Is Farage on the same planet as me, "the more you earn the less disposable income you have"
Presumably he means that marginal rates of tax tend to increase with greater earnings.
Yes, but that doesn't reduce your disposable income, we don't have over 100% marginal rates.
Yes we do. No one with kids earns between 100-115k unless they're borderline braindead.
Fair enough, if you have 4 kids or more, but that's not the general rule like Farage suggested.
Not about 4 kids. 1 kid will do it if they're young enough for free childcare. Being around there myself I am having to be quite cunning as Baby Dumbo gets close to 9 months...
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Its part of the cost to the employer of employing someone.
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if employers NI disappeared tomorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
and once again Farage picks out something he know will get votes - he is some performer
The student loan thing is particularly galling since (as I understand things, I’m sure there was a recent article about this in the Economist or somewhere similar?) it would have been /cheaper/ just to pay out student grants. But no, we had to create a complicated loan scheme with all the hideously expensive bureaucracy to go with it instead.
The student loan debacle is also one of the drivers behind the imminent collapse of the UK university sector because, despite a decade of inflation since the fee cap was put in place, the government has refused to increase it at all. So university fees are now the equivalent of £6500 in 2012. Unsurprisingly, things are starting to fall apart at the seams.
To be fair, and this is just unscientific feels, lefties seem much more into clapping and whooping for their side.its the inner righteousness that takes over their bodies.
The righties just sound like the primate house feeding time at Regent's Park, though. Vide Tory MPs at PMQ.
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
All Conservatives end up voting for Plaid eventually First HYUFD, now you. Casino will be along before long, pushing leaflets through doors in Treforest, sporting a little daffodil lapel pin, greeting people with a cheery "arrite butt?"
I am not voting Plaid believe you me
I am about to watch the leader of the Scottish Conservatives up close. He's been out telling people that he isn't on the Scottish Conservatives Management Board (he is), that they spoke to Duguid (they didn't), that he knew nothing about the vacancy, and that everyone is supporting him (as members resign from the party on Facebook in protest).
Penny apparently trying to pivot a Net Zero question into Labour tax rises. "My constituents cannot afford that" says the minister whose government has put taxes up to crazy levels and instigated a cost of living crisis which forces people in full time work to rely on foodbanks
She keeps going back to Sunak's tax lie, does she have a death wish?
Black and ethnic minority crime, he says. "Ofcourse everyone says we're racist."
This is the part when your friendly village rake Boulay talked about takes you aside in a nice corner, just man-to-man ofcourse, after everyone's had a few drinks, the evening's loosening up, and the waitresses are starting to look more appealing to the partygoers.
The losers tonight for me are Mordaunt, Rayner, and Farage
But overall doesn't it make us all despair at the quality of our politicians
We keep getting told they could make more in the private sector, I do wonder how many would if they didnt have mp on their cv and the ability to offer contacts. Not only that but reportedly 40% of mps are still unemployed a year after be de elected
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Its part of the cost to the employer of employing someone.
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if employers NI disappeared tomorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
Most likely they would go on higher profits initially and get swallowed up with inefficiencies in the longer term.
And what other taxes would you raise to replace Employer's NI, or would you just prefer to see public services gutted further?
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
All Conservatives end up voting for Plaid eventually First HYUFD, now you. Casino will be along before long, pushing leaflets through doors in Treforest, sporting a little daffodil lapel pin, greeting people with a cheery "arrite butt?"
I am not voting Plaid believe you me
I am about to watch the leader of the Scottish Conservatives up close. He's been out telling people that he isn't on the Scottish Conservatives Management Board (he is), that they spoke to Duguid (they didn't), that he knew nothing about the vacancy, and that everyone is supporting him (as members resign from the party on Facebook in protest).
It's true. We have rain, downpours, floods, streams, torrents, cloudbursts, spits, spates, smirr, sprinkles and sheets. It pours, flurries, falls and showers. I've known a few drizzles to break out in the midst of the monsoons, and we even once had a deluge.
Can shitty little England boast such climatological diversity? No.
Indeed. We had this thing called 'sunshine' with a run on Factor 50 in the chemist's, a few days ago.
It's true. We have rain, downpours, floods, streams, torrents, cloudbursts, spits, spates, smirr, sprinkles and sheets. It pours, flurries, falls and showers. I've known a few drizzles to break out in the midst of the monsoons, and we even once had a deluge.
