You’re in Charge…

You’re in Charge…

7:56 AM, 12th December 2017, About 6 years ago 54

Text Size

You are now the Prime Minister/President/Absolute Monarch/Dictator of the United Kingdom…

Your task is to restore the nation’s finances, to create sound economic foundations, and to ultimately break the current self-defeating cycle of:

reduced tax yields -> higher tax rates to regenerate public services -> stultified economy -> further reduced tax yields -> even higher tax rates to regenerate further depleted public services -> further stultified economy -> further reduced tax yields -> etc etc etc… and to thus avert the disastrous “reforms” of truly appalling politicians, such as George Osborne and Jeremy Corbyn,

How will you set about generating the sustainable, long-term prosperity that Britain needs to support itself, to fund essential public services, and for its people to be as happy as they can be with their lot in life?

Gareth Wilson


Share This Article


Comments

Richard U

20:08 PM, 15th December 2017, About 6 years ago

Reply to the comment left by Mark Alexander at 15/12/2017 - 20:02
Think i’m going to need a good lawyer before I write my manifesto into law!

In the meantime, bottoms-up!

Steve B

10:25 AM, 16th December 2017, About 6 years ago

One of the problems with immigration is the cultural differences. You can never begin to understand a culture if you don't embrace it - and I mean REALLY FULLY embrace it. We are apparently a tolerant country/society ... look up the word tolerant for a big surprise!

To give an very small example of culture, suppose you're driving down the road and someone does something which annoys you and the pair of you get into a bit of 'road rage' initially in a very small way - let's say you exchange gestures or flash lights and this then causes either one of you to tailgate the other for a while then overtake and slow down etc etc eventually you get to the point where you either both 'leave it' or you escalate and possibly cause an accident or perhaps you both pull over and have it out. In all these scenarios you don't know the other person at all but you have made a judgment on something they did because you didn't agree with it - even if you did absolutely nothing apart from felt miffed about it, you make a judgement about them - cos you're in the right aren't you!

So what does this have to do with culture? Nothing until you consider how you would react if you met and discovered the other person was: A, a close friend or relative; B, someone who had aggrieved you in the past or C, they spoke no English or appeared 'foreign' in some way or other. At this point the cultural differences would come into play and the English 'politeness' level might just well go one way or the other. That's before you even consider their cultural background in this. I propose you CANNOT have a culture that does not have some prejudice of one form or another. In the first example you would probably calm down very quickly - a bit of banter and sarcasm perhaps but not much else. In the second it would probably be quite more intense. In the final example your reaction would probably be somewhere between the the other two responses. We tend to like, tolerate or dislike things/people and it's the idea of that thing or person multiplied in large amounts that really get some of us going.

To wrap it up, the way you react is based on your 'personal culture' (what you feel is the correct way to react) and if it was you driving in another country, would you act/react the same?
Just my 2p worth, ymmv

As a final thought, forget World Peace... try using your indicators for a start! 😜

Gareth Wilson

21:33 PM, 20th December 2017, About 6 years ago

Here are my ideas. Don't be scared. I'm filled with love really.

FUNDING
1) Replace the mandatory foreign aid spending target with a disaster relief fund, where unspent money carries over into the next budget year to be topped up to the required amount, and is independent of preset mandatory spending commitments.
2) Restrict the EU "divorce" settlement to the value of the UK's actual existing spending commitments and let the EU whistle for £39m+ (more on this later).
3) Complete Brexit and end Britain's yearly net contribution to the EU.
4) End child tax credits and the working family tax credit, redirecting HMRC resources to a new superior working tax credit that I shall come back to below.
5) All new child benefit claimants restricted to claiming child benefit for no more than two children.
6) Housing benefit to be capped to £20'000 per year in London and £10'000 per year throughout the rest of the UK.
7) Introduce a 0.5% turnover tax, levied upon the gross sales of all companies operating in the UK, headquartered and paying tax on their profits overseas, to solve the problem of highly successful multinationals paying comparatively minuscule levels of tax in the UK. Because all companies headquartered and paying tax on their profits within the UK will be exempt from the turnover tax, this will in turn create an incentive for companies to declare their profits for taxation in the UK and to relocate their headquarters to the UK (bringing additional clerical jobs in the process). Exemptions from the turnover tax will also be offered on a case-by-case basis to overseas based companies investing in manufacturing and research and development operations within the UK.
8) Wipe out VAT fraud. Have all VAT registered addresses with abnormally frequent VAT number registrations, all companies associated with those addresses, and all directors of those companies investigated and interrogated by HMRC. Unpaid VAT will be retrospectively calculated and demanded by HMRC. Failure to settle the demand will lead to the confiscation and sale of assets by HMRC.

GROW THE ECONOMY & MAKE THE PEOPLE RICHER
1) Abolish income tax entirely for everyone earning £21k/year or less.
2) Lower the higher rate of income tax to 35% and the additional rate of income tax to 40%.
3) Abolish employee, self-employed and employer national insurance contributions.
4) Restore the central government grant for councils to pre-austerity levels, but fix council tax for 10 years and force all councils to slash business rates by 50% across the board.
5) Scrap section 24 to lessen upward pressure on rents and further free up admin within HMRC.
6) Restore police funding to pre-austerity levels, slash virtue-signalling police red tape to ensure maximum bodies on the beat, while forcing the police to investigate all crime again and sharpening the organisation into a well-equipped Police FORCE, prioritising the physical stature and prowess of its newest beat cops over politically-correct box ticking.
7) Further increase jobs in the research and technology sectors, while making the UK a force to be reckoned with, by INCREASING defence spending and showing no hesitation in using defence assets to dissuade incursions into British territory.
8) Don't increase the national minimum wage to £10/hr (a Labour idea) to ensure that hard-up small businesses are not sunk by high wage costs. But...
9) Greatly incentivise businesses to pay their workers at a rate equivalent to £10/hr, by allowing them to claim back the necessary increase for each worker as an additional tax credit (on top of offsetting them against tax as an increased outgoing). Previously freed up HMRC resources will be redirected towards the reconciling of these filed yearly claims from businesses with the bank statements they must also submit to qualify for the additional tax credit.

BREXIT
1) Walk out from the negotiations and proceed to arrange bilateral free trade deals immediately.
2) Do not impose tariffs upon EU goods and services. Do not erect a hard border with the Republic Ireland. The UK would however react accordingly should the EU or Ireland fail to demonstrate the same initial restraint, but ultimately the ball will be in their court to spite their own faces with an Irish hard border and/or tariffs imposed upon British goods and services by the EU.

10:14 AM, 21st December 2017, About 6 years ago

Reply to the comment left by Gareth Wilson at 20/12/2017 - 21:33
> 1) Walk out from the negotiations and proceed to
> arrange bilateral free trade deals immediately.

So demonstrating to all that the UK cannot be trusted to honour its agreements. Good luck with any further agreements.

1 2 3 4 5 6

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now