Tom retweetledi
Tom
20.2K posts

Tom
@tommog
Entrepreneur. Fitness enthusiast. Dog lover. Advocate of free markets and financial freedom
Katılım Şubat 2009
462 Takip Edilen283 Takipçiler
Tom retweetledi
Tom retweetledi

Government borrowing hits 4.8% under @trussliz. @RachelReevesMP says Truss was ‘reckless’ and put the economy in danger. Government borrowing hits 5.6% when Reeves is Chancellor, and she says: “I’ve put out economy back on a firm footing” and implies she’s an economic genius 🙄
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Tom retweetledi
Tom retweetledi

Just split the country in half already - split the money, build a wall & let me live in the bit they're not in.
Jack Roworth@RoworthJack
Hannah Spencer is here in Manchester dancing.
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@Mattburns82 @CeeMacBee You’re not wrong Matt. Taxes do discourage what is taxed. Hence taxing income wealth and investment is so stupid
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@CeeMacBee Taxes are used by governments to encourage and discourage. Taxes are high on things like smoking, alcohol, fossil fuels because they want to discourage their use. Tax breaks are offered to things like green energy and electric cars. We need to ween ourselves off fossil fuels
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If anyone doesn't believe in the Laffer curve, here is a good example of Laffer in action:
Labour increased tax on oil and gas production to 78% last year - despite warnings from the industry that it would decimate investment and cost thousands of jobs.
New data shows that the UK's North Sea revenues have now fallen from £9.9billion in 2022/23 - when the Energy Profits Levy (EPL) was introduced - to £4.5billion in 2024-25, the year the tax was increased.
Revenue from the EPL - which is one of three taxes levied on the sector - has itself fallen from £4.2billion to £2.7billion over the same period.
The figures - which were published in the Scottish Government's Expenditure and Revenue Scotland (GERS) report - also show decommissioning expenditure rising, which will accelerate the UK Government's near £11billion bill for the removal of North Sea infrastructure.
@realartlaffer
agcc.co.uk/news-article/n…
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@BBCNewsnight She is confusing GDP versus GDP per capita. India has a higher GDP than the U.K. But their average salary is about $400 a month and several million of them don’t even have a toilet. But yay GDP
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"The economy grows because the population grows; tax revenues grow because more people pay those taxes."
Mehreen Khan, economics editor of the Times, says the government's goals of economic growth and a reduction in immigration numbers are contradictory.
#Newsnight
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Tom retweetledi

DRILL BABY DRILL !
Shale gas can bring our bills down, make us energy independent and create jobs and prosperity
It is gross negligence not even to try to extract our energy treasure newspaper.mailplus.co.uk/data/6535/read…
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@David__Osland I am. I was a child under Thatcher and remember seeing my parents and their friends start businesses from practically nothing and build themselves up. There was a pride and belief in the country that we were going places.
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Tom retweetledi
Tom retweetledi

Any foreign national involved in the Asian grooming gang scandal should be deported, and NEVER allowed back into our country.
Any dual national involved should be stripped of their British citizenship and removed from our country, NEVER to return.
Their right to a 'family life' in the UK or whatever else is irrelevant. They gave that up when they raped or abused young and vulnerable British girls.
If they have a wife or child here? It does NOT matter. Deport these monsters.
Any British citizen involved should be punished in the harshest possible way.
Any official involved in covering up the scale of the vast abuse should feel the FULL force of the law - criminal prosecutions.
We need a comprehensive, free and fair inquiry. NO stone left unturned.
How much is still ongoing now? How much is unreported? How much is being ignored by the authorities? How many girls are suffering TODAY? Sadly, those questions may give answers the establishment doesn't want us to hear.
The British people deserve to know the truth, the full ugly truth.
Mass rape of young British girls - tolerated and covered up, all to protect multiculturalism and political correctness.
Barbaric. These men are animals and should be treated as such.
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Tom retweetledi

Tom retweetledi

Trump is President-elect for two days:
- Stock market hits record high
- Migrant caravan at our border dissolves
- Hamas calls for end to war
- Bitcoin hits record high
- Putin ready to end Ukraine war
- Qatar kicks out Hamas leaders
- EU will buy U.S. gas not Russian gas
- Putin will sell oil in U.S. dollars
- Zelenskyy phones Trump & Elon
- NYC Mayor ends vouchers for illegals
- Mexico to stop migrants at U.S. border
- China wants to work peacefully with us
- Big U.S. company to move out of China
I repeat: Trump has been President-elect for two days.
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Tom retweetledi

#Trump was elected 48 hours ago. He’s not even in power yet. BUT. The #Houthis have stopped attacking #Israel. The #EU is buying US gas not #Russian. #Qatar has kicked #Hamas out. World #Oil prices have dropped. The US stock market has soared. The US is sending engineers to Ukraine & the Liberals are crying 👌
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He knew about Al Qaeda immediately, he spent August lying about 'far right' and @elonmusk , he dumped the story out now so budget would hide it
RETWEET so people know
Keir Starmer@Keir_Starmer
This is a huge day for Britain. After 14 years of decline, we will invest in our country - rebuilding our schools, hospitals and roads. We won’t shy away from the tough decisions to grow our economy and protect working people’s payslips. There is a brighter future ahead.
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Tom retweetledi
Tom retweetledi

Investment carries risk. So if you tax gains at 45% you are offering investors 55% of the upside but 100% of the downside.
What sane person invests on this basis?
And a huge chunk of long term gains is just inflation, meaning it isn't real. So high CGT is a tax on a lot of gains that aren't even gains.
There is definitely a case for tapered tax on gains, so short term gains are taxed more like income, (although very complex to administer) but high tax rates on long term gains are a major brake on investment.
And without investment, improving UK growth will be impossible.
jeremy warner@JeremyWarnerUK
I can think of few things more guaranteed to undermine the high investment economy the Government aspires to than to raise the rate of capital gains tax to 40pc telegraph.co.uk/politics/2024/…
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@RachelReevesMP Like a nationalised energy company that only invests in renewables that are intermittent at best, heavily subsidised and will cost us a fortune you utter helmet
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With our new fiscal lock, never again can a government play fast and loose with the public finances.
ft.com/content/51efed…
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