What a government

[Bentley Bullet]

He's hardly likely to listen to biased members of a 4th division off-topic football forum either.

Get tha'sen a glass of wine.

[River Don]

He's hardly likely to listen to biased members of a 4th division off-topic football forum either.

Get tha'sen a glass of wine.

But I am not trying to tell Boris Johnson what to do, far from it.

I'm simply trying to understand why he no longer has the backbone to stand up for business and low taxes?

[BillyStubbsTears]

Johnson was considering a windfall tax on the 12th of May, but because Tories find it more difficult to take money off people who had earned it than Labour does, it took them longer to impose it.

Starmer wanted it imposing as a first resort.
Johnson wanted it imposing as a last resort.

And how exactly have the energy companies "earned" their excess profits? Any thoughts?

[Bentley Bullet]

One word Billy rides again! I don't recall saying they "earned" it, but I suppose you'll want to change the direction of the thread anyway.

[selby]

Easy Billy, by restricting Supply, letting outfits like Extinction rebellion and every save the planet outfit cause mayhem and had the luck of a crazy war that has woken everyone's thoughts on just where and how dependant we are on some unfriendly power crazy individuals that can upset the apple cart.
  And a government that has a vested interest tax take wise in the high cost of power and fuel costs through VAT and other levies.
  It's money that makes the world go around buddy not ideals, and the people in power do not like using their own when people like you and I are around to pick up the tab.

 

[River Don]

It's energy that makes the world go round.

And right now, the Russians are putting a squeeze on it.

[wilts rover]

As psted above I fully welcolme a Tory chancellor persuing socialist policies - wealth re-distribution is always an excellent idea.

According to the pundits he has given away £15 billion.

The windfall tax that isn't a windfall tax will raise £5 billion.

I am only a poster on a fourth division football forum - but I'm spotting an issue that hasn't yet been raised in those figures...

[River Don]

The cost of living crisis is really an energy crisis

We may have to invest in hydrocarbons in the short term but the lesson of all this is...

We desperately need clean, reliable and cheap energy. Desperately.

However we do it, that is what we need.

Money? Money is just tokens. Paper. Not really worth a thing. Some will tell you money represents gold. that barbaric metal.

What money really represents, mostly is energy.  The power given to us by the sun, that mostly, we take for granted.

We have a shortage of that

[drfchound]

As psted above I fully welcolme a Tory chancellor persuing socialist policies - wealth re-distribution is always an excellent idea.

According to the pundits he has given away £15 billion.

The windfall tax that isn't a windfall tax will raise £5 billion.

I am only a poster on a fourth division football forum - but I'm spotting an issue that hasn't yet been raised in those figures...

Wilts, I assume that the balance might have to be borrowed.

[wilts rover]

As psted above I fully welcolme a Tory chancellor persuing socialist policies - wealth re-distribution is always an excellent idea.

According to the pundits he has given away £15 billion.

The windfall tax that isn't a windfall tax will raise £5 billion.

I am only a poster on a fourth division football forum - but I'm spotting an issue that hasn't yet been raised in those figures...

Wilts, I assume that the balance might have to be borrowed.

Dunno hound, you would presume he would have said if that were the case? It's suprising none of the Tories asked him - I thought they were supposed to be the party that managed people's money effiecently? I presumably they trust the bloke who 'lost' £16 billion in covid loans and raised taxes to the highest level since WW2 to have a magic money tree somewhere?

It's actually £31 billion he promised to give away btw. The £15 billion doesn't include scrapping of payback of the £200 loan + here is the inflation linked rise in benefits from September that will cost another £10 billion.

As I say, I am just a poster on a fourth division football forum. Maybe some of the experts here can help us out on where the money is coming from?

Data from here btw:

https://twitter.com/EdConwaySky/status/1529860113481273346

https://twitter.com/EdConwaySky/status/1529882391233409024

[drfchound]

I feel sure that you won’t be disappointed with regards to fourth division expert advice wilts.
We have one or two posters who will help you out.
I might be stating the bleeding obvious.

