Lloyds Banking Share Discussion Threads

[xxxxxy] 12/6/2019 06:59

M Parnell 11 Jun 2019 9:44PM

If it takes a General Election to drain the Remainer swamp, so be it. Bring it on - regardless of the outcome for the Conservative Party or any other.

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Am Faochagach 11 Jun 2019 9:45PM

@M Parnell

If it takes a General Election to drain the Brexoswamp, so be it. Bring it on - regardless of the outcome for the Conservative Party or any other.


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James Wesley 11 Jun 2019 9:46PM

@Am Faochagach

Get back to cleaning the Reichstag Latrines Fritz.


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A Sims 12 Jun 2019 1:25AM

@M Parnell A Farage- Johnson alliance and a GE would be the best solution. Brexit candidates stand only where the incumband it a remainer, Torys do not stand against Brexit party in Labour or LibDem strongholds.

[stewart64] 12/6/2019 05:52

You will always need some sort of payroll tax separate from income tax to accrue State pension qualifying years.

It's only really important if you have bothered savings otherwise you get enhanced retirement benefits anyway...free rent, council tax, minimum income and disability goes with the territory in most cases.

[grahamite2] 11/6/2019 23:47

There would need to be a new payroll tax to replace employers' NI. There would also need to be a starter rate of income tax to reflect the fact that NI starts to be payable on a very low income indeed, well below the starting point for income tax. But no, I can't see any great problem, and I don't see any need to phase it in over a period of years. It would, in large part, be no more than a change of nomenclature.

[shy tott] 11/6/2019 23:33

I'm sure it wouldn't be simple Graham. I like tax simplification, so combining ni and income tax would be attractive from that pov. But you'd have to look at the revenue distribution throughout taxpayers of ni and then it, and see how that would change if they were combined into it, and what rate of tax and personal allowance would be necessary to get the same tax take. Maybe the burden would shift making the new tax unfair (or maybe it wouldn't). I think ni paying for pensions doesn't apply anymore, but the ni record determines pension levels for individuals, so there's one problem.

If it was seen as advantageous, it doesn't have to be switched in one big adjustment - it could be done over say a decade, with ni rates being lowered a bit and tax rates increased to compensate, and see how the economy and people adjust and whether it stays fair to all.

Do you see some insurmountable problem with why ni can't be abolished for some reason?

[maxk] 11/6/2019 23:17

Give it a rest Min.


The revoke charade was an online mickey mouse fiction.

[minerve 2] 11/6/2019 23:06

Comment on the FT:

Boy, am I am weary of this claim by Tory would-be PMs and their henchfolk to be carrying out the will of ‘the people’. Five million voted for the Brexit party in the European elections and six million signed the Revoke Article 50 Petition. How on earth can we break this narrative?

[grahamite2] 11/6/2019 22:07

Max - no, not flat rate, but instead of having 20% tax and 12% NI, just have 32% tax. Of course it wouldn't be quite that simple, but that would be the essential idea.

[minerve 2] 11/6/2019 21:30

LOL

Oh come on, the male version of Nanny McPhee would be great!

"There is something you should understand about the way I work. When you need me but do not want me, then I must stay. When you want me but no longer need me, then I have to go. It's rather sad, really, but there it is."

LOL

[xxxxxy] 11/6/2019 20:54

R StewRt. If elected. Only gaga people will vote tory

Conservative Party RIP

LEAVE and WTO

[maxk] 11/6/2019 20:08

graham.

Are you talking flat rate across the board?

[grahamite2] 11/6/2019 20:00

Shy Tott, what about the rather interesting idea advanced here yesterday of abolishing the distinction between income tax and NI? That would redistribute wealth from old to young and from rentiers to workers.

[shy tott] 11/6/2019 19:55

Graham, you ask if people on 50 grand should have a tax break. Well yes, everyone should pay less tax and the government should manage on less of our money. However, in the short term, Boris promising tax cut for those over 50 grand with no cuts for those under is just obscene electioneering, and imv will be seen as such. As I posted earlier, the aim of fiscal measures should be to address a fairer balance between old and young, and so Boris' plan is the exact opposite of that, in general favouring older people over younger ones.


Cut the tax take by spending less on benefits. While those genuinely needing benefits should get a fair amount, those scrounging should get nothing. Also, no one should get a new car every two years whatever their unfortunate circumstances imv - cheaper means of giving them mobility should be devised.

[shy tott] 11/6/2019 19:46

smart meters, 2 grand each installed.

Wind turbines, intermittent so need extremely expensive strategies to enable them to generate on the grid. Large subsidies for renewable generation. Closure of cheap nuclear and coal capacity, some of the cleanest coal stations on the planet with decades of life left, obscene waste of resources. £1.01/kWh paid for home solar vs 3p/kWh typical grid cost. Obligation to pay high generation prices for any renewable generation whenever generated even at times of low demand and zero or negative grid prices. Any gain from wind generation simply offset by reliable generation being desynced lowering grid efficiency, lower resource utilisation, increasing costs. I could go on. For days and days.

[diku] 11/6/2019 19:32

And keep his shirt tucked in the trouser...

[alphorn] 11/6/2019 19:21

He might win if he does not open his mouth. Difficult to make up!

[maxk] 11/6/2019 19:08

Boris's path to Number 10 is clear. The only thing standing in his way is an overly-cautious approach


ROB WILSON
Follow 11 JUNE 2019 • 6:00PM






Of all the leadership contenders and their followers, it is perhaps most tense in Boris Johnson’s camp right now. The former Foreign Secretary may be the odds-on favourite; but no Conservative has managed to win the top job from this lofty position in the modern era.

I can well understand this anxiety about not wanting to put a foot wrong – particularly bearing in mind the colossal disaster of his last campaign - so it is unsurprising that Boris’ team is running a low-key effort this time. They will believe that Johnson, so clearly ahead with MPs and party members, simply needs to avoid slipping up during the next few weeks.



More:

[careful] 11/6/2019 19:02

impressed with Rory Stewart.
but he stands little chance.

The Brexit mess rolls on and his no further forward after 3 years.
The next PM will have his work cut out not to create the same chaos as before.

There is little chance of a no deal going through parliament.
The EU. look determined not to re negotiate.
Maybe the EU. will go for no deal now.

Some things have changed.

The EU.is stronger after the recent EU. election.
Trump is being hostile to the EU. They see him as a threat.
They will not want disruptive Farage's crowd.

[xxxxxy] 11/6/2019 18:45

Above. Seems to be lost on some PM hopefuls.

May be better to have a GE and clear out a rotten parliament.

Vote for the Brexit Party for Brexit

LEAVE and WTO

[maxk] 11/6/2019 18:17

Jean-Claude Juncker says EU will never renegotiate its Brexit deal no matter who becomes new PM






James Crisp, brussels correspondent
11 JUNE 2019 • 4:51PM



Brussels will not renegotiate the EU-UK withdrawal agreement no matter who replaces Theresa May as prime minister in the Tory leadership race, Jean-Claude Juncker has said in comments that exposed the looming threat of a no deal Brexit.

Almost all of the leadership candidates have said they would try and renegotiate the withdrawal agreement, which includes the Irish border backstop. Boris Johnson, the favourite, has vowed to leave the EU without a deal unless the treaty is reopened before the October 31 deadline.

“There will be no renegotiations,” the president of the European Commission said at an event in Brussels.

[xxxxxy] 11/6/2019 17:11

The EUSSR is a cemetery for Democracy, New Ideas and Progress.

Lets

LEAVE the EUSSR

LEAVE and WTO

[minerve 2] 11/6/2019 16:44

He completely missed the age of shale.