Energy Prices

[Claude Blue]

Re: Energy Prices

Corporation tax won't be reduced for some time if ever; it's just that the planned rise probably won't take place but I agree the intention is probably to lower it even further. I also agree trickledown economics isn't the flavour of the month but in theory my view is that it makes a lot of sense. Tax businesses to oblivion and they will move elsewhere. Isn't that why we have so many French companies in the UK? In fact there are so many French people living in London they are represented by a French MP with London being the sixth largest French inhabited place on the planet with around 400000 residents.

I note the Bloomberg article but I believe some analysts I have heard on the radio were predicting a much lower tax take than Labour were forecasting and even the most optimistic forecasts will raise nowhere near enough to pay for the cost of the government intervention. It all helps I suppose but remain unconvinced that an additional windfall tax, over and above the 65% already payable, is not the panacea some claim it to be.

Inward investment is far higher in France than the UK despite a higher equivalent CT rate.

[UNDERHILL1927]

Re: Energy Prices

The BBC also said that the energy crisis is INSIGNIFICANT now the news the Queen was unwell had broken.

How long are we going to put up with this shit? I’ve people on my social media more concerned about a wealthy 96 year old than millions of elderly across the country. This country is ****ED

[Claude Blue]

Re: Energy Prices

What third-rate college did you go to that didn't explain the difference servicing a debt and paying it off?

What exactly is "Britains (sic) borrowing debt"? Is there a non-borrowing debt? Never heard of it.

To summarize for you, Tory Boy, you clearly believe (based on your stance) it's better for taxpayers to cover the cost of Truss' energy cap than for it to come from the excess profits of the energy providers.

You haven't engaged with my points about the energy cap and borrowing.

You are correct, debt doesn't have to be paid off just serviced correctly.

The concern currently is that the markets are getting quite jittery about UK PLC's ability to service current debt and therefore future borrowing by the government will become more expensive.

I see no reason why excess profits shouldn't be taxed heavily. These profits are way above the norm and in no way due to companies investment or innovation. If it can be done then do it. I doubt it will be as much as the LP say but something is better than nothing.

If the LP were in government and enacting Truss's policy the Tory boys on here would be screaming blue murder about unfunded policy, maxing out credit cards or other such nonsense.

Like most of our right wing print media they're hypocrites.

[JamesWales]

Re: Energy Prices

What third-rate college did you go to that didn't explain the difference servicing a debt and paying it off?

What exactly is "Britains (sic) borrowing debt"? Is there a non-borrowing debt? Never heard of it.

To summarize for you, Tory Boy, you clearly believe (based on your stance) it's better for taxpayers to cover the cost of Truss' energy cap than for it to come from the excess profits of the energy providers.

You haven't engaged with my points about the energy cap and borrowing.

You are such a total hypocrite. Got caught out by your own words there AZ.

There is no ideology with you, just political point scoring. Quite clearly when it suits you (to lock us down) borrowing huge sums is fine) when it doesnt (to help with bills) it's not.

TBF, you live a long way away and no doubt have no trouble with your bills and you presumably aren't aware of whats been happening and the bills people and business were facing that now aren't. And nor do you seem to care that much of it. My mother was terrified of the winter. Now she isn't. A mate thought he would close his business this winter, now he won't.

Let me help: People need help with bills NOW. Taxing an entirely unknown sum that could be avoided or may never exist in a years time does not cut it. Those companies will also be paying billions more in tax through profits, but again, that is not with us yet and people need help now.

The solution may be imperfect and temporary but it solves a problem, whereas you offer ideological whingeing that solves nothing and is totally the opposite of what you said a few months ago.

[JamesWales]

Re: Energy Prices

You are correct, debt doesn't have to be paid off just serviced correctly.

The concern currently is that the markets are getting quite jittery about UK PLC's ability to service current debt and therefore future borrowing by the government will become more expensive.

I see no reason why excess profits shouldn't be taxed heavily. These profits are way above the norm and in no way due to companies investment or innovation. If it can be done then do it. I doubt it will be as much as the LP say but something is better than nothing.

If the LP were in government and enacting Truss's policy the Tory boys on here would be screaming blue murder about unfunded policy, maxing out credit cards or other such nonsense.

Like most of our right wing print media they're hypocrites.

They haven't made the profits yet. They are predicted over the coming year and more and will pay taxes on them at that point. People need help with bills now. How do you suggest we pay for that?

[SLUDGE FACTORY]

Re: Energy Prices

You are such a total hypocrite. Got caught out by your own words there AZ.

There is no ideology with you, just political point scoring. Quite clearly when it suits you (to lock us down) borrowing huge sums is fine) when it doesnt (to help with bills) it's not.

TBF, you live a long way away and no doubt have no trouble with your bills and you presumably aren't aware of whats been happening and the bills people and business were facing that now aren't. And nor do you seem to care that much of it. My mother was terrified of the winter. Now she isn't. A mate thought he would close his business this winter, now he won't.

Let me help: People need help with bills NOW. Taxing an entirely unknown sum that could be avoided or may never exist in a years time does not cut it. Those companies will also be paying billions more in tax through profits, but again, that is not with us yet and people need help now.

The solution may be imperfect and temporary but it solves a problem, whereas you offer ideological whingeing that solves nothing and is totally the opposite of what you said a few months ago.

