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Author: Subject: VAT
coozer

posted on 22/6/10 at 02:06 PM Reply With Quote
Short memorys indeed, who closed the mines, closed the shipyards and ran the docks down?

Who made it illegal to gather in a public place and who put the mortgage rate up to 15%

Who cancelled the NCB apprentice scheme the year I left school and who had the aforementioned mortgage rate up the year I started a family and bought (and lost) my first house.

Finally who planned to reduce the navel fleet but was saved the embarrassment by Argentina...

Answers on a postcard please...





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smart51

posted on 22/6/10 at 02:13 PM Reply With Quote
quote:
Originally posted by blakep82
...labour run it into the ground, tory have to try and rebuild it increasing taxes. labour wee everyone off by ruining it, tory wee everyone off by trying to fix it.


If only there was a middle option, one that was neither too left wing or too right wing...






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jabbahutt

posted on 22/6/10 at 02:14 PM Reply With Quote
Apologies to Jon who started this thread as it's gone away from his question.

What is it you sell? do you deal with other businesses or public? If public I'd pay the extra % to a company I had faith in and who provided excellent customer service rather than save a few quid and suffer hassle when things go wrong and need assistance sorting.

Apologies again Jon for this thread turning into a labour/conservative pi$$ing contest.






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D Beddows

posted on 22/6/10 at 02:17 PM Reply With Quote
how putting people out of work (and keeping those who are already out of work out of work) helps the economy is beyond me...... I remember having to pay poll tax and thinking back that we ever put up with that defies belief...... but successive governments have destroyed Britain's manufacturing industries and now we're going to destroy the construction industry (no more council house building/planning refused for pretty much anything...) but heaven forbid we upset the banks.............. a Tory government hurrah........ NOT!!! Labour aren't much better but at least we had a little confidence comming back in the housing market and on the high street........ that'll be gone now






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BenB

posted on 22/6/10 at 02:18 PM Reply With Quote
quote:
Originally posted by jabbahutt
Apologies to Jon who started this thread as it's gone away from his question.

What is it you sell? do you deal with other businesses or public? If public I'd pay the extra % to a company I had faith in and who provided excellent customer service rather than save a few quid and suffer hassle when things go wrong and need assistance sorting.

Apologies again Jon for this thread turning into a labour/conservative pi$$ing contest.


Don't forget the Lib Dems

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Lightning

posted on 22/6/10 at 02:29 PM Reply With Quote
Look at the bright side, its easier to work out................I'm going now





Steve

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Agriv8

posted on 22/6/10 at 02:56 PM Reply With Quote
quote:
Originally posted by Jon Ison
ok, what do I do, increase prices by 2.5% in January and sell nothing or do as others will have to do and soak it up.

So much for helping the small business ?

The most unthought of increase announced today that will hit small business very hard, and you want me to vote Tory, dont think so.


Of corse it will Jon, have uou not got the budget to get a top tax team to ensure you pay the minimum tax and a few million left over to lobby a few selected elected members to ensure you keep your un-opposed possition.

Ah we are back to the banks again are we not.

But they said we are good boys we can self regulate . In reality this was taking maximum risk with our cash and pocketing the profits / pay bonus / share options where times were good, but soon as things turn sour all of us that live within our means - we have to bail them out.

Unfortunatly it was Good all Gorden that allowed all this to happen and chose to ignore ( and in one case Quash ) reports on the risk that the banks were taking.

Agriv8

[Edited on 22/6/10 by Agriv8]





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minitici

posted on 22/6/10 at 03:05 PM Reply With Quote
quote:
Originally posted by Jon Ison
ok, what do I do, increase prices by 2.5% in January and sell nothing or do as others will have to do and soak it up.

So much for helping the small business ?

The most unthought of increase announced today that will hit small business very hard, and you want me to vote Tory, dont think so.


The increase is really only 2.13% on the current price inclusive of VAT.....

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David Jenkins

posted on 22/6/10 at 03:24 PM Reply With Quote
Jon,

You could always do what the big companies will do - hike the price up by 5%, blame the VAT increase and pocket the extra...

(said with tongue FIRMLY in cheek!)

[Edited on 22/6/10 by David Jenkins]






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stevebubs

posted on 22/6/10 at 05:04 PM Reply With Quote
quote:
Originally posted by jabbahutt
Apologies to Jon who started this thread as it's gone away from his question.

What is it you sell? do you deal with other businesses or public? If public I'd pay the extra % to a company I had faith in and who provided excellent customer service rather than save a few quid and suffer hassle when things go wrong and need assistance sorting.

Apologies again Jon for this thread turning into a labour/conservative pi$$ing contest.


Ditto. I buy computer bits from my local shop precisely because of this. Could save myself a few quid by going to ebay or somewhere like ebuyer but confidence in when it will turn up or be of suitable quality wouldn't be there...

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stevebubs

posted on 22/6/10 at 05:07 PM Reply With Quote
OTOH, if most of your business comes from low value items on ebay then you're shafted as if you raise prices from 99p -> £1.01, it'll look daft....

