National insurance tax hike

Awful lot of jealousy, snipping and ignorant greed shown in this thread, if Johnson’s plan is the worked out and costed plan he spoke about at the election then god forbid I ever see a knee jerk reaction from he and his gang.
As a 60 year old retiree( and former specialist in long term care and later life financial advice) I see nothing wrong with contributing something ( not all) to my care, IF I need it.
This bunch of idiots have kicked the issue into the long grass again.
The other really BIG issue here , really MASSIVE issue is the price of houses.
how can a market exist where no one ( other than corporate or foreign investors) can enter.
House prices will collapse if nothing changes and then the negative equity issue will prevent the credit culture that maintains this joke of an economy, then we will really be in trouble.
 
Corco65 said:
When I first started paying tax and NI I think the rate was 30% tax and 9% NI before then I think tax was 33% or something around that and this was the basic rate.

However, care, home helps, prescriptions, university and many other things were free and public transport cheap.

Thatcher and the Tories wanted people to pay less tax, so income tax rates were cut and indirect tax like VAT significantly increased.

It was the start of the survival of the fittest, keep your own money, but buy your own services when needed, the socialist (not communist) of support, care and education from cradle to the grave was being dismantled, there was profit to be made from caring for others, public essentials and utilities. Public sector services were derided by the right wing press and Tories so they could get their hand on the assets and make money. People were seen as a commodity to be exploited by the greedy for profit rather than provide a service at cost base because of need.

Essential public services of health, care, education, transport, and utilities should be provided by the state at cost price and not left to free markets to profiteer, why can't good services be provided at a fair and decent price, covered by a decent and fair rate of tax, this way the majority benefit, rather then a select few to make a profit.
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You've pretty much summed it up there.

Our government are determined to follow the ultra capitalistic lead of the good old USA.
 
In 1958 you could buy a decent house on Teesside for £2,000 - risen to £180,000? now. Mortgage relief was given I think at basic rate of income tax so many people had say 30% of their mortgage paid for by the Goverment? On Teesside house prices have risen much less than many parts of the country too. OK houses need money spending on them, but they provide a rent free home too. Some buying for the first time then is probably now on theIr late 80s.
 
Redwurzel said:
In 1958 you could buy a decent house on Teesside for £2,000 - risen to £180,000? now. Mortgage relief was given I think at basic rate of income tax so many people had say 30% of their mortgage paid for by the Goverment? On Teesside house prices have risen much less than many parts of the country too. OK houses need money spending on them, but they provide a rent free home too. Some buying for the first time then is probably now on theIr late 80s.
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Quite misleading RW. Interest rate relief only started in the 80's (so in your example not applicable) and lasted less then 20 years, stopped altogether in 2000. Also relief was only on interest charged so you still paid 100% of all you borrowed and in your example 70% of the interest charged. So no one had 30% of their mortgage paid for them, the mortgage is the amount you borrowed which always had to be paid in full, but for a relatively short period of time some people didn't pay as much of the interest for the prilidge.
 
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