What’s in the box? – politicalbetting.com
Comments
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10 Yr 4.197%. Bond market seems to be liking it all so far.0
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It is, for one or two trips. The problem is that it is filled with second-homers (I wonder if SKS has one...?), and your comments about "remote but not remote" can be made for many other places as well - the Peak District for one.turbotubbs said:
I'd argue the Lake District is superb for a walking holiday - huge range of terrain, some very remote spots that are not actually that remote but feel like they are, a region set up for tourism. Of course other parts are great too, but most people don't restrict themselves to just the Lakes.JosiasJessop said:
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.BatteryCorrectHorse said:Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
The Lake District is popular amongst some because they can go there and be with people like them. A bit like Southwold; well, Walberswick at least.
(I love Southwold and Walberswick, but realise the issues.)0 -
I've already applied to lead the enquiry into the Covid Corruption Commission.Taz said:Covid Corruption Commissioner.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.
Anyone want to apply for the enquiry into my enquiry?1 -
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.1 -
Good chart comparing previous budget tax rises as a percentage of GDP over the last 50 years.
https://x.com/ArchieHall/status/1851553092963013099
Lamont still, narrowly, the record holder.2 -
Ah, no-one gives a fuck Rachel.
What we want to know: how much are you going to screw us?
Get on with it.1 -
I just hope @TheScreamingEagles didn't bet on the colour of The Chancellor's tie this time.0
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So you have 2 dials with different figures htf do you know which one is correct and which is wrong?Malmesbury said:
The requirement to have both analog and digital control reminds me of the Chinook comedy....Nigelb said:How red tape holds back nuclear power in Britain
And how to fix it
https://www.samdumitriu.com/p/how-red-tape-holds-back-nuclear-power
...Although Hinkley Point C uses the same EPR design as in Finland and France, the UK’s nuclear regulator insisted on 7,000 changes such as the requirement of having both an analog and digital control centre. France’s Flamanville only has the latter. Hinkley Point C will use 25% more concrete and 35% more steel than other EPRs as a result.
All of this makes the kind of fleet-based approach that works in South Korea (and worked in France and Britain historically) next-to-impossible. You do not get the benefits of learning-by-doing or supply chain investment, if there’s no certainty around what you are building and when you will be building it, if at all.
Beyond planning, there is the problem that our regulators treat nuclear differently to any other technology when it comes to safety.
The underlying principle governing the regulation of radiation in Britain is ‘As Low as Reasonably Practicable’ or ALARP. In effect, it means that whenever a productivity gain in nuclear construction is discovered, it is seen as an opportunity to make the safest way to produce electricity even safer. The Office for Nuclear Regulation’s starting point for whether or not nuclear safety measures are ‘grossly disproportionate’ is if costs outweigh benefits by a factor of ten.
Not only does this make nuclear uncompetitive, it also makes the public less safe because instead of using safe nuclear, we burn dirty gas (or until very recently, coal) where similarly costly regulations aren’t being imposed...
Much of this is not new to PBers, but very good article.0 -
She's got to come up with a way of how this person has been recruited within the rules and guidance first.LostPassword said:She still hasn't appointed a Covid corruption commissioner?
You might have thought an appointment would have been made already, and some news on corruption identified to announce.0 -
That's was on 35 billion tax rises. This surpasses Lamont and is the largest in at least 50 years.Nigelb said:Good chart comparing previous budget tax rises as a percentage of GDP over the last 50 years.
https://x.com/ArchieHall/status/1851553092963013099
Lamont still, narrowly, the record holder.0 -
maybe crackdown on tax avoidance on expensive benefits in kind like boxes at London football teams or gifts of clothes2
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Get to the tax rises Rachel….1
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PB Panto season’s started early. Only 100 days in.BatteryCorrectHorse said:
No, he isn’t.Casino_Royale said:
Yes, he is.BatteryCorrectHorse said:Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
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And, all that money will be pissed away.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.1 -
What sounded better to the writer?Anabobazina said:
It is bizarrely poor reporting. Reeves has never claimed to have won the tournament (she actually reached the Round of 16 in the UK Under-14s Girls Chess Championship as I understand it). It's not clear to me why the BBC have got this simple fact wrong. Sloppy.FrancisUrquhart said:I see we are getting the Chess fake news story again,
Rachel Reeves: Playing Labour's first big gambit
Reeves played chess from an early age, with her father teaching her the key moves. She became a national under-14 champion, and would "quietly thrash" any boys who might think they were in for an easy game, according to Ellie.
https://www.bbc.co.uk/news/articles/cw4ywl7w820o0 -
https://www.forbes.com/sites/paultassi/2024/10/27/here-are-the-20-best-scored-horror-movies-of-2024/KnightOut said:How do I transcend over to the alternative multiverse where Kwarteng is still Chancellor?
