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Wight Flight

Post Covid, how is this going to be paid for?

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Assuming it does all need to be paid for. I still haven't got my head around a reason all countries can't simultaneously print money thereby protecting currency value.

Anyway, my bet #1 is that the small business rate reduction scheme will be scrapped.

Which I think would be only fair.

But what else could they do, and should they do?

I would remove the NI exemption for pensioners.

I would also look at an online sales tax. Or maybe a courier delivery tax which would achieve the same thing.

The self employed are clearly going to be hit but I am not sure how.

Any ideas that would actually be acceptable?

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4 minutes ago, Wight Flight said:

Assuming it does all need to be paid for. I still haven't got my head around a reason all countries can't simultaneously print money thereby protecting currency value.

Anyway, my bet #1 is that the small business rate reduction scheme will be scrapped.

Which I think would be only fair.

But what else could they do, and should they do?

I would remove the NI exemption for pensioners.

I would also look at an online sales tax. Or maybe a courier delivery tax which would achieve the same thing.

The self employed are clearly going to be hit but I am not sure how.

Any ideas that would actually be acceptable?

We could try and keep more of our money in this country

And get other countries to spend their money here

A bit of a reverse to previous years.

Let house prices crash so low-wage work is attractive and viable.

Stop importing labour.

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27 minutes ago, Hopeful said:

We could try and keep more of our money in this country

And get other countries to spend their money here

A bit of a reverse to previous years.

Let house prices crash so low-wage work is attractive and viable.

Stop importing labour.

You mean balance the balance of payments?

I think that idea went out with the weekly reporting of sterling M3.

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Posted (edited)
1 hour ago, Wight Flight said:

Assuming it does all need to be paid for. I still haven't got my head around a reason all countries can't simultaneously print money thereby protecting currency value.

 

1 hour ago, ashestoashes said:

think worldwide the central banks will print trillion dollar plague notes and agree that the debt is cancelled and the notes will stay in a safe somewhere 

Yep, i can see some complicated mechanism being set up to allow governments to cancel a percentage of their debt - on a worldwide basis.

Maybe some form of shadow currency, set at pre crisis exchange rates? 

 

Edited by BBH

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24 minutes ago, VeryMeanReversion said:

It will be paid by the productive.

My desire to be productive is coming to an end.

My thoughts exactly. Thy are going to arse rape those still in gainful employment. It’s the only card they have if they want to leave their mates in the city and big business alone. 

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Thinking about this more, why was the aid given in the way it was?

It would be logical to try and claw back the cash from those that benefited most, but I can't see a way of doing that. They will need to do something across the board, but why should the courier driver, who has worked his backside off, end up paying more tax to cover the money gifted to the estate agent that bravely sat on his sofa watching Netflix for six weeks.

Why has most of the help been in the form of a grant, rather than a loan. It doesn't really make sense and may end up as a serious bone of contention in years to come.

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1 minute ago, One percent said:

My thoughts exactly. Thy are going to arse rape those still in gainful employment. It’s the only card they have if they want to leave their mates in the city and big business alone. 

Well at least you will be ok.

😀😀

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Posted (edited)

Some fluffy temporary (permanent) 'NHS tax' that people will be falling over themselves to support

But why should we pay anything? It's the relentless government globalisation policies that contributed to this mess. 

Edited by ste

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1 hour ago, Wight Flight said:

Assuming it does all need to be paid for. I still haven't got my head around a reason all countries can't simultaneously print money thereby protecting currency value.

Anyway, my bet #1 is that the small business rate reduction scheme will be scrapped.

Which I think would be only fair.

But what else could they do, and should they do?

I would remove the NI exemption for pensioners.

I would also look at an online sales tax. Or maybe a courier delivery tax which would achieve the same thing.

The self employed are clearly going to be hit but I am not sure how.

Any ideas that would actually be acceptable?

Increase in flight duty. 

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7 minutes ago, OurDayWillCome said:

Government will increase VAT to 22.5% - that will backfire as the frugality virus is spreading faster than that Covid chap who posts on here.

That would be foolish.

Now we have left the EU they can use VAT to manipulate buying habits.

I could envisage a new super rate of 30% on some products, but not a rise across the board.

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1 minute ago, Wight Flight said:

That would be foolish.

Now we have left the EU they can use VAT to manipulate buying habits.

I could envisage a new super rate of 30% on some products, but not a rise across the board.

  made in Chy-na

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