You are probably right....Time will tell for certain.

Though I think we have to be prepared to turn nasty if the alternative is that the EU wish to turn us into Greece.

Obviously there are always political hot heads on both sides but I think the sensible heads will prevail.

Still, Brexit was never about economic sense for half the country. Personally I hope some middle ground will be sought but if not then so be it.

I don't envisage the EU being around in its present form for that long anyway....The vision of its more ardent politicians for its future just does not carry enough people along with it....and economic threats just make that divide worse.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

I see labour want to pay the nhs workers more money the stupid cnuts,,,what about the poor bankers,,,they work equally hard and deserve more surely? typical labour i say, we need to pay these bankers more or they might leave us and go to america!

Precisely my thoughts.

Incidentally, John Moss looks as inept as some party leaders from up here in the holmesdale.

Very honourable but they say from corporation tax. The same tax that they have allocated to a multitude of other promises. It must be some hike they're planning.

Corporation tax intake has gone up considerably since the Tories cut the rate.

Yet for so many of Labour's promises it's 'raise corporation tax'.

Labour lie even more than the Tories...raising taxes on corporations is going to do bugger all.....they will find the means not to pay it as they have ever done...and if Labour force they will go elsewhere or reduce their presence.

Labour tell the poor that they will make them better off when in reality they screw them royally and then tell them they should be thankful for the bus fare home.

Edited by Stirlingsays (26 Apr 2017 11.51pm)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Absolutely !

Seemingly everything will be paid for by raising corporation taxes ! Jon Craig on SKY provided a list of spending pledges which will be paid for by hikes in CT !!!! This is Labour's detailed costing and analysis as to where the money will come from !!!!
It won't be 'Great Britain' it will be 'Bankrupt Britain " !

I think I will leave my political debating at this. Will only turn it into a WILLO thread !
Rather the focus be on Corbyn and his comrades and his non-sensical policies.

Keep getting drawn into the debate but alas I think I will keep my nose out as I would rather it focus on the dastardly Labour policies and politicians rather than me !

Boris showing he's a man of the people again, with relatable terms understandable to the man on the street. So ridiculous the moron occupies one of the great offices of state

Keep on like this Boris and we will have a labour prime minister.

What the government has done, as part of an OECD-wide commitment, is takle base erosion and profit shifting (BEPS). The result of this is to increase the tax base as companies are find it ever more difficult to shift profits offshore. Certainly a good thing.

Also there is the benefit (in CT terms) of the return to profits of many of the banks. Also in this years stats the government has changed the point at which receipts are included in the stats which has effectively massaged the figures. Excluding the past year the corporation tax take has only gone up marginally.

One of the related issues is that companies are now more willing to declare tax in the UK/less able not to, but the retained profits post tax are then sitting on balance sheets underutilised, which is incredibly inefficient and you have a savings glut. A major reason for this is a lack of aggregate demand in the economy which has been brought about largely due to austerity. There are tax breaks for business investment but business investment fell last year, which also helped tax take.

The tax take from the bank levy has gone down though as the government slashed the rate.

If the tax take was going up as rates go down and this was purely down to growth then why have wages been stagnant? Average real weekly earnings have not increased since 2010 and have actually fallen slightly.