Don’t mind me. Just limbering up so I can join in the inevitable mental gymnastics in this thread.
>aided by the highest January figure for self-assessment income tax receipts since monthly records began in April 1999.
This is going to be partly because of the number of people like me who claimed the last two covid payments in 2021 because the year started badly but then had a very good last 6 months as the economy got going again. A lot of it is going to be tax on government handouts rather than a sign of a stong economy.
One of the great mysteries of the last year is how Hunt managed to convince the tories that he had to stay as chancellor during the leadership race. Incredible con job by him
– Give very little meaningful support to people in a energy crisis, but still tax people
– Tax breaks to all the large companies so we don’t hurt their CEO’s who happen to align to the government
– tax the lower and middle class to the point where no significant savings occur – remember it’s 20% VAT
– significant cuts to public services
SURPrIsE When wE AcTuALLy mADE MoneY – MaYBE We SHoUlD KeEp tHIS GoInG…
Good News! rejoice peasants
Austerity is working as intended.
Surely this is the consequence of raising the tax burden to its highest level ever and then not raising public sector spending by anything close to inflation.
“I predict I’ll lose 30kg in a month!”
Next month
“I lost less than predicted!”
Its not hard to make mad predictions to make a headline.
DFS do it all the time. Psst, the sofa was never £899, or if it was it was for 24hrs in october.
So now the surplus will be used to pay nurses right? RIGHT?!
EXCLUSIVE LEAK of the convo between Sunak and Hunt about the surplus:
Hunt: Why don’t you explain this to me like I’m five.
Sunak: Your mommy and daddy give you 10 dollars to open up a lemonade stand. So you go out and you buy cups and you buy lemons and you buy sugar. And now you find out that it only costs you nine dollars.
Hunt: Ho-oh!
Sunak: So you have an extra dollar.
Hunt: Yeah.
Sunak: So you can give that dollar back to mommy and daddy, but guess what? Next summer…
Hunt: I’ll be six.
That’s kinda what happens when you cut everyone’s budget by billions. You spend less money.
It’s also what happens when you decide that public sector pay can’t get close to inflation.
It’s all ideological bullshit.
How can someone predict these things and be £30bn out? It couldn’t possibly be a Tory or Tory supporter trying to make them look good by being so far under their “borrowing budget”
No buzzwords in this reply to get all the crappy bitcoin spammer bits to reply
“BAE Systems are delighted to announce a newly signed government contract worth £30bn to supply the Ukrainian Airforce with 250 Eurofighter Typhoons…”
With less than two years to go to a General Election it’s not surprising that the government is squeezing spending hard and as a consequence borrowing less than forecast.
Presumably the April budget next year will see the taps being opened in order to hose down the voting public with money ready for a summer General Election and another glorious five years for Rishi to battle against trans rights, political correctness gone mad at children’s book publishers and one last big push to stop asylum seekers crossing the channel. The Real Priorities of the Great British Public.
And it still big deficit of £116.9bn 2022 to 2023 , I don’t get the point of this article it’s like saying
the ship is sinking slightly less fast
Public sector pay or tax cuts for the rich. Can anyone take a wild guess as to where this is going?
Isn’t this due to the fact that lot of tax revenue was collected at the Jan 31 deadline ? I doubt this anamolybwould repeat for the rest of the year.
Unsurprisingly, when you raise marginal tax rates and cut spending, you end up with a surplus. £5 says they’ll plow the whole surplus into a tax cut gift to high earners to try to win back support, instead of investing it in something sensible or fixing out decrepit public services.
18 comments
*[hnnnngh]* *[gnnnnnnrh]* *[phhhmnnnh]*
Don’t mind me. Just limbering up so I can join in the inevitable mental gymnastics in this thread.
>aided by the highest January figure for self-assessment income tax receipts since monthly records began in April 1999.
This is going to be partly because of the number of people like me who claimed the last two covid payments in 2021 because the year started badly but then had a very good last 6 months as the economy got going again. A lot of it is going to be tax on government handouts rather than a sign of a stong economy.
One of the great mysteries of the last year is how Hunt managed to convince the tories that he had to stay as chancellor during the leadership race. Incredible con job by him
– Give very little meaningful support to people in a energy crisis, but still tax people
– Tax breaks to all the large companies so we don’t hurt their CEO’s who happen to align to the government
– tax the lower and middle class to the point where no significant savings occur – remember it’s 20% VAT
– significant cuts to public services
SURPrIsE When wE AcTuALLy mADE MoneY – MaYBE We SHoUlD KeEp tHIS GoInG…
Good News! rejoice peasants
Austerity is working as intended.
Surely this is the consequence of raising the tax burden to its highest level ever and then not raising public sector spending by anything close to inflation.
“I predict I’ll lose 30kg in a month!”
Next month
“I lost less than predicted!”
Its not hard to make mad predictions to make a headline.
DFS do it all the time. Psst, the sofa was never £899, or if it was it was for 24hrs in october.
So now the surplus will be used to pay nurses right? RIGHT?!
EXCLUSIVE LEAK of the convo between Sunak and Hunt about the surplus:
Hunt: Why don’t you explain this to me like I’m five.
Sunak: Your mommy and daddy give you 10 dollars to open up a lemonade stand. So you go out and you buy cups and you buy lemons and you buy sugar. And now you find out that it only costs you nine dollars.
Hunt: Ho-oh!
Sunak: So you have an extra dollar.
Hunt: Yeah.
Sunak: So you can give that dollar back to mommy and daddy, but guess what? Next summer…
Hunt: I’ll be six.
That’s kinda what happens when you cut everyone’s budget by billions. You spend less money.
It’s also what happens when you decide that public sector pay can’t get close to inflation.
It’s all ideological bullshit.
How can someone predict these things and be £30bn out? It couldn’t possibly be a Tory or Tory supporter trying to make them look good by being so far under their “borrowing budget”
No buzzwords in this reply to get all the crappy bitcoin spammer bits to reply
“BAE Systems are delighted to announce a newly signed government contract worth £30bn to supply the Ukrainian Airforce with 250 Eurofighter Typhoons…”
With less than two years to go to a General Election it’s not surprising that the government is squeezing spending hard and as a consequence borrowing less than forecast.
Presumably the April budget next year will see the taps being opened in order to hose down the voting public with money ready for a summer General Election and another glorious five years for Rishi to battle against trans rights, political correctness gone mad at children’s book publishers and one last big push to stop asylum seekers crossing the channel. The Real Priorities of the Great British Public.
And it still big deficit of £116.9bn 2022 to 2023 , I don’t get the point of this article it’s like saying
the ship is sinking slightly less fast
Public sector pay or tax cuts for the rich. Can anyone take a wild guess as to where this is going?
Isn’t this due to the fact that lot of tax revenue was collected at the Jan 31 deadline ? I doubt this anamolybwould repeat for the rest of the year.
Unsurprisingly, when you raise marginal tax rates and cut spending, you end up with a surplus. £5 says they’ll plow the whole surplus into a tax cut gift to high earners to try to win back support, instead of investing it in something sensible or fixing out decrepit public services.