More Tory lies

[The Mighty Thor]

2 minutes ago, Japan Jambo said:

 

 

Wow, knew you guys were experts on everything but hadn't realised you had a lifetime of experience in this area too. Apart from fundamentally misunderstanding how the cap works, why it was implemented and quite how many people were impacted by it you're also all in on the myth that salaried employees can somehow evade taxes.

 

 

The 'salaried employees' have been getting cap evading emoluments in the form of stock options and other tax neutral benefits since the implementation of the cap. It's how the companies have retained their services.

 

The notion that suddenly these high earning individuals are suddenly going to hand over 50% of their huge bonuses is fanciful and frankly laughable. 

 

The City has lost ground & relevance and as it's seen by the current government with their twisted economic ideology as the 'engine room' of the UK economy they bizarrely seem to think that unshackling the bonuses will trickle it's way through the UK economy and suddenly we'll be able to afford the 40 new hospitals, 50,000 new police officers, 50,000 new nurses.

 

All from a pool of 230,000 city of London staff?

 

You don't need to be an expert. It's just counting. 

 

 

 

 

[Dazo]

1 hour ago, briever said:

 

Of course they can, they can get their bonuses paid in shares etc. 

 

 

You pay tax when you sell the shares brain box. 😂

[briever]

18 minutes ago, Dazo said:

You pay tax when you sell the shares brain box. 😂

 

Oh FFS go have a lie down or something.

[Dazo]

8 minutes ago, briever said:

 

Oh FFS go have a lie down or something.

I shall as soon as you finish my tax return for me. Reckon you can save me thousands. 😊

[Footballfirst]

1 hour ago, Dazo said:

You pay tax when you sell the shares brain box. 😂

There are various share schemes that are "tax efficient" i.e. reduce your tax liability against paying PAYE and NIC on a cash bonus.

[Dazo]

14 minutes ago, Footballfirst said:

There are various share schemes that are "tax efficient" i.e. reduce your tax liability against paying PAYE and NIC on a cash bonus.

Of course there are, we buy hundreds of pounds worth of shares in a bank every month. Getting shares as a bonus does not evade tax as implied though. 😊

[Dusk_Till_Dawn]

7 hours ago, The Mighty Thor said:

Oh thank the lord for that.

 

I'm so glad that the Tories are taking care of the really important stuff instead of worrying about small shit like freezing and starving.

 

 

And there you have it. Barely a fortnight into Truss’ reign and these nonces are prioritising bankers bonuses. Quelle surprise 

[Don Dan]

On present trends, the average Slovenian household will be better off than its British counterpart by 2024 © Bloomberg John Burn-Murdoch 10 HOURS AGO 620 Where would you rather live? A society where the rich are extraordinarily rich and the poor are very poor, or one where the rich are merely very well off but even those on the lowest incomes also enjoy a decent standard of living? For all but the most ardent free-market libertarians, the answer would be the latter. Research has consistently shown that while most people express a desire for some distance between top and bottom, they would rather live in considerably more equal societies than they do at present. Many would even opt for the more egalitarian society if the overall pie was smaller than in a less equal one. On this basis, it follows that one good way to evaluate which countries are better places to live than others is to ask: is life good for everyone there, or is it only good for rich people? To find the answer, we can look at how people at different points on the income distribution compare to their peers elsewhere. If you’re a proud Brit or American, you may want to look away now. Starting at the top of the ladder, Britons enjoy very high living standards by virtually any benchmark. Last year the top-earning 3 per cent of UK households each took home about £84,000 after tax, equivalent to $125,000 after adjusting for price differences between countries. This puts Britain’s highest earners narrowly behind the wealthiest Germans and Norwegians and comfortably among the global elite. So what happens when we move down the rungs? For Norway, it’s a consistently rosy picture. The top 10 per cent rank second for living standards among the top deciles in all countries; the median Norwegian household ranks second among all national averages, and all the way down at the other end, Norway’s poorest 5 per cent are the most prosperous bottom 5 per cent in the world. Norway is a good place to live, whether you are rich or poor. Britain is a different story. While the top earners rank fifth, the average household ranks 12th and the poorest 5 per cent rank 15th. Far from simply losing touch with their western European peers, last year the lowest-earning bracket of British households had a standard of living that was 20 per cent weaker than their counterparts in Slovenia.

