Do We Really Need the VAT Hike?
Osborne’s budget has convinced the bond markets that this coalition is serious about tackling the deficit. The rally in gilts since the election and budget has been strong, taking 10-year yields down from 4% to 3% in three months, bringing down long term borrowing rates for mortgage holders and capital hungry growth businesses alike.
There has at the same time been a slew of negative-to-soft data on the economic front, given that the deficit cutting credibility of the government is firmly established, to the nigh on elation of the bond markets, Osborne has now earned a bit of leeway. Having already achieved fiscal credibility, if we do get more soft numbers on the economic front, he could afford to suspend the VAT hike due in January. If he goes ahead with the VAT hike and we do see a double-dip, Ed Balls will be well justified in blaming him for adding to the woes of the consumer. The VAT hike will take £13 billion of spending out of the economy.
David Smith, chairman of the Shadow Monetary Policy Committee group of independent economists, says his budget model calculates the move could increase unemployment by 235,000 over the next decade and reduce GDP by 1.4% over the same period. Do we really need to be reducing GDP at this time? The fiscal flagellation is no longer required to appease the gilt market…
George said we do ?
Best way to increase tax revenues for the Treasury? Reduce taxes.
Guidos focus group.
It’s been tried before, and worked. The more cash people have in their pockets, the more they can spend, thus stimulating the economy….
Sort of. Cash doesn’t disappear when its extorted from those who earn it. It’s just spent on things in less demand.
Not too sure if it will work anymore as most things people buy are imported. Might help service industries as long as they don’t import their labour.
Any Government that puts taxes up are led by Communists.
The crowning achievement of a spectacular rags-to-riches story was supposed to have taken place to the cheers of the Tory Party faithful.
David Rowland, estimated to be the 25th richest person in the country with a £730million fortune, was due to take up his appointment as Tory treasurer at the party’s annual conference in October.
There is no doubting how deeply Rowland coveted the role – but his dream is now in tatters.
Indeed, for a man who goes to great lengths to shun the limelight, agreeing to take such a high profile position was a great surprise.
Since, some very uncomfortable revelations about his business dealings and private life have come to light – and a man once described as a ‘shady financier’ on the floor of the House of Commons wishes to retreat back into his secret life.
In preparation for his high-profile position, he had relinquished his longstanding status as a tax exile in Guernsey and had returned to Britain.
http://www.dailymail.co.uk/debate/article-1304723/David-Rowland-Tax-exile-shady-financier–political-liability.html
To “A Tax Exile etc.” at 7:42pm.
See three threads ago, “A Spiv too Far”.
Ha ha ha ha ha ha ha ha ha!
It’s still funny.
How many things which people want to buy are still manufactured in the UK? So how many more jobs will this approach create?
Erm, no: unless you wilfully misread the Laffer curve.
And all the flight to gilts shows is investors are leving equity investment because they fear recession and deflation. Guido is out of his depth here.
I predict a fiasco.
ps.who won the caption contest?
No-one ever gets told unless there is a prize
HA HA Guido? Prize?
Guido wins the contest every week by not having to stump up for a t-shirt, nor the cost of postage, nor the fag of wrapping it up and toddling down to the post office counter, if there are any left open in the land now, and queuing up for bleeding hours to post the sodding thing. We in turn show him our indifference by posting world-class material that Murdoch would pay buckets of dosh for. We individually resolve this by inwardly acknowledging that some other bugger always wins with this form of contest, that the winner is never as witty as you, and that there must be something lacking in the judge’s perception and sense of humour (or otherwise). So we all end up happy.
I’ve got a better idea. Keep the VAT increase but cancel the increase in National Insurance. Don’t penalise job creation.
You are under the vastly mistaken impression that VAT is not a tax on work.
Hold on. Hold on. Hold on.
Guido gives the credit to Osborne for keeping the gilts market happy. But is it Osborne who has made US Treasuries surge, Japanese, German, Australian and Canadian bonds surge along with most corporate and municipal bonds in all corners of the earth – in major economies? Hardly likely.
The surge into bonds is caused by nothing other than the market’s perception that inflation is dead, and that deflation is bearing down on us all – hard.
The UK manages to keep inflation going by means of banks being permitted to overcharge, petrol prices being kept at all time high, gas too, even though gas has fallen from $14 to $4, and Crude oil is $73 today, down from $140 at the peak. Basically the government permits big business to screw us all over…meaning the EU.
In the US where the consumer is far more powerful than in the UK and the EU, inflation has been zero for the last three months, and the economy is on the verge of deflation. It would be exactly the same here if the big corporations and banks were properly supervised.
Sometimes Guido’s financial thoughts are a tad parochial.
The VAT or no question that he raises is a good one, I agree. I would cut income tax at the same time so that the economy rewards effort.
Fair point – nevertheless putting up consumer taxes when when growth is weak doesn’t look clever.
Food prices are pushing up inflation too.
Deflation you say?
Fucking perfect. Bring it on.
Stuff getting cheaper? I’m all in favour.
Start with house prices.
Because he’s a Communist.
Go away little loon.
Try and start a blog, so you cease to be a liar.
You must be a Communist.
kings like taxes.
I fucking love taxes, I eat them everyday!
Taxes discourage the division of labour. The division of labour is what drives civilization. When people start doing things for themselves (like dentistry, with pliers) because they can’t afford an expert, we’re in deep shit.
Making rich people richer, its what we do.
B*nkr*pting everybody. It’s what we do.
Equality for all. We’re all equally fucked thanks to Labour.
What we need is the feckless borrowers to suffer in the recession THEY created, rather than stealing from savers, and keeping all the bad money in the economy.
The theft by the collusion of the government, Bank of England, and banks of savers cash / plummeting private sector pension payouts should be punished by savers.
House prices are way out of control, and only a proper asset price crash in the price of houses will get the UK economy recovering.
Once the savers cash is gone / confiscated, what will prop up the ponzi UK house price economy then?
and if we dont put up vat we will have to raise other taxes ?
