PowerSwitch Main Page
PowerSwitch
The UK's Peak Oil Discussion Forum & Community
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Summer Budget - July 2015

 
Post new topic   Reply to topic    PowerSwitch Forum Index -> Government and Society
View previous topic :: View next topic  
Author Message
3rdRock
Guest





PostPosted: Wed Jul 08, 2015 8:01 am    Post subject: Summer Budget - July 2015 Reply with quote

http://www.theguardian.com/uk-news/2015/jul/07/george-osborne-slow-pace--12bn-welfare-budget-slash

Quote:
George Osborne to slow pace of welfare cuts

Chancellor expected to reduce £8bn from bill over two years and not to enforce living wage, but could enshrine tax-free minimum pay in law.
Back to top
PS_RalphW



Joined: 24 Nov 2005
Posts: 5770
Location: Cambridge

PostPosted: Wed Jul 08, 2015 3:14 pm    Post subject: Reply with quote

Built in pork for the roads lobby. More and more roads to be built.


http://www.bbc.co.uk/news/business-33447106

Quote:
"One is that new car prices have dropped in real terms over many years and the other is that money raised from VED will be ring-fenced for road investment, something not seen since the 1930s."


Also, there will be a huge flattening of the VED structure, with

"95% of all cars paying the standard rate of £140 after the first year of registration"

which is a huge dent in the progressive tax which currently discourages gas guzzlers.

Party on drivers.
[/code]
Back to top
View user's profile Send private message
snow hope



Joined: 24 Nov 2005
Posts: 4101
Location: outside Belfast, N Ireland

PostPosted: Wed Jul 08, 2015 4:06 pm    Post subject: Reply with quote

That seems a big dis-incentive for people to buy low CO2 emissions cars... how strange Confused
_________________
Real money is gold and silver
Back to top
View user's profile Send private message Send e-mail
clv101
Site Admin


Joined: 24 Nov 2005
Posts: 8694

PostPosted: Wed Jul 08, 2015 10:19 pm    Post subject: Reply with quote

PS_RalphW wrote:
..which is a huge dent in the progressive tax which currently discourages gas guzzlers.


I wonder how much influence VED as though. Aren't manufacture vehicle fleet efficiencies now prescribed by some European law? Even if there was a large market demand for gas guzzlers, no manufacturer would be able to meet it?
_________________
PowerSwitch on Facebook | The Oil Drum | Twitter | Blog
Back to top
View user's profile Send private message Visit poster's website
3rdRock
Guest





PostPosted: Thu Jul 09, 2015 7:48 am    Post subject: Reply with quote

http://www.theguardian.com/business/2015/jul/09/green-energy-sector-attacks-budget-climate-change-levy

Quote:
Green energy sector attacks chancellor's changes to climate change levy

Greenpeace accuses George Osborne’s budget of taxing clean-power schemes as if they were fossil fuel producers.
Back to top
biffvernon



Joined: 24 Nov 2005
Posts: 18539
Location: Lincolnshire

PostPosted: Mon Jul 13, 2015 8:15 am    Post subject: Reply with quote

This little detail must rank among the worst pieces of government policy ever http://www.theguardian.com/uk-news/2015/jul/09/government-third-child-tax-credits-proposal-budget-rape
_________________
http://biffvernon.blogspot.co.uk/
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Little John



Joined: 08 Mar 2008
Posts: 8175
Location: UK

PostPosted: Mon Jul 13, 2015 9:45 am    Post subject: Reply with quote

biffvernon wrote:
This little detail must rank among the worst pieces of government policy ever http://www.theguardian.com/uk-news/2015/jul/09/government-third-child-tax-credits-proposal-budget-rape
Why? Whatever one thinks of a limit to child tax credit on a third and subsequent children, how else would one qualify that rule? Or would you have it that no third or subsequent children should receive child tax credit irrespective? Which, to my mind, would be even worse.