 

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https://www.ft.com/content/ef265420-45e8-497b-b308-c951baa68945?sharetype=blocked

To be clear, the US data show that both broad-based growth and the equal distribution of its proceeds matter for wellbeing. Five years of healthy pre-pandemic growth in US living standards across the distribution lifted all boats, a trend that was conspicuously absent in the UK. But redistributing the gains more evenly would have a far more transformative impact on quality of life for millions. The growth spurt boosted incomes of the bottom decile of US households by roughly an extra 10 per cent. But transpose Norway’s inequality gradient on to the US, and the poorest decile of Americans would be a further 40 per cent better off while the top decile would remain richer than the top of almost every other country on the planet. Our leaders are of course right to target economic growth, but to wave away concerns about the distribution of a decent standard of living — which is what income inequality essentially measures — is to be disinterested in the lives of millions. Until those gradients are made less steep, the UK and US will remain poor societies with pockets of rich people.

https://www.ft.com/content/ef265420-45e8-497b-b308-c951baa68945?sharetype=blocked

Edited September 16, 2022 by Imaman

[Cade]

So far we've had:

 

>remove green levies

>uncap banker's bonuses

>tax cuts for the rich

>frack everywhere

 

[briever]

Just now, Cade said:

So far we've had:

 

>remove green levies

>uncap banker's bonuses

>tax cuts for the rich

>frack everywhere

 

 

Remove of animal welfare regulations in the pipeline.

[The Mighty Thor]

13 minutes ago, Cade said:

So far we've had:

 

>remove green levies

>uncap banker's bonuses

>tax cuts for the rich

>frack everywhere

 

A bonfire of regulayshuns

 

 

[Don Dan]

The Tories drive to wreck the UK is unstoppable at the moment. 

Sterling slid to its lowest level since 1985 against the dollar on Friday after a round of weaker than expected data on UK retail sales amplified concerns that the country was headed for a prolonged recession. The pound dropped 0.8 per cent in London trading to $1.137, the first time it has breached the $1.14 mark in almost four decades, according to Refinitiv data. The decline, which comes 30 years to the day since “Black Wednesday”, when sterling crashed out of the European Exchange Rate Mechanism, reflected broad strength in the dollar as well as particular concern about the state of the UK economy. Sterling was off about 0.4 per cent against the euro at €1.142, its weakest level since early 2021. Retail sales fell sharply in August as UK consumers struggled with soaring prices and high energy costs, according to data published on Friday by the Office for National Statistics. The quantity of goods bought in the UK fell 1.6 per cent between July and August, reversing a small expansion in the previous month. This was a larger drop than the 0.5 per cent contraction forecast by economists polled by Reuters and the largest fall since July 2021, when Covid-19 restrictions on hospitality were lifted. Olivia Cross, economist at Capital Economics, said the figures suggested “that the downward momentum is gathering speed” and supported her view that “the economy is already in recession”. The ONS said that “rising prices and cost of living” were affecting sales volumes, which have continued a downward trend since the summer of 2021, following the reopening of the economy after pandemic lockdowns.

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https://www.ft.com/content/e8f0dd45-7480-4e27-a590-a94651b7ac61

The figures highlighted how high inflation has hit consumers and the wider economy. The government’s £150bn energy support package announced this month is expected to limit the blow from the recent surge in gas prices, but it did not dispel the risk of a recession. Victoria Scholar, head of investment at Interactive Investor, said the fact that sterling fell against both the dollar and euro on Friday showed “this is not a dollar move . . . but in fact it is traders selling the pound amid negative sentiment towards the UK’s economic outlook and investment case”. Bank of England data also show that the effective sterling exchange rate, a measure that is weighted to take into account its competitiveness against major trading partners, has declined 6.5 per cent since the start of the year. The gauge is still above the historic lows it reached in 2020 and 2016. The BoE is expected to raise interest rates for the seventh consecutive time at its meeting next week as it deals with an inflation rate nearly five times its 2 per cent target. However, the weak retail sales figures could steer the BoE towards a 0.5 percentage point rate rise when policymakers meet next week, rather than a 0.75 percentage point increase some had expected, said Gabriella Dickens, senior UK economist at Pantheon Macroeconomics. The US Federal Reserve is broadly expected to raise rates by at least 0.75 percentage points next week and a smaller BoE rate rise could further dent the allure of holding the pound. In a sign of the struggles for the UK economy, the quantity of goods bought by consumers was almost down to pre-pandemic levels from a peak of nearly 10 per cent above in April 2021.