Can shitty little England boast such climatological diversity? No.
And thats all in the same afternoon. Interspersed with baking sun, hail and fog.
I can only think Penny is pitching solely for the Conservative membership with this performance. She’s bidding to be next leader. She’s not appealing to the middle ground of British politics.
Daisy Cooper has been really good. Angela Rayner very understated, but that’s okay.
Farage fairly dull and old hat - heard it all before - but that’s just my opinion obvs.
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
All Conservatives end up voting for Plaid eventually First HYUFD, now you. Casino will be along before long, pushing leaflets through doors in Treforest, sporting a little daffodil lapel pin, greeting people with a cheery "arrite butt?"
I am not voting Plaid believe you me
I am about to watch the leader of the Scottish Conservatives up close. He's been out telling people that he isn't on the Scottish Conservatives Management Board (he is), that they spoke to Duguid (they didn't), that he knew nothing about the vacancy, and that everyone is supporting him (as members resign from the party on Facebook in protest).
Will you be reporting back?
Oh hell yes. I'm already doing the crazy thing by posting on here in the midst of an election campaign. Why would I stop?
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
And, unlike most of us, you are in the fortunate position of being able to vote for them. If HYUFD can do it, so can you ...
Indeed but I won't as I reject Independence
Butd you don't like Llafur and the Tories are, you claim, beyond you, so who else is there? It's not like the old days when Liberals, sheep, slate and chapel went together.
The losers tonight for me are Mordaunt, Rayner, and Farage
But overall doesn't it make us all despair at the quality of our politicians
We keep getting told they could make more in the private sector, I do wonder how many would if they didnt have mp on their cv and the ability to offer contacts. Not only that but reportedly 40% of mps are still unemployed a year after be de elected
Honestly, I think standing up in front of the cameras and an audience of millions, answering questions to which there are no palatable answers, surrounded by six people hoping you will fall flat on your face and ready to heckle at any time... I think that's a tough gig and not many could do it that well.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Penny Mordaunt is hectoring and constantly interrupting. Really hope she loses her seat. Ghastly woman.
Less of the misogyny please, referring to her sex as a derogatory point is beneath you. You could have said “ghastly person” but ghastly woman is so loaded with some retro sexist memories of “to the manor born” and all that.
I think the winners are the LibDems and Greens, because they get coverage they’re not otherwise getting much. The biggest losers are the likes of the Workers Party of Britain and Alba, who don’t get a voice.
I can only think Penny is pitching solely for the Conservative membership with this performance. She’s bidding to be next leader. She’s not appealing to the middle ground of British politics.
Daisy Cooper has been really good. Angela Rayner very understated, but that’s okay.
Farage fairly dull and old hat - heard it all before - but that’s just my opinion obvs.
The amount of air time each is getting is really varying.
Surprisibgly id say Flynn is getting less time than anyone. Daisy second last, and the Plaid bloke. Farage of course getting the most of the minor parties.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Its part of the cost to the employer of employing someone.
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if employers NI disappeared tomorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
Most likely they would go on higher profits initially and get swallowed up with inefficiencies in the longer term.
And what other taxes would you raise to replace Employer's NI, or would you just prefer to see public services gutted further?
Employers NI is.. fine. But it needs to be paid by all employers, including those who employ themselves & the likes of Uber too.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Its part of the cost to the employer of employing someone.
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if employers NI disappeared tomorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
Most likely they would go on higher profits initially and get swallowed up with inefficiencies in the longer term.
And what other taxes would you raise to replace Employer's NI, or would you just prefer to see public services gutted further?
I'm not saying I would get rid of it, merely pointing out the effect it has on employee wages.
Personally I think employers NI should be shown on payslips so that workers can see all the taxes being paid from their work.
And there are many other things that can get 'swallowed up with inefficiencies in the longer term'.
It's true. We have rain, downpours, floods, streams, torrents, cloudbursts, spits, spates, smirr, sprinkles and sheets. It pours, flurries, falls and showers. I've known a few drizzles to break out in the midst of the monsoons, and we even once had a deluge.
Can shitty little England boast such climatological diversity? No.
Indeed. We had this thing called 'sunshine' with a run on Factor 50 in the chemist's, a few days ago.
Well, taps aff means a lot of skin to cover, so you need a full tube. A lot of people over in Glesga are so pale they get sunburn from the aurora.
