RAM
15th July 2002, 12:54
I am anoyed. The healine brown raise taxes then loads more money into services fine. But as a percetage of GPD is 42% by the year 2008 bassed ona growth in the econy of 2.5% and incresing borrowing. That's still **** ! One spending as a ercentage of GDP was 50% in 1975! Its dropped since rising and falling but in the end going down to 37% in 2000. Its still not enough we ahould raise spenidn back up to 1975 levels. They should increse taxes big time and now! I hat the attuide I don't like paying tax then we wonder why our services are **** ! Also in 2008 NHS spenign is menat to be 105.6 bn £ thats still nothing. Could other people give deatils of how much there countires spend in services as a % of GDP and NHS speding?
Also in 2000 the tresurey under spent by the following
Education £1.4bn
Welfare to work £0.83bn
Transport and regions - £0.53bn
Scotland £0.44bn
Trade and Industry £0.4bn
= 3.6bn not spent!
So in the year 200/01 348.8bn-3.6bn (money not spent)= 345.2bn
Also transport speding is set to go up to 14.4bn by 2005-6
In 2005/6 overally goverment spending will be 471bn which is 42% of GDP
1% of GDP is £11.2bn pounds
So if I want to get up to 50% of GDP then 42%+8%=50%
or in money 471bn+89.5bbn (8% of GDP)= £560.5 bn whic is suprisingly low.
Thats what I want. That would then mena more borrowing or increse taxes to pay for £89.5bn
I hvae worked out how they would find the money. EU preferces menas don't borrow more than 35 of GDP 3%of GDP= 33.6bn (1%=11.2bn)
So 89.6-33.6=55.9bn left over. 1p incress on national insurnece= 3.8bn. So if you put up nation isurnce buy 15p that would mean 3.6bn*16p=57.6bn. Which mena that 33.6bn form borroiwng + 57.6bn form national insurnce= 91.2bn raised. I know there would be highr payments but 15p for large companies would be bad so split it betwwen othere taxes
Ambitoues I hope not!
In 2005/6 to spend 471bn pounds the tresurey will bowory 17bn.
So 471-17bn (Borrowing amount)= £454bn from taxes.
Is my mathes right?
(Edited by RAM at 2:39 pm on July 15, 2002)
Also in 2000 the tresurey under spent by the following
Education £1.4bn
Welfare to work £0.83bn
Transport and regions - £0.53bn
Scotland £0.44bn
Trade and Industry £0.4bn
= 3.6bn not spent!
So in the year 200/01 348.8bn-3.6bn (money not spent)= 345.2bn
Also transport speding is set to go up to 14.4bn by 2005-6
In 2005/6 overally goverment spending will be 471bn which is 42% of GDP
1% of GDP is £11.2bn pounds
So if I want to get up to 50% of GDP then 42%+8%=50%
or in money 471bn+89.5bbn (8% of GDP)= £560.5 bn whic is suprisingly low.
Thats what I want. That would then mena more borrowing or increse taxes to pay for £89.5bn
I hvae worked out how they would find the money. EU preferces menas don't borrow more than 35 of GDP 3%of GDP= 33.6bn (1%=11.2bn)
So 89.6-33.6=55.9bn left over. 1p incress on national insurnece= 3.8bn. So if you put up nation isurnce buy 15p that would mean 3.6bn*16p=57.6bn. Which mena that 33.6bn form borroiwng + 57.6bn form national insurnce= 91.2bn raised. I know there would be highr payments but 15p for large companies would be bad so split it betwwen othere taxes
Ambitoues I hope not!
In 2005/6 to spend 471bn pounds the tresurey will bowory 17bn.
So 471-17bn (Borrowing amount)= £454bn from taxes.
Is my mathes right?
(Edited by RAM at 2:39 pm on July 15, 2002)