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General Election 2019


Bjornebye
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Who are you voting for?   

142 members have voted

  1. 1. Who are you voting for?



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Guest Pistonbroke
1 minute ago, Bjornebye said:

Listen to him here. He is doing a speech at JCB in Staffordshire. Chatting utter turd. 

 

JCB you say, a so called safe house for Tory visits since time began. 

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48 minutes ago, A Red said:

I've just had a quick look at Labours manifesto detailing all the expenditure thats going to be made and then the funding page to see how it will be covered. 

 

As far as I can see its all being paid by -

 

We will pay for this by creating a fairer taxation system, asking for a little more from those with the broadest shoulders, and making sure that everyone pays what they owe. We will reverse some of the Tories’ cuts to corporation tax while keeping rates lower than in 2010. We’ll ask those who earn more than £80,000 a year to pay a little more income tax, while freezing National Insurance and income tax rates for everyone else.

 

I guess there will be loads of borrowing but the phrase "create a fairer tax system" could cover a multitude of things. It doesnt exactly help the cause, unless I'm missing something?

 

 


AS I understand, they will tax the top 5% of earners more, the rest will be aimed at (big) businesses. Unless you are in hospitality industry in Cornwall, you have nothing to worry about.  
 

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35 minutes ago, SasaS said:


AS I understand, they will tax the top 5% of earners more, the rest will be aimed at (big) businesses. Unless you are in hospitality industry in Cornwall, you have nothing to worry about.  
 

My worst fears confirmed

 

There does seem a complete lack of detail as to what proportion that will bring in against their spending plans. Couldnt be hiding additional taxation plans i'm sure.

 

 

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26 minutes ago, Strontium Dog™ said:

Labour is smart in this regard, in that they farm out the... uh, "creative" claims to their gang of outriders. It adds degrees of separation and gives them plausible deniability

As opposed to the Lib Dems, who have their press officer forging e-mail in support of threats of legal action against news outlets.

 

Couldn't find any outriders?

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2 hours ago, A Red said:

I've just had a quick look at Labours manifesto detailing all the expenditure thats going to be made and then the funding page to see how it will be covered. 

 

As far as I can see its all being paid by -

 

We will pay for this by creating a fairer taxation system, asking for a little more from those with the broadest shoulders, and making sure that everyone pays what they owe. We will reverse some of the Tories’ cuts to corporation tax while keeping rates lower than in 2010. We’ll ask those who earn more than £80,000 a year to pay a little more income tax, while freezing National Insurance and income tax rates for everyone else.

 

I guess there will be loads of borrowing but the phrase "create a fairer tax system" could cover a multitude of things. It doesnt exactly help the cause, unless I'm missing something?

 

 

 

There is a separate book on funding. Google  "funding real change" and it is a 40 odd page document that appears at the top of the search.

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2 minutes ago, A Red said:

My worst fears confirmed

 

There does seem a complete lack of detail as to what proportion that will bring in against their spending plans. Couldnt be hiding additional taxation plans i'm sure.

 

 

There's supposed to be a document with more detail about the costing, I haven't looked at it, but they were talking about a windfall tax of energy firms, taxing big techno internationals, doing away with most tax allowances for reinvested profit, taxing financial transactions etc.

If they want to increase the share of public sector and overall taxation in the GDP the way of Scandinavia, there will probably have to be more taxes bellow the 5% somewhere, but I doubt Labour would do it in the early stages.

But overall, it's all very, very optimistically costed and there are some, to me glaring elements missing, like the broadband study they costed the state provided Internet on says it would cost 20 billion for the easier part and 30 billion for the whole project (they may have explained that somewhere else though), also there is no loss of tax revenue or leases if any, didn't see the analysis of the knock-on effect if there is no competitive sales and advertising expenditure anymore. So if it won't be the Tory estimate of 80 billion, it probably wouldn't be the 20 billion Labour estimate either.

With railways, it will pay for itself when shareholder dividends are removed, but the dividends seem to be barely 1.3% of the total market and then they said the fares, which are something like 45% if I'm not mistaken, would go down 33%, so how will it pay for itself? The borrowing is historically cheap at the moment, but there will be nationalizations with the parliament setting the price below what would be the market value, which will piss off shareholders (possible all the way to the court). This will surely have implications on the valuation of bonds issued by that government, in the international market, such debt won't exactly be seen as safe as houses so may turn out to be more expensive than expected. 

 

I'd say this is more an expression of intent than a rigorously costed plan.

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1 minute ago, Mudface said:

Looks like Chuka's toast. Shame, he's such a principled politician as well, willing to change party at the drop of a hat.

 

Such a strange accusation to level at the guy, when surely the unprincipled thing to do would be to do what people like Jon Ashworth have done, and plump for a safe seat and an easy life in a party led by a guy you hate.

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16 minutes ago, Strontium Dog™ said:

 

Such a strange accusation to level at the guy, when surely the unprincipled thing to do would be to do what people like Jon Ashworth have done, and plump for a safe seat and an easy life in a party led by a guy you hate.

What's Ashworth got to do with anything? Just because he's an opportunistic cunt doesn't mean Chuka's not one.

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