espadrille Posted June 23, 2010 Share Posted June 23, 2010 Ok If you had been on a spending spree and had encountered way over what your credit card told you that you were allowed. You get the credit card statement at the end of the month and it is looking pretty bleak. Your borrowing has gone way over what the bank told you that you could have . So , you sit down and think,what shall I do about this level of debt? You may get in touch with citizens advice bureau , talk to some other people who are in a similar situation, ask them what they have done about their debt problems, but after all the thinking and planning, you wouldn't sit back and say, well, Im not going to tackle this debt now, Im going to leave it for a couple of years until I ( hopefully) get a better paid job and then I am going to start to think about what to do about paying it back. You would then look at what you could manage without to enable you to start eating in to the debt and pay some back each month over a period of time. You may say that you want to have it cleared in the next 2 years so you would work out how much you have to claw back in order to do that. It is simple mathematics and accounting. Doing nothing means that you get in to further difficulties.You encounter even more debt each day that goes by that you dont tackle it. The Chancellor/ the coalition cant take risks with our money any longer. Responsible people dont do that. Judge the performance of the Lib Dems in the coalition by acknowledging that if Nick Clegg had not entered in to talks with the conservatives, every man , woman and child may be even worse off now as the introduction of the higher tax band would not have been brought in. The Lib Dems have been able to get the Conservatives to acknowledge that extremism of any kind doesn't bode well for the country. We need, and have a balanced coalition, and whilst neither party can have everything that they want and need, no one party would be able to achieve that in these kinds of unprecedented situations. Link to comment Share on other sites More sharing options...
Cyclone Posted June 23, 2010 Share Posted June 23, 2010 Maybe you should have a labour love in group. The few of you that can't see what labour did to the country can then post your repetitive drivel where it won't bother the rest of us. Link to comment Share on other sites More sharing options...
mj.scuba Posted June 23, 2010 Share Posted June 23, 2010 What have the Libdems got out of this Budget? They got a lesson in making tough decisions at the top. Link to comment Share on other sites More sharing options...
Cyclone Posted June 23, 2010 Share Posted June 23, 2010 Perhaps he's going to keep it until whoever thought up the '£500' line checks his sums. If the VAT rise will cost each family £500 a year, then given that the VAT increase is 2.5%, raising the present level from 17.5% to 20%, then £500 = (2.5 x V)/120, where V is the total annual expenditure (including VAT) of each family on vattable goods. V = £24,000. So - after it has paid income tax and NI, spent money on rent/mortgages, children's clothes, electricity, gas (or oil or whatever it heats its mansion with), food, TV Tax, put aside money for pensions, paid council taxes, paid all other low or zero-rated bills - each family in the UK has £500 a week to spend as it likes. I bet you didn't realise you were so well-off.:hihi: Apparently the average disposable income over the entire country is about 12.5k/annum http://www.statistics.gov.uk/articles/economic_trends/ET633RegionalHouseholdIncome.pdf Which makes it about a £250 increase on average. Link to comment Share on other sites More sharing options...
espadrille Posted June 23, 2010 Share Posted June 23, 2010 Ignorance is bliss. But it is not ignorance, it is a well balanced way of thinking, if you read his explanatory post 26 Link to comment Share on other sites More sharing options...
crookesey Posted June 23, 2010 Share Posted June 23, 2010 Ignorance is bliss. And it's also out of power, thank god. Link to comment Share on other sites More sharing options...
Glennis Posted June 23, 2010 Share Posted June 23, 2010 a place on the government on the backs of lies and deceit well done all you libdem voters who thought u was doing the right thing:thumbsup: I won't vote for Clegg again. Link to comment Share on other sites More sharing options...
slimsid2000 Posted June 23, 2010 Share Posted June 23, 2010 Nick Clegg has got a new pair of trousers from a rather smart gents outfitter on Savile Row. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted June 23, 2010 Share Posted June 23, 2010 Apparently the average disposable income over the entire country is about 12.5k/annum http://www.statistics.gov.uk/articles/economic_trends/ET633RegionalHouseholdIncome.pdf Which makes it about a £250 increase on average. So if disposable income averages 12.5k per annum and the VAT increase will cost the average family £250 and the Chancellor has increased the personal tax allowance by £1000 (thus saving a basic-rate taxpayer £200) then the net difference - the massive burden imposed on the average family by the amazingly unfair VAT increase - is £50. Less than £1 a week. Those families who earn less than average will have a lower than average disposable income and will thus spend less on VAT. They will get the same tax allowance as everybody else, so the 'huge' VAT increase will hurt them less. If you don't want to pay VAT, think about what you buy. Do you really need the latest mobile/an I-Pad/ a new 42" TV/ a new car? If you want one of those things, go and buy it - but be prepared to pay the tax on it. Link to comment Share on other sites More sharing options...
andyofborg Posted June 23, 2010 Share Posted June 23, 2010 I won't vote for Clegg again. if you don't live in the sheffield hallam constituancy then you certainly wont Link to comment Share on other sites More sharing options...
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