Recession my arse

[bluebell]

And do you think these mighty recent mega companies such as amazon pay their fair share of tax? No they dont, my family run business and many many others pay a greater proportion of either direct or in direct tax than the likes, of These new Super mega companies? Its not that Amazon do anything illegal, but can legally use the currant tax loopholes that exist to pay a fraction of tax on their income, profits that us smaller companies do, because of our size cant use, and thus gives them a massive competative advantage, its up to UK govt to, urgently shut these loopholes, The consumer buying habits have changed so fast, govt hasnt caught up. Also do you honestly think that the likes of TV luvvies such as gary lineiker, clarkson, and footballers on hundreds of thousands of pounds a week pay the same proportion of tax the average uk worker has to? Its no coincidence many of these ever so rightous luvvies who like to preach there own political views to us poor mugs, have homes in isle of man or jersey

 

[digger64]

We borrowed from the AMC at 14% fixed to buy a small farm in 1974,and an overdraft for another half of the amount,It wasnt easy but doable. Variable costs were lower and produce sales were higher in real inflation adjusted terms.Thats the difference. All the work was done by David Brown 990s,which you could pick up a very decent 2nd hand one for £700-£800. Full time Labour,£40-£50/week,or £2/hour self employed. Red diesel and electric cheap,and no Council Tax,although rates but most exempt.

so the capital value was related to the profitabilty potential of the day to day to business and the ability to service the borrowing from the actual asset ?

 

[jendan]

so the capital value was related to the profitabilty potential of the day to day to business and the ability to service the borrowing from the actual asset ?

All im saying is,it was easier to do then even when interest rates were high,because other costs were lower.

 

[glasshouse]

Was told last night of a local estate owner who has taken farms back in hand and was touring the farms with his new estate manager when they bumped into one of their former tenants. Estate owner introduced the new estate manager to the former tenant along with a young lady, their new consultant.
So you two need an 18 year old girl to tell you what to do was his reply.

Some estates look like its a 5 yr old in charge

 

[deleted user 837354]

Was told last night of a local estate owner who has taken farms back in hand and was touring the farms with his new estate manager when they bumped into one of their former tenants. Estate owner introduced the new estate manager to the former tenant along with a young lady, their new consultant.
So you two need an 18 year old girl to tell you what to do was his reply.

That is gonna end in tears, you wait and see.

 

[deleted user 837354]

Unfortunately our political system allows them to donate to politicians of all parties, and locks the injustice into the system.

This is the biggest problem in the country. The political class are immune from any and all of the effects of policies they dream up.

Your average politico never has a real job, relies on private health care their whole life and sends their kids to private schools. They live in some gated mansion in suburbia and are never bothered by crime or unemployment and will finish up in a £2000 a week care home, never experiencing the issues social care faces or what schools face, or what the police or NHS face.

These people are just leaping along on the back of society and don't have a fudging clue what the real world looks like. A dip into the hard cold pool of reality would cure a lot of this.

 

[toquark]

Was told last night of a local estate owner who has taken farms back in hand and was touring the farms with his new estate manager when they bumped into one of their former tenants. Estate owner introduced the new estate manager to the former tenant along with a young lady, their new consultant.
So you two need an 18 year old girl to tell you what to do was his reply.

I was speaking to a young lady farm consultant the other day actually who was keen to tell me that the company she works for now employed 10 consultants. Looking at them, I doubted if there would have been 10 years experience between them.

She was desperate for me (to pay them) to do a carbon audit, when I politely declined, her response was that it’s going to be mandatory for all farm assurances soon, when I said I wasn’t farm assured she looked at me like I’d just shat in her soup.

 

[Sharpy]

⁸

The answer is simple stop taxing things ALL people/business's need /use on a daily basis like fuel ,food , alcohol and 20% vat on everything -alot of people might as well not bother getting up in the morning . How can people on £9.50 an hour go and buy a pint at £4.50 or fish and chips at £11 ?
Start taxing where the money is -property/profit and remove exemptions reliefs etc. and end the obsession with house prices/ land values/high rents etc - the "opportunity cost " is destroying everything - do other countries have town centres full of charity shops ?
What is the point in asking people for money if they havent actually got any ?
Yes I know all the foreign money will go away-who cares ? , but you might be able afford somewhere to live though , your crops and stock might actually pay your mortgage and give you a salary .
What is point in putting/investing the nations working capital into some thing it already has bought and paid for generations ago ? -the recreation of a victorian economic values era perhaps ?

Nearly everything we buy on the farm is imported -things just cant be made/moved around
competitively here why ?
But such a policy wouldnt get you elected though as house prices are everything .
But they also say you cant buck the market -its going to be interesting soon .

If you need and use alcohol on a daily basis you need help. It's all far too cheap, tax it a lot harder and use the money to hammer drug dealers and reduce addiction. ( Remember tax evasion was what finished Al Capone)

 

[deleted user 837354]

⁸

If you need and use alcohol on a daily basis you need help. It's all far too cheap, tax it a lot harder and use the money to hammer drug dealers and reduce addiction. ( Remember tax evasion was what finished Al Capone)

Just give genuine addicts their drugs on prescription. Seriously. Illegal drug suppliers would be smashed overnight. The social effects of the crime associated with addiction would vanish and you would get a far better grip on the health of addicts as you would be seeing them regularly. The UK government can buy pharma grade morphine far cheaper than any street dealer could dream of.

