politicalbetting.com » Blog Archive » Behind all the terrible COVID-19 statistics a story of two women that really touched me
The above was painted by my daughter-in-law, Lucille Smithson, who is a professional portrait painter based in Los Angeles and is producing a number of works relating to the coronavirus pandemic. This is what she wrote about this painting:
The video is fine. Intercourse is a perfectly reasonable word here.
No, he becomes unintelligible after saying it. He realises it's not the right word. Trump is going to smash him in the debates.
By Trump's impeccable oratory? Biden is a decent bloke. It shines through. Trump isn't. The debates will show this clearly. How will independents react?
Biden is mentally deficient. That's what people will realise at the debates. The media have done a very good job in the US at ignoring it but as soon as he's on live for longer than a quick soundbite it's going to be very obvious for everyone.
Because of course Trump never makes any verbal slip-ups.
I've always thought Biden was suffering from the earliest stages of dementia, but he performed surprisingly OK during the head-to-head debates with Sanders.
And, of course, the story out of any debate is more likely to be something Trump said that anything Biden says.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
Can we go back to discussing Covid deaths rather than the depressing subject of tax rises ?
The UK Government is going to borrow £300 billion this financial year. The response to this from the normally fiscally prudent Conservative Party is "keep borrowing".
At what point does anyone think restoring some kind of order to the public finances a good idea and how is it to be done? Spending cuts, a garage sale or are we going to have to contemplate tax rises?
For the better part of 40 years, no politician has been able to even whisper the possibility of raising taxes without a heap of vitriol (or worse) thrown down from the generally pro-Tory media. Oddly enough, given his electoral strength and a solid Parliamentary majority, Boris Johnson could probably push through higher taxes and get away with it.
Has tax actually come down that much in the last 40 years?
I'm not convinced. We've shifted the type of taxation from direct to indirect a bit but whacked up property and local taxes.
We are not lightly taxed.
You may be able to raise them a little bit more without choking off growth, but not much more.
Why would more taxes necessarily choke growth? Provided they are targeted at wealth they need not impact growth. Spending cuts are more likely to choke growth.
The video is fine. Intercourse is a perfectly reasonable word here.
No, he becomes unintelligible after saying it. He realises it's not the right word. Trump is going to smash him in the debates.
By Trump's impeccable oratory? Biden is a decent bloke. It shines through. Trump isn't. The debates will show this clearly. How will independents react?
Biden is mentally deficient. That's what people will realise at the debates. The media have done a very good job in the US at ignoring it but as soon as he's on live for longer than a quick soundbite it's going to be very obvious for everyone.
Because of course Trump never makes any verbal slip-ups.
I assume that Biden chunters his nonsense in a way suggesting an aged loose grasp (no telly here in Tom's Manor). That will not go down well.
Trump, on the other hand, speaks his utter nonsense with conviction, which convinces some folks. Indeed, the old saw that it's not what you say but how you say it applies especially to Trump who once said, I believe, that he could stand on New York’s Fifth Avenue “and shoot somebody” and still not lose voters. And he did get away with it.
Let's see if he can get away with advising bleach ingestion.
I am not commenting in this case but if a person were to die as a result of being illegally evicted from their home wouldn't there be a case to answer for manslaughter?
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
I hadn’t seen that polling, but that is a very good point. My observation from clients today is that many professional people are absolutely sick of it now.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not Theresa May or George Osborne but a Berlusconi style populist. None of these stories come from Boris aides.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
I hadn’t seen that polling, but that is a very good point. My observation from clients today is that many professional people are absolutely sick of it now.
So what? I'm sick of it but that doesn't mean I don't recognise the need for it to continue.
