Discussion:
What a surprise ....
(too old to reply)
A-ja-was
2015-06-13 06:44:09 UTC
Permalink
Raw Message
SNP plans ‘will force income tax to double’

"Another report drawn up for Scottish Labour suggested that the price of
a barrel would need to rise from its current $60 to $200 for Scotland to
break even.

Scottish Secretary David Mundell said the Scottish Government’s
reluctance to press ahead with fiscal autonomy could be explained by the
fact that the basic rate of income tax in Scotland would need to more
than double to cover the near-£10bn gap identified by the IFS."

============

FINANCE secretary John Swinney would have to “more than double” income
tax north of the Border to fill the financial black hole created by the
introduction of the SNP’s plans for full fiscal autonomy, the UK
government has warned.

The claim was dismissed as “ludicrous” by SNP deputy leader Stewart
Hosie but was based on a £10 billion annual funding gap identified by
the UK’s leading independent economic think tank, the Institute for
Fiscal Studies (IFS). The Scotland Office made its calculation as HMRC
released its report into identifying the number of Scottish income tax
payers for new powers set to be introduced next year, which will see the
beginning of an official Scottish rate of income tax.

The row broke out as the SNP’s 56 MPs have been publicly dared to back
an amendment by Tory grandee Sir Edward Leigh to the current Scotland
Bill on further devolution which would deliver full fiscal autonomy for
Scotland. Sir Edward’s amendment was compared by critics to one put down
by the SNP which was described as “a fudge designed to ensure that
Scotland would never get full fiscal autonomy”.

Full fiscal autonomy would mean Holyrood was responsible for all tax and
spending while it paid a supplement to Westminster for defence, foreign
affairs and servicing the national debt.

The issue looks set to be debated in the committee stage of the bill on
Monday against the background of a report by the independent Office for
Budget Responsibility (OBR) which said that oil and gas revenues will be
virtually wiped out as a significant tax take, with an expected £2bn
coming into the Exchequer between 2020/21 and 2040/41 instead of the
previous estimate of £37bn.

The OBR claimed while the expected revenues were much lower because of
the dramatic fall in the price of a barrel of oil, a rise in the price
would still leave “minimal” tax revenues because of the cost of
decommissioning former oil and gas fields.

Highlighting an admission by Mr Swinney that he could use powers already
agreed for Holyrood and due to come in next year to raise income tax, Mr
Mundell said: “The onus is now on the Scottish Government to tell us
what the new rate is going to be. John Swinney has already confirmed
that he is considering increasing tax.”

He went on: “If full fiscal autonomy were ever to happen then the basic
rate of income tax in Scotland would need to more than double to keep
spending at current levels.

“Even the First Minister now accepts that fiscal autonomy would be a
burden for Scotland to shoulder. They are demanding something they don’t
want so that they can complain when they don’t get it.”

Mr Hosie described the claims as “ludicrous”. He said: “The UK had a
deficit of around £75bn in the most recent financial year – so by his
bizarre logic, Westminster would have had to raise taxes by £75bn in a
single year to be financially viable.
[...]

http://www.scotsman.com/news/politics/top-stories/snp-plans-will-force-income-tax-to-double-1-3801144
The Other Guy
2015-06-13 07:14:26 UTC
Permalink
Raw Message
Post by A-ja-was
FINANCE secretary John Swinney would have to “more than double” income
tax north of the Border to fill the financial black hole created by the
introduction of the SNP’s plans for full fiscal autonomy, the UK
government has warned.
And we ALL know how trustworthy the UK government is.






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Gargantua
2015-06-13 11:06:20 UTC
Permalink
Raw Message
Post by A-ja-was
FINANCE secretary John Swinney would have to “more than double” income
tax north of the Border to fill the financial black hole created by the
introduction of the SNP’s plans for full fiscal autonomy, the UK
government has warned.
: And we ALL know how trustworthy the UK government is.
As all governments in the world....-;)
BTW, the fiscal policy will be then in the hand of independent
Scottish government - NOT UK...-;)


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McGrath
2015-06-18 08:02:22 UTC
Permalink
Raw Message
Revealed: the widening gulf between Scotland's super-rich and super-poor
SCOTLAND's super-poor are now 10 per cent worse off than they were when Tony
Blair came to power - while the super-rich thrive.

