@acrendic@paxangloceltae They have swallowed the mantra that immigration boosts the economy.
Nothing is more toxic to a govn than a recession.
Therefore, high immigration is good politics.
@stuey_beef There is a belief in both parties that immigration grows the economy.
That is any immigration irrespective of the financial means or qualifications of the immigrants.
@Frances_Coppola@Leftwood And even if you don’t put in a penny, you qualify for pension tax credits.
And that is virtually the same.
Except the year the WFA was cancelled.
That year, pension tax credits were more.
@FinanceTiger The triple has effectively been replaced by the triple lock minus your marginal tax rates.
It genius the govn can claim the triple lock but it's been cut st 20%
@GillianMcKeith The govn needs colossal amounts of money. It borrowed 23.3 billion in May alone.
It is incapable of cutting spending, so taxes will rise. The only question is who pays.
It won't be the poor. They are skint.
It won't be the rich. They are mobile.
Only the middle can be taxed.
@JohnHann04 Putting UK borrowing into context.
There are 29m dwellings in the UK subject to council tax.
In May, the government borrowed 23.3 billion pounds.
If each of the 29m dwellings had an invoice to cover just May"s borrowing. The invoice would be £803.
@Sacha_Lord The answer is to reduce corporation tax to zero. You may need to tax profits going offshore. But profits remaining in the UK will either be re-invested or paid as dividends.
In so, dividend taxes are applied.
We may then repatriate profits from parasite countries like Ireland.
@Bornawoman99@goldstone_tony We are not talking about salary.
We are talking about employer pension contributions. Which are paid at a rate of 9 times the private sector.
It is not dependent on qualification. You can be a surgeon, a binman, or a dinner lady.
@AllForProgress_ All govns has a draw called "just too hard to bother with". That is where welfare reform is, alongside immigration and public sector pensions.