[Brillopad]

Originally Posted by Withano

The pound being worthless that one time did that

The drop in the pound is pretty insignificant in my book. I feel there is a solidarity out there for us and Brexit. I also believe people are sticking two fingers up at ISIS terrorist scum.

[DemolitionRed]

Its everything to do with the drop in the British pound and anyone who tries to kid us otherwise must think we are stupid.

People tend to holiday where their money goes further and that's certainly true of Britain atm. Its also true that a staggering per cent of Brits are choosing to holiday in the UK this year. Lets not kid ourselves its because the scenery is more beautiful and the weather's more reliable! Have you looked at inflation figures compared to real wages recently? Haven't you noticed the ongoing mass sales or a number of shops presently boarding up their windows?

The Euro is presently too expensive and so is the dollar. All-inclusive packages abroad are presently high for those Brits going abroad because people simply don't have as much surplus cash.

[Brillopad]

Originally Posted by DemolitionRed

Its everything to do with the drop in the British pound and anyone who tries to kid us otherwise must think we are stupid.

People tend to holiday where their money goes further and that's certainly true of Britain atm. Its also true that a staggering per cent of Brits are choosing to holiday in the UK this year. Lets not kid ourselves its because the scenery is more beautiful and the weather's more reliable! Have you looked at inflation figures compared to real wages recently? Haven't you noticed the ongoing mass sales or a number of shops presently boarding up their windows?

The Euro is presently too expensive and so is the dollar. All-inclusive packages abroad are presently high for those Brits going abroad because people simply don't have as much surplus cash.

I didn't say the pound had nothing to do with it but there are other issues more significant ATM.

In my experience people would ordinarily be put off coming to Britain with the current terrorist threat and would usually put safety concerns above saving a few quid, but I feel people are showing ISIS that won't bow down to their threats. People can get quite determined when dealing with such cretins.

[Smithy]

Originally Posted by Brillopad

I didn't say the pound had nothing to do with it but there are other issues more significant ATM.

In my experience people would ordinarily be put off coming to Britain with the current terrorist threat and would usually put safety concerns above saving a few quid, but I feel people are showing ISIS that won't bow down to their threats. People can get quite determined when dealing with such cretins.

[Brillopad]

Originally Posted by Smithy

and one for good measure!

[jaxie]

I saw this yesterday, it's great that there is a silver lining to a lowered value pound.

[Kizzy]

Silver lining?... no, us being nothing but the equivalent of a sunday drive to a stately home and tea room to the rest of the world is not a silver lining.

[Brother Leon]

People want to visit ASAP before it goes down the ****ter.

[JTM45]

Originally Posted by Brother Leon

People want to visit ASAP before it goes down the ****ter.

Spot on!
They want to be able to tell their grand children ''i was there before it was destroyed by Brexit and it wasn't half bad''.

[Brillopad]

http://www.telegraph.co.uk/news/2017...ear-debt-fund/

As usual, and as expected from many politicians who aspire to becoming the next PM, words are cheap.

[Greg!]

Hew actually cares if people earning over £150k want to pay more tax or not? Make them do it anyway.

[Withano]

Who said Brillopad in the mirror three times?

[smudgie]

So he got that one wrong.
If people want to help with the debt etc they can make donations....but only a tiny amount of people have.
Anyone earning over £43K already pay extra tax..so earning £150K a year they pay a hell of a lot of tax.

[Kizzy]

If it meant keeping the NHS I would pay more tax, I don't mind taxes personally I don't believe in lifting those on low incomes out of paying tax.
I'd like to see everyone pay proportionate to their income, it would save those who pay tax feeling like they are propping up those on low incomes leading to divisions within society.

[Niamh.]

Originally Posted by Kizzy

If it meant keeping the NHS I would pay more tax, I don't mind taxes personally I don't believe in lifting those on low incomes out of paying tax.
I'd like to see everyone pay proportionate to their income, it would save those who pay tax feeling like they are propping up those on low incomes leading to divisions within society.

It's going to cost people alot more otherwise, look at medical costs in the states, crazy

[Oliver_W]

If people earn a lot of money, they shouldn't have to pay a higher percentage of their money. 20% of £150k is still a lot of money, and they want to pay more of it, there's plenty of charities they can give to.

[smudgie]

Originally Posted by Oliver_W

If people earn a lot of money, they shouldn't have to pay a higher percentage of their money. 20% of £150k is still a lot of money, and they want to pay more of it, there's plenty of charities they can give to.

They already pay 40% on anything over £43K on top of the normal allowances that other people get.

[Oliver_W]

Originally Posted by smudgie

They already pay 40% on anything over £43K on top of the normal allowances that other people get.

Yup, and they shouldn't pay more than 20%, like the lesser earners. There should be a flat tax rate.