Of course it it is the Irish Party thing to do they raised it from 10% to 15% under Maggie, of it is the right thing to do! Do not argue with George he will get very angry and you will not like him when he gets angry.
And of course up to 17.5% under Little Major-Ball
It would be better not to raise VAT and get rid of universal benefits instead.
Do we need a VAT hike?
No, it’s the worst form of tax on employment.
and thus the worst for the economy.
I’m an economics mong, could you explain why raising VAT would be bad?
Who do you think Creates Added Value?
It’s employees. VAT is a tax on employment.
When you tax something, you get less of it.
And when you subsidise something you get more of it.
Hence record teenage pregnancy, long-term disability, record debt.
We really are utterly fucking incompetent.
Vote Labour.
I paid 1 pound for a loaf yesterday.I just had to pay 1.43 for the same .a 43% increase in less than 14 hours.Up VAT to 20% and the riots will start
Why??
I dont see whats so wrong with a VAT hike:
- we did not notice it go down when Labour dropped it as a gimmick
- its avoidable for the poor as long as they dont spend their dole on take-aways, Stella and plasm TVs
take aways?Its eating in gets the service charge.
I thought NI was the ‘tax on jobs Much more so than VAT surely?
If the VAT rise is shelved, how else do we raise the revenue? We certainly cannot continue as we are. Prudence may have been rogered senseless before being hung drawn and quartered by McBust but she should have a leading part to play in the nation’s shattered finances.
Employee NI is 11% & VAT is 20%, However I did forget employer NI @ 12%
So they are roughly equal.
Once you Add up.
Corporation Tax
VAT
Employer NI
Employee NI
Income Tax
You realise why the economy is so fucked.
BTW As aGeorgist I would always suggest an LVT.
Say 1% of the Land Value (i.e property price – cost of insuring).
Ah! I get my answer at last…..! I had asked you long ago what strand you supported but I never saw an answer. I think I am correct in saying that Georgism is the original form of LVT, posited by Henry George 1839-1897.
Wiki page: http://tinyurl.com/4ehsr6
Life of Henry George by his son, Henry George Jr: http://tinyurl.com/37d9d2n Just click on contents and it can be read chapter by chapter.
The page for International Union is here: http://tinyurl.com/2ufbxwc
The issue of LVT/Citizen’s Dividend is an interesting one. Being so different from what we experience, it requires some application to contemplate the effects that such a change would introduce although the basic idea itself appears pretty simple, at least to my thinking. My position is that I am not converted to it yet, but I could imagine becoming so. The practical steps required to bring about its introduction would be immense due to natural human inertia and vested interests which prey on such inertia.
AC1, you appear to be fighting its corner more now. If you believe in it, to the extent you obviously do, you could have given me the pointers I had requested. For those who want to explore the issue, I offer the above links as a modest start.
Indeed. And with all that tax coming in Brown was still borrowing money for the last ten years.
Totally fucked.
He had to borrow as no net wealth was being created in the economy due to taxation.
VAT is going up because Cameron is a Communist.
A millioniare communist.
The worst kind.
Oh yes AC1 Corporation tax. What a fiasco under the McMentalist. Gordon tried to encourage self employed to incorporate (makes the figures look good so they can claim NewLabour has encouraged the creation of new businesses). by offering small companies 0% for the first £10,000 profit, with a marginal rate up to £50,000 at which point it leveled at 19%. So lots of self employed window cleaners and people with low income took up the offer and invested in setting up their companies via accountants.
What happened next was unbelievable. Gordon realised that this meant the treasury was losing money – something that only he could not have foreseen – so he cancelled the policy leaving the businesses with the smallest profit (and therefore the most vulnarable) out of pocket or bunkrupt. Then increased corporation tax for small businesses to 22%. Fortunately, in the first coalition’s budget they reduced it by 1% – still relatively high by a step in the right direction.
Also in the last budget the coalition pledged to get rid of IR35. Increadibly the beancounters at HMRC seem to be redoubling their efforts at going after people with this legislation while they can despite rarely being successful, costing thye taxpayer a net loss because they target innocent people.
Rant over.
Thing is as well , most polls i have seen the public support cuts and the need to sort the deficit out , Your not by chance suggesting Darling was right are you ?
Or could we avoid a double dip by only rasieing it 1% instead of 2.5% ?
I expect it can explained as ’20% is much easier to work out than 18.5%’
A “Double Dip” recesssion is as much a certainty as Ed Miliband becoming leader of the Labour Party
In David Cameron’s words a “cast iron guarantee”
“Ed Balls will be well justified in blaming him for adding to the woes of the consumer.”
Who listens to a fuckin word he says ?
I do unfortunately…….
I know NuLab bints are pretty thick, but even you should understand the difference between ‘listening’ and ‘hearing’.
I recall during the election, proposing a 2.5% National Emergency Tax (NET) a catchall tax on all incomes, from welfare payments to high earners, no exception not even off-shore earners, a real catchall tax and added to this the same NET aplied to all after retail sales, that retailers not customer pay.
Tell this to George
I will be making a statement to the house at 16.30 about this .
Have a fizzy orange and shut the fuck up.
I can confirm if elected Prime minster i will raise vat on Window Lickers to pay for the Tory Debt .
This is the trouble when you get chancellors who are not economically trained, Brown and Osbourne both have History degrees – they wouldn’t get a job teaching economics to A Level students!
To them 2.5% is not a big deal, which it isn’t, but it damages consumer confidence. And I’m no economist, but I know the market is built on confidence.
Osborne, don’t be like Brown – admit a mistake and reverse this ludicrous decision.
They wouldn’t let any old sod off the street pilot a plane or drive a tank would they so why do we have to put up with letting people with no relevant qualifications take a job they are not qualified for?
The only way you can put money into the economy these days is getting pissed, smoking fags and shagging prostitutes everything bluddy else is owned by multi-nationals.
