31-10-2022, 12:14
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#4576
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cf.mega pornstar
Join Date: Jan 2006
Posts: 18,806
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1
Voters may have been happy to accept the economy taking a 4% hit for more sovereignty and other reasons. But when that 4% hit translates into higher taxes, poorer services or no triple pensions lock, it's no surprise the polls suggest they're now thinking differently.
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Well they knew what they were voting for, if pensioners are struggling without the triple lock perhaps they should get a job, there's plenty out there
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31-10-2022, 13:55
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#4577
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Sulking in the Corner
Join Date: Jul 2009
Location: RG41
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Posts: 11,955
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Re: Britain outside the EU
Truss showed that she didn't know how to do it. John Redwood knows, of course.
The higher taxes etc are down to Covid and Ukraine, in the main.
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Seph.
My advice is at your risk.
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31-10-2022, 15:04
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#4578
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cf.mega poster
Join Date: Jan 2004
Location: Leeds
Posts: 1,312
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Re: Britain outside the EU
Quote:
Originally Posted by Sephiroth
Truss showed that she didn't know how to do it. John Redwood knows, of course.
The higher taxes etc are down to Covid and Ukraine, in the main.
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But a bit confused about good British, out of the EU, reservoirs apparently.
https://twitter.com/johnredwood/stat...56919838887937
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31-10-2022, 15:34
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#4579
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,130
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Re: Britain outside the EU
Quote:
Originally Posted by Sephiroth
Truss showed that she didn't know how to do it. John Redwood knows, of course.
The higher taxes etc are down to Covid and Ukraine, in the main.
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Do you mean the man who posted this a couple of days ago?
Quote:
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The government wants tax rises and spending cuts to reduce borrowing because the OBR says there will be a big deficit in 2025. No-one knows what the deficit will be then so being slave to a made up figure is wrong.
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https://twitter.com/johnredwood/stat...vN6UbcwZvHCuVQ
If only there had been a recent event which had shown the folly of marginalising the role of OBR when setting fiscal policy...
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31-10-2022, 17:48
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#4580
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cf.mega poster
Join Date: Feb 2012
Posts: 4,429
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Re: Britain outside the EU
Quote:
Originally Posted by Hugh
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You are being too polite Hugh, the guy is a fool.
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31-10-2022, 18:41
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#4581
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,051
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Re: Britain outside the EU
Quote:
Originally Posted by Hugh
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A big deficit in 2025? I’m pretty sure the deficit is big enough already.
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The wheel's still turning but the hamsters dead.
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31-10-2022, 21:09
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#4582
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cf.mega poster
Join Date: Dec 2013
Posts: 14,235
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Re: Britain outside the EU
Quote:
Originally Posted by Pierre
A big deficit in 2025? I’m pretty sure the deficit is big enough already.
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Not big enough for Redwood, apparently!
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01-11-2022, 11:18
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#4583
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Virgin Media Employee
Join Date: Sep 2005
Location: Winchester
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Posts: 3,117
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Re: Britain outside the EU
I know it's crude and doesn't work but £50 billion deficit divided over 70 million population is around £720 each. Now all 70 million can't pay as we have children and others in that number. But that really is only the deficit and doesn't do much for the huge debt. We do need to pay that off..
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01-11-2022, 11:32
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#4584
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Sulking in the Corner
Join Date: Jul 2009
Location: RG41
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Re: Britain outside the EU
Whilst I remain a convinced Brexiteer (as in shedding the EU shackles), shouldn't there be a hefty proportion of the £39bn somewhere in the mix? The cheating Guvmin never mentions this.
__________________
Seph.
My advice is at your risk.
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01-11-2022, 11:39
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#4585
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Architect of Ideas
Join Date: Dec 2004
Posts: 10,389
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Re: Britain outside the EU
Quote:
Originally Posted by tweetiepooh
I know it's crude and doesn't work but £50 billion deficit divided over 70 million population is around £720 each. Now all 70 million can't pay as we have children and others in that number. But that really is only the deficit and doesn't do much for the huge debt. We do need to pay that off..
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You think that’s bad mate wait til you see the national debt.
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01-11-2022, 11:48
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#4586
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Sulking in the Corner
Join Date: Jul 2009
Location: RG41
Services: 1 Gbps; Hub 4 MM; ASUS RT-AX88U; Ultimate VOLT. BT Infinity2; Devolo 1200AV
Posts: 11,955
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Re: Britain outside the EU
Quote:
Originally Posted by tweetiepooh
I know it's crude and doesn't work but £50 billion deficit divided over 70 million population is around £720 each. Now all 70 million can't pay as we have children and others in that number. But that really is only the deficit and doesn't do much for the huge debt. We do need to pay that off..
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Actually, that's very insightful. If you take the working population, you're looking at £1,500 per person. That's per year of deficit. If the Guvmin splits that 50/50, as mooted, with departmental savings, we're back to tweetiepooh's £720 each (per year). Of course that'll be higher because the tax take will be weighted according to affordability sort of thing and thus higher earners will see a higher burden (never mind their mortgages).
All because that fool Truss spooked the markets. Jeez.
__________________
Seph.
My advice is at your risk.
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01-11-2022, 11:53
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#4587
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,130
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Re: Britain outside the EU
Quote:
Originally Posted by Sephiroth
Whilst I remain a convinced Brexiteer (as in shedding the EU shackles), shouldn't there be a hefty proportion of the £39bn somewhere in the mix? The cheating Guvmin never mentions this.
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It’s around £5.5 billion this year, £3 billion next year, £1 billion 2024…
https://www.bbc.co.uk/news/51110096
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If my post is in bold and this colour, it's a Moderator Request.
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01-11-2022, 12:49
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#4588
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cf.mega poster
Join Date: Dec 2013
Posts: 14,235
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Re: Britain outside the EU
Quote:
Originally Posted by tweetiepooh
I know it's crude and doesn't work but £50 billion deficit divided over 70 million population is around £720 each. Now all 70 million can't pay as we have children and others in that number. But that really is only the deficit and doesn't do much for the huge debt. We do need to pay that off..
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Is it about £30k per person to pay off the UK's national debt?
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04-11-2022, 09:18
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#4589
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Virgin Media Employee
Join Date: Sep 2005
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1
Is it about £30k per person to pay off the UK's national debt?
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Yes but getting the budget right means we start to pay off that debt and people who pay off debt get that debt at better rates than those who don't.
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I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.
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04-11-2022, 10:41
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#4590
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,130
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Re: Britain outside the EU
Quote:
Originally Posted by tweetiepooh
Yes but getting the budget right means we start to pay off that debt and people who pay off debt get that debt at better rates than those who don't.
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And people who add additional debt without explaining how they’re going to pay for it have to pay more for that debt - pretty basic process you would have thought most people would know…
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If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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