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August 20 2019 6.37am

Conservative Party Leadership Campaign

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View Badger11's Profile Badger11 Flag Beckenham 10 Jun 19 12.08pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by robdave2k

What he has said is he would lift it (the threshold) from £50k to £80k

Will at least repair some of the damage that clown Hammond has done to the self employed.

Earning £80k a year doesnít make you rich. It makes you well off, but not rich.

Agreed a while ago I did a little experiment sorry I didn't keep my numbers from then but it went something like this.

Married couple live in the south 2 young children wife currently a housewife. Man earns 80k in theory they should be well off. Then look at the annual deductions:

Mortgage or Rent 24k?
Tax and NI 25k
Council Tax 2k
Car plus petrol / tax / insurance 5k
Travel (he commutes) 4k
Utility bills 2k
Insurance £500
Food 4k
Private pension 2% £1600
One nice holiday per year 3k
Extras such as school stuff, cloths for the kids etc 4k

Before you know it you've hit 76k and I have probably forgotten some costs.

Bottom line 80k income for a couple with kids they can get buy but they are not in the lap of luxury and saving very little.

And I forgot student loans god know how much that costs.

 


One more point

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View Mapletree's Profile Mapletree Flag Croydon 10 Jun 19 12.14pm Send a Private Message to Mapletree Add Mapletree as a friend

Seems to be a one horse race

In 2012 Gove said in an interview about the Conservative Party leadership "I'm constitutionally incapable of it. There's a special extra quality you need that is indefinable, and I know I don't have it. There's an equanimity, an impermeability and a courage that you need. There are some things in life you know it's better not to try."[42]

So BoJo it is then

Such a shame Jezza leads the Labour Party at the moment.

There is of course an alternative

[Link]

 

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View DanH's Profile DanH Flag SW2 10 Jun 19 12.17pm Send a Private Message to DanH Add DanH as a friend

Originally posted by Badger11

Agreed a while ago I did a little experiment sorry I didn't keep my numbers from then but it went something like this.

Married couple live in the south 2 young children wife currently a housewife. Man earns 80k in theory they should be well off. Then look at the annual deductions:

Mortgage or Rent 24k?
Tax and NI 25k
Council Tax 2k
Car plus petrol / tax / insurance 5k
Travel (he commutes) 4k
Utility bills 2k
Insurance £500
Food 4k
Private pension 2% £1600
One nice holiday per year 3k
Extras such as school stuff, cloths for the kids etc 4k

Before you know it you've hit 76k and I have probably forgotten some costs.

Bottom line 80k income for a couple with kids they can get buy but they are not in the lap of luxury and saving very little.

And I forgot student loans god know how much that costs.

Imagine what it's like trying to live on minimum wage then.

 


Tw@tter:

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View Badger11's Profile Badger11 Flag Beckenham 10 Jun 19 12.23pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by DanH

Imagine what it's like trying to live on minimum wage then.

I don't disagree living costs especially in the south are horrendous and I am glad that I am retired and own my home. Still point is that for someone on minimum wage 80k must seem like champagne and caviar it's not if you have a family.

I never trust government to spend our money wisely and HS2, foreign aid budget Crossrail, NHS IT has done nothing to change my mind.

 


One more point

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View Stirlingsays's Profile Stirlingsays Flag Wisbech, England 10 Jun 19 12.31pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

In terms of Boris's high earners tax cuts I have mixed feelings about it.

Initially I'd say you have the issue of what corporate Dan highlights which is that high earners will just pocket the extra into bank accounts.

However, then we have what Trump has done in the US. Trump....if I remember correctly, did something similar and has stimulated the economy considerably.....when the left had beforehand been shouting that the exact opposite would happen.

So I expect the devil is in the detail.

Edited by Stirlingsays (10 Jun 2019 12.33pm)

 

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View Willo's Profile Willo Flag South coast - west of Brighton. 10 Jun 19 6.49pm Send a Private Message to Willo Add Willo as a friend

Latest MP voting figures for top six :

Johnson 61, Gove 34, Hunt 34, Raab 24, Javid 19, Hancock 14.

 

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View Sportyteacher's Profile Sportyteacher Flag London 10 Jun 19 7.04pm Send a Private Message to Sportyteacher Add Sportyteacher as a friend

Originally posted by Willo

Latest MP voting figures for top six :

Johnson 61, Gove 34, Hunt 34, Raab 24, Javid 19, Hancock 14.

Ah yes, Johnson's sins revealed:

[Link]

Rumour is that Boris is to approach Pet Shop Boys for use of former No: 1 as his campaign anthem

 

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ChrisGC Flag Wantage 10 Jun 19 7.37pm

Surely Hunt is a non starter, how out of touch are these people?
He's universally despised across the general public.

 

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 10 Jun 19 8.26pm Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by the.universal

Ok then, why anyone thinks tax cuts for the well off is a good idea is beyond me.

£50k isnít well off in London, particularly if youíre trying to save for a house etc.

Not by a long way.

 

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View Wisbech Eagle's Profile Wisbech Eagle Flag Truro Cornwall 10 Jun 19 11.00pm Send a Private Message to Wisbech Eagle Add Wisbech Eagle as a friend

Originally posted by Stirlingsays

In terms of Boris's high earners tax cuts I have mixed feelings about it.

Initially I'd say you have the issue of what corporate Dan highlights which is that high earners will just pocket the extra into bank accounts.

However, then we have what Trump has done in the US. Trump....if I remember correctly, did something similar and has stimulated the economy considerably.....when the left had beforehand been shouting that the exact opposite would happen.

So I expect the devil is in the detail.

Edited by Stirlingsays (10 Jun 2019 12.33pm)

I suspect that the devil is in the truth.

The effect of Trump's tax cuts won't really be seen in the US economy just yet. Every economy lags behind any kind of stimulus. Despite Trump's repeated claims the US economy is still riding the crest of a wave which started in the Obama years. Very little, if anything, can be attributed to Trump and that may be very short lived.

Not for nothing is the Fed not cutting interest rates. They fear a downturn when the vastly increase debt burden starts to bite hard and the impact of tariff increases on consumers comes home to roost.

Don't believe me? Still believe Trump?

Read this:-https://edition.cnn.com/2019/04/15/economy/trump-tax-cuts-impact-economy/index.html

There are loads of others from sources that you might prefer to CNN but most, of not all, reach similar conclusions.

 

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ChrisGC Flag Wantage 10 Jun 19 11.45pm

Originally posted by Wisbech Eagle

I suspect that the devil is in the truth.

The effect of Trump's tax cuts won't really be seen in the US economy just yet. Every economy lags behind any kind of stimulus. Despite Trump's repeated claims the US economy is still riding the crest of a wave which started in the Obama years. Very little, if anything, can be attributed to Trump and that may be very short lived.

Not for nothing is the Fed not cutting interest rates. They fear a downturn when the vastly increase debt burden starts to bite hard and the impact of tariff increases on consumers comes home to roost.

Don't believe me? Still believe Trump?

Read this:-https://edition.cnn.com/2019/04/15/economy/trump-tax-cuts-impact-economy/index.html

There are loads of others from sources that you might prefer to CNN but most, of not all, reach similar conclusions.

CNN? Zzzzzzz

 

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View dreamwaverider's Profile dreamwaverider Flag Chelsea 11 Jun 19 12.00am Send a Private Message to dreamwaverider Add dreamwaverider as a friend

Originally posted by ChrisGC

Surely Hunt is a non starter, how out of touch are these people?
He's universally despised across the general public.

Spot on. Canít stand him. Absolute Plonker.

Edited by dreamwaverider (11 Jun 2019 12.03am)

 

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