Oh yeah!
Round here we have a choice of Lidl, Iceland or Tesco Value whores, so it looks like they have the market sewn up…
Take the ‘Tesco Value’ whore. It’s just the ‘Tesco Finest’ whore in a cheaper dress.
Are they locally sourced or flown in from Kosovo?
Its our plan to own it all,then ration it to our slaves.
hmmm guido, what was your view regarding the VAT cut that Gordon introduced? The reality is the fiscal situation this country faces is a nightmare, and a combination of severe spending cuts and annoying tax rises are the only solution….I hope and pray the government sticks to its guns and these early (and rather meaningless) positive numbers on borrowing do not put it off the path of fiscal rectitude it has bravely chosen
I now buy things that used to be made in the UK but are now made in China.
When I buy these foreign made things I have to pay the government what will soon be a fifth of its value as tax and VAT Tax receipts are part of what is calculated to be the revenue that has to be paid annually to the EU.
Its like a quadruple-whammy: British manufacturing jobs have gone to China, British consumers have to pay VAT on top of the money paid to the importer (who in turn pays China), the environment is hammered shipping the goods here and then, to cap it all, because I consume, I end up being a net contributor to the EU who wants to regulate me to force me to be Green, fly the EU Flag and want me to pay more VAT.
It sounds like the script for a very successful comedy show but it ain’t funny!
you can’t even buy potassium nitrate,sulfur or other such objection now either.
When can I start
as fiddler said.it is beyond a joke……
the uk economy is a wasteland…….
we will never get back all the manufacturing jobs,banking and insurance,IT,telecoms etc that have been offshored…….
what the f+ck were george and dave doing while mcmental and other traitors allowed the uk to go down the plug-hole?
answer: zero!
stop taxing everything and giving our money away to every tom,dirk,mustapha,hans,didier und pedro!!!!!!!
we are enslaved yet everyone seems to bury their heads in the sand…….
These bastards gave me notice by text.
I bet the scumbags vote Tory
THE Beckhams have culled their staff by a third after a horrified accountant warned: “You’re pouring money down the drain.”
Read more: http://www.thesun.co.uk/sol/homepage/news/3103927/We-have-to-make-cutbecks.html#ixzz0x9rCnqDO
Surely the reason the gilt markets are pricing debt at 3% is precisely because of the VAT hike. Ie Cameron has shown he’s serious about cutting spending and increasing taxes to pay off Brown’s monstrous debt.
If Cameron cuts the VAT hike then the markets will begin to think he’s an economic incompetent afraid to take tough decisions. An incompetent from the same mould as the Maximum Imbecile.
It’s a chicken and egg deal.
All these number things and graph wotnots. I always found them very confusing.
We intended to raise the National Insurance tax because the lovely Gordo got away with doing this before. You see we promised not to raise tax but the foolish proles don’t realise that NI is a tax!
As for the markets, who gives a stuff, we don’t believe in them we are deficit deniers. If you deny this ficticious deficit then there won’t be a double dip recession, aum aum aum.
Just take some money back from all those criminal public sector pensions and use that to repay the debt instead – there’s more than enough to see us through until at least 2060!
Oh how I’d love to go for growth Guido but sacking all those lazy wasters is going to be hugely expensive. They’re set to walk away with massive payouts and colossal pension funds. Win, win, win!
So as a wealth generating middle Englander I can once again look forward to having a metaphorical fire extinguisher shuvved firmly up my arse without anesthetic.
Oh look here comes the Rat Catcher in his new Lamborghini!
The time to fire these characters was on Day one. I can’t believe they’re entitled to more than three months severence on average so although there’d be a big one-off hit buy the middle of September we’d be saving money hand over fist.
The fairest way to do it is to simply give ‘em the choice of everybody taking a 25% pay cut or 1 in 4 losing their jobs. Just get the entire public sector payroll alphabetically on a single USB and automatically fire one in four. No complaints about sexism, ageism or any of that shit.
Just fire every fourth one alphabetically.
Can’t be fairer than that.
Or a 25% paycut for everybody.
Your choice lads. Think it over.
could you please stand for parliament?
Stop with immediate effects any Bonus for any job in the Public sector for starters.
Quite ironic that Brown and Saint Cable go on about bankers bonuses when public sector workers are getting them.
just be a tax dodging expat twat
problem solved
Aup need any 2ft rats shooting? Made a mint in Bradford the other day.
Ah yes, staunchly diverse Bradford, a vibrant mixture of first and third world cultures, co-existing peacefully with a massive rat population. Heaven on Earth.
Can I watch that being shoved up your arse. Sounds great.
I’ve got a kilt
everyone should have a kilt
I’ve got a shotgun
Everyone should have a shotgun.
I have a tazer. Every copper should have a tazer. Oh, we have.
I dont like coppers
Back in your box Moaty, you fat bully.
I’ve got a burka
everyone should have a burka.
Especially Jacqui Smith! UGH!
Aye!
What is tax ?
We give up. What is it ?
In the UK it’s a punishment for doing something to help society.
Its what Mongs eat on a daily basis, mongs just like us!
Stop fucking moaning peasants.
Taxes are for poor people, not for Millionaire Tories.
Just cough up and stop fucking whingeing.
Rich people don’t pay tax.
You peasants will have to pay the deficit while we Tory millionaires on the front bench and our millionaire banker friends will protect our interests.
I have decided the ratio to reduce the deficit will be 80% service cuts and 20% tax increases so that we millionaires don’t pay our fair share in the deficit reduction.
If I wanted a fair and progressive budget I would of course have reversed that ratio and made it 80% tax increases and 20% service cuts.
But that would have cost us millionaires too much of our unearned income so I ditched that idea straight away.
After all, why should us millionaires pay our way when we can get you fucking peasants and cripples and low paid workders to pick up the tab?
Jolly good wheeze, isn’t it.
Yes
Yes what?
Oy Vey !!!!