Penny Mordaunt is hectoring and constantly interrupting. Really hope she loses her seat. Ghastly woman.
Less of the misogyny please, referring to her sex as a derogatory point is beneath you. You could have said “ghastly person” but ghastly woman is so loaded with some retro sexist memories of “to the manor born” and all that.
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
And, unlike most of us, you are in the fortunate position of being able to vote for them. If HYUFD can do it, so can you ...
Indeed but I won't as I reject Independence
Butd you don't like Llafur and the Tories are, you claim, beyond you, so who else is there? It's not like the old days when Liberals, sheep, slate and chapel went together.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Just use a grenade round with delay initiation in the shotgun. Problem solved.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
I can only think Penny is pitching solely for the Conservative membership with this performance. She’s bidding to be next leader. She’s not appealing to the middle ground of British politics.
Daisy Cooper has been really good. Angela Rayner very understated, but that’s okay.
Farage fairly dull and old hat - heard it all before - but that’s just my opinion obvs.
Mordaunt has to hold her seat first, it was Labour in 1997
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
And, unlike most of us, you are in the fortunate position of being able to vote for them. If HYUFD can do it, so can you ...
Indeed but I won't as I reject Independence
Butd you don't like Llafur and the Tories are, you claim, beyond you, so who else is there? It's not like the old days when Liberals, sheep, slate and chapel went together.
The losers tonight for me are Mordaunt, Rayner, and Farage
But overall doesn't it make us all despair at the quality of our politicians
We keep getting told they could make more in the private sector, I do wonder how many would if they didnt have mp on their cv and the ability to offer contacts. Not only that but reportedly 40% of mps are still unemployed a year after be de elected
Honestly, I think standing up in front of the cameras and an audience of millions, answering questions to which there are no palatable answers, surrounded by six people hoping you will fall flat on your face and ready to heckle at any time... I think that's a tough gig and not many could do it that well.
Agreed. Even the minnows - Denyer, ap Iorwerth, and Farage - have done okay. No major disasters, and a much better debate than the Sunak/Starmer one on Wednesday.
Cultural non-translation to English-speaking countries.
Even in Europe older people vote more for the right, especially the conservative centre right, just younger people are more likely to vote more for extremes, hard right as well as far left
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
There was an excellent Mythbusters episode on this back in the day although I think it was couched in the movie trope of diving into water to hide from machine guns. Higher velocity bullets tend to break up on impact with water so provided you're a couple of feet down you're pretty safe. I think the exception was something like a .44 magnum, which has a high muzzle energy but a relatively low velocity due to the mass of the round and so got a bit further before losing its punch.
Finland doing the decent thing and scoring for us, since there seemed little danger of us doing it ourselves.
My local pub has offered a free shot for every goal Scotland scores at the Euros. Not sure if OGs count or not. Not sure they are feeling a need to insure the risk either.
I wonder how many have switched this off as it is wholly depressing and frankly Mordaunt v Rayner is embarrassing to watch
I am amazed but Plaid doing best for me
All Conservatives end up voting for Plaid eventually First HYUFD, now you. Casino will be along before long, pushing leaflets through doors in Treforest, sporting a little daffodil lapel pin, greeting people with a cheery "arrite butt?"
I voted for every Tory candidate, just there were 6 candidates to vote for and only 4 Tory candidates and Plaid were the only ones left to vote for and I always use every vote
Penny Mordaunt is hectoring and constantly interrupting. Really hope she loses her seat. Ghastly woman.
Less of the misogyny please, referring to her sex as a derogatory point is beneath you. You could have said “ghastly person” but ghastly woman is so loaded with some retro sexist memories of “to the manor born” and all that.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
and once again Farage picks out something he know will get votes - he is some performer
The student loan thing is particularly galling since (as I understand things, I’m sure there was a recent article about this in the Economist or somewhere similar?) it would have been /cheaper/ just to pay out student grants. But no, we had to create a complicated loan scheme with all the hideously expensive bureaucracy to go with it instead.
The student loan debacle is also one of the drivers behind the imminent collapse of the UK university sector because, despite a decade of inflation since the fee cap was put in place, the government has refused to increase it at all. So university fees are now the equivalent of £6500 in 2012. Unsurprisingly, things are starting to fall apart at the seams.
I vaguely remember claims back in 2011 that universities would compete to offer the best value and that £6000 would likely become the standard level of student fees with only the top places charging the top fees.
