On Wed, 13 Jun 2018 10:09:16 -0000 (UTC)
Recliner wrote:
Basil Jet wrote:
On 2018\06\11 12:05, Roland Perry wrote:
In message , at 10:53:46 on Mon, 11 Jun
2018, remarked:

a hub airport brings very little to the UK other than pollution and
profit for Heathrow Plc.

It brings a great deal of employment (on the airport and off it).

It also makes routes which were not otherwise economic to operate,
available to locals to fly on.

... which makes London one of the most connected places in the owrld to
locate a business HQ, which brings more money and talent into the country.


Indeed so, which is why the business community is so keen on the next
runway being at Heathrow. London has been losing out to Amsterdam, Paris
and Frankfurt, and government after government has been agreeing with the

Losing out how exactly? You do know that London is the largest financial
centre in europe and even after Brexit only unilever has shifted to amsterdam
and thats only legally. Oh, and Paris is 2 hours away by train - much quicker
than the plane overall, not that many executives want to work in france with its
45% tax rate for high earners and punitive job laws.

wrote:
On Wed, 13 Jun 2018 10:09:16 -0000 (UTC)
Recliner wrote:
Basil Jet wrote:
On 2018\06\11 12:05, Roland Perry wrote:
In message , at 10:53:46 on Mon, 11 Jun
2018, remarked:

a hub airport brings very little to the UK other than pollution and
profit for Heathrow Plc.

It brings a great deal of employment (on the airport and off it).

It also makes routes which were not otherwise economic to operate,
available to locals to fly on.

... which makes London one of the most connected places in the owrld to
locate a business HQ, which brings more money and talent into the country.


Indeed so, which is why the business community is so keen on the next
runway being at Heathrow. London has been losing out to Amsterdam, Paris
and Frankfurt, and government after government has been agreeing with the

Losing out how exactly? You do know that London is the largest financial
centre in europe and even after Brexit only unilever has shifted to amsterdam
and thats only legally. Oh, and Paris is 2 hours away by train - much quicker
than the plane overall, not that many executives want to work in france with its
45% tax rate for high earners and punitive job laws.

I realise that you're not, and never will be, a high earner, so you can be
excused for not knowing that some people in Britain have marginal tax rates
of more than 20%. In fact, the top UK tax rate is 45%, plus 2% employees’
primary class 1 rate above upper earnings limit, so effectively 47%.

On 13/06/2018 11:30, Recliner wrote:

I realise that you're not, and never will be, a high earner, so you can be
excused for not knowing that some people in Britain have marginal tax rates
of more than 20%. In fact, the top UK tax rate is 45%, plus 2% employees’
primary class 1 rate above upper earnings limit, so effectively 47%.

Then again, at the bottom end, if you take withdrawal of benefits into
account, some people have an effective tax rate in excess of 100%. I
know one person who, if they work 20 hours a week instead of 16, is less
well off in spite of working more, as they lose some in work benefits.

--
Tciao for Now!

John.

On Wed, 13 Jun 2018 11:43:27 +0100, John Williamson
wrote:

On 13/06/2018 11:30, Recliner wrote:

I realise that you're not, and never will be, a high earner, so you can be
excused for not knowing that some people in Britain have marginal tax rates
of more than 20%. In fact, the top UK tax rate is 45%, plus 2% employees’
primary class 1 rate above upper earnings limit, so effectively 47%.

Then again, at the bottom end, if you take withdrawal of benefits into
account, some people have an effective tax rate in excess of 100%. I
know one person who, if they work 20 hours a week instead of 16, is less
well off in spite of working more, as they lose some in work benefits.

Yes, there are strange bumps in the marginal tax rate curve, and there
are indeed short stretches where the marginal rate can be very high
indeed, even over 100%. The idea of universal credit was to prevent
these anomalies for low earners.

There are also accidental bumps in the marginal tax rate as people
climb the scale; see:
https://www.telegraph.co.uk/news/2017/06/01/number-high-earners-caught-60pc-tax-trap-set-double/

However, the 47% marginal rate is deliberate and applies over the
whole range for very high earners.

On Wed, 13 Jun 2018 10:30:21 -0000 (UTC)
Recliner wrote:
wrote:
On Wed, 13 Jun 2018 10:09:16 -0000 (UTC)
Recliner wrote:
Basil Jet wrote:
On 2018\06\11 12:05, Roland Perry wrote:
In message , at 10:53:46 on Mon, 11 Jun
2018, remarked:

a hub airport brings very little to the UK other than pollution and
profit for Heathrow Plc.

It brings a great deal of employment (on the airport and off it).

It also makes routes which were not otherwise economic to operate,
available to locals to fly on.

... which makes London one of the most connected places in the owrld to
locate a business HQ, which brings more money and talent into the country.


Indeed so, which is why the business community is so keen on the next
runway being at Heathrow. London has been losing out to Amsterdam, Paris
and Frankfurt, and government after government has been agreeing with the

Losing out how exactly? You do know that London is the largest financial
centre in europe and even after Brexit only unilever has shifted to amsterdam
and thats only legally. Oh, and Paris is 2 hours away by train - much
quicker
than the plane overall, not that many executives want to work in france with
its
45% tax rate for high earners and punitive job laws.

I realise that you're not, and never will be, a high earner, so you can be
excused for not knowing that some people in Britain have marginal tax rates
of more than 20%. In fact, the top UK tax rate is 45%, plus 2% employees’
primary class 1 rate above upper earnings limit, so effectively 47%.

The french 45% rate starts at a lower income than the UK, and it used to be
considerably lower when the pound was higher against the euro. Also france
- for some inexplicable reason - don't have the equivalent of PAYE so even
some guy on minimum wage in a warehouse has to do his own taxes at the end of
the year. Couple that with it being almost impossible to fire someone in france
and you can see why not many people want to work there. Most brits who move
out there are retired.

On 13/06/2018 11:55, wrote:


Also france
- for some inexplicable reason - don't have the equivalent of PAYE so even
some guy on minimum wage in a warehouse has to do his own taxes at the end of
the year.

The lack of compulsory deduction of _income_ tax from wages and salaries
in France is readily explained if you look at the French fiscal system
and talk to French officials in the equivalent of HMRC and Treasury.
But it's only of historical interest as employer withholding is due to
start in January 2019.


--
Robin
reply-to address is (intended to be) valid