Vipa Posted June 22, 2010 Report Share Posted June 22, 2010 (edited) VAT rise should have been higher! Labours reduction to 15% was a waste of time and gained nothing, and as said before did you realy notice the difference? I doubt it unless you where buting somthing VERRRYYYYY expensive. So likewise raising to 20%, will you really notice the difference? NO. And VAT is fair to all. You spend more you pay more. Agree, 25% would have been do-able :yp: The problem is that as that has a direct baring on the consumer price index it will have a significant inflationary impact which would probably then mean interest rates needing to go up..... They have one hell of a balancing act ahead of them!! Going back to my earlier post also, if you attack the wealthy as labour have done in years gone by by racking income tax up to rediculous levels (wasn't it 90% in the 70s?) you actually end up with a smaller take because the wealthy who can afford to do so, just up sticks and take their businesses, property AND MONEY abroad thus meaning that the revenue get absolutely nothing from them! Edited June 22, 2010 by Vipa Quote Link to comment Share on other sites More sharing options...
Billy. Posted June 22, 2010 Report Share Posted June 22, 2010 (edited) VAT can't go above 20% in the EU, as far as I'm aware. It's the upper limit. 10% being the lowest. (I will go off now and confirm my guesstimate) EDIT: Nope, I'm wrong, it's 25% limit, but apparently you can go higher (why have a limit if you can go higher?!) Edited June 22, 2010 by Billy. Quote Link to comment Share on other sites More sharing options...
Vipa Posted June 22, 2010 Report Share Posted June 22, 2010 VAT can't go above 20% in the EU, as far as I'm aware. It's the upper limit. 10% being the lowest. (I will go off now and confirm my guesstimate) Is that a Brussels mandate Billy? wasn't aware of that Quote Link to comment Share on other sites More sharing options...
Billy. Posted June 22, 2010 Report Share Posted June 22, 2010 (edited) Is that a Brussels mandate Billy? wasn't aware of that It's 15%-25% My mistake. Wikipedia to the rescue: "However Directive 2006/112 requires Member states to have a minimum standard rate of VAT of 15% and one or two reduced rates not to be below 5%. Some Member States have a 0% VAT rate on certain supplies- these Member States would have agreed this as part of their EU Accession Treaty (for example, newspapers and certain magazines in Belgium). The current maximum rate in operation in the EU is 25%, though member states are free to set higher rates" (for example, newspapers and certain magazines in Belgium) -- I know for a fact I've bought those sorts of magazines in Belgium Edited June 22, 2010 by Billy. Quote Link to comment Share on other sites More sharing options...
Imperfection Posted June 22, 2010 Report Share Posted June 22, 2010 We're not screwed-its called recovery. What other choices did they have??? Borrow more money??? Allow the country to go bankrupt??? No matter what they do,they're are always going to be critics,but to be honest they need the population behind them not fighting them.I will admit here and now that i've voted Labour throughout my adult life,but even i can see they have completely destroyed the economy and this budget is a lot fairer than i thought it was gonna be. Quote Link to comment Share on other sites More sharing options...
Vipa Posted June 22, 2010 Report Share Posted June 22, 2010 (edited) Did anyone catch the ticker on Sky News just before Osbourne stood up... it was showing the country's debt in real time..... Furkin terrifyin...... ten grand a minute it was going up by........ That's 14.4 million quid A DAY!!! :yp: Edited June 22, 2010 by Vipa Quote Link to comment Share on other sites More sharing options...
motty Posted June 22, 2010 Report Share Posted June 22, 2010 I'm just so glad labour aren't still in office. Quote Link to comment Share on other sites More sharing options...
Billy. Posted June 22, 2010 Report Share Posted June 22, 2010 Did anyone catch the ticker on Sky News just before Osbourne stood up... it was showing the country's debt in real time..... Furkin terrifyin...... ten grand a minute it was going up by........ That's 14.4 million quid A DAY!!! :yp: This should Help http://www.debtbombshell.com/ Quote Link to comment Share on other sites More sharing options...
Vipa Posted June 22, 2010 Report Share Posted June 22, 2010 This should Help http://www.debtbombshell.com/ :yp: Quote Link to comment Share on other sites More sharing options...
shaun4860 Posted June 22, 2010 Report Share Posted June 22, 2010 well the goverment has yet done it again , VAT up to 20% well that means there is going to be a knock on efect petrol, diesel, fuel, food prices will rise as will everything else even cartridges and bullets will go up again the goverment have not thought this through in my opinion they have just jumped in and thought the only way to get back monies the previous goverment had lost is to make joe public pay it all back for them its alright for them being on the wages they get and all the expenses it dont cost them anything to live in my opinion so its true what people have said , they only look after them selves and stuff the rest of the country why cant a normal type of person (someone that has a realistic view of things not the idiots that just dream ) run for goverment , instead we had to have these idiots telling us what to do and running the country wonder how the VAT will affect you and your opinions were you a labour voter by any chance.... shaun Quote Link to comment Share on other sites More sharing options...
Billy. Posted June 22, 2010 Report Share Posted June 22, 2010 were you a labour voter by any chance.... shaun :yp: We can't keep going along at the pace Labour was setting. They were hemorrhaging money and had no idea where it was going. Quote Link to comment Share on other sites More sharing options...
Cranfield Posted June 22, 2010 Report Share Posted June 22, 2010 The "Budget" threads have been merged. Quote Link to comment Share on other sites More sharing options...
Imperfection Posted June 22, 2010 Report Share Posted June 22, 2010 The "Budget" threads have been merged. So now we have a coalition of threads too..! :yp: Quote Link to comment Share on other sites More sharing options...
Cookiemonsterandmerlin. Posted June 22, 2010 Report Share Posted June 22, 2010 Its blown my plan to buy chopper this year a Raleigh chopper that is. Crumpets What commission do you get one you sell one . Kind regards OTH Quote Link to comment Share on other sites More sharing options...
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