Tax reform?

[morqthana]

They just need to increase income tax by 1p in the pound,

Or more, if the rumours are to be believed. Quite possibly not - surreptitiously float a rumour of a 2p rise, then everybody heaves a sigh of relief when it's 1p.

remove the upper limit for NI, remove the taper for the personal allowance above £100k, make the 40% tax point £80k, the 45% tax point £125k

And levy NI on all income INCLUDING pensioners above the personal allowance

If you remove all limits and thresholds for NI you might as well abolish it, roll it into income tax, and save money on the bean counting.

 

[Diver Fred]

Or more, if the rumours are to be believed. Quite possibly not - surreptitiously float a rumour of a 2p rise, then everybody heaves a sigh of relief when it's 1p.




If you remove all limits and thresholds for NI you might as well abolish it, roll it into income tax, and save money on the bean counting.

Was talking to an IFA earlier this week. One of the items discussed passing the time at the end of of the hour I paid for was 'putting the UK's finances right', their opinion is that all Rachel should have done last year was raise income tax by 2p and review benefit payments. The IFA's opinion was Rachel's meddling last year has made things worse rather than better and is stifling growth and work.

 

[morqthana]

The buck hesitates on her desk for a while, but eventually comes to rest on a desk next door.

It all comes back to that frightened, little, man, too scared to tell the truth.

Too scared to tell the truth about how much more we need to spend to repair the destruction wrought by the Tories.

Too scared to tell the truth about Brexit.

Too scared to tell the truth about the 2-child benefit cap.

Too scared to tell the truth about disability benefits.

Too scared to tell the truth about asylum seekers.

I never thought he should be PM, and nothing he has done since he became it has made me think I was wrong.

Labour needs to ditch him, and the sooner the better.

 

[blup]

Tax reform? For a moment I thought it was a proposal to earmark tax rises for right wingers