UK has no alternative to interest rate rises - Hunt
- Thread starter SirGalahad
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The diesel price is seasonal, as it's very similar to heating oil and is a by-product of petrol. So there's a glut of the stuff in the summer. These price shifts are completely normal, the gap grew last winter due to the gas issues affecting all heating prices, as some could switch from gas to oil.
Not the point at all.
For as long as i recall , diesel has been more expensive than petrol.
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There have always been regular crossings over the years, see the graph on this page...
UK pump prices over time
This chart tracks the changes in petrol and diesel prices over time (weekly on a Monday, rolling ten year period) and is based on BEIS data published each Tuesd
www.racfoundation.org
We've got 2 diesels, which I'm aiming to keep as long as possible. Both are exceptionally clean modern cars, we're definitely not causing any more harm than a petrol. But I'm hoping that its unfashionable status may mean it gradually gets cheaper over the years as all the sheep stop buying diesel cars so demand drops.
Not that I recall.
And not according to your graph either, that I can see on my phone anyway.
They crossed in 2015 and 2016 - just.
Also lots of time they're within spitting distance.
It's unusual for diesel to be less, but it isn't now on average anyway, only at some places. I don't think there's anything unique happening.
Which is what I said, that diesel is almost exclusively more costly at the pump than petrol.
And has been for the thirty-plus years that I've been using the stuff.
I can remember many years of diesel being cheaper than petrol, and constantly so. The chart isn't that clear but 2006 seems to be the year diesel leap frogged petrol for the first time, which would be about the time diesel was promoted as the way forward.
I started driving in 1974.
I started driving in 1974.
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ok but you don't actually cut taxes because the money taken from us will still circulate in VAT and other taxes so the more we spend the more tax is contributed anyway.Well if you honestly believe that then I cannot argue against faith, but can against doctrine and facts.
Truss budget was more trickle down economics which there is scant evidence that it works. But it's a simple idea thats easy to sell. It's based on the now discredited work of Arthur Laffer and his Laffer curve.
Trickle-down economics are a cruel hoax. Invest in infrastructure, education and public health
Politicians rarely want to raise taxes on the rich. Joe Biden promised to do so but a closely divided Congress is already balking. That’s because they’ve bought into one of the most dangerous of all economic ideas: that economic growth requires the rich to become even richer. Rubbish.blogs.berkeley.edu
When you cut taxes - the Government has a shortfall - how does it cover that? Ergo the markets reactions to Truss unfunded tax cuts.
Tax cuts for the wealthy only benefit the rich | LSE Research
History suggests that policies relying on “trickle-down economics” are destined to fail, and yet the idea, for some, still persists. David Hope explains why tax cuts for top earners only benefit the rich and why the issue is so controversial to discuss.www.lse.ac.uk
The idea of trickle down economics is like the idea of Brexit - they need us more than we need them - so the corner shop needs you more than you need it is the level of analysis.
Truss policies were idiotic and if you cannot see that then really what hope is there.
Its also utter BS that if we cut income tax we lose tax income. Its not that simple.
But for sure if we continue to increase at source basically compulsory contributions at a higher rate eg taxes and primary living expenses (Morgage/Rent Fuel and Food). You will see a decline in revenue from tax due to a decrease in joe public's spending. Therefore less tax revenue.
I believe many people who are anti 'rich people' are also anti trickle down.
As i was saying previously for sure now i am being taxed way more i am paying other trades around me less and taking on more work in favours friends and other ways which would otherwise help support my local economy. I want to help my community more so if i had the money spare but the government takes it and does what? Spends Billions on quango corporations supplying defective PPE etc etc. How much trickles out as opposed to would trickle down. I argue trickle down would benefit US the public more in generating local taxes, spending for local shops and trades and benefitting the people, not some already minted friend of the government.
Meanwhile for example an elderly person in my family has waited 2months now to see a Doctor, i have in the meantime paid for this person to see a private specialist. Now considering this person has been a hard working tax payer all their lives in roles contributing to the better of this country, it deeply troubles me. Why should we pay more taxes when it is the mismanagement and fault of this and many Governments along the way, the soul reason being a lack of accountability, they do the deals and the term and walk away (if they're clever enough) to be sorted for life.
The only reason i was able to afford to pay for my elderly member has been due to sheer hard work and not thanks to the government in any way who has never once given me any assistance, reward or incentive to work harder or show my hard work is helping our community and or country to improve.
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Much easier than all that.
You can use
This one:
Or this one,
Or this one
Or this one
Or this one
You can use
This one:
Or this one,
Or this one
Or this one
Or this one
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Anti-rich? What is that. Define rich.
Trickle down economics is a complete joke - I have pointed this out before but its based on now discredited work of Arthur Laffer - yet you still want to push debunked and discredited theories - why?
If you want to pay less taxes then grow the economy and change the age profile of the population.
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Anti rich - People who percieve others to have more money and assets (normally without realising the hard work and sacrifices made and as such do not appreciate what it takes to actually become wealthier, this energy in turns become more focused on pulling said person down as opposed to working up to them.
Trickle down - the problem being is if you already have an issue with people being wealthy you will be opposed to this theory already.
Personally as above id rather see cash flow to the hardest working and not the government sending it everywhere other than investing into our people and infrastructure.
Grow the economy, hmm ok but almost every point below comes back to my original point it's not about raising taxes and or interest rates or land tax ie 'lets just tax the rich because they're lucky ****s anyway'. No its about making concessions allowing people to actually make a difference without having their legs and arms nailed to a tax deducting obsessesed team matured from traffic warden mentality. Nearly every point below refers to lowering costs, streamlining and efficiency. Apart from 1 where yes our taxes should go, the rest as i said should be about stimulating growth, you cannot grow a seed without giving it something first, the basic nutrients of life really help.
You got a better idea SirG i am all ears. btw you sound a right grumpy fcker lately whats up with you
- Invest in Infrastructure: Investing in transportation, utilities, and digital infrastructure can enhance the productivity of the economy. Good infrastructure allows businesses to operate more efficiently, encourages inward investment, and connects different regions of the country, facilitating economic growth.
- Promote Education and Skills Training: An educated and skilled workforce is crucial for economic growth. Policies can focus on improving education outcomes, providing vocational training, and reskilling workers for industries where there is a high demand for labor.
- Encourage Innovation and R&D: The UK has world-leading universities and a strong record in certain areas of research and development. Policies that encourage innovation—such as funding for scientific research, tax incentives for R&D, and protection of intellectual property rights—can lead to new businesses, industries, and job creation.
- Enhance Trade and Investment: The UK can seek to negotiate favorable trade agreements with other countries to expand markets for UK businesses. Attracting foreign direct investment can also bring additional capital, technology, and skills into the country.
- Regulatory Reform: Reducing unnecessary regulation can lower costs for businesses and encourage entrepreneurship. However, it's also important to maintain regulations that protect consumers, workers, and the environment.
- Fiscal Policy: Using government spending and tax policy to stimulate the economy is another strategy. This could involve investing in areas like health, education, and social services, or it could involve tax cuts or reforms to encourage business investment.
- Monetary Policy: Although the government doesn't directly control monetary policy, the Bank of England can use strategies like interest rate adjustments and quantitative easing to influence economic growth.
- Addressing Income Inequality: Policies that reduce income inequality can also promote economic growth. When income is more evenly distributed, more people can afford to purchase goods and services, which can stimulate demand and lead to job creation.
- Sustainable Growth: With the growing concern about climate change, it is increasingly recognized that economic growth strategies need to be sustainable. This could involve investing in renewable energy, promoting energy efficiency, and developing industries that are sustainable and environmentally friendly.
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