The Budget 2017 and Agriculture .

onthehoof

Member
Mixed Farmer
Location
Cambs
This rabbit out of the hat is all rubbish, it's our money that's being pee'd away, i'd rather they cut back abit and paid off the national debt, 43 billion is the interest on that for a start!
So if interest rates go from 0.5 to 1% that rises to 86 billion and if rates rise to 4%

...... hang on I need to find a calculator
 

S J H

Member
Livestock Farmer
Location
Bedfordshire
I guess because they have been used to reduce tax
Big corporations are doing the same though,

I went limited to reduce my liability in case of an accident, aswell as the tax benefits, but the money I have saved on tax has been reinvested and still been spent.
 

RobFZS

Member
But the gov wants to have it to spend, after all they spend it so wisely :rolleyes:
McDonnell was on the bbc talking a load of shite about corporation tax, they had the facts that it's earnt more for the taxman than when it was a higher level, yet he then went on to say the investment is not coming in, so they tackled him on that saying the business's just wont setup here if the tax rate is too high, and then he goes on to say that pretty much all investment should be done by the state with the supposed ' tax receipts' from the higher corp tax rate will pay for it, seems to me it's nothing to do with economic facts, and more to do with the labour narrative of a class war.
 

Robw54

Member
Location
derbyshire
So if interest rates go from 0.5 to 1% that rises to 86 billion and if rates rise to 4%

...... hang on I need to find a calculator

Isn't a fair bit of that debt owed to the Bank of England ? Plenty of those gilts will have been issued at a far higher rates too. Whilst I'm all for living within your means it's seems they are now on a crusade to balance the budget. Never heard so many ordinary people complaining about the level of taxation at the moment. The deficit is smaller than in the 2000s vs GDP by a big margin. So many hidden new taxes now like the Probate fees hike.

I get the impression they won't bat and eye lid about taking the pen to farmers subs.
 

SFI - What % were you taking out of production?

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    Votes: 3 1.2%
  • 100% I’ve had enough of farming!

    Votes: 13 5.0%

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