Also, say lockdown was ended tomorrow - would everyone go back to normal pre-covid activity levels? I don't think so.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
I was about to make a very similar point but far less succinctly. Thank you
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
I actually hope so, but I'm not sure. I think support for there being any cost to what is happening right now will rapidly disappear once people are actually asked to do so. There will always be someone else who should be paying, even now, and even when having good poll leads the government has acted awfully frightfully at the merest hint of upsetting any in its base. And people won't want baubles taken away. Not once the worst period is past us, even as it will roll on in a big way for some time.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
FPT - I'm not sure if this was commented on in the previous thread but if public opinion is now only 57/36% in favour of a firm lockdown as opposed to 90%+ in favour a month ago then it's changing fast.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
I hadn’t seen that polling, but that is a very good point. My observation from clients today is that many professional people are absolutely sick of it now.
So what? I'm sick of it but that doesn't mean I don't recognise the need for it to continue.
Also, say lockdown was ended tomorrow - would everyone go back to normal pre-covid activity levels? I don't think so.
Absolutely but I think that others may not be as sensible as you and have less patience. Rightly or wrongly, in the aggregate, such attitudes and behaviour have to be factored in.
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
HYUFD - the situation has changed. Taxes will need to rise and significantly to recover the nation's finance. Hopefully the focus will be on unearned wealth so increases to IHT, more tax on investment properties etc. But generally we all will have to pay more.
Plus - if the government is brave enough - a freeze on welfare, hopefully Boris' 80 seat majority will help with this!
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
"Boris and Sunak will borrow indefinitely"
I think it was Bill Clinton who said something about coming back as the bond markets.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
The only hard commitment in the manifesto was not to "raise the rate of income tax, VAT or National Insurance". Coronavirus is a genuine black swan event that could allow even that commitment to be ignored but in any event, the manifesto committed to limit "arbitrary tax advantages for the wealthiest in society" so there's a route for tax rises on the wealthy.
Tory MPs might not like it but neither will they like to see unfettered borrowing nor cuts in public services.
The families of bus drivers , shop workers, prison officers and other frontline staff who have died from coronavirus should be entitled to the £60,000 life assurance alongside those of healthcare workers, according to employees and unions.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
HYUFD - the situation has changed. Taxes will need to rise and significantly to recover the nation's finance. Hopefully the focus will be on unearned wealth so increases to IHT, more tax on investment properties etc. But generally we all will have to pay more.
Plus - if the government is brave enough - a freeze on welfare, hopefully Boris' 80 seat majority will help with this!
The situation has not changed. Taxes will not rise and certainly not deeply unpopular taxes like IHT.
For the umpteenth time Boris is a populist not a deficit hawk like Osborne or May
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
Agreed. NI for self-employed, NI for pensioners are both options.
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
Losing the savings interest rates and dividend allowance, increasing dividend tax to 20%, and making the banks and companies pay it direct, would also simplify tax returns for many people and reduce HMRC workload, as well as being fairer. I've never known HMRC get my income tax right since the new rules were brought in.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
The families of bus drivers , shop workers, prison officers and other frontline staff who have died from coronavirus should be entitled to the £60,000 life assurance alongside those of healthcare workers, according to employees and unions.
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
Yebbut - I fear for the mental health of those in that category. Some over 80s will just give up. Lockdown is hardly ideal for keeping dementure at bay either.
Good not to be wearing a mask tomorrow! Glad that Hancock put Sturgeon in her place! Can't Boris ensure that these regional 'initiatives' are stopped and that we only have one programme in place set at national ie UK level?
The families of bus drivers , shop workers, prison officers and other frontline staff who have died from coronavirus should be entitled to the £60,000 life assurance alongside those of healthcare workers, according to employees and unions.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
The Tory manifesto contained a commitment to keep the triple lock, Tory members also strongly support the marriage allowance.
We have a Tory majority and it will pursue Tory policies
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
Have you tried doing a bit of ML with it?
Yes, but there isn't really enough publicly accessible data to get anywhere useful.
Pension £12,500 Dividends £7,000 Bank interest £1,000
Total £20,500
Tax Bill = NIL!
Personal allowance £12,500. Dividend allowance £2,000. Interest allowance £1,000. And finally the clever one that nobody knows about: Starter rate 0% on first £5,000 of (remaining) savings income.
Plus of course they could have large amounts of ISA income and gains all also tax free!
