Originally posted by Neon Ignition
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UK IX: This Economy Will Self-Destruct In...
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Tighter rules of union strikes to be legislated
Bankers bonus caps being scrapped is confirmed
40 low tax investment zones to be established
Corporation tax increase scrapped
VAT free shopping to be introduced for tourists
Alcohol tax increases scrapped
Stamp duty cut from today
Income tax rates cut
Labour says that the announcements today showcase the Tories admitting to 12 years of political leadership failure
The pound drops in value at the news
Ban on new onshore windfarms to effectively be lifted
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Bleak, bleak bleak.
Was also kind of annoyed by that headline's focus on the "12 years of failure" comment given it's more of a point-scoring thing than actual condemnation of the policies, but lo and behold, clicking through I see that there is the appropriate criticism of trickle-down economics and the bare-faced stuffed of the pockets of the already rich.
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I'd like to say I was surprised by today's budget that delivers yet more wealth back into the hands of the wealthy. I'm not, obviously, as we've have 12 years of it and counting. What I do find amazing is the brazenness of this wealth shift in a time of national poverty crisis. It represents another utterly decadent throw of the dice from the rich that will affect not only people's life chances, but their life expectancies. I feel sick.
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I feel massively depressed about all of this, particularly contemplating how the tax cuts for the rich won’t be that unpopular… The general public are just going to parrot bollocks about “rewarding hard work” and accept it, if not relish it.
Don’t read about the government’s plan for charter cities (of which the government’s new “investment zones” are the primary phase) if you’re near any sharp objects.Last edited by Protocol Penguin; 24-09-2022, 08:36.
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Thanks to these cuts, £25 billion less will being going to the Treasury. So I hope all these well off people earning £75k or more like living in a country with a **** NHS, crappy Councils and ****ed public services.
The US treasury just said the UK is turning itself into a 'submerging market'.
That sounds like the kind of country the US wants to do trade deals with right?!Last edited by Cassius_Smoke; 24-09-2022, 08:34.
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Originally posted by Cassius_Smoke View PostThanks to these cuts, £25 billion less will being going to the Treasury. So I hope all these well off people earning £75k or more like living in a country with a **** NHS, crappy Councils and ****ed public services.
The US treasury just said the UK is turning itself into a 'submerging market'.
That sounds like the kind of country the US wants to do trade deals with right?!
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Originally posted by Brad View PostYou gotta be on way more than 75k to benefit from this budget I think?
If you earn £20k then you'll be £167.18 a year better off. If you earn £200k then it'll be £5,219.88. If you were lucky enough to earn £1m then you'd be a fairly staggering £55,219.88 better off. The government obviously targeting those in most need of some extra cash to feed themselves/keep warm in these challenging times.
"Better off" just in terms of take home pay. I mean, you won't have a functioning health service and the economy will collapse but, hey, swings and roundabouts...
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