L322 Road tax Proposed

The surplus is loaned to the government through the Debt Management Office (which is part of the Commissioners for the Reduction of the National Debt), via instruments termed 'Call Notice Deposits'.[6] Previously it was just invested in gilt-edged securities.

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Grrrrrr said:

I'm not sure how accurate that is although I have to admit I don't know the inner workings of the Treasury. I know the narrative is that National Insurance covers pensions, unemployment and healthcare but I suspect the reality is that everything gets sucked into the Treasury and spat back out on whatever the political priority of the time is. What the actual percentage cross-charging is is probably unknown even to them without making some assumptions.

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Graculus said:

The problem is, most Governments since the late 90's have only been capable of vanity projects and firefighting, they wouldn't plan any long-tem spending as they themselves seriously doubted they'd be there to see it through - so just used the money to buy sticking plasters, sometimes to patch up self-inflicted wounds.
I also doubt that VED alone would be enough to maintain the countries road network - much like NI contributions are not enough to pay the state pension, although for many years, tobacco tax income far outweighed the 'cost to the NHS' of treating smoking related health problems by some margin.

Register, tax & insure electric bikes & scooters? hell yes!

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nigelbb said:

As noted elsewhere. NI contributions are enough to pay the state pension. That's the whole point of the National Insurance Fund to broadly keep in balance NI receipts & state pension payments.

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Datatek said:

The richer people are, the tighter they are in my experience. The more they have the more they want.

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gold rover said:

I still think that VED should be part of fuel tax. Use less pay less, use more pay more. Elastic vehs should be taxed on an equivalent basis. Again use more, pay more.
Thennnnnnn.... DVLA and government should be held to account for failings in road standards. VED is used partially for road maintenance, it is also used for other services, that I can't recall using in my car. Such as park maintenance, street lighting, hospitals, schools, railways, housing and so many other things. Things that we are already taxed for in other ways, including Council Tax.
VED should be reallocated to road maintenance only.
If we have a contract ,and you charge me to maintain my garden and I am constantly finding holes, erosion, flooding, areas collapsing and basic lack of maintenance of my garden, making it unfit for purpose. Your excuse being you are spending the money on things other than my garden. Things I have already paid for under a different contract. You are now double dipping and you have breached our contract. Why is the DVLA not held to account?
Vehicle drivers are not only taxed to be allowed to use the roads, they are then taxed to ensure their vehicle is roadworthy. Why then are roads not vehicle worthy.

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gold rover said:

This is why I am saying reallocate VED to roads only. Perhaps for 10 years or so. We already pay through other taxes for all the other things. To add the income from VED to the stew pot at the detriment of the roads doesn't seem logical. Or, they could even set an amount of VED to be ringfenced for roads improvement. No more wishywashy ' well all the tax you pay is used for a multitude of things, we can't really break it down.'.'If you and I know where our money comes from , and where we spend each income source, the government can do the same.
It is disingenuous for them to pretend otherwise.
And talking of squeaky wheels, it's time to register and tax electric bikes. They are motor vehicles after all

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nigelbb said:

No, that isn't how it works. NI is collected in the National Insurance Fund & basically used to pay for state pension plus some contributory benefits like sickness benefits. If there is a shortfall the NIF gets topped up out of general government funds & vice versa if there is a surplus it gets transferred to general government funds. These adjustments don't affect the basic premise that the aim is for NI receipts to balance out what is paid as state pension.

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yfo866 said:

And there in lies the problem. It's used for sickness benefits. I read yesterday, or the day before that there are nearly 3 million on the sick. Sick pay is too generous and over a year it's £3000 MORE than the minimum wage leading to people deciding to 'go on the sick' instead of work. Personally i didn't see that as a problem with the sick pay rate and more of a LAZY GIT SYNDROME which then wondered if we could deport the lazy along with the illegal immigrants?
What really shocked me though was back in the 80s 3 million unemployed was being shouted from the highest high, yet this same fact was just a line in an online article.
I've just doubted myself and what i 'thought' i read so searched online:
Early 2024 2.82 million not working due to long term sick.
Currently around 2.5 million!

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yfo866 said:

And there in lies the problem. It's used for sickness benefits. I read yesterday, or the day before that there are nearly 3 million on the sick. Sick pay is too generous and over a year it's £3000 MORE than the minimum wage leading to people deciding to 'go on the sick' instead of work. Personally i didn't see that as a problem with the sick pay rate and more of a LAZY GIT SYNDROME which then wondered if we could deport the lazy along with the illegal immigrants?
What really shocked me though was back in the 80s 3 million unemployed was being shouted from the highest high, yet this same fact was just a line in an online article.
I've just doubted myself and what i 'thought' i read so searched online:
Early 2024 2.82 million not working due to long term sick.
Currently around 2.5 million!

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