[smudgie]

Originally Posted by Oliver_W

Yup, and they shouldn't pay more than 20%, like the lesser earners. There should be a flat tax rate.

I totally agree.

[user104658]

I strongly believe that the best thing for the economy is for more disposable income to be in the hands of people who will actually spend it; i.e. working people (and also those in receipt of benefit). So in principle, I'm actually in favour of the highest tax rate being the 40% rate (no 45% or 50% rate), and also, I would raise the thresholds of each band rather than lowering it, including the 0% band (I think 0% under 14k would be reasonable).

I would definitely not support a 20% tax band across the board on all earnings... it would be unworkable. Full time minimum wage is roughly £1200 a month which is ALREADY only just about enough to scrape rent, bills and food.... if you take 20% off of that then min wage take home would be closer to £950 a month.

There HAS to be a basic threshold of subsistence (shelter, fuel, food) that is allowed for before the government starts taking a slice of the pie.

Also remember that the 0% band doesn't only apply to people on low incomes... the first £11.5k of your earnings is tax free no matter HOW much you earn.



Current rates are:

Personal Allowance (0%)
Up to £11,500

Basic rate (20%)
£11,501 to £45,000

Higher rate (40%)
£45,001 to £150,000

Additional rate (45%)
over £150,000


I personally would support:

Personal Allowance (0%)
Up to £14,000

Basic rate (20%)
£14,001 to £55,000

Higher rate (40%)
£55,001 and above

Additional rate
none


Though obviously you couldn't do something that drastic over night, it would be a significant restructuring of tax income.



Oh... also I would never have VAT any higher than 12.5%. 20% is a ridiculous VAT rate.

[Oliver_W]

Originally Posted by Toy Soldier

I would definitely not support a 20% tax band across the board on all earnings... it would be unworkable. Full time minimum wage is roughly £1200 a month which is ALREADY only just about enough to scrape rent, bills and food.... if you take 20% off of that then min wage take home would be closer to £950 a month.

When I say there should be a flat rate, I still believe in the current tax-free allowance, and even that it should be higher - but I also think everyone who does pay tax should pay the same percentage.

[smudgie]

Originally Posted by Toy Soldier

I strongly believe that the best thing for the economy is for more disposable income to be in the hands of people who will actually spend it; i.e. working people (and also those in receipt of benefit). So in principle, I'm actually in favour of the highest tax rate being the 40% rate (no 45% or 50% rate), and also, I would raise the thresholds of each band rather than lowering it, including the 0% band (I think 0% under 14k would be reasonable).

I would definitely not support a 20% tax band across the board on all earnings... it would be unworkable. Full time minimum wage is roughly £1200 a month which is ALREADY only just about enough to scrape rent, bills and food.... if you take 20% off of that then min wage take home would be closer to £950 a month.

There HAS to be a basic threshold of subsistence (shelter, fuel, food) that is allowed for before the government starts taking a slice of the pie.

Also remember that the 0% band doesn't only apply to people on low incomes... the first £11.5k of your earnings is tax free no matter HOW much you earn.



Current rates are:

Personal Allowance (0%)
Up to £11,500

Basic rate (20%)
£11,501 to £45,000

Higher rate (40%)
£45,001 to £150,000

Additional rate (45%)
over £150,000


I personally would support:

Personal Allowance (0%)
Up to £14,000

Basic rate (20%)
£14,001 to £55,000

Higher rate (40%)
£55,001 and above

Additional rate
none


Though obviously you couldn't do something that drastic over night, it would be a significant restructuring of tax income.



Oh... also I would never have VAT any higher than 12.5%. 20% is a ridiculous VAT rate.

I would like to see the tax free allowance taken up to £15K.

[user104658]

Oh and I also think that a couple's tax free allowance should be fully transferrable. IMO it's somewhat ridiculous that a family with two working parents on £25,000 currently has a significantly higher take-home pay than a couple with one earner on £50k and the other stay-at-home. In other words, for families, tax rates should apply to the household rather than each individual. Literally everything else that is means-tested is tested against household income so why isn't tax?

[Brillopad]

Originally Posted by Toy Soldier

Oh and I also think that a couple's tax free allowance should be fully transferrable. IMO it's somewhat ridiculous that a family with two working parents on £25,000 currently has a significantly higher take-home pay than a couple with one earner on £50k and the other stay-at-home. In other words, for families, tax rates should apply to the household rather than each individual. Literally everything else that is means-tested is tested against household income so why isn't tax?

I don't know but I would imagine it may be related to the higher costs/expenses of a two-parent income i.e. childcare. One would assume that the non-working parent is providing childcare.

[Kizzy]

I would tax everyone I would have a 5% rate for those under 11,500 just so nobody can say that they aren't contributing but like TS I would offset that by reducing VAT.
I would come after tax avoiders.