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[ajohn]

what the economic policy of this government is

It may help Labour in the future. It sounds like higher taxation levels. Corporation tax - is that Sunak's idea? That version means they will get less tax this way if businesses do what he wants them to do.

Fact is we haven't been paying enough tax to effectively run ours services for rather a long time.

Another factor. Something that might please some say the 45p rate went to 50. It wouldn't raise much but that income level is not the one that carries most of the burden. The £2b lost by cutting it is probably somewhat "simplified" but gives an idea of income from raising it.

 

[Vinty]

Rishi Sunak is a step in the right direction

He is a new label on old rope.
The people will get the government they deserve.

 

[JohnD]

Doesn't matter what colour you are. Anyone can make it in our wonderful country .....

Though it does help if you're an ex-Public School boy, preferably from Eton.

 

[motorbiking]

Unfortunately the 50% tax rate did lasting damage to tax receipts from high earners. It may vary between industries, but typically its possible to pay the high earner bonuses in restricted stock units, even with limited sale periods. Hence the "bonus" is paid in capital gain and not income.

I've been earning that way for some time.

 

[IT Minion]

Unfortunately the 50% tax rate did lasting damage to tax receipts from high earners. It may vary between industries, but typically its possible to pay the high earner bonuses in restricted stock units, even with limited sale periods. Hence the "bonus" is paid in capital gain and not income.

I've been earning that way for some time.

Did it? It wasn't in place long enough to manage that.

 

[ajohn]

I've been earning that way for some time.

I'd say a change in that area may happen.

 

[Deleted member 18243]

 

[transam]

Kier Starmer had warned his cabinet that labours substantial poll lead will be dented by the arrival of sunack in Downing Street ??

Labour are likely to step up their personal attacks on the new PM

In a bid to retain their poll lead

Meanwhile smog fell on his sword
And. Has called ( in the past) sunac a socialist

 

[Lazzy]

Cool story transam do keep us updated with your fascinating insight

 

[sxturbo]

Nothing has really changed.
It still the same old faces reappearing.
Serial backstabber Gove is back, Suella Braverman sacked for a serious security breech has got her old job back.
Rishi blamed Liz Truss for the economic mess we are in, he seems to forget it was him and Boris who were running the country for the last few years, billions wasted on track and trace, pointless lockdowns have all contributed to the present situation.

Tbh rishi had a plan, he had to do what he did for COVID, and everyone knew we'd have to pay it back, then Russia started the worlds most pointless war, and it just went to pot.

Rishi knew what needed to be done and was prepared to do it, however truss decided his way wouldn't work, which evidently the markets didn't like and so they decided to tank the pound.

The only reason for inflation being mental is gas prices, and the shortages caused by COVID lockdowns which meant people were paying obscene amounts for items and knock on effects from there. The whole petrol crisis caused by the press was an absolute load of bull which also added to inflation and fuel prices never really went back down.

Remember rishi had to backtrack his tax hikes etc due to them being unpopular maybe had he done this, things would be looking quite different.

 

[gant]

That's not right though, people protested at the time that it was ludicrous the amount of money being spaffed away and would have to be payed back only to be cold shouldered.
37 billion was for instance spaffed away on track and trace.

 

[denso13]

37 billion was for instance spaffed away on track and trace.

No it wasn't.

 

[gant]

Link to say it wasn't please.

 

[Deleted member 294929]

This ones not helping either....


BBC News - Labour tells MP Nadia Whittome to delete Rishi Sunak tweet

Labour tells MP Nadia Whittome to delete Rishi Sunak tweet

Nottingham MP Nadia Whittome had said Sunak's appointment "isn't a win for Asian representation".

www.bbc.co.uk

 

[gant]

No it wasn't.

Still googling? this is what I read earlier today.

https://committees.parliament.uk/committee/127/public-accounts-committee/news/150988/unimaginable-cost-of-test-trace-failed-to-deliver-central-promise-of-averting-another-lockdown/