 

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https://www.ft.com/content/e8f0dd45-7480-4e27-a590-a94651b7ac61

All main sectors fell over the month, but non-food stores were the biggest driver. This is because of large sales drops in department stores, down 2.7 per cent, household goods stores, down 1.1 per cent and clothing stores, down 0.6 per cent. Notable declines in sports equipment, furniture and lighting gave “an indication of the types of items consumers push to the bottom of their priority list in difficult times”, said Sophie Lund-Yates, analyst at the financial services company Hargreaves Lansdown. Online sales also fell sharply, by 2.6 per cent, with food being the third biggest component of the monthly decline. Recommended Linda Yueh A coherent growth strategy would be good news for sterling While food sales were particularly affected by the reopening of the hospitality sector, the ONS reported that “in recent months, retailers have highlighted that they are seeing a decline in volumes sold because of increased food prices and cost of living impacts”. Fuel sales also dropped 1.7 per cent, and were 9 per cent below their pre-pandemic levels, reflecting the impact of soaring prices at the pump on car trips despite some easing in August prices compared with the previous month. Lynda Petherick, retail lead at the consultancy Accenture, said that “with a difficult winter to come, it will come as a worry to retailers that shoppers have already reined in their spending despite the hot summer”.

 

[manaliveits105]

Comrades take the long weekend aff - it will do you the world of good 

[Konrad von Carstein]

2 hours ago, manaliveits105 said:

Comrades take the long weekend aff - it will do you the world of good 

Right back atcha serf 

[manaliveits105]

😡

[FWJ]

But hey, we got Brexit done - so that’s good, isn’t it?

 

Isn’t it?

[Victorian]

The Torygraph is agitating for inheritance to be scrapped.  Or perhaps acting as the agent for briefing it out.  

 

That's right.  All of that accumulated wealth that should have been subjected to fairer tax while it was being accumulated to now be protected from deferred taxation.  

 

Levelling up.  One nation.  In it together.  

[Konrad von Carstein]

47 minutes ago, manaliveits105 said:

😡

[Mikey1874]

As above

 

 

[Mikey1874]

 

[FWJ]

Thatcher still casting a long shadow in this country.  And it’s only going to get worse.  The only question is: How bad will it get?

Edited September 17, 2022 by FWJ

[Cade]

Tax cuts to be geographic in nature, with "investment zones" enjoying tax cuts whilst everybody else doesn't.

 

Place yer bets on the "investment zones" being Tory safe seats or swing seats, with Labour strongholds being left out.

 

 

[HartleyLegend3]

Oh! Those Westminster cheeky scamps. 😍 

 

Remember, Nicola Sturgeon is worse, all politicians are the same, rule Britannia.  

 

 

[HartleyLegend3]

8 minutes ago, HartleyLegend3 said:

Oh! Those Westminster cheeky scamps. 😍 

 

Remember, Nicola Sturgeon is worse, all politicians are the same, rule Britannia.  

 

 

Found in the same thread. 

 

This hedge fund manager backed brexit ? 

 

Doesn't exactly say how he backed it but suggestions he donated to Bojo, then later Truss and kwasi. 

 

Edited September 25, 2022 by HartleyLegend3

[The Mighty Thor]

5 hours ago, HartleyLegend3 said:

Found in the same thread. 

 

This hedge fund manager backed brexit ? 

 

Doesn't exactly say how he backed it but suggestions he donated to Bojo, then later Truss and kwasi. 

 

I wonder what constitutes insider trading when Truss and Kwarteng are having cosy meetings with bankers and hedge fund managers a few days ahead of a budget after which the arse falls out the pound? 🤔

[Roxy Hearts]

48 minutes ago, The Mighty Thor said:

I wonder what constitutes insider trading when Truss and Kwarteng are having cosy meetings with bankers and hedge fund managers a few days ahead of a budget after which the arse falls out the pound? 🤔

Something will happen and it will all be rosy again. The pound will rise, inflation down etc, etc and we'll be told the economy is in recovery. Just the same old pish after the normal and continued mishandling.  Need to fool the gullible!

[Unknown user]

Just now, Roxy Hearts said:

Something will happen and it will all be rosy again. The pound will rise, inflation down etc, etc and we'll be told the economy is in recovery. Just the same old pish after the normal and continued mishandling.  Need to fool the gullible!

There'll be a brief lull before the next election, and they'll go full Tory once they win again.

[HartleyLegend3]

47 minutes ago, Smithee said:

There'll be a brief lull before the next election, and they'll go full Tory once they win again.

The mind boggles that folks still support Westminster.  

