Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
Con HQ no doubt. By 2020 they will have a dossier as big as a house. As I said yesterday the five week GE campaign will be a sight to behold as Tories and media destroy Labour. Shock and Awe.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
er, they are not in power and wont be until at least may 2020 (and not then either)
Isn't it going up to £9.62 anyway ?
I thought it was going to £9? When was the .62 announced, that's an odd amount.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Have you ever seen the film Avatar? There's a tree in it which is about 10 times the size of the Empire State. But which is a mere bonsai in comparison to Labour's magic money tree.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
Con HQ no doubt. By 2020 they will have a dossier as big as a house. As I said yesterday the five week GE campaign will be a sight to behold as Tories and media destroy Labour. Shock and Awe.
By 2020....they are already having to rent extra warehouse space for the filing cabinets of stuff.
The only problems the Tories might have is having too much to attack and ending up scatter gunning. They need to consider what is the stuff that will scare the British public the most and ram that home from now on e.g. I don't think the IRA supporting stuff is best line of attack, despite being valid.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
er, they are not in power and wont be until at least may 2020 (and not then either)
Isn't it going up to £9.62 anyway ?
I thought it was going to £9? When was the .62 announced, that's an odd amount.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
That section is being converted to a "Smart Motorway". Someone will know exactly what that means, but as far as I can gather from sections that have already been converted there will be variable speed limits and the hard shoulder can be switched to an additional lane when the level of traffic builds up.
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Depends how many more you have on the rock n roll....
If Labour is truly in the meltdown phase that is being suggested on here, then the tactic of giving such a party a free hand in Batley and Spen is surely open to very serious question.
Yes, but it's politically bloody difficult for the Cons or LDs to change their mind about not standing now, given the circumstances.
Must be a good opportunity for UKIP to pick up a seat, if supporters of the blues make an effort to get behind them.
I understand why the other parties said what they did in the heat of the battle in June, but it's looking a little silly now to give Corbyn a free pass.
Had it not been for a murder it would have been in the red column until 2020 anyway. While MPs are individuals the idea we can change Parliamentary arithmetic by bombs and bullets always seems wrong to me.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
So the big announcement is basically they are going to match the Tories plus a little bit? Or is this £10 for even 16 year olds (which is a brilliant way to make sure 16-24 year olds are extremely unattractive to employ).
Tories backtracking £9 is now £8.70 isn't it.
plus a little bit?£10 is an extra £1.30 an hour = £2704 a year extra for poor workers.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
CCHQ will be keeping a large dossier of everything anyone in Labour is saying or promising right now. Will all be brought back out again when the GE is called.
I'd love to see the Tory strategy, they must be looking past 50 seats into Labour territory now, with maybe only a dozen new seats requiring a decent defence.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
er, they are not in power and wont be until at least may 2020 (and not then either)
Isn't it going up to £9.62 anyway ?
I thought it was going to £9? When was the .62 announced, that's an odd amount.
It's a figure I had in my head for some reason !
Probably right with £9 tbh
BBC says it was planned to be just above £9 by 2020. But that was an Osborne promise, so may all change.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
So the big announcement is basically they are going to match the Tories plus a little bit? Or is this £10 for even 16 year olds (which is a brilliant way to make sure 16-24 year olds are extremely unattractive to employ).
Tories backtracking £9 is now £8.70 isn't it.
plus a little bit?£10 is an extra £1.30 an hour = £2704 a year extra for poor workers.
No it isn't, because you would be paying more tax and start to affect various benefits.
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Or as McDonnell put it this morning "it pays for itself", and if you believe that it is that simple then you will believe anything.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
Miss Plato, point of order: science is great. Scientists, however, are only human. Some make mistakes, and some are rapscallions.
As ever, go with the evidence not the people.
Who decides what research gets done and what spin is put on it, with a view to doing what research in future? "Evidence" or people who give out or get big-money grants?
There used to be ice fairs on the Thames, until the climate warmed up so much that they couldn't be held any more. That was before industry. The climate has always changed and it always will. It's natural for it to change. The bought-and-paid-for "knowledgists", or "scientists" to use the Latinate term, haven't got much of a clue why. As for stopping the climate changing, if that isn't an insane anti-nature aim (for some clothed apes with their necks wound right out) then I don't know what is.