Organizers of the Commonwealth Games called a press conference this week to talk about how prepared New Delhi was to host a sporting event for 71 countries. Instead, they fielded questions about how much they paid for toilet paper.
Allegations of corruption and mismanagement are overtaking a tournament that Prime Minister Manmohan Singh said would “signal to the world that India is rapidly marching ahead with confidence.” The Economic Times newspaper, citing internal documents, said organizers bought $80 rolls of toilet paper, $61 soap dispensers and $125 first-aid kits.
whoops, bet they are annoyed that got out.
Let’s see what the 2012 accounts look like, it would not surprise me one iota to see similar items on the list.
I suppose we can all reduce our vat bill by not buying so much.
That will teach them
Our family has reduced its tax bill by sover one hundred thousand pounds a year by the simple expedient of doing no fucking work.
50% tax?
Go fuck yourself.
Can’t fault you.
Pride is an expensive luxury that few can afford these days.
It’s been over 50% or years.
Add
Corp tax
ERNI
EENI
VAT
IncomeTax
and Inheritance tax
and you get rather fucked for creating.
You don’t pay any income tax so why are you complaining?
You’re such an idiot AC1.
There only doing it to get in line with the eu
just caught the end of the Michael Ball show – it was bollox – anyhow, that erstwhile labour luvvie Konnie Huq, who was a PPC until she pulled out earlier this year, was on it – she was stupid as fuck – she’ got a job on some Simon Cowell show without apparently even applying for it …. wouldn’t that be nice for the rest of the unemployed hey ?…. see it’s not what you know it’s who you know that still counts in UK2010
Konnie Huq?
Babe.
is she related to Inzaman ?
You would.
http://tvtrigger.files.wordpress.com/2010/07/konnie_huq.jpg
Cant even get her dress on the right way round
Nice eyes
Dodgy looking bottom teeth though.
Dont look at the mantel piece while poking the fire
Err, you would worry about getting a piece of skin caught in those snaggled teeth.
No pain no gain
She got those same scary eyes as Balls. Is it something genetic in NuLab?
its the crystal meths
I have mate. Likes a bit of the Gordon Brown backdoor action as well good girl init.
“And suddenly all my clothes fell off…”
You would do her with Ellie Gellard so that you would have one woman’s brain present.
Rather thick Babe whose only activity usually seems to involve silly publicity stunts whilst wearing low-cut tops.
Sorry, I forgot, she’s also a ‘celeb’ which explains everything.
PS I have absolutely nothing against low-cut tops, just the silly bints who wear them.
Yeah, but i get to cover those brown puppies with my ‘sticky white juice of delight’
Every fucking night.
I admire your stamina Mr B – and hers.
Konnie Labour Huq.
( . ) ( . )
How do you like my first US$ 100,000 speech ??
http://tinyurl.com/2vwkdbp
I don’t thing anyone’s interested Gordon.
* Think
There is no way he will reverse the VAT increase and nor should he. It is not a regressive Tax at all and it will not push us into a double dip.
Everyone and his mum is talking double dips, in fact we will not go into a double dip as we are bumping along in an L shaped slow recovery.
September will see Madness in the markets and the flight to Gilts will continue, I see the yield going down to 2.5% and VAT being seen unusually as a positive cap on inflationary trends in the wider sense. It will show commitment to balance budgets reduce historic high debt levels thus bearing down on real rates and thus inflation. In the short end it will add a small bit to inflation, but overall it will be positive.
I see the UK becoming the HK of Europe with major trade advantages of using the commonwealth.
I’d like to see the Treasury do something really off the radar and float UKFI or allow UKFI to issue convertible bonds linked to Lloyd’s and RBS holdings.
The bonds can have an interest above the current market and paid for by the income stream from the insurance fees and dividend income from both banks.
A quick 5 or 10 year Bond would generate a lot of interest and could be
designed for UK pension funds and individual private UK citizens.
I feel the UK is getting back to its best. And after the last shower I would not care if Balls says anything, he is a nutjob.
Like the bond idea.vat of 25% on luxury goods and brand name fashion clothing,the likes of the stuff trading standards go hunting for copies of in boot sales etc.But nothing on the necessities of life.
and a unicorn for every field.
My economic forecast:
Over the next six months, things will be quite a lot like they have been over the last six months, but not exactly the same.
And that, ladies and gentlemen, is as accurate as anybody can be. Any numerical forecast,where neither the mechanisms are fully understood, the equations soluble or the underlying data accurate, is merely a restatement of the assumptions made by the forecaster.
we know how much there is.
The VAT hike is needed so the Lib Dems can spend it on social projects.
A bit like Labour did, except on a smaller scale.
It makes them feel grown up & important.
Hi , My names Tim Lovejoy and i am a BBC legend who agrees with Guido about VAT .
No you aint , you was a bit funny with that blonde bird on sky a few years ago but apart from that you are a nobody !
No in fact you are a arsewip , A dip shit and a talantless wanker that should be shot up the arse !
thanks to Brown we all owe about 10,144 quid each.thats about 170 quid a month in repayment over 5 years.without interest. Now how could one of those pay all your debts by borrowing sort that out.
Ocean Finance, they even have their own TV channel so they must be good.
Right. So if I write HMRC a cheque for 10,144 quid will they stop fucking bothering me after I’ve paid my share?
EmiGreat.
no sorry,its the bankers you owe it to.
try again
THe Banks owe it to the Bondholders…
They’re the people who really got bailed out.
The bankers are wonderful people who never made billions out of selling worthless CDS and CLOs. I love sucking banker cock.
VAT and inflation increases will hit the poorest hardest.
The number of poor people in the UK is very, very small. By poor I mean all they have is a few possessions, no housings, little or no money.
Or do you mean poor as in have an iphone, PS2, smoke, drink, eat fast food constantly and wear polyester?
“Poor” people can pay VAT just like me, fuck them, fuck them all, scumbags.
Hear hear !
Hair Hair ?