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Yes, as I said earlier, all productivity gain from the private sector over the next 5 years is going to be absorbed by the state which is extremely low productivity. This budget sets us on the path of Japan, low yield, low growth and very timid. I guess it's better than Argentina though.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.3 -
I'd want to see the contracts before being so confident.FrancisUrquhart said:
So the government are actually going to put in money upfront, rather than this £22bn pay out if the private sector do it (which was the don't worry, they will never actually pay that out, because it won't happen).Pulpstar said:Fucks sake the "investment" is on carbon capture - why can't the state simply buy some turbines and get the return from the north sea ?!
Which of course we won't, because "commercial confidentiality".
Precedents are not promising.0 -
She is ghastly, totally over-promoted, unappealing, lying on her CV and obviously out of her depth.Casino_Royale said:
This is a highly political speech.RochdalePioneers said:Covid corruption commissioner. Hello...
I think she's positioning herself nicely if SKS falls.
But given the likely contenders (Lammy, Rayner, etc.) she may even be the best choice. Which says a huge amount about the Labour Party.4 -
We need an Enquiry Tsa to oversee them all.Malmesbury said:
I've already applied to lead the enquiry into the Covid Corruption Commission.Taz said:Covid Corruption Commissioner.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.
Anyone want to apply for the enquiry into my enquiry?
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You can't compare cash figures decades apart.ManOfGwent said:
That's was on 35 billion tax rises. This surpasses Lamont and is the largest in at least 50 years.Nigelb said:Good chart comparing previous budget tax rises as a percentage of GDP over the last 50 years.
https://x.com/ArchieHall/status/1851553092963013099
Lamont still, narrowly, the record holder.
Percentage of GDP is only rational way to look at it.0 -
Forecast seems to be for lower growth overall (from the Guardian). Total +8.2% down from +8.5% to 2028. Not a big change, but the wrong direction.
GDP in 2024: +1.1%, up from 0.8% growth forecast at the March budget
GDP in 2025: +2%, up from 1.9% growth forecast at the March budget
GDP in 2026: +1.8%, down from 2.0% growth forecast at the March budget
GDP in 2027: +1.5%, down from 1.8% growth forecast at the March budget
GDP in 2028: +1.5% down from 1.7% growth forecast at the March budget
GDP in 2029: +1.6%, a new forecast0 -
Reeves doing a lot of non chancellor stuff to mask and keep short the tax rises coming - labour loves spending other peoples money1
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I’ll En passant on this one.noneoftheabove said:
I thought we were doing chess puns, not draughts?DecrepiterJohnL said:OT rcs seems to have reinstated the irritatingly frequent saving of drafts.
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As I said the other day, my friend says Ed Miliband is the embodiment of the competence of Chris Grayling and the ideological entrenchment of Jeremy Corbyn.Pulpstar said:Fucks sake the "investment" is on carbon capture - why can't the state simply buy some turbines and get the return from the north sea ?!
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The projected growth figures are dismal.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.
However, tax cuts and structural deficits only produce sugar-rush growth. Proper investment, if well-targeted, will do more. But scrapping red tape (eg on planning) would do much more again.3 -
Fuel duty frozen - means bigger increase elsewhere0
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Fuel duty frozen next year.
Ouch !!!!0 -
No fuel duty rise.1
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How odd. Fuel being cheap at the moment would make this easy. Wonder what Miliband thinks.Casino_Royale said:Fuel duty frozen - means bigger increase elsewhere
Doing my self-employment tax return as I watch.0 -
Reeves scrapping the Tories
meat taxfuel duty rise.
