+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
Treasury blueprint to raise taxes and freeze wages to pay for £300bn coronavirus bill
https://www.telegraph.co.uk/politics...ges-pay-300bn/
Nice spin leak politics ?
Get debate going see who bites ?
Do something different and not as harsh .
Bingo ?
I'll believe it when I see it.
You can be certain that the super rich will be protected and the people who go to work every day ****ed into oblivion by it. Do the Tories think they can get away with tackling the triple lock? Risky.
If the government lose the waspi women appeal they will be a few more bob added to the overall bill.
Taxation has been too low for a long time (I know it's not what anyone wants to hear, but it's true). Cutting tax is always a vote winner, but it's not always realistic in the long term - we all end up paying in other ways. Successive governments have cut defence, the NHS, and pensions, and sold off anything that would fetch a price, when they could simply have raised taxes instead. But that would upset the voters. Short term solutions for a long term problem.
At the moment, the country is being crippled by COVID - our debt is apparently already more than at the end of WW2 - and someone is going to have to pay for it. I forecast that there will be tax and NI rises shortly.
Last edited by tforturton; 17-05-20 at 14:29. Reason: spelling
Scrap HS2 immediately and save £100 billion towards the cost of the COVID crisis. It's all coming apart at the seams anyway - https://www.bbc.co.uk/news/business-52695156. Ideal opportunity for Boris to scrap the scheme and save face at the same time?
On the other hand government funded projects, major Civils is historically one of the ways of priming the engine of the nation, putting people to work who otherwise would be unemployed. It isn't necessarily about profit and loss in the short term, its about getting the country up and running again.
Think what a boost to the South wales economy it would be if they approved and started to build the Newport relief motorway for example, just the people earning and spending!!!
WAG were crazy to abolish the Severn Bridge toll completely. Reducing it by say 50% would have provided useful income to finance the building of the relief road. Bridge users would have supported the idea knowing that the remaining charge was going towards the solving of the Brynglas bottleneck. Win-win.
Not even a case that they would have suppoted it, they'd have had no choice, and would have been happy with a 50% saving.
But it wasn't really the cost the stopped it it was the mind set of the people in positions of authority who were making the decision.