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.
Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
Agreed but we are going to pay some how.. Real worry is if VAT will ever come back down!
Dan
quote:
Originally posted by jabbahutt
Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
quote:
Originally posted by jabbahutt
Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
Who was it that dismantled the engineering and manufacturing capabilities of this country? Said it was going to be a country of 'service
industries'.
How do you balance trade and pay off national debt when you have nothing tangible, manufactured, to trade with?
I'm off to aus in a few weeks, thank goodness!!!
Cheers,
Nev.
[Edited on 22/6/10 by Neville Jones]
Reducing VAT to 15% didn`t change my spending, so in theory raising to 20 won`t either ...........................
I think I would prefere to have 20% VAT than end up like greece though.
Darren
quote:
Originally posted by someone up above
Didn't hear a word about the banks paying anything back
quote:
Originally posted by turbodisplay
Reducing VAT to 15% didn`t change my spending, so in theory raising to 20 won`t either ...........................
I think I would prefere to have 20% VAT than end up like greece though.
Darren
I think the VAT increase is very unfair because it effect people across the board. And it's particularly annoying seeing as old Davy boy said
there wasn't going to be an increase in VAT after the lib dems warned people about the Tory plan... Doh!
Although I have to say having everyone applying for disability living allowance do a medical is a very good idea. The current system just cracks down
on the vulnerable (ie the people who actually need the DLA) whilst the lead-swingers find it all too easy to play the system....
no ones ever going to be happy with any budget, no matter who delivers it. the only think i've heard is VAT is up, and drink duty remains the
same.
wouldn't have been like this if the last government weren't so crap. its always the same, 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.
quote:
Originally posted by blakep82
no ones ever going to be happy with any budget, no matter who delivers it. the only think i've heard is VAT is up, and drink duty remains the same.
wouldn't have been like this if the last government weren't so crap. its always the same, 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.
I said that it was the previous Government running the econmony into the deck. Then points of view were posting about the banks getting away without
paying money back.
So which Government lent the money to the banks without any sort of concrete contract in place for repaying the money? And as with any financial loan
why wasn't the cash acrueing interest whilst the loan was outstanding?
As a country we've got ourselves into a right hole and unfortunately there is no pain free way to get back out.
I will be paying more VAT, I buy components from companies that advertise ex VAT prices, yet will still sell at the same price.
So i will be affected.
Darren
quote:
Originally posted by jabbahutt
I said that it was the previous Government running the econmony into the deck. Then points of view were posting about the banks getting away without paying money back.
So which Government lent the money to the banks without any sort of concrete contract in place for repaying the money? And as with any financial loan why wasn't the cash acrueing interest whilst the loan was outstanding?
As a country we've got ourselves into a right hole and unfortunately there is no pain free way to get back out.
Sorry Nitram I'm missing your point in the last post? I agree that the more people working then the more tax you generate etc.
But what has that got to do with lending billions to the banking industry without any sort of concrete contract stating when it will be repaid and
what sort of interest will be charge for borrowing the money in the first place.
Labour lent that money out without any sort of contract in place that it will be repaid. If it was all repaid and with interest then maybe this
thread would be talking about a rise of 1.25% not 2.5%
Also if Government as a whole stopped p$ssing our money away then taxes wouldn't need to go up.
Example the welsh assembly last year spent £34,000 of our money on hiring plants and paying for them to be watered!!
Not exactly essential spending required to keep a country running is it.
Why a contract?
All they had to do is change the budget rules, just like the tories have.
I think that creating a recovery and paying back is better than trying to pay back before.
You can't pay what you don't earn.
Taken from sky news on the budget speech : The OBR says unemployment will peak this year at 8.1%, then fall each year to reach 6.1% in 2015
So this is acceptable?
I'll wait until you are one of the 8.1% and then we will see if you champion the tories then!
It took me nearly 15 years to rebuild my life after the last tory government and I fear I'll be a victim again.
[Edited on 22/6/2010 by nitram38]
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
It wont effect my buying decisions.
If i was planning on making 'big purchases' around that time then id make sure I bought them before the rise, but in the big scheme of
things it shouldnt change peoples buying levels.
As it is, everyone earning is saving £200 a year with the increase of the tax free allowance.
I wouldnt complain if any business put its prices up inline with the VAT rise, at the end of the day, id rather pay a small amount more to keep the
business that I use running.
Nitram
It wouldn't suprise me if I didn't end up as one of the 8.1% unemployed but as I've already been made redundant 3 times during the last
government it won't be a new experience. We're definately on different tracks with this whole thread though.
I don't disagree that it is better to keep as many people in jobs as possible. What I don't agree with is lending billions of pounds of our
money to companies with no firm idea of when we'll get it back only to see them within less than a year turn large profits but make no effort to
replay the outstanding loan.
Still last time I checked we're priviledged to live in a country where it's welcomed to hold differing views on all subjects so I guess
we'll just have to agree to disagree on this one.
[Edited on 22/6/10 by jabbahutt]
quote:
Originally posted by nitram38
I remember the "good old days" under tory rule.
Record unemployment, 15% interest on mortgages, schools falling apart, 30 year old books, record house repocessions.
How short a memory people have.
quote:
Originally posted by MikeRJ
quote:
Originally posted by nitram38
I remember the "good old days" under tory rule.
Record unemployment, 15% interest on mortgages, schools falling apart, 30 year old books, record house repocessions.
How short a memory people have.
Once again they were left to clean up after Labour had crippled the country. History appears doomed to repeat itself because of peoples short memories...
what happend with the tax credit system?
To answer you question I believe that anyone with a joint income in excess of 40k will lose tax credits.
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...
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.
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$$ing contest.
how putting people out of work (and keeping those who are already out of work out of work) helps the economy is beyond me...... I remember having to
pay poll tax and thinking back that we ever put up with that defies belief...... but successive governments have destroyed Britain's
manufacturing industries and now we're going to destroy the construction industry (no more council house building/planning refused for pretty
much anything...) but heaven forbid we upset the banks.............. a Tory government hurrah........ NOT!!! Labour aren't much better but at
least we had a little confidence comming back in the housing market and on the high street........ that'll be gone now
quote:
Originally posted by jabbahutt
Apologies to Jon who started this thread as it's gone away from his question.
What is it you sell? do you deal with other businesses or public? If public I'd pay the extra % to a company I had faith in and who provided excellent customer service rather than save a few quid and suffer hassle when things go wrong and need assistance sorting.
Apologies again Jon for this thread turning into a labour/conservative pi$$ing contest.
Look at the bright side, its easier to work out................I'm going now
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.
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.
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]
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.
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?
I think this just brings us in line with Europe, think most eu countries are 20 percent.
I will increase my prices accordingly.
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.
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.
quote:... 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.
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
quote:
Originally posted by boggle
what happend with the tax credit system?
The trouble is jobless is growing by 100,000 people per month, so where are u going to work?
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?
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?
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?
look at my avatar, told ya!! 
quote:
Originally posted by 02GF74
look at my avatar, told ya!!
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.
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.
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.