Instead they all decided to charge maximum fees with immediate effect.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
This is like asking “since when does income tax reduce your disposable income”. You cost your employer a pot of money per year & X% of that goes in taxes. Whether some portion of that X% appears on your P60 is irrelevant - it’s still an income tax.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Just use a grenade round with delay initiation in the shotgun. Problem solved.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Just use a grenade round with delay initiation in the shotgun. Problem solved.
A pedant writes.
In the past, after fish were caught, they were packaged to be sold in the market place. The fish were tightly packed into barrels filled with ice. If someone were to shoot into that barrel, they'd be guaranteed to hit one.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Shooting fish in a barrel though. One of these might help:
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Its part of the cost to the employer of employing someone.
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if eo mployers NI disappeared to oumorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
Most likely they would go on higher profits initially and get swallowed up with inefficiencies in the longer term.
And what other taxes would you raise to replace Employer's NI, or would you just prefer to see public services gutted further?
The problem is all public services seem to get over inflation funding but deliver less. Some may have a reason but not all. For example in real terms the nhs has more funding and more staff that 5 years back....the output is still lower. Now you might argue demographic change and possible right for the NHS its a difficult measure. However the same is true of most public services, they get over inflation funding and produce less output and it can't always be demographics
Penny Mordaunt is hectoring and constantly interrupting. Really hope she loses her seat. Ghastly woman.
Less of the misogyny please, referring to her sex as a derogatory point is beneath you. You could have said “ghastly person” but ghastly woman is so loaded with some retro sexist memories of “to the manor born” and all that.
I like how all the OnlyFans references were ok but "ghastly woman" was somehow noteworthy
Standard on here. Every day there are sexist remarks and highly sexual ones - all the bukkake stuff this morning being just one of zillions. And I go and refer to a member of my own sex as ghastly and a man steps in on me. Tsk.
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
and once again Farage picks out something he know will get votes - he is some performer
The student loan thing is particularly galling since (as I understand things, I’m sure there was a recent article about this in the Economist or somewhere similar?) it would have been /cheaper/ just to pay out student grants. But no, we had to create a complicated loan scheme with all the hideously expensive bureaucracy to go with it instead.
The student loan debacle is also one of the drivers behind the imminent collapse of the UK university sector because, despite a decade of inflation since the fee cap was put in place, the government has refused to increase it at all. So university fees are now the equivalent of £6500 in 2012. Unsurprisingly, things are starting to fall apart at the seams.
I vaguely remember claims back in 2011 that universities would compete to offer the best value and that £6000 would likely become the standard level of student fees with only the top places charging the top fees.
Instead they all decided to charge maximum fees with immediate effect.
& now they’re all charging £6.5k in real terms and universities are completely reliant on income from foreign students to keep the lights on. This is not a recipe for stability & economic growth.
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
Just use a grenade round with delay initiation in the shotgun. Problem solved.
A pedant writes.
In the past, after fish were caught, they were packaged to be sold in the market place. The fish were tightly packed into barrels filled with ice. If someone were to shoot into that barrel, they'd be guaranteed to hit one.
I’d get out more but I’m always on here.
Or, indeed, salt rather than ice. In which case the same would still apply.
It is quite amazing/unbelievable to be observing the likely death of the conservative party. However I do think it will be followed a few elections later by the death of the labour party.
Farage won that in my view but Mordaunt and Rayner held their own too. Flynn was OK, Plaid and LD and Green leaders just soundbites and no real presence
Farage must have the easiest job on that stage. He does what he does well, but it must be shooting fish in a barrel.
Never really understood that idiom. Unless the barrel is completely packed with fish, it would actually be quite hard to shoot one.
Also, the drag of water is really high. If you fire a bullet into a pool, it rapidly loses forward momentum. All the fish need to do is hang out near the bottom of the barrel. First thing they teach in fish school.
You watched Mythbusters too?
See Saving Private Ryan for factually incorrect version.
The losers tonight for me are Mordaunt, Rayner, and Farage
But overall doesn't it make us all despair at the quality of our politicians
We keep getting told they could make more in the private sector, I do wonder how many would if they didnt have mp on their cv and the ability to offer contacts. Not only that but reportedly 40% of mps are still unemployed a year after be de elected
Honestly, I think standing up in front of the cameras and an audience of millions, answering questions to which there are no palatable answers, surrounded by six people hoping you will fall flat on your face and ready to heckle at any time... I think that's a tough gig and not many could do it that well.
