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Today's Budget

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Boothy:
As a public sector worker I'm likely to get raped by the budget. Not looking forward to it at all.  :sad1:

andrewparker:
Drinkers of strong cider beware!

scotta:

--- Quote from: vRS Carl on June 22, 2010, 08:10:44 am ---

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.


--- End quote ---

You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.

vRS Carl:

--- Quote from: scotta on June 22, 2010, 09:25:40 am ---
--- Quote from: vRS Carl on June 22, 2010, 08:10:44 am ---

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.


--- End quote ---

You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.

--- End quote ---

That's why I'm not chancellor  :signLOL: :signLOL:

neg:
I just heard the words 'quarter of a trillion'

I think there just making these things up, I'm waiting for Dr Evil to appear!

 :laugh:

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