Conservative election broadcast

[El Cid 213]

Conservative election broadcast, just seen it, they said that they would be cutting income tax, but they have previously said that they have no plans to cut the 40% rate. Is this something new, a cut for ordinary people, but not the 40% rate.

The parties seem to be ruling out quite a lot of things, like VAT rises and rising pensions.

[Funky_Gibbon 42]

Saying "we have no plans" isn't the same as ruling it out. They said the same thing last time about VAT and then increased it within weeks of the election.

[LeMaquis 10]

Saying "we have no plans" isn't the same as ruling it out. They said the same thing last time about VAT and then increased it within weeks of the election.

 

Exactly. Having no plans means they won't do it this month. Next month is another matter though.

[El Cid 213]

Exactly. Having no plans means they won't do it this month. Next month is another matter though.

 

But they are planning to cut taxes, they would plan it all together.

[Berberis 10]

But they are planning to cut taxes, they would plan it all together.

 

Tax cuts are the mantra of the Tory party. Its their bread and butter.

 

To put it simply, Labour are a big government, take it away with one hand while handing it back with another party. This equals higher taxes as the public sector inflates to deal with the job in-hand. The term Stealth Tax was coined when describing Blairs Labour party. It works well in some counties, such as Norway or Sweden (one of them), but badly in others.

 

Torys are small government, allow you to keep as much as possible and so government costs less. But can go wrong and cost more if the lack of services means higher crime etc.

[El Cid 213]

 

To put it simply, Labour are a big government, take it away with one hand while handing it back with another party.

 

Torys are small government, allow you to keep as much as possible and so government costs less. But can go wrong and cost more if the lack of services means higher crime etc.

 

That is not always true. The first ten years of the Blair Government had lower spending than the previous ten years of Conservative Government.

[altus 537]

Conservative election broadcast, just seen it, they said that they would be cutting income tax, but they have previously said that they have no plans to cut the 40% rate. Is this something new, a cut for ordinary people, but not the 40% rate.

The parties seem to be ruling out quite a lot of things, like VAT rises and rising pensions.

 

I vaguely remember hearing somewhere (possibly the Daily Politics at lunchtime) about them upping the threshold at which people would start paying it. That would be not cutting the rate but it would be a tax cut for those wealthy enough to pay it as they'd pay the lower rate on a greater proportion of their income.

[Berberis 10]

That is not always true. The first ten years of the Blair Government had lower spending than the previous ten years of Conservative Government.

 

Not sure where you get your figures from, but public spending went up from 1997 onwards.

 

http://www.economicshelp.org/wp-content/uploads/blog-uploads/2012/05/govt-spending-94-12.png

[Mecky 10]

How will lowering tax help reduce the deficit and lower the national debt which they doubled since 2010?

[El Cid 213]

Not sure where you get your figures from, but public spending went up from 1997 onwards.

 

http://www.economicshelp.org/wp-content/uploads/blog-uploads/2012/05/govt-spending-94-12.png

 

From the Guardian

 

https://docs.google.com/spreadsheet/ccc?key=0AonYZs4MzlZbcGhOdG0zTG1EWkVOQzNJMHM3QXZIQlE#gid=0

[Obelix 11]

How will lowering tax help reduce the deficit and lower the national debt which they doubled since 2010?

 

Because we will collect more tax Mecky (hey if you can make stuff up so can I).

 

It's called the Laffer curve if you can be bothered to look it up.

[El Cid 213]

 

It's called the Laffer curve if you can be bothered to look it up.

 

There has been claims on both sides, about changing from 40% income tax to a higher rate of 45%, the Conservatives claim it raised no money, Labour dispute that.

But I havnt heard anyone saying cutting the 40% rate will raise more money.