That makes them in your view worth a big salary....paula vennels just did the same
Farage’s stat on the number of people paying the 40p rate is remarkable if true.
I'm now in the 40p rate and I'm completely fine with it, I earn a decent wedge and happy to pay my fair share. I believe the old line "From each according to his ability, to each according to his needs" is a good one to follow.
Don’t forget that your employer is paying 13.8% NI on top of your salary for the privilege of employing you. Real income tax rates on employment are punishingly high in this country, especially for those making student loan payments (effectively a graduate tax), for whom the marginal rate (assuming a higher rate tax payer & including employers NI) is approx 63%. Even more if you’re paying off a post-grad loan as well.
We have become a high tax country with shitty public services.
Since when does the employers NI reduce your disposable income?
Since always. Its a direct tax on wages, which means firms pay lower wages as a result as they budget the tax as part of their costs.
Tax on wages are far too high in this country. Tax on unearned incomes are far too low.
Working for a living should never be taxed any higher than making a living through means other than working.
The government is in the doldrums, there's little record to run on, and morale is in the toilet - they are trying to inspire and rally people by being confident and aggressive.
It's probably one of the only options open to them, but it comes with its own risks.
Comments
Get rid of employers NI and the gross pay could increase 13.8% without costing the employer any more.
Now if employers NI disappeared tomorrow it would initially mean that the employer's cost would fall.
But in the medium to long term wages would rise until most or all of the employers national insurance cost instead went on higher wages.
https://www.eppingforestdc.gov.uk/general-election-candidates-announced/
The student loan debacle is also one of the drivers behind the imminent collapse of the UK university sector because, despite a decade of inflation since the fee cap was put in place, the government has refused to increase it at all. So university fees are now the equivalent of £6500 in 2012. Unsurprisingly, things are starting to fall apart at the seams.
Farage isn’t really that charismatic, is he?!
Oh god, Farage going full-on Daily Express "I'm not racist but..."
Black and ethnic minority crime, he says. "Ofcourse everyone says we're racist."
This is the part when your friendly village rake Boulay talked about takes you aside in a nice corner, just man-to-man ofcourse, after everyone's had a few drinks, the evening's loosening up, and the waitresses are starting to look more appealing to the partygoers.
And what other taxes would you raise to replace Employer's NI, or would you just prefer to see public services gutted further?
Daisy Cooper has been really good. Angela Rayner very understated, but that’s okay.
Farage fairly dull and old hat - heard it all before - but that’s just my opinion obvs.
https://www.bbc.co.uk/news/articles/cqqq952e3v6o
Cultural non-translation to English-speaking countries.
And the Tories. The Tories are also losing this.
Surprisibgly id say Flynn is getting less time than anyone. Daisy second last, and the Plaid bloke. Farage of course getting the most of the minor parties.
Personally I think employers NI should be shown on payslips so that workers can see all the taxes being paid from their work.
And there are many other things that can get 'swallowed up with inefficiencies in the longer term'.
Public spending increases for example.
https://www.sstaffs.gov.uk/sites/default/files/2024-06/SOPN__NOP_Stone, Great Wyrley and Penkridge.pdf
Makes this seat a possibility for the highest Tory share in the country, given that Reform probably would have done quite well if they'd stood.
lololz
My local pub has offered a free shot for every goal Scotland scores at the Euros. Not sure if OGs count or not. Not sure they are feeling a need to insure the risk either.
Instead they all decided to charge maximum fees with immediate effect.
In the past, after fish were caught, they were packaged to be sold in the market place. The fish were tightly packed into barrels filled with ice. If someone were to shoot into that barrel, they'd be guaranteed to hit one.
I’d get out more but I’m always on here.
https://en.wikipedia.org/wiki/APS_underwater_rifle
Penny = shouty Tory
They had 44 candidates last time.
However I do think it will be followed a few elections later by the death of the labour party.
Plaid - Windbag
Con - Poor
Lab - Poor
LD - Middling
SNP - Decent
Reform - Decent
Tax on wages are far too high in this country.
Tax on unearned incomes are far too low.
Working for a living should never be taxed any higher than making a living through means other than working.
It's probably one of the only options open to them, but it comes with its own risks.
I blame Rishi 😈