Well, I thought I would write a blog on today’s budget, as I believe it must be one of the most dishonest presentations of a set of facts and figures I have ever heard. Lying is ‘BAD’ by the way!!!No surprises that there has also been yet another increase on the duty of tobacco, alcohol and fuel.
The Chancellor of the Exchequer has introduced so called Governmental ‘efficiencies’ saving £15billion, and an income tax rate of 50% for so called high earners (£150,000+), when the true scale of Government debt is around £1trillion. The honest working men and women will have to pay big style for these borrowings and debts, the income from the two revenue streams I have quoted above will only bring in marginal revenues, as so few people earn that amount of money.
I feel that a greater degree of honesty from the Chancellor would have been much more appreciated by the working men and women, who by and large are no fools.
The Chancellor knows that a large amount of money comes from the 25 million or so earners on average wages, and that as unemployment increases less tax is naturally gathered both form the individual and the employers.
I feel that a greater degree of honesty from the Chancellor would have been much more appreciated by the working men and women, who by and large are no fools.
The Chancellor knows that a large amount of money comes from the 25 million or so earners on average wages, and that as unemployment increases less tax is naturally gathered both form the individual and the employers.
Whatever the causes of this financial debt, and whose fault it actually is will soon be history, however, one thing that is apparent, is that as a country we were very unprepared for this downturn with no contingency ‘pot’ to ride the storm.
It is my concern that a whole future generation, including myself are going to have to pay for these events with higher taxation, as the Chancellor said “there are no quick fixes”. This will still apply whatever political party is in power.
It is my concern that a whole future generation, including myself are going to have to pay for these events with higher taxation, as the Chancellor said “there are no quick fixes”. This will still apply whatever political party is in power.
No comments:
Post a Comment