So more to rise elsewhere...0 -
Though that was only half a budget, really. Ken Clarke had another chunky bite six months later. See also Rishi's two goes in 2021.Nigelb said:Good chart comparing previous budget tax rises as a percentage of GDP over the last 50 years.
https://x.com/ArchieHall/status/1851553092963013099
Lamont still, narrowly, the record holder.
Moral: it's a lot (getting on for £1000 per taxpayer?), but it has to be a lot given the mad numbers inherited. But it's not unprecedentedly a lot.
And yes, it's Scrooge now to give space to be Santa later. Because that's what governments in control of events do. Because politically, that works.0 -
What will they achieve that has not been looked at? Seriously? Have the police NOT looked at what has happened (or is someone else's role?)Taz said:Covid Corruption Commissioner.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.1 -
I've been visiting, irregularly, for over fifty years.JosiasJessop said:
It is, for one or two trips. The problem is that it is filled with second-homers (I wonder if SKS has one...?), and your comments about "remote but not remote" can be made for many other places as well - the Peak District for one.turbotubbs said:
I'd argue the Lake District is superb for a walking holiday - huge range of terrain, some very remote spots that are not actually that remote but feel like they are, a region set up for tourism. Of course other parts are great too, but most people don't restrict themselves to just the Lakes.JosiasJessop said:
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.BatteryCorrectHorse said:Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
The Lake District is popular amongst some because they can go there and be with people like them. A bit like Southwold; well, Walberswick at least.
(I love Southwold and Walberswick, but realise the issues.)
"Good for one or two trips" is rubbish.0 -
That's a reduction in the trend growth rate from 1.8% per year to 1.5% per year which is because of the net productivity loss from the tax rises. I'd be surprised if it was as high as 1.5% as well, we'll probably get closer to 1.2% in the end with taxes on business and individuals rising by such a large amount.LostPassword said:Forecast seems to be for lower growth overall (from the Guardian). Total +8.2% down from +8.5% to 2028. Not a big change, but the wrong direction.
GDP in 2024: +1.1%, up from 0.8% growth forecast at the March budget
GDP in 2025: +2%, up from 1.9% growth forecast at the March budget
GDP in 2026: +1.8%, down from 2.0% growth forecast at the March budget
GDP in 2027: +1.5%, down from 1.8% growth forecast at the March budget
GDP in 2028: +1.5% down from 1.7% growth forecast at the March budget
GDP in 2029: +1.6%, a new forecast0 -
Employers NI up by 1.2%0
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Well quite, this would be a larger percentage of GDP. The point I was making was that chart was making the comparison with the tax rises today only being 35 billion, not 40 billion.BartholomewRoberts said:
You can't compare cash figures decades apart.ManOfGwent said:
That's was on 35 billion tax rises. This surpasses Lamont and is the largest in at least 50 years.Nigelb said:Good chart comparing previous budget tax rises as a percentage of GDP over the last 50 years.
https://x.com/ArchieHall/status/1851553092963013099
Lamont still, narrowly, the record holder.
Percentage of GDP is only rational way to look at it.2 -
I think that's correct. But, what we're getting is simply redistribution from the private to public sectors. I'll believe that red tape will be scrapped by a Labour government the day that I meet a unicorn.david_herdson said:
The projected growth figures are dismal.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.
However, tax cuts and structural deficits only produce sugar-rush growth. Proper investment, if well-targeted, will do more. But scrapping red tape (eg on planning) would do much more again.5 -
Good news, we do about 25,000 miles between us a year.0
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Amazed that fuel duty is frozen. The country can't afford it.2
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It is all just performative. It is unlikely to achieve anything.turbotubbs said:
What will they achieve that has not been looked at? Seriously? Have the police NOT looked at what has happened (or is someone else's role?)Taz said:Covid Corruption Commissioner.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.0 -
Absolutely mad on business1
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Fuck’s sake.Casino_Royale said:Fuel duty frozen - means bigger increase elsewhere
As the owner of electric vehicles I was hoping for the fuel duty to go up a lot as it is a tax I do not pay.2 -
£25bn tax on jobs? noice0
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Big reduction in the threshold on employer nics
Fuel duty freeze is a surprise0 -
I mostly cycle, so same here.TheScreamingEagles said:
Fuck’s sake.Casino_Royale said:Fuel duty frozen - means bigger increase elsewhere
As the owner of electric vehicles I was hoping for the fuel duty to go up a lot as it is a tax I do not pay.0 -
Ooft, that lowering of the starting threshold is painful1
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She’s good. Impressive deliveryCasino_Royale said:
This is a highly political speech.RochdalePioneers said:Covid corruption commissioner. Hello...