Indeed. You might just as well dismiss a housefire with the assertion, "Yes, the temperature in the lounge always changes. It was much warmer last summer than it is now."
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
Purple twin wall duct is used for traffic signal or street lighting cables. A 50m roll is about £90.
@MrHarryCole: Real line from McDonnell speech: "In the birthplace of John Lennon, it falls to us to inspire people to imagine." Has he hired David Brent?
If Labour is truly in the meltdown phase that is being suggested on here, then the tactic of giving such a party a free hand in Batley and Spen is surely open to very serious question.
Yes, but it's politically bloody difficult for the Cons or LDs to change their mind about not standing now, given the circumstances.
Must be a good opportunity for UKIP to pick up a seat, if supporters of the blues make an effort to get behind them.
I understand why the other parties said what they did in the heat of the battle in June, but it's looking a little silly now to give Corbyn a free pass.
Had it not been for a murder it would have been in the red column until 2020 anyway. While MPs are individuals the idea we can change Parliamentary arithmetic by bombs and bullets always seems wrong to me.
Yes, it's a terribly difficult call to make, and I think it was the PM that led the decisions. On balance, probably the right call, given everything that was happening at the time.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
I'm not against raising the minimum wage, I don't think that governments should in effect subsidise labour. It's the £350 billion "investment" that concerns me. If it was half as easy as McDonnell seems to think we would have done it years ago.
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Or as McDonnell put it this morning "it pays for itself", and if you believe that it is that simple then you will believe anything.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
Unfortunately, there is a threshold over which labour becomes unproductive compared to either machinery or export of the work itself to a lower wage economy.
Unless we are going to raise large tariff barriers in the post brexit world, raising incomes via the use of minimum wage increases will get to a point where it becomes more expensive because low paid, low skilled jobs will actually disappear.
While that argument didn't gain traction over the original introduction of Min Wage in the 90's, that was before mass immigration and the main impact of 'China Pricing' which is now India Pricing and spreading.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
Purple twin wall duct is used for traffic signal or street lighting cables. A 50m roll is about £90.
£90 per 50 metres? Crikey the company that makes it must be coining it in. There are miles and miles of it being laid up the M1as well as other motorways (e.g. M3).
I wonder if anyone thought to chuck some fibre optic down the same conduits whilst they were laying the signalling cables.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Depends how many more you have on the rock n roll....
Yes, but these things can be modelled. It was said the original mini wage would be a disaster for employment, but it wasn't.
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Or as McDonnell put it this morning "it pays for itself", and if you believe that it is that simple then you will believe anything.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Or as McDonnell put it this morning "it pays for itself", and if you believe that it is that simple then you will believe anything.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
How could he be on the right track ?
Osborne supported unrestricted immigration which is one of the prime causes of lower wages. Basic supply and demand.
To subsequently then issue a decree that wages should rise - because voters need bribing - is as soviet in spirit as McDonnell.
''Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.''
I think what McDonnell means is anyone who has the temerity to own a house.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
But it's never the "super rich" that are targeted, is it. Too small and mobile a pool to fish in. It's the broader middle class, the small business owners, the home owners, and the savers.
But is this on top of Corbyns nice round 500 billion borrowing figure? How about all this nationlisation - who pays for that? More borrowing?
Or as McDonnell put it this morning "it pays for itself", and if you believe that it is that simple then you will believe anything.
Clever though. McD is not stupid. Low wage voters will be tempted. And anyway, why should tax payer subside low wage employers via tax credits/UC. Osborne was on the right track.
You can turn the question around. Why should the government dump its welfare responsibility onto employers, who are doing a public good, even if it's a self-interested one?
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
No doubt the super rich could be taken for more. Land Tax would be interesting.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
But it's never the "super rich" that are targeted, is it. Too small and mobile a pool to fish in. It's the broader middle class, the small business owners, the home owners, and the savers.
Besides he doesn't want to target his support base...all those multi-millionaire property owning Maomentumers...
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
But it's never the "super rich" that are targeted, is it. Too small and mobile a pool to fish in. It's the broader middle class, the small business owners, the home owners, and the savers.
It is sometimes. Scott Adams is moaning about a proposed (by Hillary) supertax on those north of $500 m. World's smallest violin.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
No doubt the super rich could be taken for more. Land Tax would be interesting.
''Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.''
