have little impact in reality, and why it misses the important point about job security, flexibility and employee rights. If someone is on a ZHC, then they need the right to simultaneously take other employment, for example.
    And that's why the government introduced legislation banning exclusive ZHCs.
    Did it? I missed that. Good.
    http://www.ier.org.uk/news/ban-exclusivity-clauses-zhcs-comes-force
  • Casino_RoyaleCasino_Royale Posts: 55,008

    Odd priorities for Labour. They're proposing to splash out £48bn a year more on current* spending, and getting on for a quarter of that (£11.2bn) would go to university students in maintenance subsidies and abolition of tuition fees. Contrast that with the £2.1bn on social care, or the £5bn on healthcare.

    * (plus countless further billions on nationalisations, infrastructure etc)

    It's not odd at all.

    Their new core vote is idealistic left-wing youth in their 20s and early 30s, so that's where the money is going, not the oldies or traditional blue-collar workers.

    Money follows votes.
  • SandpitSandpit Posts: 49,614

    Sandpit said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
    You don't even need to be a big business, places like Estonia will be more than happy to have you in a heartbeat.
    Very true. My wife was at a conference in Kiev the other week, the new young middle classes there are people like web designers who can live like kings from earning dollars.

    The IT industry outsourcing which was being done in India a few years ago, is now going to relatively poor but well educated parts of Europe.
  • HurstLlamaHurstLlama Posts: 9,098
    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    I am not sure why, Miss C, do not the tolls apply only for vehicles entering Wales. It is a few years since I was down that way but I am fairly sure driving into England was free.
  • williamglennwilliamglenn Posts: 47,786
    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.
  • Ishmael_ZIshmael_Z Posts: 8,981

    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    Expertise helps you tell the difference between a 50/50 shot and 1 in 10. Uncertainty does not mean that every outcome is equally likely.
    Not really. Consistently accurate assessment of future probabilities would enable the experts to put the bookies out of business.
  • Philip_ThompsonPhilip_Thompson Posts: 65,826

    Is that all? Have they included employers NI there?
    No - we had this last night - that's definitely the case but the voter doesn't worry about their employer's tax rate.... unless they are a company director!

    What news of the IHT changes proposed?
    The voter does care if they ask their small business employer for a pay rise and their employer inevitably takes employers NI into account when negotiating pay rates.
  • Richard_NabaviRichard_Nabavi Posts: 30,820
    edited May 2017

    Jezza giving out so many uncosted sweeties he is like willy wonka...

    Fully costed
    In addition to the $48bn+ of extra commitments, have they proposed how they will eliminate the remaining annual deficit of £50bn? Or do the taxes just cover the extra spending?
    It just covers (if you believe the numbers) the extra spending on so-called 'current' items. There's another humongous lump of non-current extra spending, such as the nationalisations. So eliminating the deficit is, how shall I put this, not entirely within reach on their plans.
  • Philip_ThompsonPhilip_Thompson Posts: 65,826

    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.

    I highly doubt that 30% will but what about the remaining 70% of the nation are you ignoring them?

    Amazing how for the far left of this nation 30% seems to have become a target rather than a floor.
  • PulpstarPulpstar Posts: 75,841
    edited May 2017

    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.

    I can guarantee that the number of people amongst the 22 - 30% that vote for Labour who read the manifesto will be countable on one hand. And Diane Abbott will be doing the counting.
  • eekeek Posts: 24,797

    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    I am not sure why, Miss C, do not the tolls apply only for vehicles entering Wales. It is a few years since I was down that way but I am fairly sure driving into England was free.
    Most people living in Wales do need to return to Wales so pay to get home....
  • marke09marke09 Posts: 926
    FTSE passes 7500
  • williamglennwilliamglenn Posts: 47,786
    Ishmael_Z said:

    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    Expertise helps you tell the difference between a 50/50 shot and 1 in 10. Uncertainty does not mean that every outcome is equally likely.
    Not really. Consistently accurate assessment of future probabilities would enable the experts to put the bookies out of business.
    Bookies can chose whether to take people's bets. They severely limit the activity of people who consistently come out ahead.
  • TheWhiteRabbitTheWhiteRabbit Posts: 12,387
    Sandpit said:

    Sandpit said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
    You don't even need to be a big business, places like Estonia will be more than happy to have you in a heartbeat.
    Very true. My wife was at a conference in Kiev the other week, the new young middle classes there are people like web designers who can live like kings from earning dollars.