[BillyStubbsTears]

One word Billy rides again! I don't recall saying they "earned" it, but I suppose you'll want to change the direction of the thread anyway.

My apologies BB. When you were talking about "taking money of people who had earned it", I thought you were talking about taking money off people who had earned it. I forgot that when you write, you use words to mean summat different from the rest of us. 

[BillyStubbsTears]

Meanwhile...Tories gonna Tory.

https://mobile.twitter.com/JasonGroves1/status/1529857945558831106

[drfchound]

Meanwhile...Tories gonna Tory.

https://mobile.twitter.com/JasonGroves1/status/1529857945558831106

Because no Labour MPs have second homes do they?

From The Mail:
Meanwhile Sir Keir Starmer owns a £1.75million house in Camden and a £600,000 home in Oxted, Surrey.

[SydneyRover]

''Most Tory voters want more affordable housing stock, finds poll

YouGov study also finds most Conservative supporters in favour of higher taxes on second homes

 majority of Conservative voters want their party to deliver more affordable housing and let councils buy up empty properties, according to new polling which suggests that public frustration with the housing crisis is now more evenly spread across the political divide.

Two-thirds of Tories in the UK want new-build developments to include more affordable homes and 68% want higher taxes on second homes and empty properties, according to YouGov polling shared with the Guardian.

https://www.theguardian.com/politics/2022/feb/06/most-tory-voters-want-more-affordable-housing-stock-finds-poll

Maybe just not near where they is all

[SydneyRover]

I think I heard some squealing about MPs owning multiple homes, there's one of those pie chart thingy's in here to ave a gleck at

https://www.nationalworld.com/news/politics/a-government-of-landlords-one-in-six-mps-are-landlords-and-some-have-more-than-10-properties-3453815

[drfchound]

I think I heard some squealing about MPs owning multiple homes, there's one of those pie chart thingy's in here to ave a gleck at

https://www.nationalworld.com/news/politics/a-government-of-landlords-one-in-six-mps-are-landlords-and-some-have-more-than-10-properties-3453815

Good to see that all of them are declaring their rental properties and paying their taxes on them.

[Bristol Red Rover]

I think I heard some squealing about MPs owning multiple homes, there's one of those pie chart thingy's in here to ave a gleck at

https://www.nationalworld.com/news/politics/a-government-of-landlords-one-in-six-mps-are-landlords-and-some-have-more-than-10-properties-3453815

Good to see that all of them are declaring their rental properties and paying their taxes on them.

Does that include the ones in the Caymans?

[big fat yorkshire pudding]

What's wrong with having multiple homes?

[Colemans Left Hook]

Labour have been calling for a Windfall Tax on the energy companies for 4 months.

Just yesterday at PMQs, Starmer asked Johnson why the Govt was still refusing to impose a Windfall Tax. Johnson launched into a tirade of abuse about how Laboour always wanted to take money of people who had earned it.

24 hours later, there's a Windfall Tax.

Like the past is being deleted and Year Zero is announced every new day that dawns.

well done to labour for calling for a windfall tax  -- this is being presented as an original idea have they copyrighted - nobody over the years had thought of this concept - we can BANK on labour

hang on a minute

"17 May 2022 — In 1981, Conservative chancellor Geoffrey Howe introduced a one-off levy on banks, charged at 2.5% of their non-interest-bearing current account ..."


It seems windfall taxes had provenance   and labour is not that smart 
 have they predicted tomorrow is Saturday yet !! that really would be sticking their necks out
---------------

Windfall tax meaning explained | The Independent
https://www.independent.co.uk › climate-change › ener...
1 day ago — A windfall tax is a one-off levy on the profits of companies that are seen to be unreasonably high and raised through good fortune. There have ...

https://www.common-wealth.co.uk/reports/drilling-down

12.1.2022 worth a read
-------------

[drfchound]

I think I heard some squealing about MPs owning multiple homes, there's one of those pie chart thingy's in here to ave a gleck at

https://www.nationalworld.com/news/politics/a-government-of-landlords-one-in-six-mps-are-landlords-and-some-have-more-than-10-properties-3453815

Good to see that all of them are declaring their rental properties and paying their taxes on them.

