Archive for April 22nd, 2009
We mere mortals, tiny bit players on the vast stage of humanity, and especially we within the borders of the United Kingdom, don’t really get much of a chance to change the way we live, think, are ruled, and most importantly, manage our own finances. I would dwell today on the last because I was today in to see my branch business manager, to sort out what I honestly thought was a computer error in the allocation of interest earned on a sum of money which I have managed to place by for a rainy day!
My query was, naturally, surely there has been some error; a glitch in the magic computer systems which rule all of our lives, as the amount of interest on the sum deposited had reduced by a factor of TEN within the space of three months! When I breezed in to contact the bank on this extremely easily-remedied error, I was told the cold hard facts of life by the apologetic manager in charge of my account.
I then realised how silly I had been; how remiss to forget that I had to pay my share, and once that was factored in to the conversation, all else fell neatly into place!
After all, Fred’s Pension has got to be paid, and there is no alternative, because Lord Myners rubber-stamped the deal; so like it or lump it, the rate of interest on my savings now stands at 0.04%, but Fred’s got that nice BMW X5, and the upkeep on the Yorkshire house must be tremendous; and the shooting parties are so expensive!
One of the many excellent things achieved during the Thatcher years was the reduction of the 83% penal tax rate down to 60%, and thence to 40%, which, incidentally Labour adhered to when first in Government; adhered to, that is, before they found out where the keys to the safe were kept!
Adding the National Insurance take to the old 83% brought the total tax hike to an incredible 93% of salary, and was of course one of the many reasons why so many joined the Brain Drain to happier, financially healthier climes!
So the two Grinning Scots, who share three eyes between them, with not one kept on the finances of the country, but instead all three kept on how to keep themselves in power, are starting the steady climb back towards confiscatory tax regimes for those stupid enough not to have hidden most of their earnings away from the evil gaze of the ZaNULabour apparatchiks in the Treasury and in Whitehall.
To quote the Iron Lady from an interview she gave to the Insitute of Directors:-
Lady Thatcher “In many respects new Labour shows signs of reverting to old Labour with its irresponsible policies of tax and spend. Britain just cannot afford this.”
Like that old ‘protest song’ goes, “when will they ever learn?“