I think she's positioning herself nicely if SKS falls.0 -
Capital gains tax next..0
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ahemeek said:
So you have 2 dials with different figures htf do you know which one is correct and which is wrong?Malmesbury said:
The requirement to have both analog and digital control reminds me of the Chinook comedy....Nigelb said:How red tape holds back nuclear power in Britain
And how to fix it
https://www.samdumitriu.com/p/how-red-tape-holds-back-nuclear-power
...Although Hinkley Point C uses the same EPR design as in Finland and France, the UK’s nuclear regulator insisted on 7,000 changes such as the requirement of having both an analog and digital control centre. France’s Flamanville only has the latter. Hinkley Point C will use 25% more concrete and 35% more steel than other EPRs as a result.
All of this makes the kind of fleet-based approach that works in South Korea (and worked in France and Britain historically) next-to-impossible. You do not get the benefits of learning-by-doing or supply chain investment, if there’s no certainty around what you are building and when you will be building it, if at all.
Beyond planning, there is the problem that our regulators treat nuclear differently to any other technology when it comes to safety.
The underlying principle governing the regulation of radiation in Britain is ‘As Low as Reasonably Practicable’ or ALARP. In effect, it means that whenever a productivity gain in nuclear construction is discovered, it is seen as an opportunity to make the safest way to produce electricity even safer. The Office for Nuclear Regulation’s starting point for whether or not nuclear safety measures are ‘grossly disproportionate’ is if costs outweigh benefits by a factor of ten.
Not only does this make nuclear uncompetitive, it also makes the public less safe because instead of using safe nuclear, we burn dirty gas (or until very recently, coal) where similarly costly regulations aren’t being imposed...
Much of this is not new to PBers, but very good article.
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Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.
Bit weird bus wankers have got hammered, but not drivers.0 -
No, I mean at a time. The 'irregularly' makes my point: at least, I assume you go elsewhere as well to go 'walking' ?Nigelb said:
I've been visiting, irregularly, for over fifty years.JosiasJessop said:
It is, for one or two trips. The problem is that it is filled with second-homers (I wonder if SKS has one...?), and your comments about "remote but not remote" can be made for many other places as well - the Peak District for one.turbotubbs said:
I'd argue the Lake District is superb for a walking holiday - huge range of terrain, some very remote spots that are not actually that remote but feel like they are, a region set up for tourism. Of course other parts are great too, but most people don't restrict themselves to just the Lakes.JosiasJessop said:
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.BatteryCorrectHorse said:Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
The Lake District is popular amongst some because they can go there and be with people like them. A bit like Southwold; well, Walberswick at least.
(I love Southwold and Walberswick, but realise the issues.)
"Good for one or two trips" is rubbish.0 -
CGT now.0
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Very significant change for micro businesses to have this increase to £10k. Far more impact than the changes in the rate.noneoftheabove said:
For micro businesses a big question here is the employers allowance. The first £5k of employers national insurance is free so if you are employing 1 person or two or three part time, the actual rate doesn't matter if that allowance is kept.Nigelb said:
Is it ?TimS said:
The corporate tax roadmap will be one of the bright spots and has been well consulted. Aside from possible employer NI rises this one is looking pretty decent for companies, all things considered.Nigelb said:The F*ck Business Budget ?
Well over half the anticipated tax increases fall on employers - and the well above inflation minimum wage rise will also drive up employment costs.
Businesses employing few people will do fairly well; the rest get something of a caning.
Whether that all works out depends a lot on what's done on the spending side.1 -
But a more than doubling in the Employers Allowance to protect small business. Which massively takes the sting out of the jobs tax.RochdalePioneers said:£25bn tax on jobs? noice
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Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%4 -
Bad decision. Really don't understand that oneFrancisUrquhart said:Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.
Bit weird bus wankers have got hammered, but not drivers.0 -
Either it happens in the next twelve months, or it's the usual rubbish.Sean_F said:
I think that's correct. But, what we're getting is simply redistribution from the private to public sectors. I'll believe that red tape will be scrapped by a Labour government the day that I meet a unicorn.david_herdson said:
The projected growth figures are dismal.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.
