Yeah, I'm not sure they were expecting the only disappointment of mine was that it didn't make the manifesto.
General Election 2017 | Cabinet reshuffle: Hunt re-appointed Health Secretary for record third time
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Indeed, but the only point was, we can't claim we are the best nation in the G7.
I'm trying to find a decent chart going up to 2016. We were top of the G7 a couple of years ago. We are bottom now.
I just entered the predictor contest, went for a hung parliament and at the end it said 'You have voted for Theresa May'!! Fake news!! Sad!! 
Great news for those on here willing to hand over all their rights and privacy to the arms dealing vicar's daughter.
She will change the Human Rites Laws stating that it's all about terror next ordinary people will see it used against them.
By the way this is the first election I am ever voting in, wonder if there are others doing the same due to the Corbyn factor.
This is how it starts isn't it? Slowly you start losing your rights in the name of security and protection.
https://www.theguardian.com/politic...man-rights-laws-impede-new-terror-legislation
Theresa May pictured condemning the recent terror attacks.
Not sure raising corporation tax by a third will help our economy grow!
Not paying much attention to this debate on BBC News, but Sarah Champion is doing well for Labour. From a quick Google search she appears to have some baggage, despite that she's far more competent than Corbyn's best buddies like Diane Abbott.
I mean Ken Livingstone would be more competent, basically she's saying the right things.
I mean Ken Livingstone would be more competent, basically she's saying the right things.
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Me either. But, as Labour like to point out
- We would still have the lowest corporation tax rate in the G7
- We would still have a middling level of corporation tax in Europe.
But Corporation Tax receipts only accounted for 6% of Government revenue in 2016. This is what the IFS has to say in 2015
https://www.ifs.org.uk/bns/bn09.pdf
https://www.ifs.org.uk/uploads/publications/bns/BN_182.pdf
FFS my old man must let slip he's voting Tory
http://election2017.ifs.org.uk/article/two-parliaments-of-pain-the-uk-public-finances-2010-to-2017
- The financial crisis led to a sharp reduction in national income. Even more striking is the weakness of the subsequent recovery.
- Official forecasts suggest that GDP per adult in 2022 will be 18% lower than it would have been had it grown by 2% a year since 2008 – broadly the expected rate of growth at that time.
- The UK’s public finances compare unfavourably with those of other advanced economies, although this is also the case for other very large economies such as France, Japan and the United States.
- In 2016, the UK had the fifth-largest deficit out of 35 advanced economies and the sixth-largest debt out of 26 advanced economies
- On the spending side, the striking fact is that after seven years of austerity, public spending is only broadly back at pre-crisis levels as a fraction of national income.
- Cuts to large parts of government spending have only resulted in the size of the state being broadly unchanged.
It's just impossible to get over the generation gap and how people from each, generally speaking, see the parties. There was a great thread on Twitter a while ago in which a woman explained everything from the perspective of her parents. Kind of opened my eyes to just how embedded it is and will remain.FFS my old man must let slip he's voting Tory
Asked him why and he gave me a load of media spoon fed bollocks about Corbyn. I broke down the bullshit and what the actual full quotes were and he just "we'll have to agree to disagree".
So fecking disheartening.
Raising it back to average levels though. We've had plenty of growth historically with the proposed rate and even higher.
I don't see the argument to have it below 20%
Interesting, but you'd have to net that off with additional investment from businesses, eg R&D, and potentially increased employment, as companies invest more here, with the subsequent benefits of additional income tax and other revenue streams. No idea how you calculate that though...
FFS my old man must let slip he's voting Tory
Remember, the apple doesn't fall far from the tree, Nick.We weren't previously on the brink of leaving the world's biggest trading bloc though, I guess.
Yep, you're going up against a brick wall. They're from an age where things were very different and don't want to and/or can't ever see things from your perspective. You can keep plugging away and thinking you've found a gap in the defenses, but you'll find it's fortified by another line of reasoning that acts as a fail-safe.
For example, my dad's voted BNP in the past as a "protest vote." Seeing as I know he's not a vile racist scumbag, it's hard to explain to a stranger how that works. I can spend all night going over why it's wrong to vote for them under any circumstances. He'll still come out as certain of himself as he was at the beginning.