Furthermore, of all the despicable things that this government has enacted, this is one that I can at least live with since it goes, at least some paltry way, towards addressing, if only accidentally, the issue of fertility and population control.

Now, of course, this means that rick folks can get to have larger families than poor folks and that, in itself, is pretty despicable. However, if one further unpacks the consequences of that, it could turn out to bite the rich on their arses. That is to say, the more kids they have, the more their money gets subdivided in the next generation, the more it spreads out into the wider society. Secondly, it means that the supply of labour at the bottom end at least begins to stop accelerating at such speed, in turn reducing the downwards pressure on pay and conditions, if only a little bit. It's worth noting that one of the workings class's biggest jumps upwards in pay and conditions was immediately following the Black Death when demand for their labour remained constant in an environment of much diminished supply.

Of course, all of the above is merely a wild imagining since they will just keep importing cheap labour from abroad to fill any gaps and anyone who objects will be labelled a racist.

Whatever else this piece of legislation does, it lifts the lid, however inadvertently, on population issues. And God help us, that needs to happen.


Last edited by Little John on Mon Jul 13, 2015 11:46 am; edited 1 time in total
Back to top
View user's profile Send private message Send e-mail Yahoo Messenger
3rdRock
Guest





PostPosted: Mon Jul 13, 2015 10:59 am    Post subject: Reply with quote

http://www.theguardian.com/society/2015/jul/11/uk-young-fairness-george-osborne-budget

Quote:
UK ‘failing its young’ as gulf grows between generations

Under-30s fall back sharply in ‘fairness index’, fuelling backlash against George Osborne’s budget.

Quote:
The prospects for young Britons have deteriorated sharply since the Tories entered government in 2010 as money and resources have been targeted at the older generation, according to a devastating new report by economists.

The latest findings of the Intergenerational Foundation, to be published this week, highlight a sharply widening gap on its “fairness index” between people under 30 and those over 60.

The report illustrates how the younger generation is increasingly paying the price for supporting those already in, or approaching, older age as the cost of funding their pensions and healthcare rises.

Since 2010, the report shows, there has been a 10% decline in young people’s prospects across a range of measures including housing, education, health, income and debt. It comes amid a growing backlash from young people against George Osborne’s budget last week in which he announced welfare cuts that will hit many young families, ended automatic entitlement to housing benefit for those aged 18 to 21, and replaced maintenance grants for students with a loan system. Osborne also unveiled plans for a new “national living wage” that will rise to £9 an hour by 2020, giving millions of people a pay rise. But it will not apply to those under 25.
Back to top
PS_RalphW



Joined: 24 Nov 2005
Posts: 5770
Location: Cambridge

PostPosted: Mon Jul 13, 2015 1:58 pm    Post subject: Reply with quote

I have been fortunate to be the beneficiary of two generations of sensible family planning and resultant inheritance. In distant history, all people rich and poor tried for large families, hoping enough would survive to adulthood, and with inheritance generally going to eldest son. In recent generations, the middle classes generally reduced family sizes first, because of education, emancipation etc., and the introduction of pensions. In an industrial society and wage based economy, a large family is a financial liability.

Now we are entering economic decline. When this happened in Russia a couple of decades ago, fertility fell as emancipated women decided for themselves not to have children. In the same period in the UK, fertility has risen, as more middle class 30 something women decided they could have it all (and more first generation immigrants arrived .) Teenage pregnancies have fallen sharply in the same period. We will soon be entering the Russian phase, where young women decide for themselves not to reproduce, because the financial support will not be there.

What happens after that is anyone's guess. Life expectancy is going to decline. The old (my generation in particular because of the demographic bulge) will be where it will show first, but longer term infant mortality will rise because of failing public health services, and declining nutrition.

After a decade or two we may see large families returning for the traditional reasons.

The genetic line of my immediate family tree is going to die out. Both parents were one of 2 siblings, who managed 5 children between the 4 of them. Of those 5, only one child was born, and he is showing no sign of reproducing at the age of 32.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    PowerSwitch Forum Index -> Government and Society All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group