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JOHN DOE

BUDGET 2011

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Yeah thanks bro, let's have an indepth discussion.

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you will see a sensible conservative budget today

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summary when possible klthnx

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Rumours they will sort out the petrol joke prices

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Economy

:: Growth for 2011 forecast downgraded to 1.7%

:: Public sector borrowing to be £146bn

Business

:: Corporation tax to be reduced by 2% in April, and will continue to fall by 1% for the next three years

:: Income tax relief for small companies to increase from 20% to 30%

:: 43 Tax reliefs abolished

:: Small business rate holiday exteneded to October 2012

:: Carbon price floor for power industry initially set at £16 at tonne

:: Funding for 21 Enterprise Zones to be available from this summer

:: Green investment bank to have £2bn in additional funding

Taxes

:: Consultation on merging income tax and national insurance

:: Charge up to £50,000 for long-term UK residents holding non-domiciled status

:: Promise that 50p tax rate is a temporary measure

Mortgage support

:: New-build shared equity scheme for first-time buyers, helping 10,000 families, funded by bank levy proceeds

Investment

:: Extra £100m for science research facilities

:: £200m for development in regional railways

:: £100m to repair potholes in roads

Young Workers

:: Funding for 24 new technical colleges

:: 100,000 new work experience places and 40,000 apprenticeships

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I don't really get economics tbh, so can someone tell me why Corp. tax is being reduced?

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knowing this government, any incentive they give with the right hand they'll take away with the left

so im not interested

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I don't really get economics tbh, so can someone tell me why Corp. tax is being reduced?

Basically it is a fillip; to try and encourage companies to start investing again, create new jobs etc. But also to try and deter companies from moving to more low-tax locales.

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We are going to let the corporation tax fall to 23%?

What a joke. That will be the lowest out of all the G7 countries.

But VAT has gone up 3%...

Good investment into sciences.

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We are going to let the corporation tax fall to 23%?

What a joke. That will be the lowest out of all the G7 countries.

But VAT has gone up 3%...

Good investment into sciences.

That and the apprenticeships/ work exps and pot holes

Regional rail is lame but that's cuz I'm Londocentric.

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give me some petrol news please

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New fair fuel stabiliser to be introduced, funded by increasing the supplementary charge on North Sea oil and gas production from 20% to 32% from tomorrow.

• Fuel duty cut by 1p a litre from 6pm tonight.

• Inflation rise in fuel duty planned for next week to be delayed until 2012. Fuel duty escalator that adds 1p to fuel duty on top of inflation each year to be cancelled for the rest of this parliament.

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1p cut?, someone get the champagne, this is the best news ever

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We are going to let the corporation tax fall to 23%?

What a joke. That will be the lowest out of all the G7 countries.

So....?

Edit: Just trying to figure out why that is a bad thing.

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We are going to let the corporation tax fall to 23%?

What a joke. That will be the lowest out of all the G7 countries.

So....?

Edit: Just trying to figure out why that is a bad thing.

same

/

1p cut, nobody is gonna feel the difference

prices will still go up.

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

I disagree, these "big corporations" are companies, large and small, that provides employment for millions of people, and provides the lion-share of tax revenue for her majesty's government. Even if you believe in redistributive policies, A high tax rate will not help you achieve thst objective. It will simply drive business, innovation and investment overseas, and make businesses more reluctant to invest and create more jobs. Corporations always have a habit of passing on various tax increases to consumers anyway, so it is the ordinary person who suffers in the long run. History has also shown that lower tax rates paradoxically increases tax revenue, which results in the government being able to spend more on schools, hospitals etc.

If you have a budget that "panders" to those who "need it", then in the end there are no winners, even if it may seem more fair and just. In this age of globalisation, companies can just pack up and move if they feel burdened by taxation, and that benefits no-one; Loss of tax revenue, loss of jobs, loss of multiplier effects from businesses etc.

Generally speaking I think most taxes should be as low as possible.

