March 24, 201114 yr I see no problem with doing away with the 50% tax rate. It was just Labour throwing a bone to the left wing of the party without the 50% rate having any real revenue raising benefit. Lowering upper end tax rates gives less incentive for tax avoidance and encourages enterprise. What a load of baracus ! ;) Figures show the 50p rate brought in £8bn extra in December alone.
March 24, 201114 yr What a load of baracus ! ;) Figures show the 50p rate brought in £8bn extra in December alone. And how much at the same time was lost through tax avoidance ? 50% tax while not as bad as the late 70's in the UK encourages tax avoidance among the top earners.
March 24, 201114 yr Housing minister Grant Shapps has just admitted on 10 o'Clock Live that he didn't know that Eton and other public schools have charitable status. What an ignorant fool.
March 24, 201114 yr Housing minister Grant Shapps has just admitted on 10 o'Clock Live that he didn't know that Eton and other public schools have charitable status. What an ignorant fool. Saw that. He looks a bit like Robert Webb so it was slightly surreal to see David Mitchell interviewing him :unsure: he sounds pretty incompetent though, surely the Tories have someone slightly more convincing in their party?
March 24, 201114 yr And how much at the same time was lost through tax avoidance ? 50% tax while not as bad as the late 70's in the UK encourages tax avoidance among the top earners. The argument that high taxes encourage tax avoidance is like saying that we shouldn't have a strong justice system because it makes murderers more likely to run away and avoid being arrested.
March 26, 201114 yr If oil prices are expected to rise by a quarter this year what difference will a penny a litre tax reduction make. That's why the government are looking at the idea of a fuel price stabiliser. However, I'm still far from convinced that they can come up with a workable scheme. They can put the amount of duty up and down by as much as they like but that doesn't mean they can control the price charged at the pump.
March 26, 201114 yr That's why the government are looking at the idea of a fuel price stabiliser. However, I'm still far from convinced that they can come up with a workable scheme. They can put the amount of duty up and down by as much as they like but that doesn't mean they can control the price charged at the pump. The government should set a maximum price that can be charged at the pumps with penalties for any retailer profiteering. The maximum price charged would be subject to change in oil prices but the government should take control of the situation as it is affecting business and consumers heavily. 1p off a litre is just a gimmick.
March 26, 201114 yr I'm skint so i went with the cheapest flights from a proper airline :lol: Still £700, although I booked Delta with Airfrance Flight numbers/aircraft and saved £60-70 for a seat on the same flight :funky: I'm heading to the US, so Emirates was out of the question. I've heard a lot of good things about them though. My wife and daughter fly Emirates to Philipines every time now. Wife swears by Emirates, says they're good.
March 26, 201114 yr 1p off a litre is just a gimmick. THIS It's not even a good one either. With the VAT increase and the rising cost of oil there's been a good 7p added in Tax/Duty this tax year alone. A penny off puts the fuel price at my work from 130.9 to 129.9. Such a big difference.
March 28, 201114 yr Author Thing is - many people in this country can send a very strong message to the oil companies by simply not using their cars for unnecessary journeys and thereby spending less at the pumps. It's supply and demand, of course the conscious-free oil companies will charge as much as they think they can get away with. It's a shame for some who may feel 'cut off' by choosing to live in rural areas but I think high prices for fuel might lead to some of us being forced into a rethink of our lifestyles.
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