I think what McDonnell means is anyone who has the temerity to own a house.
Does he plan to make Islington except from these taxes, or does he assume that the turkeys there will vote for Christmas anyway?
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
Purple twin wall duct is used for traffic signal or street lighting cables. A 50m roll is about £90.
£90 per 50 metres? Crikey the company that makes it must be coining it in. There are miles and miles of it being laid up the M1as well as other motorways (e.g. M3).
I wonder if anyone thought to chuck some fibre optic down the same conduits whilst they were laying the signalling cables.
You don't want to look at the cost of the larger diameter twin wall ducts or the angled bends for it.
Miss Plato, point of order: science is great. Scientists, however, are only human. Some make mistakes, and some are rapscallions.
As ever, go with the evidence not the people.
Who decides what research gets done and what spin is put on it, with a view to doing what research in future? "Evidence" or people who give out or get big-money grants?
There used to be ice fairs on the Thames, until the climate warmed up so much that they couldn't be held any more. That was before industry. The climate has always changed and it always will. It's natural for it to change. The bought-and-paid-for "knowledgists", or "scientists" to use the Latinate term, haven't got much of a clue why. As for stopping the climate changing, if that isn't an insane anti-nature aim (for some clothed apes with their necks wound right out) then I don't know what is.
Indeed. You might just as well dismiss a housefire with the assertion, "Yes, the temperature in the lounge always changes. It was much warmer last summer than it is now."
If that is true, then that does not mean that any human action hasnecessarily caused it. Also we cannot practically do anything about it as evidenced by Germany, China and Japan building coal power stations as fast as they can.
So instead of the UK adopting hairshirt measures that just make our industry more uncompetitive to make lefties and greenies feel smug we should accept that it is happening for whatever reason and plan mitigating things like flood defences, storm drains etc. Being a bunch of silly cnuts wont help anyone.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
No doubt the super rich could be taken for more. Land Tax would be interesting.
Hmmm. On what basis would it be levelled?
I don't know any details. I know Liberals used to talk about it.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
No doubt the super rich could be taken for more. Land Tax would be interesting.
And very popular - especially among the young. I remember how popular Leninspart and co were at the GLC - anyone thinking this lot cannot win an election in the next 15 years is deluded.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
I think you would probably also have to have a massive rejig of the tax system as well. Combine IC / NI and then no tax below a higher threshold.
"One poem, by a contributor named Helen Kidd, was entitled TELL ME LIES ABOUT THE AUSTERITY PLAN, and appeared to be inspired partly by the Hokey Cokey.
“You put your ballot paper in,” concluded the final stanza grimly. “You take your new membership right out/ You take an honest leader, and try to shake him all about.”"
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
Then let the market decide in London, if £12/h isn't enough then either people will leave or pay will go up.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
The massive state subsidies that go towards housing in London just exacerbate the problem. Rents and house prices will fall if they were to be removed, as market forces take over.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
No, fairness means things like being able to tax wealth accumulated through crime or the black economy, as well as through legitimate means.
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
Deutsche Bank looks to me to be in the shit. This has been simmering for a long time but is, perhaps, coming to the boil. I don't think there is any question of it being allowed to fail but the political ramifications of the German government bailing it out might be interesting.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
The massive state subsidies that go towards housing in London just exacerbate the problem. Rents and house prices will fall if they were to be removed, as market forces take over.
Yes, forgot to add, rents and house prices will also fall.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
That section is being converted to a "Smart Motorway". Someone will know exactly what that means, but as far as I can gather from sections that have already been converted there will be variable speed limits and the hard shoulder can be switched to an additional lane when the level of traffic builds up.
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
Whoever is making and selling the purple pipe must be making a fortune.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
Then let the market decide in London, if £12/h isn't enough then either people will leave or pay will go up.
One of the reforms that would really help low waged people that Osborne bottled, rejig NI/IC. It is stupid that somebody on £9k a year doesn't pay IC, but pays NI. Then we give some of them "tax credits" on no tax paid...and also people on say £12k, we take tax and then give it back as "tax credits".
The whole system (in particular Brown's tax credits) is just bonkers.
Laura Kuenssberg @bbclaurak 44s44 seconds ago McDonnell expected to make big announcement, labour would raise minimum wage to £10 an hour by 2020 - details in his speech soon
Magic money sequoia.
