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Sitta Sittambalam

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quarters of unverifiable origins. It is certain some of the culpability lies with our various shades of govts over the years and the so-called financial sector, which has not been properly regulated, as there have been many who clamoured for deregulation, which every 10, 15, 20 years brings on a variant of Banking(virus) disaster, which govt was ready to vaccinate (bale out at any cost) with QE by the Central Banks, yet never, or nearly never baled out any manufacturing. Have we learnt anything from post WWII performance of the two countries that lost the w/war II? We as the public are also have a serious blame responsibility in not wanting to pay higher taxes but expecting higher rewards, concessions etc. and when a political party comes up with some higher tax proposals which all / most of them are scared to do now as they result in certain defeat at the polls. It is absolutely right, moral, ethical that every generation must leave a fair just and equitable inheritance to our future generations. Many of us are willing to accumulate wealth for ourselves and our families, and their futures, yet think twice about paying higher taxes, which I agree with in one sense as govts. are the the most wasteful spenders (HS2). Final passing note, just one example, where did that Chancellor(GO) who introduced SDLT on private BTLs, accept employment after leaving parliament?? to work for an Oligarch?

From: Sitta Sittambalam 24 July 2020 09:27 AM

Nice one from the "think tank". Let's not tax high incomes,(because all such propositions will be FULL BLOWN VOTE LOSERS to all politicans) but do it differently. It is vital to consider different proposals, How about trimming some of expensive salaries, expenses and perks(benefits) for MPs, Lords, and many an executive in the public sector, who are still in a dream world that GB is an Empire in so far just tell the public what they need to do, as we (executive) know what's best for them. Yet I fully agree that there is an inherent perverseness in the extortionate rise in house prices! We had one Chancellor increase SDLT for BTL, yet he and predecessors were delighted to see all kinds of foreign money pour into UK from certainly some dubious levy tax

From: Sitta Sittambalam 24 July 2020 08:56 AM

We simply get the sheep MPs we elected, in the majority. This is yet another example of arrogance of government thinking that since they have a majority they can do whatever they want. I am all for this legislation IF the govt. applied it across the board to ALL BUSINESSES. Then we could have riot as we had with the Poll Tax introduction by this same colour of govt. That is not to say that the reds are any better.

From: Sitta Sittambalam 25 January 2016 08:13 AM

That is about the quality and standard of staff and policy competencies employed by the Councils, and the wretched govt. knows this but does nothing about it. To the Councils and the public servants they just do not give a damn about anyone except themselves!

From: Sitta Sittambalam 12 January 2016 10:30 AM

The 35+50 billion was referring to the non essential HS2 only to be used mainly by MPs, civil servants and a few very well of and made-it-in-life (good luck to this lot) people.

From: Sitta Sittambalam 06 January 2016 11:44 AM

Well said all contributors from public above. We really got a few very expensively educated class in govt. who have not got the slightest clue about the REAL market place. It is not very different in the civil service/public sector either. Their view appears to be whatever they decide is fair and sod the rest. We as Joe public must shut up and pay up. A name called Putin comes to mind. After all the legacy we have now is the joint efforts of Labour and Conservative over the last 40+ years. Why not put that so-called £35 or £50, (more likely to £75 billion, by the time it is completed) into some affordable house building and sell them at cost +5-10% profit. Oh NO we cannot do that, we will be taking away the rip-off that our friends make in this sector, wouldn't we?! And we must allow whatever money coming from abroad, without any checks (on its origin) to buy expensive apartments in the city,(AND other investments across UK,) lock 'em up and leave them. Why capital gains tax them at 80%. Just for info. I am a landlord with a dozen houses and a massive borrowing.

From: Sitta Sittambalam 06 January 2016 11:41 AM

Well done Lord Flight. This regulation is typical of some parliamentarians attitude. GO (Osborne) does not, cannot, is scared to do the same with all businesses (especially the big ones, like Amazon, Startbucks etc.), in not allowing legitimate business expenses to be deductible. The imminent Judicial Review may put mud in his face. The significant factor in house price escalation is largely overseas investors bringing in money which cannot be verified as "CLEAN" or otherwise. Also why permit non residents to simply buy up properties in UK. Exceptional situations demand exceptional solutions, at least temporarily. No overseas person may buy here unless they prove that they are legitimately and actually doing business here. Give them 5 years to sell up and levy 80% capital gains tax on such properties. Additional measures can also be brought in to apply to UK investors limiting their BTL to no more than 2 houses per person, until govt. can improve its housing supply. Fix a time span for this 5-10 years. After many have forgotten how a female PM in UK sold off all the council houses in London and never put any of the money back into house building, instead paid off the national debt or or part of. Then came "Labour" and spent money without any care, due to squabbling between AB & GB (Tony Blair & Gordon Brown) as to when GB should sit at no. 10. No one in Parliament then observed the spendthrift ways of GB, which all blew up at the elections in 2010. OFcourse we deserve the govts. we elect, but the MPs are petrified to balance books and live within sensible means - sensible taxes, borrowing and spending!

From: Sitta Sittambalam 06 January 2016 11:08 AM

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