"Abiding by the letter of the manifesto as well as the spirit"
Got something to say or just want fewer pesky ads? Join us... 😊
*** The 2017 Budget *** Official Matchday thread
- Thread starter greyseagull
- Start date
Ernest
Stupid IDIOT
Omni shambles 2. You can't TRUST a Tory with the economy
ManOfSussex
We wunt be druv
The lady's not for turning, but Mr Hammond is.
Chancellor forced to back down on NIC increase for self-employed
Been put across the PM's knee and given a damn good thrashing!
From BBC
Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge.
In a letter to Tory MPs, he said: "There will be no increases in... rates in this Parliament."
Mr Hammond will explain the U-turn in a Commons statement later.
Been put across the PM's knee and given a damn good thrashing!
From BBC
Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge.
In a letter to Tory MPs, he said: "There will be no increases in... rates in this Parliament."
Mr Hammond will explain the U-turn in a Commons statement later.
Shambles.
spring hall convert
Well-known member
The disabled I'd imagine.
Massive own goal !
This should please Enrest !!
Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge.
In a letter to Tory MPs, he said: "There will be no increases in... rates in this Parliament."
Labour's Jeremy Corbyn said the U-turn showed a government "in chaos"
This should please Enrest !!
Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge.
In a letter to Tory MPs, he said: "There will be no increases in... rates in this Parliament."
Labour's Jeremy Corbyn said the U-turn showed a government "in chaos"
LamieRobertson
Not awoke
Couldn't really trust Jezza either ..who seems to have missed an opportunity of a slam dunk at PMQ's
Yep, the government have done a U turn and the only acceptable thing to do in the circumstances are for them all to resign after calling a General Election.
Billy the Fish
Technocrat
They really are all useless c**s aren't they 
Unfortunately todays PMQs seems to encapsulate and exemplify the competency defecit of both the government and the opposition. Politics in this coutry is a complete and utter shambles at the moment. The government is unable to stand up to its right wing shires men and women who are now leading the country out of the EU and are facilitating the break-up of the UK (in both cases they haven't got a scooby what the consequences are going to be) and the opposition is in complete thrall to its left wing and, like a rabbit caught in a headlight, is completely immobilised as a result.
nicko31
Well-known member
23 years to win a election, 23 months to chaos
If they want to impose a Brexit levy going after NI on the self employed is far too blunt a tool. FFS just scrap the triple lock on pensions instead
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,566
My guess is the dividend tax. Corporation Tax will fall by 1% next month, so someone earning £50,000 profit will be better off by £500. A 1 1/2% hike in dividend tax from 7 1/2% to 9% would cost owner-managers of Ltd companies c. £400, so they'd still be better off by c. £100. Crucially, that rate of 9% would be the same as the Class 4 National Rate that is paid by the self-employed.
A tax rise without breaking the triple lock.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,300
an interesting plan. if he had any minerals he'd tackle the anomaly of higher rate tax payer pension relief, recovering double figure billions and not really impacting anyone directly.
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,566
Agreed. The Higher Rate relief is very generous, particularly to those within 10 years of retirement age who will be accessing the funds shortly anyway.
Leekbrookgull
Well-known member
You are not the first and won't be the last to suggest something like,but Hammond won't. Neither would Labour.
nicko31
Well-known member
Real black hole in gov. finances now. Tories made a ridiculous manifesto pledge to not put up VAT, NI or Income tax. But of course they didn't budget for the slow motion car crash of Brexit
Ernest
Stupid IDIOT
They have a long term economic plan, there manifesto said so
Beach Hut
Brighton Bhuna Boy
Shocking U-turn however I cannot warm to May one bit, she appeared totally indecisive and now proved.
Maggie would have turned in her grave at this farcical cock-up
Maggie would have turned in her grave at this farcical cock-up