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
There speaks the sensible wing of the Tory party.
BigG voted Labour in 1997 and 2001, he is a floating voter not the Tory base
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
Have you tried doing a bit of ML with it?
Yes, but there isn't really enough publicly accessible data to get anywhere useful.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
... as recognised by HMG who raised UC by £20 per week in the light of the Coronacrisis.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
There speaks the sensible wing of the Tory party.
BigG voted Labour in 1997 and 2001, he is a floating voter not the Tory base
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Wrong, IHT is deeply unpopular.
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
There are too many people on welfare who shouldn't be on it and it is a huge burden to the economy! All I am saying is keep it at current level ie no CPI increases for five years. I would like to go further but let's just do that, that will help reduce a bit of the debt.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
The only hard commitment in the manifesto was not to "raise the rate of income tax, VAT or National Insurance". Coronavirus is a genuine black swan event that could allow even that commitment to be ignored but in any event, the manifesto committed to limit "arbitrary tax advantages for the wealthiest in society" so there's a route for tax rises on the wealthy.
Tory MPs might not like it but neither will they like to see unfettered borrowing nor cuts in public services.
Tory MPs care about keeping their seats, they would prefer borrowing to raising taxes or cutting spending on the NHS and losing their seats
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Wrong, IHT is deeply unpopular.
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
There are too many people on welfare who shouldn't be on it and it is a huge burden to the economy! All I am saying is keep it at current level ie no CPI increases for five years. I would like to go further but let's just do that, that will help reduce a bit of the debt.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
The Tory manifesto contained a commitment to keep the triple lock, Tory members also strongly support the marriage allowance.
We have a Tory majority and it will pursue Tory policies
" I would freeze all welfare"
They've been frozen for years. Now you to freeze them some more?
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
Have you tried doing a bit of ML with it?
Yes, but there isn't really enough publicly accessible data to get anywhere useful.
Tried fitting a Gaussian Process? :-)
I've never done one in Tensorflow, so I'll have to look into it. My linear regression wasn't brilliant, because the data is too variable to come up with an accurate projection. It also hasn't helped that reporting has simultaneously more front loaded and there are odd days of adding a bunch of historical data, it really throws everything off course.
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
Yebbut - I fear for the mental health of those in that category. Some over 80s will just give up. Lockdown is hardly ideal for keeping dementure at bay either.
Before the lockdown the advice given to over 70s, those with certain health conditions and those at highest risk ie those getting the letters from NHS was 'advisory' and it still is albeit within the overall framework of the lockdown.
I expect it to stay 'advisory'; it is unreasonable to mandate these individuals must stay in, that would not be supported or enforceable. And would guarantee LAB a big GE win in 2024!
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
There speaks the sensible wing of the Tory party.
BigG voted Labour in 1997 and 2001, he is a floating voter not the Tory base
I am not a floating voter and those on here will just ridicule you for suggesting it
But we are very different conservatives, you a Trump leaning right winger, and me a compassionate liberal conservative
Indeed over time Boris is likely to leave the right in his wake as he creates a fair society with good public services and sensible tax increases to address the levels of unfairness we see
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
The Tory manifesto contained a commitment to keep the triple lock, Tory members also strongly support the marriage allowance.
We have a Tory majority and it will pursue Tory policies
" I would freeze all welfare"
They've been frozen for years. Now you to freeze them some more?
Welfare includes the state pension! Freeze that for five years.
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
It seems like they are saying it is not ok to treat age groups differently, even though the risks are demonstrably higher for certain groups, as though a principle of non-discrimination is being unacceptably breached.
I've uploaded all of the England by death date data into GCP, figuring out the best way to come up with a model. I've also written a script that will download the data at 2pm every day, parse the excel sheets into a csv and then extract the correct data for addition to the table (thank god for jupyter notebooks). Fingers crossed it will work properly.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
Have you tried doing a bit of ML with it?
Yes, but there isn't really enough publicly accessible data to get anywhere useful.
