politicalbetting.com » Blog Archive » Seven days before the Midterms Trump sees a sharp drop in his

Alistair said:

The Trump admin's response to the synagogue shooting has been bad.

I can see a massive Jewish block vote against Republicans now as Kelly Ann Conway goes on TV and tries to downplay the specifically anti-semitic nature of the attack to try and reframe it as an general anti-religion attack.

Charles said:

Alistair said:

The Trump admin's response to the synagogue shooting has been bad.

I can see a massive Jewish block vote against Republicans now as Kelly Ann Conway goes on TV and tries to downplay the specifically anti-semitic nature of the attack to try and reframe it as an general anti-religion attack.

I though the Jewish community was heavily Dem skewed anyway - how much difference will it make?

rcs1000 said:

Charles said:

Alistair said:

The Trump admin's response to the synagogue shooting has been bad.

I can see a massive Jewish block vote against Republicans now as Kelly Ann Conway goes on TV and tries to downplay the specifically anti-semitic nature of the attack to try and reframe it as an general anti-religion attack.

I though the Jewish community was heavily Dem skewed anyway - how much difference will it make?

I see the Republican strongholds of Manhattan and Los Angeles under threat of turning Blue.

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

DecrepitJohnL said:

Still the question remains, do voters see Trump as part of or separate from the Republican Party? If the latter, it will be easy to rage against the president while voting for the GOP candidate for town dog catcher.

HYUFD said:

The GOP Congress has even worse ratings than Trump

Charles said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

Does someone have to post that story about the 10 friends in a pub again?

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

rcs1000 said:

Charles said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

Does someone have to post that story about the 10 friends in a pub again?

That was a ridiculous story. No way would I would I been seen dead in a pub.

rcs1000 said:

FrancisUrquhart said:

Not exactly surprising news,

Stark east-west divide in attitudes towards minorities in Europe
Report also flags gulf in attitudes on nationalism, abortion, gay rights and more

https://www.theguardian.com/world/2018/oct/29/stark-east-west-divide-attitudes-towards-minorities-europe-pew-report

What's interesting, though, is how quickly attitudes can change. Forty years ago, the idea that Ireland would be a land with legal abortions and gay marriage would have been inconceivable.

HYUFD said:

Trump's approval rating today is 40% with Gallup, that compares to 45% for Obama at this stage of his presidency just before the Democrats lost 63 seats in the House and 63% for George W Bush at the same stage of his presidency before the Republicans gained 8 seats in the House.
https://news.gallup.com/interactives/185273/r.aspx?g_source=WWWV7HP&g_medium=topic&g_campaign=tiles

Thus Trump's first midterms are far more likely to be closer to Obama's than George W Bush's.

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

RobD said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

What's that in relative terms?

RobD said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

What's that in relative terms?

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

Chris_A said:

... you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

Richard_Nabavi said:

Chris_A said:

... you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

I think we might be making some progress in understanding.

not_on_fire said:

HYUFD said:

Trump's approval rating today is 40% with Gallup, that compares to 45% for Obama at this stage of his presidency just before the Democrats lost 63 seats in the House and 63% for George W Bush at the same stage of his presidency before the Republicans gained 8 seats in the House.
https://news.gallup.com/interactives/185273/r.aspx?g_source=WWWV7HP&g_medium=topic&g_campaign=tiles

Thus Trump's first midterms are far more likely to be closer to Obama's than George W Bush's.

The November 2002 midterm elections were highly atypical as they took place soon after 9/11

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

NickPalmer said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

"What is NI?" (asking as a higher-rate 68-year-old in full-time employment). I appear to be due to get the entire £860, since over 65 one doesn't pay NI at all. I have no idea why being older gives me this benefit, but I look forward to being able to increase my Labour Party contributions.

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Richard_Nabavi said:

NickPalmer said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

"What is NI?" (asking as a higher-rate 68-year-old in full-time employment). I appear to be due to get the entire £860, since over 65 one doesn't pay NI at all. I have no idea why being older gives me this benefit, but I look forward to being able to increase my Labour Party contributions.

