tag:blogger.com,1999:blog-16620698.post4946965456858824320..comments2023-11-02T12:12:03.090+00:00Comments on LFB_UK: Tory Party Conference.LFB_UK *The Legend*http://www.blogger.com/profile/07348264440326933003noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-16620698.post-86296698343290551582007-10-05T23:04:00.000+01:002007-10-05T23:04:00.000+01:00Sorry Henry, I do spell check as well, thanks for ...Sorry Henry, I do spell check as well, thanks for the correction.LFB_UK *The Legend*https://www.blogger.com/profile/07348264440326933003noreply@blogger.comtag:blogger.com,1999:blog-16620698.post-15178197081774787142007-10-05T19:35:00.000+01:002007-10-05T19:35:00.000+01:00I hate to be a pedant but it's separateI tend to c...I hate to be a pedant but it's separate<BR/><BR/>I tend to cringe at seperateHenry North London 2.0https://www.blogger.com/profile/14748991488145468593noreply@blogger.comtag:blogger.com,1999:blog-16620698.post-85782416044321217032007-10-03T11:21:00.000+01:002007-10-03T11:21:00.000+01:00The definition of 'local' services is highly arbit...The definition of 'local' services is highly arbitrary, but it appears that average spend per capita is £1,700 with low spending councils spending half as much as high spenders.<BR/><BR/>Further, Council Tax only covers about 20% to 25% of total local government spending.<BR/><BR/>I hate VAT and Employer's NI most, these are the most economically damaging taxes. Flat income/corproation tax of no more than 30% is OK, personal allowance £10,000 is OK. Land Value Tax is simply the least bad tax, any serious economist (Adam Smith, Milton Friedman et al) says so.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-16620698.post-77052293878949083852007-10-03T08:28:00.000+01:002007-10-03T08:28:00.000+01:00Mark, Thanks for the correction about the Barnett ...Mark, Thanks for the correction about the Barnett non formula. Smoking ban to stay in public buildings and pubs serving food. Other pubs and clubs, smoking permitted in smoking rooms but only if state of the art air cleaning is provided. 3.Can't see why not, the point was to try and force the powers that be to live within a budget. (but I bow to your superior financial accumen) 4. I had thought that £400 per household for CT would pay for most of the services, and the additional monies coming from VAT.<BR/><BR/>Mrs M, as above, the higher paying homes (I live in a band A house) would gain, however I believe that most people would spend more money if they had it to spend, that is why I said VAT received to go to the councils as an addition. Again I have no doubt you live within a budget, so why shouldn't the councils be forced to do the same?LFB_UK *The Legend*https://www.blogger.com/profile/07348264440326933003noreply@blogger.comtag:blogger.com,1999:blog-16620698.post-47189621615600016252007-10-02T20:48:00.000+01:002007-10-02T20:48:00.000+01:00Mrs M, sure, for some LVT would be higher than Cou...Mrs M, sure, for some LVT would be higher than Council Tax was (mine would be). <BR/><BR/>But I shall go with LFB's idea of a £10,000 personal allowance and a flat income tax, so working age households would be paying around £2,000 less in income tax as well.<BR/><BR/>Agreed, government grants are skewed to favour Labour councils, that is an outrage in itself.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-16620698.post-66963198564394810002007-10-02T11:31:00.000+01:002007-10-02T11:31:00.000+01:00Don't agree with point four. It would mean that m...Don't agree with point four. It would mean that many people living in some parts of the country would be paying huge amounts per year. That would nearly double the council tax levied on our property. If you put my home into some areas of the country its value could a third of the valuation here.We must remember that people tax taxes, not property. We would like to see the core services paid for from Central Government funds. In that way everyone who uses the services would pay something towards them.<BR/>We would like to see the Government grants fairly distributed across the country. How can it be fair that some councils receive just £80 per head of population and others receive £300? Is that fair? I think not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16620698.post-28494330300468123612007-10-02T10:38:00.000+01:002007-10-02T10:38:00.000+01:00Seems pretty good to me, except:1. It's referred t...Seems pretty good to me, except:<BR/><BR/>1. It's referred to as Barnett formula, even though it is not a formula in any sense of the word, as Lord Barnett has said himself a million times.<BR/><BR/>2. Not clear on smoking ban - will it stay or go?<BR/><BR/>3. In short term, you'll never get income tax plus NI down to 20%, but in short term 30%-ish is do-able.<BR/><BR/>4. I am a fan of Land Value Tax/Progressive Property Tax, to replace Council Tax, IHT, CGT, SDLT and TV licence fee, about 1% of value of home every year would cover it, no exemptions, no exceptions.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com