[Dagger Is Back]

On 17/09/2022 at 12:19, FWJ said:

Thatcher still casting a long shadow in this country.  And it’s only going to get worse.  The only question is: How bad will it get?

Yip. That old bag played a key role in ‘Great’ Britain being what it is today.

[luckydug]

Meanwhile the Labour Party wanting to be seen as Patriotic by singing GSK at the start of conference. 

What happened to the Red Flag ? 

[Roxy Hearts]

1 hour ago, Smithee said:

There'll be a brief lull before the next election, and they'll go full Tory once they win again.

Regurgitate, regurgitate. Westminster as always, regardless who's in charge.

[JudyJudyJudy]

1 hour ago, Smithee said:

There'll be a brief lull before the next election, and they'll go full Tory once they win again.

Frightening to actually think what they will be like if they do get back in 

[dobmisterdobster]

48 minutes ago, luckydug said:

Meanwhile the Labour Party wanting to be seen as Patriotic by singing GSK at the start of conference. 

What happened to the Red Flag ? 

 

Refreshing to see British instead of Palestinian flags. It's a step in the right direction if nothing else.

[JudyJudyJudy]

53 minutes ago, luckydug said:

Meanwhile the Labour Party wanting to be seen as Patriotic by singing GSK at the start of conference. 

What happened to the Red Flag ? 

Shows how low they have sunk really . Lost their identity 

[manaliveits105]

1 hour ago, JudyJudyJudy said:

Frightening to actually think what they will be like if they do get back in 

They will - take that to the Bank 

[JudyJudyJudy]

7 minutes ago, manaliveits105 said:

They will - take that to the Bank 

I agree that they will get back in . 

[JudyJudyJudy]

8 minutes ago, manaliveits105 said:

They will - take that to the Bank 

Mainly due to the ineffectiveness of the opposition

[dobmisterdobster]

 

 

 

 

[manaliveits105]

44 minutes ago, dobmisterdobster said:

 

 

 

 

[maroonlegions]

On 16/09/2022 at 16:19, manaliveits105 said:

Comrades take the long weekend aff - it will do you the world of good 

Aye nae problem.

 

Then you can bang on with yer selfservatisium . 

[maroonlegions]

22 hours ago, dobmisterdobster said:

 

Refreshing to see British instead of Palestinian flags. It's a step in the right direction if nothing else.

Try telling that the Palestinian mother and fathers whose  kids run the  gauntlet of Israeli sniper gun fire on their way to school.

 

Refreshing aye.   

Edited September 26, 2022 by maroonlegions

[The Old Tolbooth]

[dobmisterdobster]

1 hour ago, maroonlegions said:

Try telling that the Palestinian mother and fathers whose  kids run the  gauntlet of Israeli sniper gun fire on their way to school.

 

Refreshing aye.   

 

How you do there fellow working class people?

 

[manaliveits105]

Solidarity comrades solidarity 

[Unknown user]

1 hour ago, The Old Tolbooth said:

There really should be piss running down his leg 

[JudyJudyJudy]

2 hours ago, maroonlegions said:

Try telling that the Palestinian mother and fathers whose  kids run the  gauntlet of Israeli sniper gun fire on their way to school.

 

Refreshing aye.   

well said. 👍

[Nucky Thompson]

2 hours ago, maroonlegions said:

Try telling that the Palestinian mother and fathers whose  kids run the  gauntlet of Israeli sniper gun fire on their way to school.

 

Refreshing aye.   

Maybe you should go to Parkhead and sit with the green brigade?

 

[briever]

1 hour ago, Nucky Thompson said:

Maybe you should go to Parkhead and sit with the green brigade?

 

 

Because you show compassion towards Palestinian children?

[Ked]

4 hours ago, maroonlegions said:

Try telling that the Palestinian mother and fathers whose  kids run the  gauntlet of Israeli sniper gun fire on their way to school.

 

Refreshing aye.   

The Palestinian  children run a gauntlet of wankers who are used by Israeli and Islamic sponsored walks.

Palestinians are pawns and victims of both Israel and the ****wit regimes that use them for their own ends.

 

Does that not suit your student politics ?

 

Do you support the regimes that constantly hold back any peace for the normal Joe that just want to go ro work shag their wife and feed their bairns and watch the fitba.

 

There is no moral highground.

[luckydug]

3 hours ago, dobmisterdobster said:

 

How you do there fellow working class people?

 

A future Tory leader in 2042 😁

Remind you of anyone ? 🤔