    The IT industry outsourcing which was being done in India a few years ago, is now going to relatively poor but well educated parts of Europe.
    I was very impressed by Warsaw, if you're happy to live in Poland.
  • PulpstarPulpstar Posts: 75,841
    edited May 2017
    Ishmael_Z said:

    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    Expertise helps you tell the difference between a 50/50 shot and 1 in 10. Uncertainty does not mean that every outcome is equally likely.
    Not really. Consistently accurate assessment of future probabilities would enable the experts to put the bookies out of business.
    That would be the case if bookmakers took every single bet to the stake desired by those with an edge.

    Trust me, they don't. And that is only 2% of punters.
  • PeterMannionPeterMannion Posts: 712
    Pulpstar said:

    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.

    I can guarantee that the number of people amongst the 22 - 30% that vote for Labour who read the manifesto will be countable on one hand. And Diane Abbott will be doing the counting.
    Andwew!
  • madasafishmadasafish Posts: 659

    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.

    I highly doubt that 30% will but what about the remaining 70% of the nation are you ignoring them?

    Amazing how for the far left of this nation 30% seems to have become a target rather than a floor.
    30% is their score at economics.
  • justin124justin124 Posts: 11,527
    RobD said:

    Scott_P said:

    twitter.com/faisalislam/status/864409168513511424

    From way below target to just above target.
    CPI is now 35% above target. RPI is now 3.5% - back to the levels of the mid 1980s.
  • CyanCyan Posts: 1,262
    edited May 2017

    Don't forget that National Investment Bank, where a small amount of cash from the taxpayers will be used to leverage £250bn from those private investors who will be facing the nationalisation (i.e. theft) of their previous UK assets.

    John McDonnell was hilarious on that this morning on Today. Having claimed that the water industry was overcharging customers because it paid out dividends, he then countered the point that nationaisation would increase the national debt by saying it could be financed by issuing bonds in the nationalised industries. Presumably these would have to produce a 0% return, given that the idea was not to pay out dividends.

    Free financial advice (not that anyone would need it): Don't invest in a McDonnell bond!
    I hope he mentioned the massive tax avoidance by water companies and the deceitful way they get money out of customers several months in advance, acting on the edge of the law and in a similar way to car park scammers. They have also been fined large sums for causing pollution. (Here's one instance among many.) Of course the utilities should be nationalised. Privatisation is robbery, the same as in Russia.
  • glwglw Posts: 9,535
    eek said:

    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    I am not sure why, Miss C, do not the tolls apply only for vehicles entering Wales. It is a few years since I was down that way but I am fairly sure driving into England was free.
    Most people living in Wales do need to return to Wales so pay to get home....
    And because of that it is more efficient to collect the tolls in one direction only, rather than half the money from each direction.
  • Casino_RoyaleCasino_Royale Posts: 55,008

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    That's the scariest thing about this manifesto.

    We should be cutting corporation tax right now, not raising it, because we're at a crucial moment when we need to reassure large multinationals and international firms that post-Brexit Britain is open for business.

    If we do crash out in 22 months, Hammond is going to have to emergency slash to 10% to compensate. And the UK needs the flexibility.

    Corporation tax rises on this level would depress overall economic output, lower the overall tax-take, and balloon the deficit.

    But, perhaps it's easier for us all round if we stop pretending this is really about raising revenue.
  • Peter_the_PunterPeter_the_Punter Posts: 13,224

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    No it won't.
    It's the effective rate rather than the headline rate that matters.

    When I was in the biz, other countries tended to look a bit askance at us for our generous reliefs on interest payments and treatment of losses, and our lax supervision of transfer pricing and thin capitalisation. Those sort of things helped companies to bring down the actual rate paid, very often to zero or close to it.

    I'm not sure much has changed since, in which case the headline rate is largely for show.
  • ParistondaParistonda Posts: 1,819

    If 30% of people vote for this manifesto I hope it will put an end to the argument put forward by many right of centre Leavers that we are congenitally more in favour of free market capitalism than the continentals.

    I highly doubt that 30% will but what about the remaining 70% of the nation are you ignoring them?