The VAT hike will be nothing compared to the shitfest that inflation will be by year end. And that as a direct result of the last governments mismanagement of the economy. It is inflation, coupled with deliberately held down savings rates that will further increase the gap between the rich and the not-so rich. Sanity may return by 2012. Not before.
My savings rate is crap and with inflation its shrinking.
Brown is a fucking c*nt.
I’m going now, have a good weekend!
Hang on, hadn’t you noticed, Dave rules, OK??
My savings rate must be lower than yours but Dave has to keep interest rates down and f**k you to ensure speculators who borrowed up to the hilt are kept in the manner to which they have been accustomed.
That includes, amongst others, bankers on billion $ bonuses, hedge fund managers also paid billion $ bonuses and Buy to Let ‘entrepreneurs’ who have ramped up on cheap borrowing to but over inflated assets.
My answer, Up interest rates to 5% overnight and let the f**kers burn!
In view of the recent floods in P*kistan , The England and Wales cricket borad can confirm that the England and Wales team will donate the test match at the Oval to the P*kistan team .
This will be down by our batsmen under performing and giving there wickets away .
* Its also good for the preventon off terrorism
Yep. With a bit of luck the flood of Saudi cash to Pakistani terrorists will be diverted to buying a few tents and suchlike.
Can we jump that at a round a bout on the way out of town?
P*kistan needs a “fresh flood of support”. (Direct quote from his speech to the UN yesterday).
Nasa took a satilite photo of the area , Said it looked like a bowl of coco pops
Fuck off. Just fuck off. I should be UN Secretary General. I’ve donated billions to tin-pot African and Asian countries. Why do you think I did that? Out of the generosity of my fucking heart?
No.
To secure their vote when you fuck off.
So just fuck off already.
I’m going to be King of the World. And it didn’t cost me a penny.
Stick that in your fucking pipe Blair. King of the World.
Velly solly, sirry mistake. I meant no offence to the p*ki’s.
England look to be trying to wrap this loss up by teatime.
Clegg.Whats this,(holding 20 quid note up)?
Cameron.Its paper with the words 20 pounds on it.
Clegg.Exactly so whats the problem.
Cameron.None I’ll get printing.
if this government had any guts, it would put vat at 25%, with an uplift to compensate in pensions and benefits,and massively increase the point at which income tax and NI start.
If it had any brains it wouldn’t do what you suggest as it would shaft the economy.
When you start making a contribution to the economy you will be entitled to hold a view on the subject.
Until that time you will remain to be an economically inactive bullshitter.
Deary me, I’ve seen more brains in a bag’o'mongies
Why is it when you ask a government fuck a simple question you get referred to a complicated document or website.I asked what is the rate of business tax? I am still trawling through a shit website looking for the answer.
Now assimilate your comestibles you little shits or there’s no telly
you’ll never make an intern then
There is nothing called ‘business tax’ in the UK. There are many onerous taxes on business, but no ‘business tax’.
There is corporation tax though.
Begone now, I fucking hate you!
anyone got a tip for the nags tomorrow?
5/1 Corrie is on before Eastenders
2/1 day follows night
who was it a few weeks ago kept coming on every day with a horse and they all won,good odds too.
Put a punt on Man City beating Liverpool.
Might I take this opportunity to wish the England cricketers th every best of luck in the teat match taking place at the Oval.
If England lose I shall have no hesitation in calling a General Election as I regard it as a vote of confidence
Good Afternoon
Hairy muff
Can you please give Simon Hughes a smack? He’s annoying.
I reckon he’d enjoy that!
Don’t feed the mongs.
It would show character if Dave and George said they were postponing the VAT because economic data suggests it isn’t warranted (possibly damaging.)
Ed Miliband I’ve written to Nick Clegg, asking why he’s apparently abandoned his commitment to tackling tax avoidance http://bit.ly/cLZkov
Nick Clegg should write back asking him does he still support the Iraq war?
Whatever happened to Barefoot Contessa and Nell? They used to be fairly regular here.
The scum scared them away.
nell is now an ill wind or some such name
I’m off to Cape Cod to get some Cape Cock. My beloved wife is off to Kent to get some Canterbury C’unt.
I see Gordon Brown is on the gravy train. So much for charity work.
http://www.telegraph.co.uk/news/newstopics/politics/7952846/Gordon-Brown-in-line-to-make-100000-a-night-speeches.html
I dont blame him, its the stupid beggars who go to listen that need sorted out….
I could have sworn he said if he lost the election, he’d go into charity work and said he’s not interested in making money.
Oh, yes, this is where he said it, the day before the election with his beloved wife.
To avoid sitting through the whole ghastly spectacle, just go straight to 11:05 for where he makes his solemn promise to only do charity and voluntary work. And for utter hilarity, go to 8:35 where he tells us he loves his beloved wife. Aaaaah.
Charity begins at home comrades
Gordon Brown in tells-another-f*cking-lie-shocka.
Really, I thought we’d all have learnt by now to ignore anything that comes out of his wonky, lumpy pie-hole.
The way he keeps opening his mouth to breathe is a gross sight. Totally mongnacious.
Good on the Telegraph to pick a photo of McDoom where he looks his most mongtastic!
some of his mongiest pictures.
http://img831.imageshack.us/img831/9075/mong10.jpg
Christ on a bicycle, those are horrific pics. Glad I haven’t just eaten.
From the Telegraph article:
It was also speculated that Mr Brown may try to remain in international politics by seeking a role at the World Bank or International Monetary Fund.
I am delighted to announce that this is now “a done deal”
Charles Kennedy Considers Defection to Labour | As I Please | Big Think
bigthink.com
London: Westminster sources claim that the former leader of the Liberal Democrats, Charles Kennedy, has been discussing defecting to the Labour Party, with four or five Liberal Democrat colleagues. The reports have been confirmed by three separate sources, including one close to Ed Miliband’s Labour…
Oh Shit !!!