Is anyone keeping track of labours borrowing/ spending pledges? Seems like they're just chucking money around everywhere
£100bn extra is what they are going to borrow invest..
£10 a hour saves money surely? They can cut down on universal credit payments.
Make it £12/hr and just cut all housing benefit, from everyone.
I would. £12/h, universal childcare. No in working benefits of any kind. Transferrable tax allowances for one working parent families (in lieu of childcare). Completely eliminate housing benefits and all tax credits over a set period of time. Shift the burden of living costs from the tax payer to companies. The loss of corporation tax income and some income tax from lower jobs growth would be more than made up for with savings from our bloated welfare system.
One problem is £12/hr (no in works benefits of any sort) in some parts of the country is fine, in London is that enough? But then if you made it say £15/hr in London, could many shops afford to pay that on top of massive rents?
I think you would probably also have to have a massive rejig of the tax system as well. Combine IC / NI and then no tax below a higher threshold.
The core problem is the massive rents. Ie those syphoning off huge sums without working for the money just because they own overpriced property or land.
Unfortunately, there is a threshold over which labour becomes unproductive compared to either machinery or export of the work itself to a lower wage economy.
Unfortunately, there is a threshold over which voting Labour becomes unproductive compared to voting for almost any other party. That threshold is owning a property. Aspiring to own a property. Owning a business. Aspiring to own a business. Earning more than the minimum wage. Aspiring to earn more than the minimum wage....
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
No, fairness means things like being able to tax wealth accumulated through crime or the black economy, as well as through legitimate means.
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
Not clear how this is fair or less administration - will there be a legion of mattress snoopers who will go in an look for hidden stores of wealth like gold/jewellery ?
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
That section is being converted to a "Smart Motorway". Someone will know exactly what that means, but as far as I can gather from sections that have already been converted there will be variable speed limits and the hard shoulder can be switched to an additional lane when the level of traffic builds up.
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
Whoever is making and selling the purple pipe must be making a fortune.
Deutsche Bank looks to me to be in the shit. This has been simmering for a long time but is, perhaps, coming to the boil. I don't think there is any question of it being allowed to fail but the political ramifications of the German government bailing it out might be interesting.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Some of those owning large houses may be pensioners and widows who do not have a vast annual income, their needs to be a better balance between the two not a complete shift from one to the other
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Given that most of the super-rich have made much more from asset price appreciation than from taxable income these last ten years, he may well have a point.
No doubt the super rich could be taken for more. Land Tax would be interesting.
Hmmm. On what basis would it be levelled?
It's supposed to be levelled on the potential value of the land. If you have an acre of land near a city with planning permission next to another acre which has already been built on, each of those acres would attract the same level of tax. An acre of high moorland would obviously be taxed at a lower rate.
The argument for LVT is that it avoids the perverse incentives of other taxes: income tax discourages work; VAT discourages trade; rates discourage land development. It's seems like a very good idea, which raises the question why practically no-one in the world has implemented the scheme. The problem is that it goes against powerful interests that are very vested in land.
In my view it's a substitute for the full nationalisation of land, which philosophically has a lot going for it.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
No, fairness means things like being able to tax wealth accumulated through crime or the black economy, as well as through legitimate means.
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
Not clear how this is fair or less administration - will there be a legion of mattress snoopers who will go in an look for hidden stores of wealth like gold/jewellery ?
It's just a straw person - I'm not a tax expert but it does seem to me that the current arrangements have a lot of flaws and weaknesses, and the amount of both public and private money (accountants etc) spent trying to tax income - which is both something we want to encourage and which is exceptionally hard to pin down - is massive.
To keep things easy such a new system would have to focus on the principal reserves of wealth - land, property, investments and savings. Whether the gold issue could be dealt with by some sort of one-off tax when it is purchased, like VAT, I don't know. We only capture a proportion (estimated at below 80% in most countries) of income now, so any proposed alternative doesn't have to achieve perfection to be better.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
That section is being converted to a "Smart Motorway". Someone will know exactly what that means, but as far as I can gather from sections that have already been converted there will be variable speed limits and the hard shoulder can be switched to an additional lane when the level of traffic builds up.
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
Whoever is making and selling the purple pipe must be making a fortune.
Whoever chose the colour must be a UKIP mole.
You can get it in black, blue, yellow and orange. It's used to mark different services.