http://www.heraldscotland.com/news/home-news/revealed-the-widening-gulf-between-scotlands-super-rich-and-super-poor.129336303?utm_source=headlines&utm_medium=email&utm_campaign=email%2Balert
Peter Jason
2015-07-17 05:55:00 UTC
Permalink
Raw Message
Post by McGrath
Revealed: the widening gulf between Scotland's super-rich and super-poor
SCOTLAND's super-poor are now 10 per cent worse off than they were when Tony
Blair came to power - while the super-rich thrive.
http://www.heraldscotland.com/news/home-news/revealed-the-widening-gulf-between-scotlands-super-rich-and-super-poor.129336303?utm_source=headlines&utm_medium=email&utm_campaign=email%2Balert
Nothing new. Just as "the poor are always with us", so are the rich.
Has anyone done an IQ test of the population and correlated the brains
with the wealth? Are Muslims and Africans in the "poor" or "rich"
class?
Adam Whyte-Settlar
2015-09-22 10:31:25 UTC
Permalink
Raw Message
SNP plans 'will force income tax to double'
"Another report drawn up for Scottish Labour suggested that the price of
a barrel would need to rise from its current $60 to $200 for Scotland to
break even.
And you actually believed this garbage did you?
Dear oh dear.
David Edmunds
2015-09-22 13:43:03 UTC
Permalink
Raw Message
SNP plans 'will force income tax to double'
"Another report drawn up for Scottish Labour suggested that the price of
a barrel would need to rise from its current $60 to $200 for Scotland to
break even.
Scottish Secretary David Mundell said the Scottish Government's
reluctance to press ahead with fiscal autonomy could be explained by the
fact that the basic rate of income tax in Scotland would need to more
than double to cover the near-£10bn gap identified by the IFS."
============
FINANCE secretary John Swinney would have to "more than double" income
tax north of the Border to fill the financial black hole created by the
introduction of the SNP's plans for full fiscal autonomy, the UK
government has warned.
The claim was dismissed as "ludicrous" by SNP deputy leader Stewart
Hosie but was based on a £10 billion annual funding gap identified by
the UK's leading independent economic think tank, the Institute for
Fiscal Studies (IFS). The Scotland Office made its calculation as HMRC
released its report into identifying the number of Scottish income tax
payers for new powers set to be introduced next year, which will see the
beginning of an official Scottish rate of income tax.
The row broke out as the SNP's 56 MPs have been publicly dared to back
an amendment by Tory grandee Sir Edward Leigh to the current Scotland
Bill on further devolution which would deliver full fiscal autonomy for
Scotland. Sir Edward's amendment was compared by critics to one put down
by the SNP which was described as "a fudge designed to ensure that
Scotland would never get full fiscal autonomy".
Full fiscal autonomy would mean Holyrood was responsible for all tax and
spending while it paid a supplement to Westminster for defence, foreign
affairs and servicing the national debt.
The issue looks set to be debated in the committee stage of the bill on
Monday against the background of a report by the independent Office for
Budget Responsibility (OBR) which said that oil and gas revenues will be
virtually wiped out as a significant tax take, with an expected £2bn
coming into the Exchequer between 2020/21 and 2040/41 instead of the
previous estimate of £37bn.
The OBR claimed while the expected revenues were much lower because of
the dramatic fall in the price of a barrel of oil, a rise in the price
would still leave "minimal" tax revenues because of the cost of
decommissioning former oil and gas fields.
Highlighting an admission by Mr Swinney that he could use powers already
agreed for Holyrood and due to come in next year to raise income tax, Mr
Mundell said: "The onus is now on the Scottish Government to tell us
what the new rate is going to be. John Swinney has already confirmed
that he is considering increasing tax."
He went on: "If full fiscal autonomy were ever to happen then the basic
rate of income tax in Scotland would need to more than double to keep
spending at current levels.
"Even the First Minister now accepts that fiscal autonomy would be a
burden for Scotland to shoulder. They are demanding something they don't
want so that they can complain when they don't get it."
Mr Hosie described the claims as "ludicrous". He said: "The UK had a
deficit of around £75bn in the most recent financial year - so by his
bizarre logic, Westminster would have had to raise taxes by £75bn in a
single year to be financially viable.
[...]
http://www.scotsman.com/news/politics/top-stories/snp-plans-will-force-income-tax-to-double-1-3801144
Who reads the Scotsman these days?