Former Liberal Democrat leader Charles Kennedy has found himself close to the top of the Twitter charts today after this tweet from joshuwahwah has been retweeted about a million times, “Three different sources now confirm Charles Kennedy and up to 5 other Liberals are to announce defection to Labour at the end of the month.”
“Oh Shit!!!”
You’ve got my attention.
Hope they have got the wine cellar restocked if he does come over.
No doubt they are persons of honour and will therefore resign their seats, so that they can stand for re-election in the Labour interest.
So Charles Kennedy thinks that the Labour party that destroyed the UK’s economy for a generation offers him a better change of re-election as a Scottish MP than being associated with the Tories.
No real surprise there.
These five other Liberal MPs. They’re Scottish MPs too I take it.
They defintely know what side their battered mars bar is cooking on
Obviously his priorities do not extend as far as caring for the country whose taxes no doubt raised all his neighbours while their daddies hit the swally! no its just a job charles isnt it ya selfish twat
Kennedy is on QT tonight.
I thought he was on the Bell’s.
He must be really out of it.
Oh, he was…
Something to do with Brokeback Coalition taking away benefits from unreformed alcoholics, mayhap?
Looks like Osborne and Couslon’s plan is working.
Until they’re left with a minority.
Is that “the plan”?
They don’t think the Lib Dems have anywhere else to go for five years and have locked themselves in.
I like having Gordie fart in my mouth. Yummy!
We know you do Tat.
Skloosh!
tat is such a sad looser, needs to get one really.
This woman obviously took a leaf out of Brown’s book on courage.
A woman branded “Britain’s most disgusting person” after urinating on a war memorial is on the run after fleeing court.
Wendy Lewis, 32, was given a “guard of dishonour” by angry war veterans – who she told to “**** off” when she appeared at Blackpool Magistrates’ Court.
But she fled the building 20 minutes later and a warrant has now been issued for her arrest.
Lewis had been caught on CCTV relieving herself on the Cenotaph in the town before performing a sex act on a man in public.
She was found guilty of outraging public decency at an earlier hearing and was expected to face a community service order.
But Lewis, who arrived 40 minutes late for her 9.30am court appointment, promptly disappeared 20 minutes later before her case was called on in court.
Earlier, Lewis, of Princess Street, Blackpool, had run the gauntlet of angry old soldiers when she first arrived.
She covered her face with a hood and lashed out at photographers and TV crews as she walked to the court building.
A handful of veterans, proudly wearing berets and campaign medals on their blazers lined the court steps to form the “guard of dishonour” for Lewis. They clapped and shouted, “Disgusting!” as she entered the building.
Police officers will be on the look-out for Lewis and if she is arrested this weekend will spend it in the cells until court resumes on Monday morning.
She’s been hired to write a book on Dignity, by the same people that hired Gordo to write a book on courage, and Polly Toynbee to write a book on unearned rewards.
Where’s Galloway? He usually defends this kind of behaviour, the fucking traitor.
thank you small dog
he really is a traitor who should have been grovelling at my feet like I did at Bush’s
http://abhm304.portfolios.cutlines.org/2010/05/one-law-for-them/
Colin Montgomerie has been caught up in a sex scandal involving two brasses and him dressing up in womens clobber?
Read more: http://www.millwall.vitalfootball.co.uk/forum/forums/thread-view.asp?tid=51328&posts=11#ixzz0xAfNxHup
this was the first injunction last week.you can’t fuck with the interweb. ha ha
http://www.afootballforum.com/forum/index.php?/topic/14434-gerrards-gagging-order/
It might explain why he had such a poor World Cup.
‘But now over to Andrew Marr for today’s review of The Sunday Papers.’ (which are going to be given the John Terry treatement, nothing to see, nothing to read….).
That’s his excuse sorted how do you explain the rest of the team having such a poor World Cup?
This is a breach of my super injunction.
‘Cosmetic Surgery’ by Norma Stitz
I’ve read it cover to cover
I think a VAT increase will slow down growth. I think decent poor people will struggle with both inflation and VAT hikes. The private sector will suffer. I hope the government has a rethink on VAT.
Far-right group still plans to hold ‘static’ bank holiday demonstration in Bradford
The home secretary, Theresa May, today authorised a ban on a planned march by far-right group the English Defence League (EDL), due to take place in Bradford later this month.
The blanket ban prevents any marches in the city over the August bank holiday weekend, when the EDL had said it was planning to stage a demonstration members described as “the big one”.
The Home Office said: “Having carefully balanced rights to protest against the need to ensure local communities and property are protected, the home secretary gave her consent to a Bradford council order banning any marches in the city over the bank holiday weekend.
http://www.guardian.co.uk/uk/2010/aug/20/english-defence-league-ban
Cow,shes a Muzzie lover.I’m getting my shit shovel out and going digging for May crap now.
She’s not a muzee lover. She’s just scared of what the fucking muzbots might do. That’s Labour’s legacy: a Britain where the Brits can’t protest in their own country. Allaaaaaah Akbaaaaaaar!
Theres only about four million of them, if it truly kicked off it would be game over for the pajama wearers.
They should eat some pork and shut the fuck up.
One morning on the A580 there appeared pigs heads on the fence posts,quite a large number of them,someone had been busy during the night putting them there. The local rag concluded it was a work of art.
add the illegals and its 10 m
she’s a coward so it’s labours fault innit?
http://www.officialteresamay.com/
She’s a ghastly piece of filth in fuck me shoes.
We own your country now! Your children eats the hal-als foods, our womens wear the burk-as, and soons we will force you to bans the alcohol and bans the christmas trees!! We wins!!!
Wallaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah!
bastard. I can’t find anything about her I disagree with,she voted against sex with under 16,and same sex shit.She ‘s guilty of deporting muzzees illegaly according to some Hull lawyer,I’m happy with her doing that.
BOLLOX.
http://www.guardian.co.uk/commentisfree/libertycentral/2010/aug/19/edl-demonstration-bradford
Just like my dad, I’m all right! I’m all right! I’m all right!