Miss Plato, point of order: science is great. Scientists, however, are only human. Some make mistakes, and some are rapscallions.
As ever, go with the evidence not the people.
Who decides what research gets done and what spin is put on it, with a view to doing what research in future? "Evidence" or people who give out or get big-money grants?
There used to be ice fairs on the Thames, until the climate warmed up so much that they couldn't be held any more. That was before industry. The climate has always changed and it always will. It's natural for it to change. The bought-and-paid-for "knowledgists", or "scientists" to use the Latinate term, haven't got much of a clue why. As for stopping the climate changing, if that isn't an insane anti-nature aim (for some clothed apes with their necks wound right out) then I don't know what is.
Indeed. You might just as well dismiss a housefire with the assertion, "Yes, the temperature in the lounge always changes. It was much warmer last summer than it is now."
If that is true, then that does not mean that any human action hasnecessarily caused it. Also we cannot practically do anything about it as evidenced by Germany, China and Japan building coal power stations as fast as they can.
So instead of the UK adopting hairshirt measures that just make our industry more uncompetitive to make lefties and greenies feel smug we should accept that it is happening for whatever reason and plan mitigating things like flood defences, storm drains etc. Being a bunch of silly cnuts wont help anyone.
"that does not mean that any human action has necessarily caused it" Maybe, but human action certainly caused the increase in atmospheric CO2. Even were the likelihood of global warming 'alarmists' being correct as low as 10%, a expensive precautions would be sensible. As it is, developing alternatives to fossil fuels is entirely sensible whatever the climate.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
No, fairness means things like being able to tax wealth accumulated through crime or the black economy, as well as through legitimate means.
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
Not clear how this is fair or less administration - will there be a legion of mattress snoopers who will go in an look for hidden stores of wealth like gold/jewellery ?
It's just a straw person - I'm not a tax expert but it does seem to me that the current arrangements have a lot of flaws and weaknesses, and the amount of both public and private money (accountants etc) spent trying to tax income - which is both something we want to encourage and which is exceptionally hard to pin down - is massive.
To keep things easy such a new system would have to focus on the principal reserves of wealth - land, property, investments and savings. Whether the gold issue could be dealt with by some sort of one-off tax when it is purchased, like VAT, I don't know. We only capture a proportion (estimated at below 80% in most countries) of income now, so any proposed alternative doesn't have to achieve perfection to be better.
I'm British. I own gold in Zurich. Would Labour tax me on that? If so then I would be taxed for being British - and that means extra-territoriality. What about Brits overseas who have assets overseas?
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Had income tax not been invented, you would say the same about taking a slice of the money people have just earned, before they get it. Or adding a premium to almost everything you have to buy.
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
"fairness" - means taxing earned income when you earn it , then annually forever if you have the temerity not to spend it ?
No, fairness means things like being able to tax wealth accumulated through crime or the black economy, as well as through legitimate means.
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
Not clear how this is fair or less administration - will there be a legion of mattress snoopers who will go in an look for hidden stores of wealth like gold/jewellery ?
It's just a straw person - I'm not a tax expert but it does seem to me that the current arrangements have a lot of flaws and weaknesses, and the amount of both public and private money (accountants etc) spent trying to tax income - which is both something we want to encourage and which is exceptionally hard to pin down - is massive.
To keep things easy such a new system would have to focus on the principal reserves of wealth - land, property, investments and savings. Whether the gold issue could be dealt with by some sort of one-off tax when it is purchased, like VAT, I don't know. We only capture a proportion (estimated at below 80% in most countries) of income now, so any proposed alternative doesn't have to achieve perfection to be better.
I would hone your policy around land as it's the only thing that can't be moved easily. Cars possibly but expensive ones aren't always driven on the road.
Unfortunately, there is a threshold over which labour becomes unproductive compared to either machinery or export of the work itself to a lower wage economy.
Unfortunately, there is a threshold over which voting Labour becomes unproductive compared to voting for almost any other party. That threshold is owning a property. Aspiring to own a property. Owning a business. Aspiring to own a business. Earning more than the minimum wage. Aspiring to earn more than the minimum wage....
Indeed and increasingly virtually anyone under 40 is locked out of all these aspirations by the ratio of asset prices to wages being totally disproportionate.
Hence the rise of the Corbynistas.