It's completely mad. I simply don't understand why neither Labour nor Conservative Chancellors have removed this anomaly. It looks like that rarest thing: a fiscal no-brainer which would raise money and to which no-one could reasonably object. What's more, it's only going to get more of an anomaly as more people choose to work after retirement age.

Richard_Nabavi said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

It's most skewed towards the recipients of Universal Credit, van drivers, and those just on the edge of the higher-rate band.

The particular figures quoted look rather odd, though. Where does the £20 average gain for basic-rate taxpayers come from?

Richard_Nabavi said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Hammond has increased it from £7.83/hour to £8.21/hour from next April (4.9% increase)

Big_G_NorthWales said:

Chris_A said:

Charles said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

This explains your conundrum quite nicely

https://www.moorestephens.co.uk/msuk/moore-stephens-south/news/april-2016/the-tax-system-explained-using-a-beer-analogy

Rubbish. If Hammond had increase the personal allowance and left the higher rate threshhold unchanged every single tax payer would have benefited by £130. He could then have used the money frittered away on handouts to the rich by putting it into schools or social care, for example. He could also have perhaps increased the personal allowance even more and given every taxpayer a £150 reduction and you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

How do you define the rich

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Maybe with respect you should know because you do not seem to realise how much it is rising. The figure is 4.9%

Also you seem to imply £50,000 income makes somene rich. As a matter of interest do yo know how much train drivers earn

Big_G_NorthWales said:

Chris_A said:

Richard_Nabavi said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

It's most skewed towards the recipients of Universal Credit, van drivers, and those just on the edge of the higher-rate band.

The particular figures quoted look rather odd, though. Where does the £20 average gain for basic-rate taxpayers come from?

From the government's own analysis https://www.gov.uk/government/publications/income-tax-personal-allowance-and-basic-rate-limit-from-2019-to-2020/income-tax-personal-allowance-and-basic-rate-limit-from-2019-20

And everyone on the national living wage will receive a 4.9% rise in their pay

You seem to want to ignore that. Also looks like train drivers are 'rich' in your world

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Maybe with respect you should know because you do not seem to realise how much it is rising. The figure is 4.9%

Also you seem to imply £50,000 income makes somene rich. As a matter of interest do yo know how much train drivers earn

I don't care how they earn it - anyone earning £50k per year is rich.

Big_G_NorthWales said:

Chris_A said:

Richard_Nabavi said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

It's most skewed towards the recipients of Universal Credit, van drivers, and those just on the edge of the higher-rate band.

The particular figures quoted look rather odd, though. Where does the £20 average gain for basic-rate taxpayers come from?

From the government's own analysis https://www.gov.uk/government/publications/income-tax-personal-allowance-and-basic-rate-limit-from-2019-to-2020/income-tax-personal-allowance-and-basic-rate-limit-from-2019-20

And everyone on the national living wage will receive a 4.9% rise in their pay

You seem to want to ignore that. Also looks like train drivers are 'rich' in your world

Cyclefree said:

If a prevailing culture can change one way, it can also change again in a very different direction. We should never be complacent about the liberties we have won. People often assume that all change will necessarily be progressive. And that ain’t necessarily so. There are some trends now which make me worried about whether in 40 or 50 years Western society will be as liberal and free as it is now.

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Richard_Nabavi said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

It's most skewed towards the recipients of Universal Credit, van drivers, and those just on the edge of the higher-rate band.

The particular figures quoted look rather odd, though. Where does the £20 average gain for basic-rate taxpayers come from?

From the government's own analysis https://www.gov.uk/government/publications/income-tax-personal-allowance-and-basic-rate-limit-from-2019-to-2020/income-tax-personal-allowance-and-basic-rate-limit-from-2019-20

And everyone on the national living wage will receive a 4.9% rise in their pay

You seem to want to ignore that. Also looks like train drivers are 'rich' in your world

I'm not ignoring it but if you're already getting £8.30 per hour it's not going to benefit you.

