Making the news today....

[coppice cutter]

9 minutes ago, Woodworks said:

Are brits very different from other Europeans?

 

Well actually I wasn't necessarily thinking in terms of the UK only, or even Europe for that matter.

[trigger_andy]

4 hours ago, Mesterh said:

Not a bad start to the week.

Chancellor U-turns on plans to scrap 45p tax rate - BBC News

WWW.BBC.CO.UK

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Kwasi Kwarteng says the proposals, announced just 10 days ago, had become "a...

 

Well that’s a bit annoying.

[eggsarascal]

Has borrowing to fund tax cuts ever worked? Genuine this time.

[GarethM]

At the same time you could ask about guilts/government bonds.

 

Are these owed by foreign companies or by people in the UK, as I presume historically it was UK owned and atleast any profits stayed within the country.

[eggsarascal]

35 minutes ago, GarethM said:

At the same time you could ask about guilts/government bonds.

 

Are these owed by foreign companies or by people in the UK, as I presume historically it was UK owned and atleast any profits stayed within the country.

You’d think the economic experts of this parish would have the answers.

[GarethM]

It's one of those questions that need answering. A return to old financial values, I'm not a beating the drum nationalise everything type.

 

But surely if the trains for example are back in public ownership, allow it to run as a private company and allow it to invest in say other infrastructure and slowly buy back say the water companies etc.

[Retired Climber]

12 minutes ago, eggsarascal said:

You’d think the economic experts of this parish would have the answers.

www.thelondoneconomic.com/business-economics/who-owns-our-national-debt-its-a-secret-287907/amp/

[Johnsond]

1 hour ago, eggsarascal said:

Has borrowing to fund tax cuts ever worked? Genuine this time.

I guess the country and its finances are so ****************ed we literally have to borrow to reduce tax take off one particular group !!!!. That same group would still be paying 40-41% tax on their earnings. 

When you actually stop and think about that you realise what a knife edge things are on and how far we are effected by the whims of the markets. 

 

[eggsarascal]

29 minutes ago, Johnsond said:

I guess the country and its finances are so ****************ed we literally have to borrow to reduce tax take off one particular group !!!!. That same group would still be paying 40-41% tax on their earnings. 

When you actually stop and think about that you realise what a knife edge things are on and how far we are effected by the whims of the markets. 

 

I’m not interested in your guesses, has it ever worked, if so, which leader and which countries?

[GarethM]

You could use the same argument these socialist communist types who continually argue it's better than capitalism.