- Mon Jul 01, 2024 3:42 pm
#71173
Also, I think, the expectation of what tax rates should be was very much set by the 80s-90s, in which tax rates were kept low by windfalls from North Sea Oil and privatisation proceeds. Neil Kinnock and John Smith tried to raise them in 1992 and massively underperformed. So here we are.
Killer Whale wrote: ↑Mon Jul 01, 2024 2:30 pmDemographics is very important, like all across Europe. I think older people cost something like ten times the average to the NHS, before you get to the pensions. The Triple Lock has in my view been a mistake, given how hard other things have been squeezed and how hard it is to raise taxes to pay for funding those other things as well. I'd have done more of the Gordo targeted approach.Tubby Isaacs wrote: ↑Mon Jul 01, 2024 1:59 pm Trouble is that taxes aren't low by historical British standardsCan anyone point me to a decent explainer that can tell me why this should be the case at the same time as there being no money for basic services? I don't need an idiots' guide - I studied Economics to degree level, albeit as part of a politics degree, just something reasonably concise and readable.
Also, I think, the expectation of what tax rates should be was very much set by the 80s-90s, in which tax rates were kept low by windfalls from North Sea Oil and privatisation proceeds. Neil Kinnock and John Smith tried to raise them in 1992 and massively underperformed. So here we are.