By stating that wealth (ie asset ownership) should be more heavily taxed and wages less taxed McDonnell is hitting the nail on the head.
If I work I pay 32% income tax on my earnings (20% + 12% NI)
If I am rolling in it and own vast quantities of shares, living of the dividends, I pay 10% income tax and no NI - 70% less tax.
In Labour Leader news, today I have been backing Cat Smith at 400/1+. It's staggering how many of the Shadow Cabinet aren't even quoted on Betfair yet!
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Some of those owning large houses may be pensioners and widows who do not have a vast annual income, their needs to be a better balance between the two not a complete shift from one to the other
Then sell up buy somewhere smaller and make room for a family. If you dont want to then pay the tax and stop moaning.
On the other hand basic infrastructure is a no brainer.
Our infrastructure is second rate. Housing, broad band, roads, power, airports, the things that make life easier and more efficient.
This country has been skimping for the last 50 years and it shows.
I think I would agree with that Mr. Brooke, and having driven up to Leeds and back this last weekend it would seem that at least on the motorway network serious money is now being invested.
I live between J30 and 31, and can';t work out quite what has been done on the motorway. There seem to have been speed restrictions for ages and a large purple pipe has been put down the middle of the carriageways...
That section is being converted to a "Smart Motorway". Someone will know exactly what that means, but as far as I can gather from sections that have already been converted there will be variable speed limits and the hard shoulder can be switched to an additional lane when the level of traffic builds up.
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
"Smart Motorways" mean that it will be an average speed check for the entire length of that part!
Miss Plato, point of order: science is great. Scientists, however, are only human. Some make mistakes, and some are rapscallions.
As ever, go with the evidence not the people.
Who decides what research gets done and what spin is put on it, with a view to doing what research in future? "Evidence" or people who give out or get big-money grants?
There used to be ice fairs on the Thames, until the climate warmed up so much that they couldn't be held any more. That was before industry. The climate has always changed and it always will. It's natural for it to change. The bought-and-paid-for "knowledgists", or "scientists" to use the Latinate term, haven't got much of a clue why. As for stopping the climate changing, if that isn't an insane anti-nature aim (for some clothed apes with their necks wound right out) then I don't know what is.
Indeed. You might just as well dismiss a housefire with the assertion, "Yes, the temperature in the lounge always changes. It was much warmer last summer than it is now."
If that is true, then that does not mean that any human action hasnecessarily caused it. Also we cannot practically do anything about it as evidenced by Germany, China and Japan building coal power stations as fast as they can.
So instead of the UK adopting hairshirt measures that just make our industry more uncompetitive to make lefties and greenies feel smug we should accept that it is happening for whatever reason and plan mitigating things like flood defences, storm drains etc. Being a bunch of silly cnuts wont help anyone.
If the Earth's temperature is rising, then the Earth must be receiving more energy from the sun than it is emitting. Given that the variations in the sun's output are tiny and the Earth's orbit hasn't changed, the only possible explanation for the Earth's rising temperature is a reduction in the radiation emitted from the Earth. And the only plausible reason for this is the insulating effect of the large amounts of greenhouse gases that humans have added to the atmosphere over the past couple of centuries
There is virtually no doubt that human greenhouse gas emissions are responsible for the currently measured warming. You'd have to be a really silly cnut to deny this.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Some of those owning large houses may be pensioners and widows who do not have a vast annual income, their needs to be a better balance between the two not a complete shift from one to the other
Then sell up buy somewhere smaller and make room for a family. If you dont want to then pay the tax and stop moaning.
Loads of oldies with big houses would love to sell and downscale but the tax can be penal. Abolish stamp duty and what you say makes some sense.
@BethRigby: Tax; McDonnell says he'll shift tax burden from those who earn salaries "to those who hold wealth" > you listening middle England? #lab16
Wealth like houses, savings , cars and pension funds ?
Right oh.
Some of those owning large houses may be pensioners and widows who do not have a vast annual income, their needs to be a better balance between the two not a complete shift from one to the other
Then sell up buy somewhere smaller and make room for a family. If you dont want to then pay the tax and stop moaning.
Loads of oldies with big houses would love to sell and downscale but the tax can be penal. Abolish stamp duty and what you say makes some sense.
A return to positive real interest rates would help everyone too.
*Yes I include borrowers, as asset prices could drop.