We own your country now! You can’t protestings in your own country anymores! Soons we will force you to bans the alcohols too!! We wins!!!
not long now until there are enough of us to be able to get away with going round raping your wifes and daughters.
Guido should be editor of The Financial Times.
Why is no one else floating this idea around? Have just come back from Switzerland where economy is booming. Never seen so many tower cranes in Zurich… and they have a 7.5 per cent VAT.
And while we are on UK tax policy, how about reducing corporate taxes in the North. That is the only way we are ever going to get the private sector going up North and finally wheen this region of 15m people off the public sector tit.
So how has austerity worked for Ireland? According to the article, not so well:
“Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 per cent last year and remains in recession.
“Joblessness in this country of 4.5 million is above 13 per cent, and the ranks of the long-term unemployed – those out of work for a year or more – have more than doubled, to 5.3 per cent.”
http://www.theglobeandmail.com/globe-investor/markets/markets-blog/ireland-austerity-gone-wrong/article1622863/
They were net exporters during the potato famine.
Strange how Guido has been keeping very quiet about this ?
I’m no one else but me sonny.
Go fuck yourself chum.
Yes the net fields were not hit by fungus
Only River dancing and nets kept Paddy alive
No chips but plentyof fish
Exporting nets is profitable?
After 8:00 p.m. the Beast is always pissed, take no notice.
Greece just got a few billion bung for rioting
that can’t be right???? the windowlickers seem so sure that maximum cuts as fast as possible must result in being rewarded by the mar k ets and a booming economy. why, it’s almost as if they were stupid tossers.
Ray Goslin, national hero, facing wasting-police-time charges, after killing a faggot.
Apparently he slit the throat of a fag whose arse was too slack. Can you blame him Ducky!
http://www.bbc.co.uk/news/uk-11039999
Whatever next? It will be soon a criminal offence to bring in orphans from Runamia to bum them to death.
It’s an offence to steal money from the public purse, but that didn’t stop MP’s.
It also didn’t stop the great British public returning 400+ of them to Parliament.
Civilisations go through a period of absurdity, shortly before collapse.
Here are some strange laws you can finger your mother to:
25. It is illegal for a cab in the City of London to carry rabid dogs or corpses.
24. It is illegal to die in the Houses of Parliament.
23. It is an act of treason to place a postage stamp bearing the British monarch upside down.
22. In France, it is forbidden to call a pig Napoleon.
21. Under the UK’s Tax Avoidance Schemes Regulations 2006, it is illegal not to tell the taxman anything you don’t want him to know, though you don’t have to tell him anything you don’t mind him knowing.
20. In Alabama, it is illegal for a driver to be blindfolded while driving a vehicle.
19. In Ohio, it is against state law to get a fish drunk.
18. Royal Navy ships that enter the Port of London must provide a barrel of rum to the Constable of the Tower of London.
17. In the UK, a pregnant woman can legally relieve herself anywhere she wants – even, if she so requests, in a policeman’s helmet.
16. In Lancashire, no person is permitted after being asked to stop by a constable on the seashore to incite a dog to bark.
15. In Miami, Florida, it is illegal to skateboard in a police station.
14. In Indonesia, the penalty for masturbation is decapitation.
13. In England, all men over the age of 14 must carry out two hours of longbow practice a day.
12. In London, Freemen are allowed to take a flock of sheep across London Bridge without being charged a toll; they are also allowed to drive geese down Cheapside.
11. In San Salvador, drunk drivers can be punished by death before a firing squad.
10. In the UK, a man who feels compelled to urinate in public can do so only if he aims for his rear wheel and keeps his right hand on his vehicle.
9. In Florida, unmarried women who parachute on Sundays can be jailed.
8. In Kentucky, it is illegal to carry a concealed weapon more than six-feet long.
7. In Chester, Welshmen are banned from entering the city before sunrise and from staying after sunset.
6. In the city of York, it is legal to murder a Scotsman within the ancient city walls, but only if he is carrying a bow and arrow.
5. In Boulder, Colorado, it is illegal to kill a bird within the city limits and also to “own” a pet – the town’s citizens, legally speaking, are merely “pet minders”.
4. In Vermont, women must obtain written permission from their husbands to wear false teeth.
3. In London, it is illegal to flag down a taxi if you have the plague.
2. In Bahrain, a male doctor may legally examine a woman’s genitals but is forbidden from looking directly at them during the examination; he may only see their reflection in a mirror.
1. The head of any dead whale found on the British coast is legally the property of the King; the tail, on the other hand, belongs to the Queen – in case she needs the bones for her corset.
It’s sad now that Britain is controlled by hook-nosed Nazi child-killing filth, that the only law is, hook-nosed Nazi can get away with any crime and humans are treated like dogs.
Archery contest in York,invite Brown to be a contestant and kill him.
Hey – would a muslim country that had something equal to 9/11 happen to it nearly ten years on let a macdonalds set-up shop near the site of the catastrophe? WOULD THEY FUCK!
I put fatwa on your infidel decadent western kafir head.
Oh yeah drink my chinese water. That’s piss to you, since it’s yellow – you fucking terrorist. Blow up your own house.
Wallaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah!
And please givings me free house and benefits. Thank you please.
Hahaha!
China is a huge ponzi scam.
true western pig its the easts turn now.
and they hold almost all of the US debt
the Saudis hold most of ours
What is the value of debt? merely a promise to pay.
Any detailed description of this phenomenon would baffle the layman, but any comprehensible explanation would insult an expert.
But believe me, short China if you can get a good price.
Any detailed description of this phenomenon would baffle the layman, but any comprehensible explanation would insult an expert.
But believe me, 5hort China if you can get a good p.r.i.c.e.
G.u.i.d.o. obviously wants financial tips before anyone else with the modding lol.
Vraiment, Pi55head, all is not well with our Chinese chums. Their attempts to grab natural resources in e.g. Africa will come back & bite them in the bum.