Tried fitting a Gaussian Process? :-)
I've never done one in Tensorflow, so I'll have to look into it. My linear regression wasn't brilliant, because the data is too variable to come up with an accurate projection. It also hasn't helped that reporting has simultaneously more front loaded and there are odd days of adding a bunch of historical data, it really throws everything off course.
Yes, freezing welfare is a possibility in places - child benefit has been frozen for 9 of the last 10 years with very little public protest.
There is another big saving which Govt will automatically make - no tax credits for any 3rd and subsequent children born after 5/4/17.
Every year this saving rises big time as children reaching 18 drop out of the system and no new children come in. Already 3/18 of such children are excluded - in 5 years time that is 8/18.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
I think you may find this has changed and taxes will rise but so will spending on the NHS
Taxes will not rise as the Tory manifesto Tory MPs were elected on made clear, Boris knows that and with a Tory majority of 80 Tory MPs elected on that manifesto will vote down any tax rises anyway
HYUFD - the situation has changed. Taxes will need to rise and significantly to recover the nation's finance. Hopefully the focus will be on unearned wealth so increases to IHT, more tax on investment properties etc. But generally we all will have to pay more.
Plus - if the government is brave enough - a freeze on welfare, hopefully Boris' 80 seat majority will help with this!
The situation has not changed. Taxes will not rise and certainly not deeply unpopular taxes like IHT.
Your first sentence bears no relation to the second. The situation the country finds itself in certainly has changed, it is not the economy that the party expected. That would justify changing position if they wanted. However, the point that the economic response will not change in the sense of significant tax rises even though the situation has changed is a separate point, and I think is likely to be right.
What causes the least amount of political pain in the short term?
Pension £12,500 Dividends £7,000 Bank interest £1,000
Total £20,500
Tax Bill = NIL!
Personal allowance £12,500. Dividend allowance £2,000. Interest allowance £1,000. And finally the clever one that nobody knows about: Starter rate 0% on first £5,000 of (remaining) savings income.
Plus of course they could have large amounts of ISA income and gains all also tax free!
Tax on dividends at 20% over 2k? and 40 % fir higher rate taxpayers?
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Wrong, IHT is deeply unpopular.
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
It seems like they are saying it is not ok to treat age groups differently, even though the risks are demonstrably higher for certain groups, as though a principle of non-discrimination is being unacceptably breached.
That's fine. We just point out that the risk of death is greater but there is nothing stopping you and you are welcome to go out and about if you prefer to risk an early grave.
It's probably worth emphasising that if pressure on hospital admissions increased then they would be lower priority for admission but that is probably too complex for those who ignore common sense.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
There are too many people on welfare who shouldn't be on it and it is a huge burden to the economy! All I am saying is keep it at current level ie no CPI increases for five years. I would like to go further but let's just do that, that will help reduce a bit of the debt.
Your evidence for that assertion is...?
Put it bluntly the country is full of spongers! I personally know someone who has claimed benefits for 20+ years due to 'health problems' and there is nothing wrong with her!
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
The Tory manifesto contained a commitment to keep the triple lock, Tory members also strongly support the marriage allowance.
We have a Tory majority and it will pursue Tory policies
" I would freeze all welfare"
They've been frozen for years. Now you to freeze them some more?
Welfare includes the state pension! Freeze that for five years.
Surely the answer is that Boris will put up taxes to some degree but it'll be ones that don't generate headlines and are less likely to be noticed.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances - Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
All good ideas - also get rid of the marriage allowance (why do we have this, its not the 1950s), scrap the Triple Lock. I would freeze all welfare and state pension for five years.
And make self employed pay their fair rate of NI.
Freezing welfare when the unemployment rate is likely to rise is a terrible idea.
There are too many people on welfare who shouldn't be on it and it is a huge burden to the economy! All I am saying is keep it at current level ie no CPI increases for five years. I would like to go further but let's just do that, that will help reduce a bit of the debt.
Your evidence for that assertion is...?
Put it bluntly the country is full of spongers! I personally know someone who has claimed benefits for 20+ years due to 'health problems' and there is nothing wrong with her!