Unfortunately, there is a threshold over which labour becomes unproductive compared to either machinery or export of the work itself to a lower wage economy.
Unfortunately, there is a threshold over which voting Labour becomes unproductive compared to voting for almost any other party. That threshold is owning a property. Aspiring to own a property. Owning a business. Aspiring to own a business. Earning more than the minimum wage. Aspiring to earn more than the minimum wage....
Indeed and increasingly virtually anyone under 40 is locked out of all these aspirations by the ratio of asset prices to wages being totally disproportionate.
Hence the rise of the Corbynistas.
By stating that wealth (ie asset ownership) should be more heavily taxed and wages less taxed McDonnell is hitting the nail on the head.
If I work I pay 32% income tax on my earnings (20% + 12% NI)
If I am rolling in it and own vast quantities of shares, living of the dividends, I pay 10% income tax and no NI - 70% less tax.
That is an injustice.
You're wrong on dividends. GO changed the way it is taxed entirely and abolished the tax credit too.
And the whole point of dividends is to encourage the investment of capital in worthwhile enterprise.
Indeed. You might just as well dismiss a housefire with the assertion, "Yes, the temperature in the lounge always changes. It was much warmer last summer than it is now."
If that is true, then that does not mean that any human action hasnecessarily caused it. Also we cannot practically do anything about it as evidenced by Germany, China and Japan building coal power stations as fast as they can.
So instead of the UK adopting hairshirt measures that just make our industry more uncompetitive to make lefties and greenies feel smug we should accept that it is happening for whatever reason and plan mitigating things like flood defences, storm drains etc. Being a bunch of silly cnuts wont help anyone.
If the Earth's temperature is rising, then the Earth must be receiving more energy from the sun than it is emitting. Given that the variations in the sun's output are tiny and the Earth's orbit hasn't changed, the only possible explanation for the Earth's rising temperature is a reduction in the radiation emitted from the Earth. And the only plausible reason for this is the insulating effect of the large amounts of greenhouse gases that humans have added to the atmosphere over the past couple of centuries
There is virtually no doubt that human greenhouse gas emissions are responsible for the currently measured warming. You'd have to be a really silly cnut to deny this.
Carbon dioxide is a trace element that comprises a tiny fraction of 1% of the composition of the atmosphere.
Anything going on on the sun electromagnetically that influences cosmic rays and/or cloud formation would have much more effect but as yet little is known and even less fully understood about this.
Comments
The only problems the Tories might have is having too much to attack and ending up scatter gunning. They need to consider what is the stuff that will scare the British public the most and ram that home from now on e.g. I don't think the IRA supporting stuff is best line of attack, despite being valid.
Probably right with £9 tbh
The big purple pipe running along the top of the central reservation I can't help you with. I think it might be just a conduit for the wires needed to carry the signals to the giant signs telling drivers to use/not use the hard shoulder.
http://www.bbc.co.uk/news/world-australia-37426651
plus a little bit?£10 is an extra £1.30 an hour = £2704 a year extra for poor workers.
I'd love to see the Tory strategy, they must be looking past 50 seats into Labour territory now, with maybe only a dozen new seats requiring a decent defence.
http://www.ncdc.noaa.gov/sotc/summary-info/global/201608
https://www.youtube.com/watch?v=MMKFIHRpe7I
Unless we are going to raise large tariff barriers in the post brexit world, raising incomes via the use of minimum wage increases will get to a point where it becomes more expensive because low paid, low skilled jobs will actually disappear.
While that argument didn't gain traction over the original introduction of Min Wage in the 90's, that was before mass immigration and the main impact of 'China Pricing' which is now India Pricing and spreading.
Clinton 272 EVs
Trump 266 EVs
http://www.realclearpolitics.com/epolls/2016/president/2016_elections_electoral_college_map_no_toss_ups.html
I wonder if anyone thought to chuck some fibre optic down the same conduits whilst they were laying the signalling cables.
Osborne supported unrestricted immigration which is one of the prime causes of lower wages. Basic supply and demand.
To subsequently then issue a decree that wages should rise - because voters need bribing - is as soviet in spirit as McDonnell.
I think what McDonnell means is anyone who has the temerity to own a house.
Right oh.
The principle is that it encourages you to have your equity into productive assets...