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Help for 1st time home buyers is interesting. Only for new builds though <_<

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

A high tax rate will not help you achieve thst objective. It will simply drive business, innovation and investment overseas, and make businesses more reluctant to invest and create more jobs.

This is an opinion not a fact btw before people read it and go and around reciting it to people thinking it is true

Corporation tax should be progressive imo, in regards to all these big companies that are making billions of profit each year all the money left over just goes to them million pound wage execs who barely do anything and unneeded bonuses which is unfair

Obviously new up and coming need tax favours to help them survive and create jobs but all these big boys dont and the amount of negative externalities they cause as a result of there high scale production they should back money

These tax cuts would only be useful if it result in higher wages all that will happen is the fat cats wages will increase and the people at the bottome end of the firms just a way for Cameron to help out his oxbridge and eaton bois

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

A high tax rate will not help you achieve thst objective. It will simply drive business, innovation and investment overseas, and make businesses more reluctant to invest and create more jobs.

This is an opinion not a fact btw before people read it and go and around reciting it to people thinking it is true

Corporation tax should be progressive imo, in regards to all these big companies that are making billions of profit each year all the money left over just goes to them million pound wage execs who barely do anything and unneeded bonuses which is unfair

Obviously new up and coming need tax favours to help them survive and create jobs but all these big boys dont and the amount of negative externalities they cause as a result of there high scale production they should back money

These tax cuts would only be useful if it result in higher wages all that will happen is the fat cats wages will increase and the people at the bottome end of the firms just a way for Cameron to help out his oxbridge and eaton bois

It is not an opinion it is supported by incontrovertible evidence. I think you are the one who using your opinion and overlooking the facts.

Does that even make an sense? Progressive Corporation taxes? Think about it! It is an incentive to be unsuccessful. The harder you work, the more successful your company becomes, the more you have to give to the government, that is theft. Why would you want your organisation to be successful if you will just have to give more of your earnings to the government.

If you are the Chief executive of a FTSE100 and you are being taxed to death, there will come a time when you will not take it, and you will relocate your business to Switzerland or Hong Kong.

It has been tried by every Tax and Spend, social-democratic/ socialist, redistrubitive government as it has utterly failed. The government cannot create wealth, that is left to companies to do. And the government can only pursue "redistributive" policies successfully, if the wealth-creators are creating wealth.

What this country needs is entrepreneurial dynamism, and a low-tax milieux can only encourage that. Higher taxes on corporations are always passed on to consumers, or profits are moved to tax havens. Corporations never think, "Holy f*ck, we are so evil we better give the government more of our money, because we want to give back to society" No. Their motivation is profit, and their loyalty is to their shareholders, who happen to be a lot of the time ordinary men and women who have their pensions and life savings invested in their companies. So punitive measures affect all of us in some way, but the corporation will also find a way to not pay their tax.

This "big boys" provide jobs, and tax revenue, and due to economies of scale can produce more affordable things for the ordinary man.

If I was Osborne, I would have taken it further, I would have even set corporation tax in some of the more depressed areas of the United Kingdom at 15%.

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

I disagree, these "big corporations" are companies, large and small, that provides employment for millions of people, and provides the lion-share of tax revenue for her majesty's government. Even if you believe in redistributive policies, A high tax rate will not help you achieve thst objective. It will simply drive business, innovation and investment overseas, and make businesses more reluctant to invest and create more jobs. Corporations always have a habit of passing on various tax increases to consumers anyway, so it is the ordinary person who suffers in the long run. History has also shown that lower tax rates paradoxically increases tax revenue, which results in the government being able to spend more on schools, hospitals etc.

If you have a budget that "panders" to those who "need it", then in the end there are no winners, even if it may seem more fair and just. In this age of globalisation, companies can just pack up and move if they feel burdened by taxation, and that benefits no-one; Loss of tax revenue, loss of jobs, loss of multiplier effects from businesses etc.

Generally speaking I think most taxes should be as low as possible.

I was giving a reason why Q might have made his post and to an extent I agree with it.