This will give a 4.9% rise to millions of carers, hospitality workers, and many people just managing

Foxy said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Charles said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

This explains your conundrum quite nicely

https://www.moorestephens.co.uk/msuk/moore-stephens-south/news/april-2016/the-tax-system-explained-using-a-beer-analogy

Rubbish. If Hammond had increase the personal allowance and left the higher rate threshhold unchanged every single tax payer would have benefited by £130. He could then have used the money frittered away on handouts to the rich by putting it into schools or social care, for example. He could also have perhaps increased the personal allowance even more and given every taxpayer a £150 reduction and you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

How do you define the rich

Certainly anyone on the 88% centile of earnings is rich and it's sophistry to pretend otherwise.

The left do not like anything to do with success and resent even train drivers, senior nurses, teachers, police officers, and fire service personal earning £50,000 plus and snear at them as rich

The true politics of envy

Largely a matter of definition. £50 000 is nearly twice median national household income, so not unreasonable to classify as rich.

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Richard_Nabavi said:

IanB2 said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

You need to knock the extra NI off to get the true comparison. But shockingly skewed towards the better off, nevertheless. Something Labour might have spotted a tad earlier.

It's most skewed towards the recipients of Universal Credit, van drivers, and those just on the edge of the higher-rate band.

The particular figures quoted look rather odd, though. Where does the £20 average gain for basic-rate taxpayers come from?

From the government's own analysis https://www.gov.uk/government/publications/income-tax-personal-allowance-and-basic-rate-limit-from-2019-to-2020/income-tax-personal-allowance-and-basic-rate-limit-from-2019-20

And everyone on the national living wage will receive a 4.9% rise in their pay

You seem to want to ignore that. Also looks like train drivers are 'rich' in your world

I'm not ignoring it but if you're already getting £8.30 per hour it's not going to benefit you.

This will give a 4.9% rise to millions of carers, hospitality workers, and many people just managing

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Maybe with respect you should know because you do not seem to realise how much it is rising. The figure is 4.9%

Also you seem to imply £50,000 income makes somene rich. As a matter of interest do yo know how much train drivers earn

I don't care how they earn it - anyone earning £50k per year is rich.

You are sad

.
So £50k is a middle income earner is it?

Richard_Nabavi said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Charles said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

This explains your conundrum quite nicely

https://www.moorestephens.co.uk/msuk/moore-stephens-south/news/april-2016/the-tax-system-explained-using-a-beer-analogy

Rubbish. If Hammond had increase the personal allowance and left the higher rate threshhold unchanged every single tax payer would have benefited by £130. He could then have used the money frittered away on handouts to the rich by putting it into schools or social care, for example. He could also have perhaps increased the personal allowance even more and given every taxpayer a £150 reduction and you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

How do you define the rich

Certainly anyone on the 88% centile of earnings is rich and it's sophistry to pretend otherwise.

The left do not like anything to do with success and resent even train drivers, senior nurses, teachers, police officers, and fire service personal earning £50,000 plus and snear at them as rich

The true politics of envy

Not quite true, they support them if they are on strike for even more money.

Chris_A said:

Oh incidentally personal allowances have been frozen for 2020/21 so it'll be partially clawed back then.

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Maybe with respect you should know because you do not seem to realise how much it is rising. The figure is 4.9%

Also you seem to imply £50,000 income makes somene rich. As a matter of interest do yo know how much train drivers earn

I don't care how they earn it - anyone earning £50k per year is rich.

You are sad

Chris_A said:

Richard_Nabavi said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Charles said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

This explains your conundrum quite nicely

https://www.moorestephens.co.uk/msuk/moore-stephens-south/news/april-2016/the-tax-system-explained-using-a-beer-analogy

Rubbish. If Hammond had increase the personal allowance and left the higher rate threshhold unchanged every single tax payer would have benefited by £130. He could then have used the money frittered away on handouts to the rich by putting it into schools or social care, for example. He could also have perhaps increased the personal allowance even more and given every taxpayer a £150 reduction and you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

How do you define the rich

Certainly anyone on the 88% centile of earnings is rich and it's sophistry to pretend otherwise.