    Amazing how for the far left of this nation 30% seems to have become a target rather than a floor.
    Signs so far indicate that May's own plan is far short of embracing free markets as well. There's no party actually offering buccaneering free market Neoliberalism in this election. It's interesting, throughout the Blair years it was said that the right had won the war on the economy, the left had won the culture ones. Today we seem to be heading in the entirely opposite direction
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    Which is longer this manifesto or 83's?
  • PulpstarPulpstar Posts: 75,841
    I wouldn't worry too much about the Labour manifesto. The chance of it being implemented is 0.00% rounded to 2 dp.
  • John_MJohn_M Posts: 7,503
    edited May 2017

    tessyC said:

    Tories must be keen on the Two Newport seats. They have just committed to abolish the tolls on the Severn crossings. That will be enormously popular in south East Wales.

    That's a very interesting move...I also wonder how many businesses set up in Bristol rather than Wales because of those tolls? I seemed to remember it is £6.50 for just a car.
    Good afternoon all.

    It's currently £6.70. It's designed to penalise those foolhardy enough to venture from dear old England into Mordor Wales. Fleeing the country is free.

    Very courageous manifesto from Labour. Let's see if it hits the spot with the electorate.
  • Casino_RoyaleCasino_Royale Posts: 55,008
    Pulpstar said:

    Ishmael_Z said:

    isam said:

    Scott_P said:

    You can't take Davis off the job now. He is the only one who has any idea what is going on with the negotiations.

    Not really. Everybody knows we're screwed...
    https://twitter.com/godfreyelfwick/status/859824042244796417
    But experts can be ignored - a Leaver told me.
    For the millionth time: expertise is not predictive ability, expertise is not even highly correlated with predictive ability. If either of those things were not the case the gambling industry could not exist. It exists, as I would hope not to have to point out on a betting website.
    The gambling industry exists because 98% of gamblers think they know better than they actually do.
    Most gamblers don't think, they feel.

    They punt £10-£40 a month on their favourite football team, or a lottery ticket, or back a horse they like the name of, or play a slot machine in a pub, for fun.

    And to spice it up if they do win, so they can celebrate.

    Basically, to make life a bit more interesting.
  • Scott_PScott_P Posts: 51,453
    Trump is awake.

    And boasting about sharing intel with the Russians
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    justin124 said:

    RobD said:

    Scott_P said:

    twitter.com/faisalislam/status/864409168513511424

    From way below target to just above target.
    CPI is now 35% above target. RPI is now 3.5% - back to the levels of the mid 1980s.
    Target is 2% plus or minus a point on either side. CPI is well within that range (it wasn't within the range this time last year).
  • rural_voterrural_voter Posts: 2,038
    Cyan said:

    Don't forget that National Investment Bank, where a small amount of cash from the taxpayers will be used to leverage £250bn from those private investors who will be facing the nationalisation (i.e. theft) of their previous UK assets.

    John McDonnell was hilarious on that this morning on Today. Having claimed that the water industry was overcharging customers because it paid out dividends, he then countered the point that nationaisation would increase the national debt by saying it could be financed by issuing bonds in the nationalised industries. Presumably these would have to produce a 0% return, given that the idea was not to pay out dividends.

    Free financial advice (not that anyone would need it): Don't invest in a McDonnell bond!
    I hope he mentioned the massive tax avoidance by water companies and the deceitful way they get money out of customers several months in advance, acting on the edge of the law and in a similar way to car park scammers. They have also been fined large sums for causing pollution. Of course the utilities should be nationalised. Privatisation is robbery, the same as in Russia.
    Wales converted Welsh Water into a non-profit company limited by guarantee 16 years ago. Similar to Network Rail. It didn't, ahem, spend a penny to do so.

    However, it appears that Labour in London hasn't a clue what the party of the same name in the principality next door has been doing to improve things for consumers, even without costing money.
  • MarqueeMarkMarqueeMark Posts: 49,957
    McDonnell is said to consult an imaginary Mao Tse Tung sat on his shoulder, whenever contemplating a Great Leap Forward.

    Ed Miliband just had an owl.
  • The bottom bit is hilarious - are his opponents paying him to deliver their message ? Even Farron hasn't delivered leaflets saying if you like Brexit then f**k off and vote for James Airey ... yet
  • NemtynakhtNemtynakht Posts: 2,311
    Andy McDonald struggling on Daily Politics - he does not seem to want to say that it is funded by the magic money tree
  • TheScreamingEaglesTheScreamingEagles Posts: 113,957
    I definitely need to review my Trump, impeachment, conviction, and resignation bets now.
  • SandpitSandpit Posts: 49,614

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    UK has the third highest effective corporate tax rate in the G20, which doesn't include countries like Ireland, Singapore, UAE, Cayman Islands or states like Delaware where much lower rates are to be found.