However, tax cuts and structural deficits only produce sugar-rush growth. Proper investment, if well-targeted, will do more. But scrapping red tape (eg on planning) would do much more again.
It wouldn't actually be hard to do in specific sectors. It just requires the will.
And it's the one really big economically beneficial thing government can do without spending hard cash.
Which is why there's still a small chance of it's actually happening.
(Not holding my breath, though.)1 -
The announcement on small business NI relief helps the pubs thoughnumbertwelve said:Ooft, that lowering of the starting threshold is painful
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I can live with this, 24% still feels fair for risk takers.Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%2 -
RACHELAnabobazina said:
She’s good. Impressive deliveryCasino_Royale said:
This is a highly political speech.RochdalePioneers said:Covid corruption commissioner. Hello...
I think she's positioning herself nicely if SKS falls.2 -
Bit of a hike for the lower rate!Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%0 -
Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope0 -
There are many versions of the Lake District and many versions of a holiday there. I tend to stay in a cottage, have nice long walks to the tops of fells and back and then enjoy a pint or two. Other never leave low ground, mooch around the shops in Keswick, Ambleside and Windermere. I rather like that relatively small area of the lakes, as opposed to say the vastness of Scottish hills/mountains or even the Dales.JosiasJessop said:
It is, for one or two trips. The problem is that it is filled with second-homers (I wonder if SKS has one...?), and your comments about "remote but not remote" can be made for many other places as well - the Peak District for one.turbotubbs said:
I'd argue the Lake District is superb for a walking holiday - huge range of terrain, some very remote spots that are not actually that remote but feel like they are, a region set up for tourism. Of course other parts are great too, but most people don't restrict themselves to just the Lakes.JosiasJessop said:
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.BatteryCorrectHorse said:Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
The Lake District is popular amongst some because they can go there and be with people like them. A bit like Southwold; well, Walberswick at least.
(I love Southwold and Walberswick, but realise the issues.)
That said North Wales gets to combine the superb mountains of Snowdonia (take that wokesters) plus superb sandy beaches.0 -
Politics and headlines obviously. Agree bad call.TimS said:
Bad decision. Really don't understand that oneFrancisUrquhart said:Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.
Bit weird bus wankers have got hammered, but not drivers.1 -
They're mainly interested in rewarding their client groupsSean_F said:
I think that's correct. But, what we're getting is simply redistribution from the private to public sectors. I'll believe that red tape will be scrapped by a Labour government the day that I meet a unicorn.david_herdson said:
The projected growth figures are dismal.Sean_F said:
It's real GDP growth - but any growth per head is likely to be offset by tax increases.MaxPB said:These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
£40 bn in tax rises is about 1.5% of GDP.
The government seems to have given up on growing the economy before it even started.
However, tax cuts and structural deficits only produce sugar-rush growth. Proper investment, if well-targeted, will do more. But scrapping red tape (eg on planning) would do much more again.1 -
A rise would be regressive, no?LostPassword said:Amazed that fuel duty is frozen. The country can't afford it.
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Quite. If the crime was so evident, why has it not been dealt with?Taz said:
It is all just performative. It is unlikely to achieve anything.turbotubbs said:
What will they achieve that has not been looked at? Seriously? Have the police NOT looked at what has happened (or is someone else's role?)Taz said:Covid Corruption Commissioner.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.2 -
Farming sector, destroyed.Casino_Royale said:Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope2 -
Politics!LostPassword said:Amazed that fuel duty is frozen. The country can't afford it.
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Big increase at lower rateMaxPB said:
I can live with this, 24% still feels fair for risk takers.Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%0 -
Serves working people right for dabbling in shares.Sunil_Prasannan said:
Bit of a hike for the lower rate!Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%1 -
Business could and should be in scope. Agriculture is a different kettle of fish though.MaxPB said:
Farming sector, destroyed.Casino_Royale said:Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope1 -
20% CGT on AiM shares.0
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All farms to be owned by offshore companies, you mean?MaxPB said:
Farming sector, destroyed.Casino_Royale said:Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope6 -
The opposite.RobD said:
A rise would be regressive, no?LostPassword said:Amazed that fuel duty is frozen. The country can't afford it.