Really? Assuming you aren't a Russian troll bot, how the hell have they managed to get through the regular (as in every few months in some cases) reviews of their health condition by third parties such as ATOS?
Longer lockdown for over-70s 'could create sense of victimisation'
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
It seems like they are saying it is not ok to treat age groups differently, even though the risks are demonstrably higher for certain groups, as though a principle of non-discrimination is being unacceptably breached.
Direct age discrimination under the Equality Act is unusual in that it can be objectively justified - unlike most other forms of discrimination. It has to be a proportionate means of achieving a legitimate aim though.
I wonder why Piers Morgan/Good Morning Britain/ITV think domestic violence during the lockdown is only worth less than three minutes of an eleven minute interview?
Is the message ITV are giving out that domestic violence is an unimportant and trivial matter?
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Wrong, IHT is deeply unpopular.
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Where did I mention IHT
I mentioned IHT because the Telegraph is involved in some kite flying about that tax this morning. 80% was the headline.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
There speaks the sensible wing of the Tory party.
BigG voted Labour in 1997 and 2001, he is a floating voter not the Tory base
I am not a floating voter and those on here will just ridicule you for suggesting it
But we are very different conservatives, you a Trump leaning right winger, and me a compassionate liberal conservative
Indeed over time Boris is likely to leave the right in his wake as he creates a fair society with good public services and sensible tax increases to address the levels of unfairness we see
You may be a wet lettuce conservative Big G but Boris is a raw steak conservative and committed to tax cuts.
This IHT story is a trial balloon. Expect many more such. The government is softeing up the Press and the reasonably off for the inevitable unavoidable fact that they are going to have to put their hands in their pockets. In some way shape or form. The numbers don't work otherwise. Either economically or electorally.
Not happening, Boris is ideologically opposed to putting up tax or cutting spending, he is not George Osborne but a Berlusconi style populist.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
A post that will age badly imho.
It won't, in economics terms Boris is George W Bush crossed with Silvio Berlusconi, he believes like Dick Cheney 'deficits don't matter'
You post with such certainty in an ever changing world
Taxes will rise
They will not, it would be the equivalent of George HW Bush betraying his 'no new taxes' pledge of 1988, the Tory base would rightly go mad and Tory MPs revolt en masse. Boris knows that
Taxes will rise and by popular demand.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
Wrong, IHT is deeply unpopular.
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Where did I mention IHT
I mentioned increasing IHT! Unearned wealth has to fund the bulk of these tax increases. Inheritances aren't earned. Let's do this to capital transfers too - the biggest problem in the London property market is caused by children buying flats primarily funded by mummy and daddy thus squeezing decent working class people out of the market. Let's tax that too!
Comments
Thieves have made off with all the motorway signs in Yorkshire.
Police are currently looking for Leeds.
I've always thought Biden was suffering from the earliest stages of dementia, but he performed surprisingly OK during the head-to-head debates with Sanders.
And, of course, the story out of any debate is more likely to be something Trump said that anything Biden says.
In some way shape or form.
The numbers don't work otherwise. Either economically or electorally.
Look for the fresh prints.
A 10% swing is all that it'd take to tip the scales now and that point should be reached in the next couple of weeks.
https://twitter.com/kylegriffin1/status/1255235384876978182
Trump, on the other hand, speaks his utter nonsense with conviction, which convinces some folks. Indeed, the old saw that it's not what you say but how you say it applies especially to Trump who once said, I believe, that he could stand on New York’s Fifth Avenue “and shoot somebody” and still not lose voters. And he did get away with it.
Let's see if he can get away with advising bleach ingestion.
Boris and Sunak will borrow indefinitely rather than put up tax or cut spending on the police, schools or NHS
Also, say lockdown was ended tomorrow - would everyone go back to normal pre-covid activity levels? I don't think so.
I think HYUFD is right about how they will react.
It has made the basic analysis a piece of piss though as I can now use the date_diff function and there's no manual copying and pasting involved. Unfortunately I've lost access to the company Looker account but I can use Datastudio so will look at some simple visualisations.