If we were starting from scratch and needing to raise the money to pay for public services, taxing wealth rather than income has a lot of potential advantages, particularly the greater difficulty of evasion and greater scope for fairness. The problem you have to overcome is people with non-disposable wealth but little income.
So instead of the UK adopting hairshirt measures that just make our industry more uncompetitive to make lefties and greenies feel smug we should accept that it is happening for whatever reason and plan mitigating things like flood defences, storm drains etc. Being a bunch of silly cnuts wont help anyone.
There is a campaign: http://www.landvaluetax.org/what-is-lvt/
Copies of McDonnell's speech being sold for £2 outside the hall.
I think you would probably also have to have a massive rejig of the tax system as well. Combine IC / NI and then no tax below a higher threshold.
http://www.telegraph.co.uk/news/2016/09/26/jeremy-corbyns-supporters-have-been-writing-poems-about-him-and/
"One poem, by a contributor named Helen Kidd, was entitled TELL ME LIES ABOUT THE AUSTERITY PLAN, and appeared to be inspired partly by the Hokey Cokey.
“You put your ballot paper in,” concluded the final stanza grimly. “You take your new membership right out/ You take an honest leader, and try to shake him all about.”"
It is interesting - just for the purposes of debate - to consider an economy where income wasn't taxed at all, but the same amount was levied in some way from wealth, land, property and savings (exempting pensions, up to a limit, for the same reason that it has income tax exemptions now). The savings in administration alone could be considerable.
The whole system (in particular Brown's tax credits) is just bonkers.
Sky caught him on camera a few months ago doing the same. Who are you, we are from Sky, grrrrh runs off.
Depending upon how desperate Channel 4 becomes.
Original link: http://www.telegraph.co.uk/news/2016/09/25/jeremy-corbyn-has-an-odd-little-habit-and-it-says-a-lot-about-hi/
Google cache & wayback just have the 404 page.
There is a bootleg copy on: http://news.anotao.com/link/gb/20160901138284/www.telegraph.co.uk/news/2016/09/25/jeremy-corbyn-has-an-odd-little-habit-and-it-says-a-lot-about-hi/ which has the text as i remember reading yesterday.
The argument for LVT is that it avoids the perverse incentives of other taxes: income tax discourages work; VAT discourages trade; rates discourage land development. It's seems like a very good idea, which raises the question why practically no-one in the world has implemented the scheme. The problem is that it goes against powerful interests that are very vested in land.
In my view it's a substitute for the full nationalisation of land, which philosophically has a lot going for it.
To keep things easy such a new system would have to focus on the principal reserves of wealth - land, property, investments and savings. Whether the gold issue could be dealt with by some sort of one-off tax when it is purchased, like VAT, I don't know. We only capture a proportion (estimated at below 80% in most countries) of income now, so any proposed alternative doesn't have to achieve perfection to be better.
http://www.nytimes.com/2016/04/26/business/energy-environment/china-coal.html?_r=0
"that does not mean that any human action has necessarily caused it"
Maybe, but human action certainly caused the increase in atmospheric CO2. Even were the likelihood of global warming 'alarmists' being correct as low as 10%, a expensive precautions would be sensible. As it is, developing alternatives to fossil fuels is entirely sensible whatever the climate.
Being a fan of coal is idiotic.
Hence the rise of the Corbynistas.
By stating that wealth (ie asset ownership) should be more heavily taxed and wages less taxed McDonnell is hitting the nail on the head.
If I work I pay 32% income tax on my earnings (20% + 12% NI)
If I am rolling in it and own vast quantities of shares, living of the dividends, I pay 10% income tax and no NI - 70% less tax.
That is an injustice.
http://order-order.com/2016/09/26/labours-fracking-flip-flop/
In Labour Leader news, today I have been backing Cat Smith at 400/1+. It's staggering how many of the Shadow Cabinet aren't even quoted on Betfair yet!
(You have a good point on National Insurance, however).
There is virtually no doubt that human greenhouse gas emissions are responsible for the currently measured warming. You'd have to be a really silly cnut to deny this.
*Yes I include borrowers, as asset prices could drop.
And the whole point of dividends is to encourage the investment of capital in worthwhile enterprise.
Anything going on on the sun electromagnetically that influences cosmic rays and/or cloud formation would have much more effect but as yet little is known and even less fully understood about this.