Average incomes on the slide.
31 March 2005, 03:51 PM
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Average incomes on the slide.
Well, what we all suspect is finally official. New Labour are taxing people so much now that Average incomes are actually falling 
Yes, under New Labour we are all becoming poorer.
http://news.bbc.co.uk/1/hi/business/4396253.stm
Just think how much more we will be collectively burgled by Brown and his merry highwaymen if New Labour get a third term in office.
ANOTHER GOOD REASON TO VOTE THEM OUT!!!
UB
Yes, under New Labour we are all becoming poorer.
http://news.bbc.co.uk/1/hi/business/4396253.stm
Just think how much more we will be collectively burgled by Brown and his merry highwaymen if New Labour get a third term in office.
ANOTHER GOOD REASON TO VOTE THEM OUT!!!
UB
31 March 2005, 03:58 PM
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So you're happy to live in a country where the population is getting progressively poorer then?
Even though of course we are repeatedly told the lie that we've never had it so good.
Even though of course we are repeatedly told the lie that we've never had it so good.
31 March 2005, 04:01 PM
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Over the past 4 years I've had pay rises that were between %3 - 5 of whatever I was on, but with all the extra cr@p that NL have introduced and I'm actually worse off than I was - go figure 
31 March 2005, 04:06 PM
#5
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UB, you really are a wally!!
The MAJORITY of the population are BETTER off!!
"The incomes of poorer households were boosted by new and more generous tax credits, while the better off were hit by rises in income tax, national insurance and council tax"
Its the likes of me that are hit hardest, and why not?? We are well off!
Pete
The MAJORITY of the population are BETTER off!!
"The incomes of poorer households were boosted by new and more generous tax credits, while the better off were hit by rises in income tax, national insurance and council tax"
Its the likes of me that are hit hardest, and why not?? We are well off!
Pete
31 March 2005, 04:24 PM
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Great so the Chavs, Dole Scroungers and Malingerers in general are all better off then - and WE are paying for it.
I can see why you are happy about that falling as you do in more than one of the above catagories.
I can see why you are happy about that falling as you do in more than one of the above catagories.
31 March 2005, 04:25 PM
#7
Originally Posted by pslewis
UB, you really are a wally!!
The MAJORITY of the population are BETTER off!!
"The incomes of poorer households were boosted by new and more generous tax credits, while the better off were hit by rises in income tax, national insurance and council tax"
Its the likes of me that are hit hardest, and why not?? We are well off!
Pete
The MAJORITY of the population are BETTER off!!
"The incomes of poorer households were boosted by new and more generous tax credits, while the better off were hit by rises in income tax, national insurance and council tax"
Its the likes of me that are hit hardest, and why not?? We are well off!
Pete
I think it's the rate of change that is interesting, like in the other thread...
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31 March 2005, 06:15 PM
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Doesnt come as much of a surprise - keeping the economy afloat with massive consumer spending with cheaply borrowed money was never going to be sustainable in the long-run, and now that chapter is coming to an end. Even if the Tories get in (and for everyones sake I hope do.... well more to the point I hope NL dont get back in), then I fail to see how a major recession can be avoided.
31 March 2005, 07:01 PM
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Come on folks, Gordon has rewritten the laws and history of economics. No more boom and bust. House prices can rise forever, you can borrow forever, you can pay more tax, there can be more and more public sector jobs, more and more can depend on the State for their income.
Do you not see, as does pslewis, what a nirvahna you now reside in?
Do you not see, as does pslewis, what a nirvahna you now reside in?
31 March 2005, 07:02 PM
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http://news.money.msn.co.uk/article....e=windows-1252
As covered on another thread I'm sure. In any case add falling income to falling house prices and what do you get?
Here's looking forward to the big one!
As covered on another thread I'm sure. In any case add falling income to falling house prices and what do you get?
Here's looking forward to the big one!
01 April 2005, 11:24 AM
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The real test will come when this artificial boom is shown up for what it is-based on gross borrowing by the exchequer as well as the rape of the pensions, and also by so many people encouraged to do so by the low interest rates.
Once house prices have really dropped and the interest rates have gone up as they will have to eventually, people are really going to feel the bite when they go into negative equity and also have to find even more money to service the coming stealth taxes.
Les
Once house prices have really dropped and the interest rates have gone up as they will have to eventually, people are really going to feel the bite when they go into negative equity and also have to find even more money to service the coming stealth taxes.
Les
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