You are defending Truss not because she's pulled out a rabbit.....she hasn't....but because she's a feckin tory

Ff sake

I can't stand the modern Labour Party and think starmer is a wet fact but realise its the only hope we have

Anything here about the Tories and you are on them like a rash defending them

It's an embarrassment

Please don't come out with this oh I am a moderate tory and have even voted for others

Absolute bollocks , you are a raving conservative , it would be better if you dropped your cloak , you are covered in blue and it's not Cardiff City

[Claude Blue]

Re: Energy Prices

They haven't made the profits yet. They are predicted over the coming year and more and will pay taxes on them at that point. People need help with bills now. How do you suggest we pay for that?

Through borrowing.

And if we can claw some back by further taxing any excess profits then do it.

Not forgetting the banks who will also profit (by doing bugger all) from government largesse.

[JamesWales]

Re: Energy Prices

You are defending Truss not because she's pulled out a rabbit.....she hasn't....but because she's a feckin tory

Ff sake

I can't stand the modern Labour Party and think starmer is a wet fact but realise its the only hope we have

Anything here about the Tories and you are on them like a rash defending them

It's an embarrassment

Please don't come out with this oh I am a moderate tory and have even voted for others

Absolute bollocks , you are a raving conservative , it would be better if you dropped your cloak , you are covered in blue and it's not Cardiff City

Yeah, I'm defending the government who will knock £66 off my monthly bills for 6 months, are giving my kids household £1000 and are subsidising energy bills to prevent imminent economic catastrophe and total disaster for many families.

Yeah, I will defend that over a bunch of messageboard ideologues who demand something be done, and then when it is, do nothing but whinge and offer no solution bar taxing some profits that havent been made and won't be declared for a year or more. I'd rather we not borrow more, but it strikes me that something needs to be done now, not tomorrow.

Jesus wept, do you guys deliberately try and make the Left look unelectable or what?

[Claude Blue]

Re: Energy Prices

Yeah, I'm defending the government who will knock £66 off my monthly bills for 6 months, are giving my kids household £1000 and are subsidising energy bills to prevent imminent economic catastrophe and total disaster for many families.

Yeah, I will defend that over a bunch of messageboard ideologues who demand something be done, and then when it is, do nothing but whinge and offer no solution bar taxing some profits that havent been made and won't be declared for a year or more. I'd rather we not borrow more, but it strikes me that something needs to be done now, not tomorrow.

Jesus wept, do you guys deliberately try and make the Left look unelectable or what?

Is anyone actually arguing that the government shouldn't borrow to pay for this?

The debate is about the fairness of how it should be repaid.

[Vindec]

Re: Energy Prices

Inward investment is far higher in France than the UK despite a higher equivalent CT rate.

That was because of BREXIT rather than the level of Corporation Tax.

[SLUDGE FACTORY]

Re: Energy Prices

Yeah, I'm defending the government who will knock £66 off my monthly bills for 6 months, are giving my kids household £1000 and are subsidising energy bills to prevent imminent economic catastrophe and total disaster for many families.

Yeah, I will defend that over a bunch of messageboard ideologues who demand something be done, and then when it is, do nothing but whinge and offer no solution bar taxing some profits that havent been made and won't be declared for a year or more. I'd rather we not borrow more, but it strikes me that something needs to be done now, not tomorrow.

Jesus wept, do you guys deliberately try and make the Left look unelectable or what?

Off he goes again

It's tory boy off Harry Enfield

[az city]

Re: Energy Prices

You are such a total hypocrite. Got caught out by your own words there AZ.

There is no ideology with you, just political point scoring. Quite clearly when it suits you (to lock us down) borrowing huge sums is fine) when it doesnt (to help with bills) it's not.

TBF, you live a long way away and no doubt have no trouble with your bills and you presumably aren't aware of whats been happening and the bills people and business were facing that now aren't. And nor do you seem to care that much of it. My mother was terrified of the winter. Now she isn't. A mate thought he would close his business this winter, now he won't.

Let me help: People need help with bills NOW. Taxing an entirely unknown sum that could be avoided or may never exist in a years time does not cut it. Those companies will also be paying billions more in tax through profits, but again, that is not with us yet and people need help now.

The solution may be imperfect and temporary but it solves a problem, whereas you offer ideological whingeing that solves nothing and is totally the opposite of what you said a few months ago.

You're confused, paying off debt isn't the same as servicing it.

Jimbo, for your own sanity, take some time away from the site.

[JamesWales]

Re: Energy Prices

You're confused, paying off debt isn't the same as servicing it.

Jimbo, for your own sanity, take some time away from the site.

Please don't patronise me. We are talking here about energy bills. As I said, I suspect you are unaware quite what was facing many people this winter and you offered no solution and just criticise anything or anyone that offers one.

You are the one who seemingly wants us to subsidise this winters bills with tax revenues that don't yet exist and won't exist for a year, and do so without borrowing. Good one. You are offering nothing, which is probably why the government is not going with a proposal you endorse.

[dandywarhol]

Re: Energy Prices

Please don't patronise me. We are talking here about energy bills. As I said, I suspect you are unaware quite what was facing many people this winter and you offered no solution and just criticise anything or anyone that offers one.

You are the one who seemingly wants us to subsidise this winters bills with tax revenues that don't yet exist and won't exist for a year, and do so without borrowing. Good one. You are offering nothing, which is probably why the government is not going with a proposal you endorse.

Labour wanted to freeze energy bills at the current cap £1971.Truss wants to freeze pensioners and kids.

[JamesWales]

Re: Energy Prices

Labour wanted to freeze energy bills at the current cap.Truss wants to freeze pensioners and kids.

You lot are sounding more like Trumpers talking about Hilary by the day. LOCK HER UP!