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Taking pensions into IHT will piss quite a few people off. Ditto taxing business property.Casino_Royale said:Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope2 -
Bus use tends to be pretty price inelastic and routes being cut has more political impact than fares. One consequence of the cap has been a reduction in routes because of the reduced income. I assume the govt (and Labour mayors around the country) are trying to get routes back, or at least not cut further.FrancisUrquhart said:Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.
Bit weird bus wankers have got hammered, but not drivers.
Though I agree the fuel duty rise should have been an easy hit, particularly alongside the bus fare cap rise.2 -
Along with all offshore wind farms.Malmesbury said:
All farms to be owned by offshore companies, you mean?MaxPB said:
Farming sector, destroyed.Casino_Royale said:Inheritance tax:
Thresholds frozen to 2030
Inherited pensions in by 2027
Agricultural and business property in scope0 -
Yeah but it's not unreasonable and really how many CGT payers have very much lower rate available to them? It's actually a good way to increase revenue from retired people who are more likely to have income lower than £50k.Casino_Royale said:
Big increase at lower rateMaxPB said:
I can live with this, 24% still feels fair for risk takers.Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%1 -
APT increase on private jets up by 50%
Trying to goad Sunak.. but fell flat0 -
This government hates me.Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%0 -
Cutting draft beer duty by 1.7%
She's learned a little bit of politics0 -
Lower business rates for retail leisure and hospitality. Excellent.1
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If you are dabbling in shares you get 20k per year ISA allowance, pension contributions and an annual CGT allowance. A bit of dabbling doesnt generate any tax.williamglenn said:
Serves working people right for dabbling in shares.Sunil_Prasannan said:
Bit of a hike for the lower rate!Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%2 -
Absolutely! It's the most regressive tax there is, those who can afford a new EV don't pay a penny. Those who can afford a new hybrid pay less. Those who rely on their old banger get stung.RobD said:
A rise would be regressive, no?LostPassword said:Amazed that fuel duty is frozen. The country can't afford it.
And it's a pointless tax to raise anyway since it's getting phase out. Raise it today and you'll have a bigger black hole in the future.2 -
A penny off a pint!0
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She reads PB, clearly. All that loud worrying about pub prices yesterday.Casino_Royale said:Cutting draft beer duty by 1.7%
She's learned a little bit of politics2 -
I've come to the conclusion that no government, of any political persuasion, is on my side.TheScreamingEagles said:
This government hates me.Casino_Royale said:Capital gains rises...
Lower rate from 10% to 18%
Higher rate from 20% to 24%3 -
Non-doms abolished for residency scheme for temporary residents - not clear on details0
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It’s hardly taxing workAnabobazina said:
She’s good. Impressive deliveryCasino_Royale said:
This is a highly political speech.RochdalePioneers said:Covid corruption commissioner. Hello...
I think she's positioning herself nicely if SKS falls.2 -
But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.Casino_Royale said:Cutting draft beer duty by 1.7%
She's learned a little bit of politics0 -
Still not convinced this is all adding up….. but difficult to say at this point1
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Simply not true. Mileage and car ownership increase in line with incomes.BartholomewRoberts said:
Absolutely! It's the most regressive tax there is, those who can afford a new EV don't pay a penny. Those who can afford a new hybrid pay less. Those who rely on their old banger get stung.RobD said:
A rise would be regressive, no?LostPassword said:Amazed that fuel duty is frozen. The country can't afford it.
And it's a pointless tax to raise anyway since it's getting phase out. Raise it today and you'll have a bigger black hole in the future.
The EV thing is a complication that they will need o fix at some point.0 -
Some non-alcoholic beer for me, pleaseAnabobazina said:A penny off a pint!
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Draft not CraftMaxPB said:
But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.Casino_Royale said:Cutting draft beer duty by 1.7%
She's learned a little bit of politics0 -
Draught I think she saidMaxPB said:
But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.Casino_Royale said:Cutting draft beer duty by 1.7%
She's learned a little bit of politics0 -
We haven't had the rabbit out of the hat yet...numbertwelve said:Still not convinced this is all adding up….. but difficult to say at this point
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“Draught” not “craft”.MaxPB said:
But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.Casino_Royale said:Cutting draft beer duty by 1.7%
She's learned a little bit of politics0