Does that include the ones in the Caymans?

I don’t know Bristol.
Maybe one or two of our tax experts will answer that one.

[drfchound]

What's wrong with having multiple homes?

Nothing.  It can cause a few hiccups now and then but as long term investments they are good.

[River Don]

CLH

It might have been easier for the Tories to embrace the windfall tax, if Mr Johnson hadn't made so many negative remarks about the idea.

[tyke1962]

The Tories are bricking themselves with the energy crisis .

They know full well that in order to retain power all they have to do is keep just enough people onside and they win .

An energy crisis affects everyone and everything and they know it .

[Bentley Bullet]

One word Billy rides again! I don't recall saying they "earned" it, but I suppose you'll want to change the direction of the thread anyway.

My apologies BB. When you were talking about "taking money of people who had earned it", I thought you were talking about taking money off people who had earned it. I forgot that when you write, you use words to mean summat different from the rest of us. 

Apology accepted, after all, it was YOU who made that comment, and I merely went along with it. I expected you to respond, and (as usual) I was right.

By saying "taking money off people who had earned it," Johnson was generalising (correctly) about Labour's usual policy of taking money off people who earn it to give to those who don't. Labour's policy regarding the windfall tax was no different whether the tax they were demanding was earned or not.

[Bentley Bullet]

The Tories are bricking themselves with the energy crisis .

They know full well that in order to retain power all they have to do is keep just enough people onside and they win .

An energy crisis affects everyone and everything and they know it .

Well, fancy a political party doing something that might be popular with the public! Disgusting!

[BillyStubbsTears]

What's wrong with having multiple homes?

Back to the point of my post.

There's an argument that there's nothing wrong with having multiple homes, although in a society where we have so many homeless and so many others priced out of owning homes, I personally couldn't look at myself in the mirror if I owned a home that was empty for long periods.

Regardless of that, if someone can afford to own more than one home, by definition they don't need and certainly don't deserve to have their heating bills subsidised by public money.

If there's a limited pot of money, a fair approach would be not to subsidise people who evidently don't need it, but to give more support to those on the edge of falling into abject poverty.

[drfchound]

BST, the comment by bfyp was made after a post by your pal sydders who posted a link about MPs having numerous rental properties so it is possible that bfyp was thinking of rentals when he asked his question.
I have tenants who can’t afford to buy or are unable to get mortgages and so have to rent.
They prefer to rent from a private landlord who looks after the property rather than some councils who don’t do even basic repairs or maintainance.
With regards to your comment about people who own multiple properties not having the right to having the heating bill subsidy, would you say that should apply to business owners who are not short of a few quid too.

[River Don]

It's quite surprising that multiple home owners qualify for additional help, whilst carers don't.

I understand why multiple home owners get multiples of the help, simply because it's cheaper to administer.

I'm not sure why carers always get the thin end of the wedge. Given they save the government so much money

[River Don]

BST, the comment by bfyp was made after a post by your pal sydders who posted a link about MPs having numerous rental properties so it is possible that bfyp was thinking of rentals when he asked his question.
I have tenants who can’t afford to buy or are unable to get mortgages and so have to rent.
They prefer to rent from a private landlord who looks after the property rather than some councils who don’t do even basic repairs or maintainance.
With regards to your comment about people who own multiple properties not having the right to having the heating bill subsidy, would you say that should apply to business owners who are not short of a few quid too.

When they talk of multiple home owners recieving the discount, does that mean landlords?

I thought it would be the bill payer. In a rented property that's not usually the landlord.