Wednesday, December 09, 2009

More tax more state more thieving from children

Alastair Darling released the Brown government’s last ever Pre Budget Statement (let’s be honest it wont be a stunning victory for Labour at the next election) and what does it bring? The Times tells all and the ledger goes like this.

In terms of restraining state spending there is:
- A senior civil service pay cut worth a paltry £100m
- Treasury approval needed for government appointments earning more than £150k;
- 1% cap for public sector pay settlements other than the Armed Forces;
- State contributions to public sector pensions to be capped by 2012;
- Bingo Duty (yes really) cut from 22% to 20% in 2010;
- Deferral of corporation tax increase for smaller companies;
- Electric cars exempt from company car tax (!) for five years.

Pathetic really. Political pablum, leaving the hard decisions to the Tories.

How about new or higher taxes?
- VAT to return to 17.5% on 1 January (buy before then);
- Threshold for top tax rate not to rise for one year after 2012;
- National insurance increased by 0.5% of income in 2011;
- Inheritance tax allowance frozen for one year (not increased);
- 50% one off tax on banking sector bonuses over £25k;
- 10% Corporation tax on patent income in the UK;
- 50p a month tax on phone lines to subsidise rural broadband.

Again, more tax, taking more from the economy because Labour is limp wristed on cutting spending, when it should be ruthless. These bastards can’t keep their hands out of people’s pockets. What’s truly disgusting is how they are going to spend MORE, so basically stealing from people’s children in debt to buy some votes as follows:
- 2.5% increase in state pensions in 2010 (go on old folk embrace Labour stealing from your grandchildren and great grandchildren);
- Guarantee scheme for bank loans to small businesses to be extended;
- £200m more money for a “Strategic Investment Fund” stealing from productive businesses to bribe new ones;
- 6 month extension of welfare to help the unemployed with mortgage payments, effectively propping up housing prices and rewarding those who don’t buy mortgage repayment insurance;
- 10,000 undergraduates from poor (Labour) backgrounds to be subsidised into jobs;
- Guaranteed training or education for all 16 and 17yos, and all under 24 who are out of work for more than 6 months are guaranteed work or training;
- Child benefit increase of 1.5% in 2010. This isn’t means tested so children of the wealthy mean a £20 benefit a week for the eldest and £13.20 for each other child. Welfare for every family;
- Four carbon capture and storage demonstrations to be paid for;
- £200m more to subsidise home energy efficiency (rather than letting energy companies raise prices);
- 125,000 homes subsidised to get more efficient heating boilers;
- Extend free school meals to half a million primary school children of poor parents;
- Rail electrification between Manchester, Liverpool and Preston (can't have fare payers paying);
- Minimal increases in education, health and police spending;
- £2.5 billion for Afghanistan;
- £5m to help ex. Service personnel set up own businesses.

Other than the last two items, this is just more bribes using stolen loot. Not surprising, but certainly disgusting. Profligacy and waste in health and education remain rewarded, picking winners through subsidies is the order of the day, and next to nothing done to confront net debt reaching 78% of GDP by 2014/2015.

A chance that Darling had to acknowledge he wont be doing this a year from now, and he could make the hard decisions to cut spending, was wasted. Why? Because the Labour Party just wants to keep their people in Parliament by bribing voters with their children's money.

So voters will face an election which will probably see the Tories win, hopefully see the Tories engage in serious cuts in spending to take Britain away from risking debt default, and saddling generations with debt.

Then Labour will say how mean and cruel and heartless they are for cutting spending on “vital services”. Yes ladies and gentlemen, if this isn’t an example of the lead up to an advance auction of goods, stolen from children, I don’t know what is.

For shame. How soon can the UK be rid of this tired vile socialist oriented big government regime?

Oh and for now, just don't remind me of what the other lot are like. Can they seriously make it any worse?

1 comment:

OECD rank 22 kiwi said...

Don't you worry that David Cameron will be just as wet as John Key?

Won't stop me from voting for my local Conservative candidate.