May be better to have a standalone shop and save the fleabay fees?

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Hammerhead

posted on 22/6/10 at 05:54 PM Reply With Quote
I think this just brings us in line with Europe, think most eu countries are 20 percent.

I will increase my prices accordingly.

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britishtrident

posted on 22/6/10 at 06:25 PM Reply With Quote
VAT rise is just about the worst thing they could --- apart from the obvious direct effect of a VAT rise transports costs rise -- the true effect will be nearer a 4 percent rise.

Prediction we are in for 1970s style inflation --- ain't good.





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JoelP

posted on 22/6/10 at 07:21 PM Reply With Quote
they will definately cause a double dip recession, which wasnt necessary at all. Indeed, causing a second downturn now means we've wasted the money already spent (added to the deficit) trying to avoid it. The system required a gentle but firm milking, to reduce debts without killing the recovery. We definately didnt need a proper kick in the nuts.






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Richard Quinn

posted on 22/6/10 at 07:49 PM Reply With Quote
quote:
Originally posted by turbodisplay
Amazingly america lent monet out with the same cavalier attitude.
At the least it should have had a stipulation that money lending will continue as before.
Darren
... and now the USA faces the issue of refinancing $2 trillion of short term debt. Their only option really is to print more $'s so the $ will plummet and probably drag other currencies down at the same time. VAT rises would be fairly insignificant in the shadow of another global crash.

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Ninehigh

posted on 22/6/10 at 08:05 PM Reply With Quote
quote:
Originally posted by boggle
what happend with the tax credit system?


I watched it, and from what I can understand if you earn a lot of money then you'll get less, if you earn just enough to get by with the tax credits they'll take some too.

He went on a fair bit about "incentive to work" which I see as "get a job or you're f**ked"






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nitram38

posted on 22/6/10 at 08:33 PM Reply With Quote
The trouble is jobless is growing by 100,000 people per month, so where are u going to work?






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Ninehigh

posted on 22/6/10 at 08:36 PM Reply With Quote
Sorry that's not a good enough question to ask a politician.

Missus had a good point though, this country is £X million in debt. Who do we owe it to? Where is this money we're now suffering to raise going?






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David Jenkins

posted on 22/6/10 at 09:32 PM Reply With Quote
quote:
Originally posted by Ninehigh
Missus had a good point though, this country is £X million in debt. Who do we owe it to? Where is this money we're now suffering to raise going?


China, mostly. They're also financing the US of A as well.

Quite scary, considering their track record. If they decide to call in their debts and stop buying treasury bonds then we're all in the soft and smelly...






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cossey
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posted on 23/6/10 at 11:04 AM Reply With Quote
quote:
Originally posted by Ninehigh
Sorry that's not a good enough question to ask a politician.

Missus had a good point though, this country is £X million in debt. Who do we owe it to? Where is this money we're now suffering to raise going?


anyone that owns a government bond. most of the UK debt is held by pensions funds so if the country defaults everyone with a non state pension will be very screwed.


With the decision to cut now vs later, the biggest issue is confidence. atleast after the budget people know what the score is going to be and they can get on with it. most of the job losses to come will be in the public sector and whilst it sounds very harsh ultimately increased unimployment from public sectors workers will have a far smaller effect than many other workers that were losing their jobs 18 months ago.

[Edited on 23/6/10 by cossey]

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02GF74

posted on 23/6/10 at 04:09 PM Reply With Quote
look at my avatar, told ya!!






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Ninehigh

posted on 23/6/10 at 06:23 PM Reply With Quote
quote:
Originally posted by 02GF74
look at my avatar, told ya!!


Yeah but the seal looked happy about it






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eddie99

posted on 23/6/10 at 06:33 PM Reply With Quote
Ok if they weren't to put up the VAT, What should they put up? We knew that there would be some hard decisions, but i don't think there is anything they could have changed to generate some money to pay of debts that you wouldn't have posted this thread about?
Prove me wrong.





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richard thomas

posted on 23/6/10 at 08:05 PM Reply With Quote
My view is the economy of the country as a whole is going to remain in deep schtuk for some considerable time to come. Never has the country owed so much money without a manufacturing base to rely on to generate income. We cannot add value to anything.

The old adage...value was created when the first bloke took a stone and shaped and sharpened it into an arrow head - he added value to it. Unfortunately as our manufacturing base has been diminished (destroyed) the income of the country is largely sustained by the service/finance industries....people who don't add value to things, they are just moving the stones around....other countries now sharpen them, add the value and take the wealth.

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Ninehigh

posted on 24/6/10 at 07:11 PM Reply With Quote
quote:
Originally posted by eddie99
Ok if they weren't to put up the VAT, What should they put up? We knew that there would be some hard decisions, but i don't think there is anything they could have changed to generate some money to pay of debts that you wouldn't have posted this thread about?
Prove me wrong.


I don't think anyone's going to disagree that it was going to be a tough one, I mean they've got to balance getting this debt paid with not screwing us all into poverty at the same time.

I used to play sim city an awful lot and I could never keep in money without taxing the living carp out of everything.






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