20% vat

[JCB]

Be fair, on the date set by the Labour Government! They could say they're not putting it up,they're putting it back to where Labour had it. In fact they probably will.

The Labour government reduced vat from 17.5% to 15% for a few months .

The Con-Lib government are increasing it from 17.5% to 20% .

I'm criticising neither . I'm just totally confused about the economics of all parties , and to what extent their policies are effective in a global economy .

 

[walkinman221]

The Labour government reduced vat from 17.5% to 15% for a few months .

The Con-Lib government are increasing it from 17.5% to 20% .

I'm criticising neither . I'm just totally confused about the economics of all parties , and to what extent their policies are effective in a global economy .

So are they

 

[JCB]

So are they

True .

We can so easily be blown off course by events beyond our governments control .

I had money in the Anglo-Irish Bank . When things started to worsen in Ireland I decided to put it in the Abbey , but now they are the Spanish Santander .

 

[walkinman221]

True .

We can so easily be blown off course by events beyond our governments control .

I had money in the Anglo-Irish Bank . When things started to worsen in Ireland I decided to put it in the Abbey , but now they are the Spanish Santander .

Yes and they have been busy lately sending everybodys details and bank statements to other people, have you checked yours lately?

 

[JCB]

Yes and they have been busy lately sending everybodys details and bank statements to other people, have you checked yours lately?

Perhaps that's why I haven't had a statement on an investment for a long while .
I'll be down to see them this week .

Thanks .

 

[walkinman221]

Its in the paper they have sent statements to people with other peoples details in them and also the statements have been delayed because of some computer cock up

 

[entwisi]

Which is actually unlikely to be a Santander cock up actually. Most Banks outsource printing to secure specialist companies to do this sort of work. They provide datasets to be printed and to reduce risk they only have up to 35K in one set and the system is reset after that. From my "slightly" more informed position based on the rumours around it appears to be some cock up in how the dataset was interpreted but teh job reset at 35K stopped it being worse. At the end of the day its Santanders name on the top and its their contract/contractor that I would hope has some penalty clauses in there!

 

[walkinman221]

As you say Santanders name at the top their responsibility to make sure things are right,customer service, security and satisfaction should be THEIR priority its with them people have entrusted their money.

 

[BERNADETTE]

Which is actually unlikely to be a Santander cock up actually. Most Banks outsource printing to secure specialist companies to do this sort of work. They provide datasets to be printed and to reduce risk they only have up to 35K in one set and the system is reset after that. From my "slightly" more informed position based on the rumours around it appears to be some cock up in how the dataset was interpreted but teh job reset at 35K stopped it being worse. At the end of the day its Santanders name on the top and its their contract/contractor that I would hope has some penalty clauses in there!

OMG I can't believe I'm reading this, but hey it's a Santanders "cock up". Well who is to blame if "Santander" employ a company who is "not up to the job which they were employed for"??? Northern Rock springs to mind but by the by hope your investments are safe because you appear to have scant regard for how other folks will cope if their savings disappear down the same drain. Hope your investor is reset to retieve your investments because "penalty claues" or not no ones money is safe IMHO

 

[Neil]

Which is actually unlikely to be a Santander cock up actually. Most Banks outsource printing to secure specialist companies to do this sort of work.

So it is 100% Santander's fault. They should have there licence removed or whatever for a cock up like that.

 

[Mancie]

The Labour government reduced vat from 17.5% to 15% for a few months .

The Con-Lib government are increasing it from 17.5% to 20% .

I'm criticising neither . I'm just totally confused about the economics of all parties , and to what extent their policies are effective in a global economy .

Oh careful now.. you are entering into the realms of even having the gall to question the economic wisdom of this government.. expect some name calling and abosolute rubbish replies from the tory boys on here.

 

[steeljack]

the "cock-up" was probably outsourced offshore as there being no suitable labour available in the UK to process it , another reflection on 13 years of mis-rule in the educational sector .

 

[Mancie]

the "cock-up" was probably outsourced offshore as there being no suitable labour available in the UK to process it , another reflection on 13 years of mis-rule in the educational sector .

Only "13 years of mis-rule" Steeljack?..there seems to be some sort of mental barrier of 13 years you people can't go beyond!

 

[gynn]

Well, it is obvious that the poor are going to be more affected by paying VAT.......they have much less disposable income....but at least it isn't a tax that the rich can wriggle out of easily by paying an accountant to find the legal loopholes.

I think you will find armies of accountants advising businesses of the items of personal spending that can be put through the business's books. That way the VAT can be offset.

I used to know someone who asked friends to retain any receipts they got, so he could pass them on to his accountant to see if they could go through his company's books...people who had absolutely nothing to do with the company!

He's long since dead, by the way!

 

[jaysay]

Only "13 years of mis-rule" Steeljack?..there seems to be some sort of mental barrier of 13 years you people can't go beyond!

Probably because never before have 13 years been such a bloody disaster

 

[JCB]

Oh careful now.. you are entering into the realms of even having the gall to question the economic wisdom of this government.. expect some name calling and abosolute rubbish replies from the tory boys on here.

I have little faith in the economic wisdom of any of our politicians .

We had 18 years of Conservative rule , and no one was more glad than me to see the back of them in May 1997 .
But then the Labour government came on the scene and I had great hopes . These were dashed mainly because of their foreign policy . With the size of their majorities and three consecutive wins , they were given the chance of a liftime . Instead they let what are traditionally known as Labour stalwarts down .

 

[lancsdave]

As we sell clothing it's a double whammy for us. Our suppliers bring out their new catalogues in January and with it the price changes. The price of cotton has risen by 50% in the past year and we stood several smaller price rises through the last 6 months, but we can't hold our prices any longer.

 

[walkinman221]

Probably because never before have 13 years been such a bloody disaster

I have no real time for any political parties as the are all as bad as each other ,not giving a stuff for the ordinary people like us.But as soon as the tories were elected my first thought was that people have short memories their last time in power brought a lot of problems to this country. Much like labours last try. Having said that this lot has a cabinet made up of predominately millionaires so what will they know of the real world that we inhabit.

 

[Less]

a cabinet made up of predominately millionaires so what will they know of the real world that we inhabit.

They will know the following:-

1. Legal minimum wage, (and will apply it wherever possible).
2. How to shake hands with the right hand whilst twisting the blade further in with the left).
3. What is morally wrong for the ordinary man and that it doesn't apply to them because they can buy their way out of it.
4. Never to mix socially with ordinary people unless there is an excellent chance of screwing a large profit from them.
5. Never under any circumstances to reveal even with the threat of death, that the leaders of Labour & the Lib Dems are just as bad.
6. How to remove any organisation that is a threat to the other five.

Are we still here?

Obviously accyweb isn't considered a threat then.

 

[jaysay]

They will know the following:-

1. Legal minimum wage, (and will apply it wherever possible).
2. How to shake hands with the right hand whilst twisting the blade further in with the left).
3. What is morally wrong for the ordinary man and that it doesn't apply to them because they can buy their way out of it.
4. Never to mix socially with ordinary people unless there is an excellent chance of screwing a large profit from them.
5. Never under any circumstances to reveal even with the threat of death, that the leaders of Labour & the Lib Dems are just as bad.
6. How to remove any organisation that is a threat to the other five.

Are we still here?

Obviously accyweb isn't considered a threat then.

Ya but we're a special case Less