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The mkiv Supra Owners Club

Pre-budget Report


Gaz Walker

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Sick of it all, Guy Faulks had the right idea, blow thrm all to hell, it's where they belong. Give with one hand and then take back with the other.

2.5% cut in VAT helps noboddy. They should have put VAT down to 10% and made all companies VAT registered, that way the general public would see the benefit on goods, all businesses would be playing on the smae field, and it would make it harder for the cowboy traders to operate.

It really ticks me off as a small VAT registered business to go around trying to get work legitimately and above board when I get replies from potential clients "he was a lot cheaper, he can do it for cash!"

As of this month I have no work coming in, and none for the new year but still have to pay all of my expensices out every month which equates to a good salary for someone. Were is the government now trying to help the small fry?

All these people claiming benefits and running around in their white vans need tobe found and dealt with.

 

Rant over for now

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I read this morning that the temp VAT reduction is aimed at saving the average family £270 next year, for one year only. How much have peoples energy bills, road tax, etc etc gone up.

 

:lol: Ohh whoopy fapping doo :lol:

 

Do they live in the real world, I think not :(

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One of the managers just told me that the VAT cut excludes fuel, is that right? I can't find anything on the report about it..

 

The VAT will be reduced on fuel too, however they are increasing the Duty on it to make up the difference, so in effect no change.

 

And you can guarantee when they increase VAT in 2010 again, the duty won't be reduced ;)

 

Best Regards,

 

Gaz.

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All these people claiming benefits and running around in their white vans need tobe found and dealt with.

 

Rant over for now

 

Yes, that is a big problem. I for one have absolutely no missgivings about reporting someone who was claiming benefits and working for cash. They are stealing from everyone of us and causing a massive problem for the country as a whole.

 

HMRC say that if everyone who should pay tax did pay then everyone would pay significantly less. The black economy is stronger than ever and legit business like mine and thousands of others dont get a look in when people do it on the cheap for cash. Don't get me wrong I can see why people do work/pay cash but once you see how it affects a small legit business and the country as a whole it is very destructive.

 

I think we all have to accept some cash going around but we should remember to support smaller and local business and spread our money around.

 

For example - my wife used to do all our weekly shopping at Tesco etc. Like any family our weekly food bill is quite large. All of that money went straight into Tesco and in return she thought she was getting a bargain price and convenience. For many months now she has been splitting her shopping. Some of it still goes to Tesco because it is convenient and on her way home from work but all the fresh stuff she gets locally. She is therefore supporting the baker, the greengrocer, the butcher, the local general store as well as the independant petrol station etc. The amazing thing is it costs NO MORE. It is a great big con if you believe Tesco and the majors offer better quality and value.

 

Local shops can give you better service, value and quality as well as a bit of gossip, a friendly bit of advise and they will often let you lay stuff by to pick up later etc.

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The VAT will be reduced on fuel too, however they are increasing the Duty on it to make up the difference, so in effect no change.

 

And you can guarantee when they increase VAT in 2010 again, the duty won't be reduced ;)

 

Best Regards,

 

Gaz.

 

Thats what I thought, he seemed to think VAT was the same and duty was increasing - thank god it's not. I expect with the price of petrol going down it's a safer bet to have an increased 'set' duty rather than a decreasing percentage cut.. :rolleyes:

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Local shops can give you better service, value and quality as well as a bit of gossip, a friendly bit of advise and they will often let you lay stuff by to pick up later etc.

 

You're slightly missing the point there though.

The reason why I for one only very, rarely use local small business for much of anything isn't because of cost, but because of convienience.

 

Using your example, when was the last time you saw a local butcher open 24 hours, or even open till 8pm? I've not searched but I'm fairly sure my local butcher isn't going to have a website where I can order on-line and will deliver the goods to my door.

 

I think the key to small business success is customer service. The moment it becomes a hassle to the customer, whether that be for inconcienient opening hours, seemingly poor quality goods, or paying over the odds, they'll go somewhere else.

The large corporate companies are winning big, because they achieve the balance extremely well. (As their ridiculously large profits show!)

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I think the key to small business success is customer service. The moment it becomes a hassle to the customer, whether that be for inconcienient opening hours, seemingly poor quality goods, or paying over the odds, they'll go somewhere else.

The large corporate companies are winning big, because they achieve the balance extremely well. (As their ridiculously large profits show!)

 

:yeahthat:

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For me, the recent changes by the chancellor mean absolutely nothing.

 

What has made a REAL difference is Merv King et al reducing interest rates ... and hopefully they will do so by another 0.5% next month ...

 

As my mortgage payments come down, its going to save me about £6000 next year ... and that's CASH in my wallet, real money, no false expectations, no politics, just hard cash.

 

I know that not everyone has a mortgage so it doesnt help everyone, and that people who save are negatively impacted ...

 

Maybe the government should let the Bank of England set the VAT rates as well, and keep the politics away from fiscal policy. Yeah right ... we wish !

 

All of the actions are based on the recession turning around in 2009 ... but what if it doesn't ... who is going to sort out the problems then ? And, why does the government need to interfere with the companies that are struggling anyway ... why not just let the greedy, badly managed ones go under leaving the healthy ones ?