David Martin Edmunds

PS Scotland built up a cumulative negative deficit of 70 BILLION between 1981 and 2008.
Custos Custodum
2015-09-22 14:26:12 UTC
Permalink
Raw Message
Post by A-ja-was
SNP plans 'will force income tax to double'
"Another report drawn up for Scottish Labour suggested that the price of
a barrel would need to rise from its current $60 to $200 for Scotland to
break even.
Scottish Secretary David Mundell said the Scottish Government's
reluctance to press ahead with fiscal autonomy could be explained by the
fact that the basic rate of income tax in Scotland would need to more
than double to cover the near-£10bn gap identified by the IFS."
===========
FINANCE secretary John Swinney would have to "more than double"
income tax north of the Border to fill the financial black hole
created by the
introduction of the SNP's plans for full fiscal autonomy, the UK
government has warned.
The claim was dismissed as "ludicrous" by SNP deputy leader Stewart
Hosie but was based on a £10 billion annual funding gap identified by
the UK's leading independent economic think tank, the Institute for
Fiscal Studies (IFS). The Scotland Office made its calculation as
HMRC released its report into identifying the number of Scottish
income tax payers for new powers set to be introduced next year,
which will see the
beginning of an official Scottish rate of income tax.
The row broke out as the SNP's 56 MPs have been publicly dared to
back an amendment by Tory grandee Sir Edward Leigh to the current
Scotland Bill on further devolution which would deliver full fiscal
autonomy for
Scotland. Sir Edward's amendment was compared by critics to one put down
by the SNP which was described as "a fudge designed to ensure that
Scotland would never get full fiscal autonomy".
Full fiscal autonomy would mean Holyrood was responsible for all tax and
spending while it paid a supplement to Westminster for defence, foreign
affairs and servicing the national debt.
The issue looks set to be debated in the committee stage of the bill on
Monday against the background of a report by the independent Office for
Budget Responsibility (OBR) which said that oil and gas revenues will be
virtually wiped out as a significant tax take, with an expected £2bn
coming into the Exchequer between 2020/21 and 2040/41 instead of the
previous estimate of £37bn.
The OBR claimed while the expected revenues were much lower because
of the dramatic fall in the price of a barrel of oil, a rise in the
price would still leave "minimal" tax revenues because of the cost of
decommissioning former oil and gas fields.
Highlighting an admission by Mr Swinney that he could use powers already
agreed for Holyrood and due to come in next year to raise income tax, Mr
Mundell said: "The onus is now on the Scottish Government to tell us
what the new rate is going to be. John Swinney has already confirmed
that he is considering increasing tax."
He went on: "If full fiscal autonomy were ever to happen then the basic
rate of income tax in Scotland would need to more than double to keep
spending at current levels.
"Even the First Minister now accepts that fiscal autonomy would be a
burden for Scotland to shoulder. They are demanding something they don't
want so that they can complain when they don't get it."
Mr Hosie described the claims as "ludicrous". He said: "The UK had a
deficit of around £75bn in the most recent financial year - so by his
bizarre logic, Westminster would have had to raise taxes by £75bn in a
single year to be financially viable.
[...]
http://www.scotsman.com/news/politics/top-stories/snp-plans-will-force
-in
come-tax-to-double-1-3801144
Who reads the Scotsman these days?
Fatboi. It's one of his main sources of anti-Scottish rhetoric.
Post by A-ja-was
David Martin Edmunds
PS Scotland built up a cumulative negative deficit of 70 BILLION between 1981 and 2008.
Charles Ellson
2015-09-22 17:34:03 UTC
Permalink
Raw Message
<snip>>
Post by David Edmunds
PS Scotland built up a cumulative negative deficit of 70 BILLION between 1981 and 2008.
A "negative deficit" ?
soupdragon
2015-09-23 18:05:01 UTC
Permalink
Raw Message
Post by A-ja-was
"Even the First Minister now accepts that fiscal autonomy would be a
burden for Scotland to shoulder. They are demanding something they
don't want so that they can complain when they don't get it."
Mr Hosie described the claims as "ludicrous". He said: "The UK had a
deficit of around œ75bn in the most recent financial year - so by his
bizarre logic, Westminster would have had to raise taxes by œ75bn in
a single year to be financially viable.
[...]
http://www.scotsman.com/news/politics/top-stories/snp-plans-will-force
-in
come-tax-to-double-1-3801144
Who reads the Scotsman these days?
David Martin Edmunds
PS Scotland built up a cumulative negative deficit of 70 BILLION between 1981 and 2008.
.. otherwise known as a surplus. It is a bizarre claim. Every country
in the world, other than a couple oil rich Gulf states runs a deficit.
Charles Ellson
2015-09-24 04:09:28 UTC
Permalink
Raw Message
Post by soupdragon
Post by A-ja-was
"Even the First Minister now accepts that fiscal autonomy would be a
burden for Scotland to shoulder. They are demanding something they
don't want so that they can complain when they don't get it."
Mr Hosie described the claims as "ludicrous". He said: "The UK had a
deficit of around œ75bn in the most recent financial year - so by his
bizarre logic, Westminster would have had to raise taxes by œ75bn in
a single year to be financially viable.
[...]
http://www.scotsman.com/news/politics/top-stories/snp-plans-will-force
-in
come-tax-to-double-1-3801144
Who reads the Scotsman these days?
David Martin Edmunds
PS Scotland built up a cumulative negative deficit of 70 BILLION between 1981 and 2008.
.. otherwise known as a surplus. It is a bizarre claim. Every country
in the world, other than a couple oil rich Gulf states runs a deficit.
It's also 7 years out of date and the amount at any time seems to be a
figure that isn't necessarily certifiable rather than a best guess
obtained by extraction from the UK figure.

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