Daily Gloom

[DimPrawn]

Britons' economic gloom among worst in world - Telegraph

Cheer up you miserable bastards.

Just a few short years and New Labour will be back in power and everything will be rosy again.

[scooterscot]

Look on the bright side

The pound is doing so well against the euro


XE.com - Free Currency Charts (GBP/EUR)


Makes you wonder, why is it the pound cannot hold it's worth when countries in euro disney are threatening to default. Things are surely no that bad?


Budget windfall tax spectacularly backfires.

Centrica has decided to leave idle the UK's biggest gas field, South Morecambe, because the tax rise means extraction is simply not worth its while.

[ThomasSoerensen]

The pound is doing so well against the euro


XE.com - Free Currency Charts (GBP/EUR)


Makes you wonder, why is it the pound cannot hold it's worth when countries in euro disney are threatening to default. Things are surely no that bad?

Budget windfall tax spectacularly backfires.

What do you base this on?

[OwlHoot]

Budget windfall tax spectacularly backfires.

Good find

This an object lesson in the way tax rises can prove economically harmful. While South Morecambe is not producing, it is delivering no tax revenues; meanwhile, the shortfall will be filled by imported gas. So the tax take goes down and the cost to the consumer goes up

That's something Lefties and Lib Dems seem incapable of grasping.

Raising taxes too high has a multiplier effect, and a "critical mass", just like neutrons in a lump of uranium, above which everything implodes (well not quite like uranium, but a similar threshold principle).

and the Tory-Lib-Dem twats have really been tweaking the dragon's tail for the last year or so..

[scooterscot]

What do you base this on?

Plan A of course.

Reminds me of a conversation between captain Blackadder and general Melchett

General Melchett: You look surprised, Blackadder.

Captain Blackadder: I certainly am, sir. I didn't realise we had any battle plans.

General Melchett: Well, of course we have! How else do you think the battles are directed?

Captain Blackadder: Our battles are directed, sir?

General Melchett: Well, of course they are, Blackadder, directed according to the Grand Plan.

Captain Blackadder: Would that be the plan to continue with total slaughter until everyone's dead except Field Marshal Haig, Lady Haig and their tortoise, Alan?

General Melchett: Great Scott! Even you know it!

[DimPrawn]

Same thing applies to employers NI.

I could hire 10,000 UK workers and have to pay 10,000 lots of NI regardless of how profitable my business is, or I could just move my employment overseas where employing people is not discouraged through taxation of employment.

Scrap employers NI and roll up employees NI into income tax.

[sasguru]

I could hire 10,000 UK workers ...

Still in fantasy land I see. How's your first million coming along?

[DimPrawn]

Still in fantasy land I see. How's your first million coming along?

This time next year Rodders!

[AtW]

Same thing applies to employers NI.

Totally ridiculous tax - NI is meant to be "National Insurance" against being out of job - it makes sense employee pays it because it is that employee who will be out of job, however what's the point of business that provides paying job to pay it?!?!

[Churchill]

Totally ridiculous tax - NI is meant to be "National Insurance" against being out of job - it makes sense employee pays it because it is that employee who will be out of job, however what's the point of business that provides paying job to pay it?!?!

FFS, stop whinging Alexei!