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You're slightly missing the point there though.

The reason why I for one only very, rarely use local small business for much of anything isn't because of cost, but because of convienience.

 

Using your example, when was the last time you saw a local butcher open 24 hours, or even open till 8pm? I've not searched but I'm fairly sure my local butcher isn't going to have a website where I can order on-line and will deliver the goods to my door.

 

I think the key to small business success is customer service. The moment it becomes a hassle to the customer, whether that be for inconcienient opening hours, seemingly poor quality goods, or paying over the odds, they'll go somewhere else.

The large corporate companies are winning big, because they achieve the balance extremely well. (As their ridiculously large profits show!)

 

Yes Tony, I agree but I said she still shops there because of the convenience and there are times when you do need a packet of mince meat late at night just because you finish work late etc.

 

The point is that we all spend a huge amount in one or two shops. If we spread our money around a little it supports the large number of small businesses out there that employ a lot of people, pay a lot of tax, keep the local economy going etc. The chancellor has got it wrong. He should be telling people not to forget the smaller businesses and spread their cash around. That would help the economy in my opinion.

 

I am sorry if this is putting this thread off topic so I have started another one about support for small business and I hope everyone will contribute. Thanks

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I just wish they'd be simple and honest with taxation - a straight income tax of about 21% would return enough money to the government without the need for tax bands, VAT, fuel duty etc. It's the stealth taxes that piss people off - being taxed to drive to work to earn money which gets taxed, leaving a little to spend which also gets taxed.

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I see they've been caught out planning a future VAT hike to 18.5% now. :(

 

Spin guru Mandelson is trying to deflect fire:

http://www.telegraph.co.uk/finance/financetopics/budget/3522368/Lord-Mandelson-defends-Gordon-Brown-from-Tory-accusations-of-planning-secret-tax-bombshell.html

"...a legal document laid before Parliament states that VAT will "subsequently increase to 18.5 per cent in 2011-12". It is signed by Stephen Timms, a junior Treasury Minister."

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I just wish they'd be simple and honest with taxation - a straight income tax of about 21% would return enough money to the government without the need for tax bands, VAT, fuel duty etc.

 

Yes tax the poor the same as the rich! That would be nice wouldn't it. I'll bet my house you didn't study economics :p

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Yes tax the poor the same as the rich! That would be nice wouldn't it. I'll bet my house you didn't study economics :p

 

I did actually. Did you? I'll expect your house deeds and keys in the post.

 

I didn't subscribe to the socialist party newsletter however.

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Personally I'd rather see luxury items taxed more like 20%...and the extra used given to the lowest income homes through reduced income taxes...

 

I could also quite happily accept a 22.5% base rate of income tax with an increased tax free amount, say ~8k. After that I think a 45% band from £50K+ would be affordable.

 

Lets face it we're in the sh1t so we either pay a little more now or a lot more later, if I was in charge I'd go for a slight tax hike now and start building up the coffers to pay for all the banks we're going to end up owning...and then cap all bonus's.///and force banks to have a better balance of debt to assets.

 

The govt. also need to encourage manufacturing and low skilled empolyment oppertunities. They can do this through bribes subsidies etc if they really want to get people in work and improving the economy.

 

etc etc waffle waffle...

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It all costs money though.

 

I've always wondered why the government didn't nationalise Rover and make it's own police and service cars. The amount of meoney the UK spends on cars must be huge and ofcourse they could have sold these things to other RHD countries. Could have been a nice little cash cow.

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  • 1 year later...

Did the last batch of changes have the desired impact?

 

What can we expect from the pre-budget report today?

 

Obviously bankers are going to get hit, climate change will be used to hurt motorists despite cars not being responsible for 90% of CO2 output and VAT is going up again.

 

A focus on jobs for the young while the older folks with skills get ignored.

 

Green, green... more green and a bit more green too, to heck with it, get invading!

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Her Majesty's Government will reduce vehicle use by means of:

-- a tax on all new supermarkets and out of town shopping centres

-- tax relief for corner shops

-- a tax on companies who set up in the south east

-- tax relief for companies who set up anywhere but in the south east

-- a policy to build local hospitals and doctors' surgeries

-- a policy to encourage food to be sold local to the place it's produced

-- encouragement for companies to decentralise their offices to reduce commuting

-- a plan to move civil servants to small local offices away from London

 

Her Majesty's Government will announce a tax on reproducing that bloody photograph of a polar bear, which was a few yards from land on a perfectly normal ice floe for the time of year, as an example of man-made global warming.

 

Her Majesty's Government will announce a tax on attributing every rainstorm and gale to global warming.

 

Her Majesty's Government will announce that all CO2 taxes are to be repealed, because they have discovered that their policies on CO2 and anthropogenic global warming were driven by a computer program, written by an undergraduate, which took some guesses made by half a dozen scientists down the pub, then guessed a bit more, then printed "You're all doomed! Doomed I tell ye! Give us a research grant. Go on, give us one. Please mister. Pleeeease." in big red letters.

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