    Source: https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52419-internationaltaxratecomp.pdf

    Recent experience shows that as corp tax rates have come down, corporate income booked in UK has risen and so tax receipts have gone up. Thanks to Dr Arthur Laffer for explaining why this happens.
  • Scott_PScott_P Posts: 51,453
    @bloggerheads: Trump just convinced or compelled a bunch of 'his' people to sacrifice their credibility for him, then burned them all with a tweet. Again.
  • Jesus - where are they delivering this ? Can I take them around here in Westmorland. Surely they can't hold either seat now !
  • My feeling is that the odds are pretty reasonable on the Lib Dem seats in Scotland. I think Edinburgh West, East Dunbartonshire and North East Fife will all go LD. Caithness & Ross, Skye & Lochaber are more challenging, but could well go liberal if unionists back the LDs while eurosceptic indy supporters abandon the SNP for the Tories. I think Argyll & Bute will be a good result for the Lib Dems, but there's a big majority to overcome.

    My central forecast is 5, providing the Tories don't get in the way too much in the Highlands.

    My gut feel is that the Tories will get to double figures through tactical voting, although 6 is a reasonable prediction if Labour prove more resilient than expected. I think the Tory surge will confuse voters in East Lothian & let the SNP hold on (outside chance that the Tories will snatch it), but I fancy that Labour will hold Edinburgh South.

    SNP somewhere in the low 40s.
  • rkrkrkrkrkrk Posts: 7,881

    I definitely need to review my Trump, impeachment, conviction, and resignation bets now.

    As long as he makes it through 2017 I'm golden.
    I still can't see Republicans impeaching him.

    But I do worry that he might decide to step down...
  • SandyRentoolSandyRentool Posts: 20,392

    Andy McDonald struggling on Daily Politics - he does not seem to want to say that it is funded by the magic money tree

    What is funded by the magic money tree? The abolition of Severn Bridge toll fees?
  • TheScreamingEaglesTheScreamingEagles Posts: 113,957

    Jesus - where are they delivering this ? Can I take them around here in Westmorland. Surely they can't hold either seat now !
    Leeds North East
  • PatrickPatrick Posts: 225
    Labour are treating the electorate with contempt. That sentiment is likely to be returned in spades. The Tories won't need to bother campaigning today. They'll be laughing too hard. I'm sure deep down we all knew something like this was going to be coming - but , sheesh! When it arrives you still sit back and wonder WTF happened to Labour. A vote for Labour this time around is clearly not just a mark of stupidity but of shame. Let's hope that the far left is dealt a death blow and that a sensible version of Labour emerges quickly from the ashes.
    I feel kind of sorry for the more sensible moderate Labour posters on PB. How can they put hand on heart an defend this?
  • ChelyabinskChelyabinsk Posts: 488
    The 1983 manifesto was 22,852 words; this one is 23,564.
  • surbitonsurbiton Posts: 13,549

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    That's the scariest thing about this manifesto.

    We should be cutting corporation tax right now, not raising it, because we're at a crucial moment when we need to reassure large multinationals and international firms that post-Brexit Britain is open for business.

    If we do crash out in 22 months, Hammond is going to have to emergency slash to 10% to compensate. And the UK needs the flexibility.

    Corporation tax rises on this level would depress overall economic output, lower the overall tax-take, and balloon the deficit.

    But, perhaps it's easier for us all round if we stop pretending this is really about raising revenue.
    First Labour is criticised about where they will get the money from for their spends.

    Then, when that is explained, they get criticised about where they will get the money from.

    Labour cannot win the argument.

    As BJO points out, it will still be lower than G7 levels.

    In 2011, under a Tory Chancellor it was 26%.

    Anyway, the Tories promised to eliminate the deficit by 2015. What happened to this promise ? No one asks how Tories managed to pay their spends compared to their promises.
  • EssexitEssexit Posts: 1,956
    Sandpit said:

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    UK has the third highest effective corporate tax rate in the G20, which doesn't include countries like Ireland, Singapore, UAE, Cayman Islands or states like Delaware where much lower rates are to be found.

