OV9

Smells a bit fashy

Jesus fucking christ.

I did think it sounded a bit fascist, I'd assume that's Zeds (not unfair) interpretation of it rather than the Tory front bench literally breaking out the Hugo Boss and goosestepping out to the podium for a press release

Kwasi whatsisface rumoured to be sacked and replaced this afternoon.

Fucking hell, surely this is LT's agenda, she should go with him! What a complete shambles.

It's just embarrassing. Corporation tax rising again too.

Rich B wrote: Fri Oct 14, 2022 12:50 pm Corporation tax rising again too.

I’m not an economist, but Ireland has done superbly over the last 25 years by offering low corporate tax rates. Attracted loads of industry & jobs, and even ignoring income tax created from the latter - I expect lots of business paying 12.5% is more lucrative to the govt/country than a few businesses paying 19%z

I don’t get it.

mik wrote: Fri Oct 14, 2022 12:54 pm

Rich B wrote: Fri Oct 14, 2022 12:50 pm Corporation tax rising again too.

I’m not an economist, but Ireland has done superbly over the last 25 years by offering low corporate tax rates. Attracted loads of industry & jobs, and even ignoring income tax created from the latter - I expect lots of business paying 12.5% is more lucrative to the govt/country than a few businesses paying 19%z

I don’t get it.

regardless of whether it makes sense or not (I agree with you) she rubbished the idea when Sunak was proposing it.

What's the point of them if they're not going to do what they say.

Got to laugh really.

mik wrote: Fri Oct 14, 2022 12:54 pm

Rich B wrote: Fri Oct 14, 2022 12:50 pm Corporation tax rising again too.

I’m not an economist, but Ireland has done superbly over the last 25 years by offering low corporate tax rates.

They may have attracted lots if industries, especially in the Tech Sector, but basing themselves in Ireland and paying Tax in Ireland are two very different things. 12.5% of fuck all is still fuck all.

The 12.5 % rate didn't stop the country plunging into the deepest financial hole in the history of the state and has pissed off the EU for years. Especially the French

mik wrote: Fri Oct 14, 2022 12:54 pm

Rich B wrote: Fri Oct 14, 2022 12:50 pm Corporation tax rising again too.

I’m not an economist, but Ireland has done superbly over the last 25 years by offering low corporate tax rates. Attracted loads of industry & jobs, and even ignoring income tax created from the latter - I expect lots of business paying 12.5% is more lucrative to the govt/country than a few businesses paying 19%z

I don’t get it.

In principle a low corp tax rate is a good thing. The announcement at the mini-budget relied on that in principle, but without actually having costed or budgeted for it - it was unfunded. Hence the markets thinking the Government has lost control.

U-turns won't help because they just indicate that any decision can be reversed at whim, so give no certainty as to policy or future changes.

She's fucked.

Jobbo wrote: Fri Oct 14, 2022 1:09 pm

Oh my god, the new chancellor is Jeremy Hunt

Jobbo wrote: Fri Oct 14, 2022 1:11 pm She's fucked.

yep...

Edit - We're fucked...

Hunt will surely become the shortest serving chancellor yet.