 

[Sharpy]

Just give genuine addicts their drugs on prescription. Seriously. Illegal drug suppliers would be smashed overnight. The social effects of the crime associated with addiction would vanish and you would get a far better grip on the health of addicts as you would be seeing them regularly. The UK government can buy pharma grade morphine far cheaper than any street dealer could dream of.

Thats not a bad idea on the surface, problem is many addicts would take the free stuff and still buy extra from the dealers.

 

[toquark]

Thats not a bad idea on the surface, problem is many addicts would take the free stuff and still buy extra from the dealers.

Give them as much as they need. Kill the supply chain and get addiction levels under our control, not the dealers. We need to go back to the old British Solution for drug addiction before we were bounced into criminalising everything by the Americans.

 

[Hilly]

We borrowed from the AMC at 14% fixed to buy a small farm in 1974,and an overdraft for another half of the amount,It wasnt easy but doable. Variable costs were lower and produce sales were higher in real inflation adjusted terms.Thats the difference. All the work was done by David Brown 990s,which you could pick up a very decent 2nd hand one for £700-£800. Full time Labour,£40-£50/week,or £2/hour self employed. Red diesel and electric cheap,and no Council Tax,although rates but most exempt.

Well done you !

 

[Goweresque]

Its not that Amazon do anything illegal, but can legally use the currant tax loopholes that exist to pay a fraction of tax on their income, profits that us smaller companies do, because of our size cant use

Amazon use a very simple tax avoidance scheme that anyone can use, its called investing all your trading profits in expanding your business, so there are no accounting profits to tax. Farmers do it all the time, buying new equipment to reduce their tax bills, or borrowing money to take on new land. If you've ever used capital allowances to reduce your tax bill you are doing exactly what Amazon are doing. Their entire business strategy over the last 20 years has been to forgo returning their profits to shareholders in dividends (and thus have them taxed first) but to re-invest them in expanding the business as fast as possible. Which has been a very successful strategy - sales have risen from under $1bn a year 20 years ago to around $470bn last year.

Why Amazon Pays No Corporate Taxes

Amazon is under scrutiny for paying no corporate taxes, but would the country benefit from an increased corporate tax?

www.forbes.com

 

[digger64]

⁸

If you need and use alcohol on a daily basis you need help. It's all far too cheap, tax it a lot harder and use the money to hammer drug dealers and reduce addiction. ( Remember tax evasion was what finished Al Capone)

that policy would just create a black market and near demand destruction - what people like Al Capone thrived on !

 

[digger64]

Thats not a bad idea on the surface, problem is many addicts would take the free stuff and still buy extra from the dealers.

but there wouldnt be any dealers

 

[betweenthelines]

A recession is defined by economists as 2 consecutive Quarters of negative growth in a Country's economy. So the UK is not currently in a Recession.

The UK currently has double digit inflation, if you are over 50, you will remember when this was considered normal, and you will also wonder why anyone considers a Bank Base Rate under 2% as high. You will probably also remember when Norman Lamont and the Tories lost control of economy (due to a US based speculator) and raised interest rates 3 or 4 times in three hours. There's a clip on youtube of Giles Brandreth who was a junior Treasury Minister at the time saying "We didn't know what was happening, we didn't know why it was happening, and we didn't know how to stop it happening"

As for people struggling to pay their bills, some chap rang the Jeremy Vine show the other day saying he was on a salary of £65,000 plus an annual bonus of £10,000 and he was taking a second job as he was struggling to make ends meet! So it's not just people on benefits who are seemingly unable to manage to budget their incomes.

 

[oil barron]

Putting more tax on companies for the government to use as some form of fuel rebate is like someone who needs a blood transfusion. Taking blood from their own right arm. Spilling a chunk of it then dripping it in to their left arm.
If you think big companies are bad, government is the ultimate big company with a monopoly on legalized violence. The size of governments in western countries has been expanding rapidly over the last 5 years which is leading to most of the problems highlighted in this thread. Yet they are still able to spout propaganda that they are the solution and even farmers, the last bastion of the independent thinking man seem to be sucking it up.

 

[oil barron]

Rishi Sunak: No hope of election win if inflation sticks

The ex-chancellor seizes on a warning from the Bank of England at the latest Tory leader hustings.

www.bbc.com

How did dung for brains not realize this when he was still paying 5 million people to stay at home after the pandemic was over?

 

[bobk]

Rishi Sunak: No hope of election win if inflation sticks

The ex-chancellor seizes on a warning from the Bank of England at the latest Tory leader hustings.

www.bbc.com

How did dung for brains not realize this when he was still paying 5 million people to stay at home after the pandemic was over?

Furlough was the biggest financial fukup in history , too much paid to too many

 

[DaveGrohl]

This is the biggest problem in the country. The political class are immune from any and all of the effects of policies they dream up.

Your average politico never has a real job, relies on private health care their whole life and sends their kids to private schools. They live in some gated mansion in suburbia and are never bothered by crime or unemployment and will finish up in a £2000 a week care home, never experiencing the issues social care faces or what schools face, or what the police or NHS face.

These people are just leaping along on the back of society and don't have a fudging clue what the real world looks like. A dip into the hard cold pool of reality would cure a lot of this.

And who do they get in their ears constantly? Advisors and lobbyists who are in the pay of biiiiig money. No wonder they don’t listen to common sense from the little people. They can’t actually hear it.