    Source: https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52419-internationaltaxratecomp.pdf

    Recent experience shows that as corp tax rates have come down, corporate income booked in UK has risen and so tax receipts have gone up. Thanks to Dr Arthur Laffer for explaining why this happens.
    Plus positive knock-on effects to income tax receipts, benefits spending, etc. Either Corbyn & Co. really don't understand this, or they do and they don't care.
  • CyanCyan Posts: 1,262
    edited May 2017

    What news of the IHT changes proposed?

    There's nothing about IHT in the manifesto, unfortunately. Although they say they will increase tax for the top 5%, no specific top rate of income tax is mentioned either. Don't believe everything you read in the Tory press.

    What's wrong with Labour? They should have clear policies to whack up both IHT and the top rate of income tax.

    Of course, since they don't propose exact figures in this department, the IFS declaration that the policies are hole-filled or unworkable won't be worth its weight in toilet paper. But I'm sure it will be trumpeted all over the front pages, with headlines saying that experts, having had a good lunch at the Carlton considered the manifesto in a most professional way, have reached the conclusion (in nowt but the public interest) that Labour is bad, and that if Labour get elected then no-one will ever have seen such a collection of bad hats the country will fall apart.

  • PulpstarPulpstar Posts: 75,841

    I definitely need to review my Trump, impeachment, conviction, and resignation bets now.

    I'm temporarily trading out of my 2017 Trump exit bet lays.
  • SandpitSandpit Posts: 49,614

    Sandpit said:

    Sandpit said:

    How Labour would raise £48.6bn a year extra in tax

    Corporation Tax - £19.4bn

    Income tax increases for top 5 per cent - £6.4bn

    Excessive Pay Levy - £1.3bn

    Offshore Company Property Levy - £1.6bn

    Labour’s tax avoidance programme - £6.5bn

    Extension of Stamp Duty Reserve Tax to derivatives and removal of exemption - £5.6bn

    Efficiency review of corporate tax reliefs - £3.8bn

    Revising tax giveaways of Capital Gains Tax, Inheritance Tax, bank levy and scrapping the married persons’ tax allowance - £3.7bn

    VAT on private school fees - £1.6bn

    How many jobs are lost by increasing Corporation Tax? And how much does that reduce the tax take for IncomeTax?

    How many of the top 5% will a) retire b) fuck off elsewhere? And how much does that reduce the tax take for IncomeTax?

    What tax avoidance measures is the current Govt. letting slip to the tune of £6.5bn? Give us some solid examples. Or else we'll just assume it is complete bollocks.

    Labour's economic policy. Written on a Rizzla.

    I'm sure the governments of everywhere from New York, Dublin, Zurich, Dubai, Singapore, Hong Kong and many others are hoping Labour get elected. It's so much easier than it's ever been for HNWs and their businesses to relocate anywhere they like.
    You don't even need to be a big business, places like Estonia will be more than happy to have you in a heartbeat.
    Very true. My wife was at a conference in Kiev the other week, the new young middle classes there are people like web designers who can live like kings from earning dollars.

    The IT industry outsourcing which was being done in India a few years ago, is now going to relatively poor but well educated parts of Europe.
    I was very impressed by Warsaw, if you're happy to live in Poland.
    Yes, have heard lots about Warsaw, also Bucharest. Mrs Sandpit is Ukrainian, she reckons you could live very well indeed in Kiev for $1000 a month. That's half my rent on an out-of-town 1 bed in Dubai.
  • BaskervilleBaskerville Posts: 391
    Sandpit said:

    Sandpit said:

    Someone explain to these idiots that doubling the corporation tax rate isn't just going to double corporation tax receipts with no adverse effects. Actual company managers in the real world just don't think like that.

    Idiot relics from the 1970s, at least Michael Foot isn't responsible for the longest suicide note any more.

    Corporation tax levels will still be low in G7 terms.
    UK has the third highest effective corporate tax rate in the G20, which doesn't include countries like Ireland, Singapore, UAE, Cayman Islands or states like Delaware where much lower rates are to be found.

    Source: https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52419-internationaltaxratecomp.pdf

    Recent experience shows that as corp tax rates have come down, corporate income booked in UK has risen and so tax receipts have gone up. Thanks to Dr Arthur Laffer for explaining why this happens.
    Those data are from 2012... GO cut rates significantly since then.
This discussion has been closed.