Plus - if the government is brave enough - a freeze on welfare, hopefully Boris' 80 seat majority will help with this!
Taxes will rise
I think it was Bill Clinton who said something about coming back as the bond markets.
So that means tax rates do not go up (for any tax). Instead what you do is:
- Freeze allowances
- Reduce reliefs
I would have thought a pretty significant cut to relief for pension contributions is the most obvious big revenue earner - maybe restrict to basic rate.
Also cut CGT allowance from £12,000 to say £1,500, reduce ISA limit from £20,000 to say £10,000.
Next maybe scrap 0% rate on first £5,000 of savings income, scrap £2,000 dividend allowance.
The list goes on - lots of things you can do that most people don't have faintest idea about.
Tory MPs might not like it but neither will they like to see unfettered borrowing nor cuts in public services.
The families of bus drivers , shop workers, prison officers and other frontline staff who have died from coronavirus should be entitled to the £60,000 life assurance alongside those of healthcare workers, according to employees and unions.
https://www.theguardian.com/world/2020/apr/28/calls-include-bus-drivers-60k-payouts-coronavirus-deaths
Before we know it will be anybody who died. And £60k won't be enough, it will be £100k.
For the umpteenth time Boris is a populist not a deficit hawk like Osborne or May
Caroline Abrahams, charity director at Age UK, said age alone should not determine people’s ability to go about their daily lives if the government decides to begin easing some of the restrictions.
https://www.theguardian.com/society/2020/apr/28/longer-lockdown-for-over-70s-could-create-sense-of-victimisation
Erhhh yes it should....I don't care how fit you think you are as an oldie, you are in much more likely to be big trouble if you get this and over 70.
You are talking of some right wingers in the party like yourself but they will be outvoted by the rest and a general consensus of equity that the wealthy have to pay more
And make self employed pay their fair rate of NI.
Yebbut - I fear for the mental health of those in that category. Some over 80s will just give up. Lockdown is hardly ideal for keeping dementure at bay either.
We have a Tory majority and it will pursue Tory policies
Pensioner has gross income:
Pension £12,500
Dividends £7,000
Bank interest £1,000
Total £20,500
Tax Bill = NIL!
Personal allowance £12,500. Dividend allowance £2,000. Interest allowance £1,000. And finally the clever one that nobody knows about: Starter rate 0% on first £5,000 of (remaining) savings income.
Plus of course they could have large amounts of ISA income and gains all also tax free!
Closing tax evasion loopholes is all the Tory manifesto promised not raising tax. That is what Labour governments do
Your evidence for that assertion is...?
They've been frozen for years. Now you to freeze them some more?
I expect it to stay 'advisory'; it is unreasonable to mandate these individuals must stay in, that would not be supported or enforceable. And would guarantee LAB a big GE win in 2024!
But we are very different conservatives, you a Trump leaning right winger, and me a compassionate liberal conservative
Indeed over time Boris is likely to leave the right in his wake as he creates a fair society with good public services and sensible tax increases to address the levels of unfairness we see
https://twitter.com/MsHelicat/status/1255244996699205632/photo/1
https://github.com/GPflow/GPflow
There is another big saving which Govt will automatically make - no tax credits for any 3rd and subsequent children born after 5/4/17.
Every year this saving rises big time as children reaching 18 drop out of the system and no new children come in. Already 3/18 of such children are excluded - in 5 years time that is 8/18.
Of course other big thing is raising pension age.
What causes the least amount of political pain in the short term?
It's probably worth emphasising that if pressure on hospital admissions increased then they would be lower priority for admission but that is probably too complex for those who ignore common sense.
Is the message ITV are giving out that domestic violence is an unimportant and trivial matter?
https://www.youtube.com/watch?v=aUNlmoCEVLU&t=319s
https://www.telegraph.co.uk/politics/2019/06/09/boris-johnsons-radical-plan-slash-income-tax-3million-raising/
We will also need to keep taxes low to get the economy growing again post lockdown anyway