The left do not like anything to do with success and resent even train drivers, senior nurses, teachers, police officers, and fire service personal earning £50,000 plus and snear at them as rich

The true politics of envy

Not quite true, they support them if they are on strike for even more money.

I'm not sneering at what anyone earns I'm sneering at people like you who think that £50k is a normal salary. It isn't.

MikeL said:

There has been a lot of talk about UC but what about the general freeze on benefits like child benefit and child tax credits?

I don't think these were mentioned at all - implying freeze continues?

But I would have thought media would be quick to say that a continuing benefit freeze would imply austerity is continuing?

RoyalBlue said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.

That was not my question. How much will a person earn pe annum on the new national lving wage compared to this year and add on top the increased the personal allowance

No idea what the new minimum wage is.

Maybe with respect you should know because you do not seem to realise how much it is rising. The figure is 4.9%

Also you seem to imply £50,000 income makes somene rich. As a matter of interest do yo know how much train drivers earn

I don't care how they earn it - anyone earning £50k per year is rich.

You are sad

Harsh words from you @Big_G_NorthWales !

Richard_Nabavi said:

Chris_A said:

Richard_Nabavi said:

Big_G_NorthWales said:

Chris_A said:

Big_G_NorthWales said:

Chris_A said:

Charles said:

Chris_A said:

Sorry back to the Budghet. Huffpost's view

The comparative impact in 2020 and 2021 is even more stark. “A basic rate taxpayer will have an average gain of £20. A higher rate taxpayer will have an average real gain of £228,” the Treasury admits in the small print. £228 is an astonishing 11 times greater benefit. The most telling thing came when Hammond hailed all this as “a tax cut for 32 million people”. It turns out that was made up of 26.1 million on lower incomes getting a small tax break, and 4.1 million better off earners getting a much bigger payout. You could call it a tax policy for the few, not the many.

This explains your conundrum quite nicely

https://www.moorestephens.co.uk/msuk/moore-stephens-south/news/april-2016/the-tax-system-explained-using-a-beer-analogy

Rubbish. If Hammond had increase the personal allowance and left the higher rate threshhold unchanged every single tax payer would have benefited by £130. He could then have used the money frittered away on handouts to the rich by putting it into schools or social care, for example. He could also have perhaps increased the personal allowance even more and given every taxpayer a £150 reduction and you can bet your life that extra £20 would be far more valuable to the minimum wage earner than the rich on £50k.

How do you define the rich

Certainly anyone on the 88% centile of earnings is rich and it's sophistry to pretend otherwise.

The left do not like anything to do with success and resent even train drivers, senior nurses, teachers, police officers, and fire service personal earning £50,000 plus and snear at them as rich

The true politics of envy

Not quite true, they support them if they are on strike for even more money.

I'm not sneering at what anyone earns I'm sneering at people like you who think that £50k is a normal salary. It isn't.

When did I say that?

NickPalmer said:

Incidentally, Ipsos-MORI, while still showing a Tory 2-point lead (39-27) is the second poll in a week to show a sharp recovery in Corbyn's rating (+5.5 net, back level with May). 28% thinking he's good isn't wonderful, but it looks as though the depths of the summer are behind him. The historical charts are interesting, too - essentially only Blair and Cameron managed to stay popular for long.

https://www.ipsos.com/sites/default/files/ct/news/documents/2018-10/pm-slides-oct-18.pdf

Chris_A said:

Big_G_NorthWales said:

Question

How much will someone on the increased national living wage from april and the new personal allowance gain on say a 35 hour week

All basic rate tax payers will gain £130 per year in income tax. All higher rate tax payers will gain £860 per year.