I'm sure when the Tories raise VAT that will really help the economy..
Have you tried raising VAT and killing all the poor?
Do I have to do this a second time?
How much were we actually bringing in at the old rate?Interesting, but you'd have to net that off with additional investment from businesses, eg R&D, and potentially increased employment, as companies invest more here, with the subsequent benefits of additional income tax and other revenue streams. No idea how you calculate that though...
We weren't previously on the brink of leaving the world's biggest trading bloc though, I guess.
Not sure cutting it by a third helped it either
Hopefully sorted now - was for logged into old uni account. No disrespect taken
If you could that would be great, should only take a second or two to enter again. I will check the other one before the deadline and collate any responses not brought over. So no worries if you don't, would just make it easier for me!
We can talk about a growing economy all we like but what good is it if the poorest in society and those who need it most see none of it and find their own situation worsening?
I'm fairly sure any fruits of a successful economy under a Conservative Government will go where they always do... to the already well off.
I wouldn't judge an economy but how wealthy the richest are... we should judge it by how those at the bottom end are coping.
That was the coalition, not the Tories themselves
I dunno, but like-for-like comparisons must be difficult, given the vagaries of economic growth and corporate profitability in different years. If you have a year, for example, where both say Vodafone and RBS have multi-billion pound writedowns, that must hit in the tax intake?
I'm lucky that my Mum isn't voting Tory.
Trying to change the opinion of stubborn people is very difficult though, especially those who take everything the media say at face value.
I do actually agree- raising the income tax threshold and upping the minimum wage must have helped, but I guess benefit freezes are the big issue in the bottom cohorts. It's a balancing act ensuring benefits are fair, but not a deterrent to getting a job, and one that all governments have struggled with him too tbf.
Equally though, I've known people with crappy lives in shithole areas that will vote Labour regardless of how their lot never changes under them any more than it does the Tories.
"UK comes bottom of G7 growth league"
I'm generally curious on how our economy is growing, because it's not and our national debt isn't being reduced either.
Voting Tory won't help them though Jippy and if Labour isn't working either then they're basically utterly screwed.
Me either. The thing is, I don't believe that attracting highly mobile multi-national companies to temporarily set up shop here does *that* much for the economy in the long haul.
The UK has some serious economic problems. I think there are whole classes of companies that we are missing:
- Car manufacturing; where is are our Fiat/BMW/Mercedes/Audi/Peugeot/Skoda/etc?
- Large Technology; where is our Apple/Microsoft/Google/etc
- The Internet; where is our Snap Chat/Twitter/Amazon/eBay/Netflix/Uber/etc
- Computers/TV/Phones; where is our Sony/Samsung/ASUS/Nokia/LG/HTC/etc
And that doesn't really even touch on wider manufacturing.
There are a couple of sectors where we do indeed punch above our weight; Banking for one, but in general the UK economy worries me.
You need home-grown companies to get the economy going. It's not enough to say "we are going to reduce corporation tax to 7% so that Apple open up a news-agents over here". That doesn't help as much as we'd like. Apple paid $15.8bn in Corporation Tax in the USA last year. I make that as 0.25% of the total US Goverment receipts last year, and that doesn't include workers wages (in every stage of production of their goods), sales tax, etc.
For many countries the larger home-grown companies are hugely important for their economy. We are sorely lacking a few modern giants. Many of our largest companies are formely state owned (BT, BAE, etc)
I don't know, I just don't think cutting corporation tax solves much. But equally, im happy to keep it at 20%
The IFS was against any party ruling out certain tax rises, cos it is so restrictive- if we have some form of financial crisis mkII, the government may have to take drastic measures to fill the coffers. Plus, if you don't raise VAT, you only have to put the squeeze on elsewhere.
Tbh, they need a broad review of VAT cos it isn't meant to be on essentials, so it's a joke tampons, sun cream etc...face VAT. Fine if it's on luxury goods because they are discretionary.
All this vid made me do is go on spotify and play Mo Money Mo Problems