How are we going to pay for all of this ?

60p on income tax?

We will just have to rely on those working people on PAYE whose taxable pay is not reduced by accountants and their avoidance schemes.

Default. Bankrupt anyway.

Our kids and grandkids will pay in many ways.

Inheritance tax for starters...

I'm coming round to a temporary UBI, although I accept this is not guaranteed to do the trick depending on the exact details.

Every tax you can think of will be increased .There is no other way . The money being wasted is crazy .

What is a "UBI" ?

There is no other way

Default.

Removal of the triple lock on pensions should be the top of the list.

Tax relief on pensions at 40% likely to be limited to basic rate.
Higher NI for self employed has been suggested already.
A couple of pence on Corporation Tax at least wouldnt be a problem.
Probably further spending cuts and pay freezes as well. Obviously that wont include NHS staff.

It won't be done but...

A single hit wealth tax of a couple of percent or so on the top half of UK households.

the world is in trouble,i looked at the usa debt clock today and it stands at $77k per person or just over $200k per taxpayer,going to need alot of overtime

the uk debt is over £2 trillion,which is over £35k per person or £65k per taxpayer,you have to laugh

Will require many measures but we could add a foreign aid reduction to the list for a while ?

UBI - Universal basic income.

since the 2008 crash and the ten years of austerity we had, despite the government telling us how well the economy has done since then,we have paid nothing off the debt its just increased,this virus has added more billions,think its going to take something really radical and different but don't see anything but kicking the can down the road happening

Cancel foreign aid take 2 billion a year off the BBC tax money been sent back home from foreign workers close tax loop holes cut the civil service and whitehall withdraw from nato and the UN charge all foreigners who have been here less than 20 an extra tax and charge them the cost of their kids education and crackdown on so called charities

Least of our worries going forward we will have another 5 million to feed and house ,Work that one out ...........

Dotchinite

Rough numbers :-

Extra 2% on Corporation Tax could raise say £5bn ...(but business profits well down , so probably lower)
Removing higher rate tax relief on pensions - say £10bn
Extra NIC on Self Employed - more a gesture ..say £1bn
Reducing annual increase of state pensions - bit of a slow burner ..say £1bn

More spending cuts ? - I thought everything had been cut to the bone ?

Maybe £20bn tops with all of the above - probably a lot less in early years with profits well down for many.

Even with a massive 5p on income tax and we are still below £50bn.

Only other option, I can see ,  is just to plonk the £300bn to one side and just finance the annual interest for the next 50-100 years and let economic growth and inflation hopefully whittle it away in real terms.

But that's  very selfish and short term policy - kick our debt can down the road and leave the problem to the generations that follow. (Just a grander version of what we have been doing for years mind !)

Also that will be our rainy day money blown -   What happens when the next catastrophe strikes ? -  (as it surely will).

IT CANT BE DONE !!!   and neither can the FEEDING OF THE 5 MILLION which is on its way ...

Kick it down the road for the next government to sort out and kid the country that Labour would wreck the country's economy if they got in.

Sell London and it's inhabitants to trump

How much is HS2 and Trident costing us per year out of interest? Maybe the first saving is just cutting projects that aren't particularly well-loved anyway and whose projected cost is huge.

1p on basic rate tax, 2p on the higher band, 3p on a new £200k band

close all tax avoidance loopholes, with long prison terms and fines for those who dont, if they move abroad remove citezenship inc any future use of NHS etc.

All companies must pay UK tax if operate in uk, none of the likes of Starbucks not paying a penny.

No foreign aid

No benefits for any immigrants until they have paid 5 years of tax. We still want hard workers coming in, but not the scroungers.

anyone worth £5m or more a 1 of payment of 1% of net worth, 2% above £50m, dont see why someone worth say £500m cannot afford to give up £10m (how do they intend to spend all that money anyway). Most of these will be business owners, multiple property owners, so the sooner the economy is back to near normal the better for them anyway.

Gazzillions not going to the EU - 2O years we will be square (ignoring the interest)

Fook the banks.......Government needs to start printing it's own money, out of debt velly quickerly !

How much do you think that lot would raise ?  In the grand scheme of things - not much at all at all , and a huge administration cost associated with the wealth tax idea especially.

We don't need  a few million here and there - we need maybe £300bn to sort this out.

Maleuk prospective  Migrants not the immediate Issue, we have a certain % of the Population already here ,That appear to have little or no interest in anything but banging sprogs out 80 % of the Mothers do no work and 60 % of the men
are also on the Gravy train ....... That situation alone will be unsustainable within 5/10 years ..

And despite needing urgent attention .....

Nothing said ............

E.U . Authorized 800 billion as part of a 2000 billion stimulus package.
There is a magic money tree. Banks are allowed to print money. In the past money was linked to gold.  that changed. We have expanded money printing to a point that taxes are irrelevant. A token sum. Frankly the tax payer is side lined. A bank can pring mobey and buy assets. Real wealth swapped for paper money.
Money does not grow on trees... Unless you grow apple's and oranges?  Or have a paper mill that turns trees to money.
I remember a film called rollover with Kris kristofferson and Jane Fonda from the eighties. About a plot to ddestroy the dollar from arabia. Using gold. The sins were in the billions. Today we talk about trillions.
Me... I need a few hundred.
It'd all obscene. They siPhone off a fraction and grow richer by buying art. Land and gold.
Private companies own the right to print.

We are not going to pay this off conventionally I suggest. Just floating it but raising taxes is not going to help certainly in the short term. Many thousands of businesses are going down and hundreds of thousands will be made unemployed.

When capitalism does not work we move to State Capitalism to get the country moving. HS2 is even more important now as is regeneration of Northern Railways and dare I say waterways and greener energy.

How to pay? We can’t so let’s print money and let it trickle up for a change. The usual psychopaths will hoover it up in any case. We can do this if / when we are out of the EU proper. The bubble must not get pricked or the whole system collapses again. It double or quits time!