I'm not talking about small companies hence me saying 'big corporations'. I have no problem with small / medium businesses receiving tax cuts but are you trying to tell me these billion pound corporations (that have recently been shown to pay f*ck all in tax by exploiting loop holes) would have bolted out of the country had the corporation tax stayed the same for them?

A high tax rate compared to who? This cut will take us to the lowest in the G7.

Everything your saying is based on a long term plan which isn't always a bad thing but in this instance we're talking about a long term plan to address an immediate problem.

People are getting sacked left right and centre as a result of the drastic cuts made by this government despite the vast majority of financial analyst bodies saying that the cuts were too heavy handed and put the economy in danger. So it's all right these cunts getting on a podium talking about ' the future' and appealing for patience but where the f*ck was the progressive stages of cuts to allow people to adjust?

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Maybe because it's a budget that panders to those who need it the least?

The ones who suffered most of at the hands of the vat increase weren't the big corporations.

I disagree, these "big corporations" are companies, large and small, that provides employment for millions of people, and provides the lion-share of tax revenue for her majesty's government. Even if you believe in redistributive policies, A high tax rate will not help you achieve thst objective. It will simply drive business, innovation and investment overseas, and make businesses more reluctant to invest and create more jobs. Corporations always have a habit of passing on various tax increases to consumers anyway, so it is the ordinary person who suffers in the long run. History has also shown that lower tax rates paradoxically increases tax revenue, which results in the government being able to spend more on schools, hospitals etc.

If you have a budget that "panders" to those who "need it", then in the end there are no winners, even if it may seem more fair and just. In this age of globalisation, companies can just pack up and move if they feel burdened by taxation, and that benefits no-one; Loss of tax revenue, loss of jobs, loss of multiplier effects from businesses etc.

I mean the budget is not quintessentially conservative, there's a new top rate of tax pushing of hundreds of thousands of people into the higher income tax bracket.

Generally speaking I think most taxes should be as low as possible.

I was giving a reason why Q might have made his post and to an extent I agree with it.

I'm not talking about small companies hence me saying 'big corporations'. I have no problem with small / medium businesses receiving tax cuts but are you trying to tell me these billion pound corporations (that have recently been shown to pay f*ck all in tax by exploiting loop holes) would have bolted out of the country had the corporation tax stayed the same for them?

A high tax rate compared to who? This cut will take us to the lowest in the G7.

Everything your saying is based on a long term plan which isn't always a bad thing but in this instance we're talking about a long term plan to address an immediate problem.

People are getting sacked left right and centre as a result of the drastic cuts made by this government despite the vast majority of financial analyst bodies saying that the cuts were too heavy handed and put the economy in danger. So it's all right these cunts getting on a podium talking about ' the future' and appealing for patience but where the f*ck was the progressive stages of cuts to allow people to adjust?

The thing is that Our competitors are not confined to the G7 are they? what about the g20? what about other countries who have a similar comparative advantage in similar service industries. ie. Singapore, Hong Kong, Switzerland etc.

I mean we would expect a higher tax revenue from these larger corporations with a reduced tax rate. A report released showed that 1 in 5 of these companies were considering relocating. It doesn't help anyone in the end.

On the issue of the coalition cuts, a necessary evil, but there havent been any substantive cuts yet. During the seven months that followed the general election, spending was £23.3 billion higher than during the equivalent period twelve months previously, an increase of seven per cent. So I don't really get the hysteria. Some individual budgets are being reduced, for all that the overall total has risen. Many local authorities, in particular, are cutting services. Then again these reductions are often being made by councils which manage to retain dozens of officers on six figure salaries. If every council employee agreed to take no more than the wage of a middle-ranking minister, hundreds of libraries could be reprieved.

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Additional business taxation will be levied on banks, oil and energy companies. who will no doubt pass this on to consumers.

Not a terribly exciting budget. Give here take there. The petrol duty cut is laughable. Our inflation rate has also overtaken Zimbabwe's, UK plc is still in deep doo doo.

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