Voting question 2010

Hi,

Just wondering which party is lowering tax credits? I know conservitives and liberal are saying they are going to scrap tax credits for the top 20% of earners (who-ever they maybe) but not sure if/who has said they are lowering/scraping all together?

[the_lone_wolf]

What they say is one thing

What they will actually be required to do in order to reign in the shambles that is the UK finances is a completely different matter

I don't think anyone is planning to lower them. As you say, there are plans to change who's entitled to them.

Tax Credits....... another Labour shambles. They have to be applied for every year and those who need them most can be, in some cases, those least able to apply for them. And there's a who govt beurocracy devoted to administering them.

Why not just cut tax for those on low incomes and save money on administering them? Oh, sorry, silly me. That would involve reducing the size of govt and the Civil Service.

Labour = Big Govt

From last nights BBC report on the subject, both Con and Lib are planning cuts to the child tax credits, but are intending to use the money to fund another cut elsewhere - Cons to prevent the national insurance rise, and Lib to fund their raising of the income tax threshold.

As the eternally lost one said though, whether they actually can when they see the true state of GB plc might be a different matter.

Yep as said, this country is a MESS. Expect cuts from them all and if they dont come, bonus... well as long as it dont cripple the country any more. heh.

I think i'm the same as everyone else in the fact that I don't want the economy to fall but at the same time my families finances are top priority over the countries economy so as my wife will be on maternity leave soon and is self employed will rely on child tax credits (not working tax credits) so i'll be voting for the party who is going to cut from else where.

[the_lone_wolf]

Originally Posted by SUPERSTARDJ01

I think i'm the same as everyone else in the fact that I don't want the economy to fall but at the same time my families finances are top priority over the countries economy...

But where do you think your finances will be left if the economy does collapse?

Originally Posted by the_lone_wolf

But where do you think your finances will be left if the economy does collapse?

Very true, but I don't want to risk my families welfare at the sametime, they are my priority.

[the_lone_wolf]

Just noticed this on the BBC website, not read it:

http://news.bbc.co.uk/1/hi/uk_politi...es/8652303.stm

Originally Posted by the_lone_wolf

But where do you think your finances will be left if the economy does collapse?

Indeed. You have to look long term. If the government end up like the Greek government tax credits will be the least of our worries.



Anyway. That link looks like unless you earn over £40k under Tories you are safe. If you earn over that... Do you really need the money!?