Never said they had a 1% increase and I said the the 10 years was used to make a point. I don't know how many years it is or what the rises have been but I do know (and so do you) that most of the public sector has been subject to either pay freezes or less than inflation pay rises.taio wrote:If the maths isn't hard tell me how an increase of 7% in corporation tax translates into £19 billion additional revenue.
Prior to the credit crunch the UK was very healthy economically and whilst corporation tax was at a higher rate at it's peak brought in similar revenues as now.
Where is the evidence that public sector works have only had a 1% increase in wages each year for the last 10 years?
My wife is a nurse - the NHS are the biggest employer in the U.K. Are you seriously saying that you think their pay rises in the last few years have been above inflation ?
Your knowledge of the economy prior or post credit crunch is at best pretty basic - and I'm being kind.
Why don't you actually do some research on the amount of small businesses in the UK and their profit levels rather than come out with generic statements about the state of the economy pre and post 2008 ?
I don't need to prove the £19bn of corporation tax receipts because I understand the assumptions and my job for many years is to understand the small business sector - so I already knew what I was talking about.
Whereas you just "feel" it's wrong and the rest is just in your head.
So you know the numbers are based on the corporation tax rate multiplied by the forecast profits of businesses. So which one of these do you not believe ? Presumably since one is simply maths it must be the profits of small businesses ? So why do you think the profit numbers are wrong in comparison to where we stand to today ?....which I presume you must already know.
And why do you think small business profits were more pre 2008 than they have been in the last few years ? When factually this is not correct.
Right I'm going to the pub and then the match whilst you frantically Google !