Gold, Silver or Iron ore will keep the wolves at bay if you can afford to buy it.
Also it’s not how much you pay for it but how much of the stuff you actually own that is important in the grand scheme of things.
Stay safe everyone
Well fuck me man while I just pop out and buy some gilts.
As far as the last leg up on your chart, Guido, I think you should show your readers the charts for FTSE 100, and maybe GBPUSD.
Gilts have gone up (thus driving long-term yields down) because there has been a move out of equities. Investors have more faith in the tax gathering ability of this government than the ability of companies to make a profit.
Sadly, the VAT rise IS needed along with every other revenue gathering means. There is going to be a massive rise in the demand of services as unemployment increases and the restrictions on benefits cause grater demand on security (police, prisons, etc) and healthcare.
The real fun is going to happen when the markets wise up and realise that their faith in the tax gathering ability of the UK government, that has supported Gilts, is unfounded.
O/T but what a fruitcake Ruth Deech has turned into. She said (on Any Questions, just now) that “muslims build on conquered land”. Wow, if that were true, I wonder where they got that idea – perhaps from the illegal Israeli settlements in the Occupied Territories going back 40 years.
And she confused Sikhs with Muslims.
Someone obviously doesn’t know history.
Ever heard of the Reconquista? Look it up and then think long and hard why it had to happen in the first place.
This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man’s number. Guido Fawkes is 666
No no no, I’m afraid your wrong mong, he was originally referring to Nero.
You remember that mad bad Roman emperor who burnt down half of Rome in the early AD’s?
Apparently he was the 666 evil cun*t of the book of revelations.
But as with anything in history its all down to the interpretation, so I guess in the end its completely up to you.
If my hats like a lampshade am I a coolie
never make a jib of a crane out of lead
hey Ingurlanders is it true you have der football team called Arschnell
The tried and trusted version of British democracy has weathered the storm of Parliamentary scandal, and the financiers are back in the black.
Ever get the feeling you’ve been had?
Tory upper class trick,been going down for years
I saved the World !
Why do we never see you and your adoring wife together anymore, Gordon?
It’s because I’m a gayman and she is (my wife) a rug muncher, and I’ll be making a statement to the house on these and many other issues tomorrow morning.
Thank you.
Where’s that hilarious BrokeBack sploot fellow? Is he off giving his Gordie a handjob while McDoom rips an evil fart in his face?
tat’s probably off gobbling tramps for crack money
I’m busy writing my $ 100,000 speeches. Here’s my first attempt http://tinyurl.com/2vwkdbp
It’s brilliant, don’t you think ?
we don’t give a shit what you do loser
Yawn zzzzzzzzzzzzzzzz
Here, try this, Dopey.
Sploop
fap fap fap fap fap
That’s Splooge!
Get your ejaculations right first time!
See me after school tatty batty twatty boy.
FFS, Mossad are posting self hating anti Israeli posts on order order.
Desperate stuff, guys.
Anyone for tennis?
so saddos missing me now
Not in the least old bean, keep it up!
no
That graph looks like the stream of piss I did out of my pox-riddles chlamydia muff onto the war memorial (sucking ledge) in Blackpool (Black-enamel-bastard-pool).
Gorgeous:
http://i.dailymail.co.uk/i/pix/2010/08/20/article-1304744-0ADB1CC3000005DC-793_468x520.jpg
I’d love be to be fistally flagellated by tat.
Reliving past glories, methinks.
I’d be happy to knock you out.
Yeah yeah, all talk sat behind your keyboard and monitor tat twat.
If I punched you in the chocolate starfish you’d soon fucking know about it!
Step we gaily, on we go,
Heel for heel and toe for toe
Arm in arm and row on row
oops wrong site .Nurse
Too much fizzy orange again Gordon?
Me and Sarah are wearing beards tonight, curled up on our rugs and powdering our noses till the early morn, we are truly in heaven!
Thank Gordy he’s gone, we can at last see the light at the end of the tunnel…
Fucking hell Guido this story is boring wank. You’re going off the ball. The medicine appears to have worked and the patient is opening their eyes. Game over.
Talk about the Labour Party teetering on bankrupcy – that I would read. Crack some funnies about how they should keep on borrowing to support their spending – thats their flagship policy isnt it? Borrow and spend your way out of a hole. I want to hear more about why the Cooperative Bank has supported them for so long despite getting the UK involved in illegal wars, selling peerages and taking dodgy donations Bernie Ecclestone etc. Coop is supposed to be an ethical bank – bollox to that theory.
Up the VAT and cut Income Tax. All taxes should allow personal descretion.Income Ta is theft.
Raise benefits !!
Ding ding round 57…
Some coming to a screen near you on The Party Channel. How ot make your party swing by this talentless, spineless Hunt, who couldn’t knife Brown.
http://www.bbc.co.uk/news/uk-politics-11042243
Funny how Call Me Dave or David Davis didn’t get this fawning guff on the world’s favourtite state run broadcaster.
No questions about his father’s tax affairs or his grandfather fighting for Communism in Poland in 1919-21.
What a twerp Miliblanks is. I’m delighted the prat has got the leadership stitched up
Labour gave you Child Credits
With the borrowed money of future generations…
“If he goes ahead with the VAT hike and we do see a double-dip”
IF ?????????? Ha ha ha.
It’s the way you tell ‘em.
Tory government = recession. I’d say by January.
With all this uncertaiinty people will want to leave this country but where do we go!!
Guido,
Do you really think it is a good idea to take economics advice from David Smith? A guy who wrote a series of comically bad articles pre-crisis and during the crisis for The Times that entirely missed the mess Labour had made of the economy, failed to understand the disastrous debt bubble, and failed to see how the housing bubble was going to tank the economy.
The guy is a total waste of space and has made a total fool of himself. Economists seem to get away with this only because everyone seems to have such short memories about how bad their predictions are.