Mini Budget aka Fiscal Statement

[jamesbrown]

Yet the average joe has no issue with self employed traders taking cash payments . And not declaring it.

Yup, people are weird.

[mallisarealperson]

But it's £2bn and the incremental effects of a bunch of smaller measures were quite large, plus the average Joe either doesn't understand it or works in an office with IT contractors and looks at them as "scumbag tax avoiders". Just read the comments in the FT any time there's an article on IR35

Yet the average joe has no issue with self employed traders taking cash payments . And not declaring it.

[jamesbrown]

It's not even £2bn in truth, it's more like a loss all things considered. As HMT have been told on numerous occasions: it seems we have another chancellor who is driven by the Treasury civil service rather than harsh reality.

We all know that. But that is not the metric here. The metric is whether it can be squared with OBR (and, hence, the markets).

[malvolio]

But it's £2bn and the incremental effects of a bunch of smaller measures were quite large, plus the average Joe either doesn't understand it or works in an office with IT contractors and looks at them as "scumbag tax avoiders". Just read the comments in the FT any time there's an article on IR35

It's not even £2bn in truth, it's more like a loss all things considered. As HMT have been told on numerous occasions: it seems we have another chancellor who is driven by the Treasury civil service rather than harsh reality.

[DealorNoDeal]

Well, I just got my letter from HMRC ref my state pension. Lucky I'm not just relying on it...£8,898 a year. Now if £2500 minimum of that was just going on heating?

The state pension is only vaguely viable to live off if there are two of you in a couple receiving it. Most of the big outgoings like heating, electricity, water, running a car etc are pretty much the same whether there's one person or two in a household.

[jamesbrown]

It's a bit daft, even by Hunt's own figures it saves something like 2bn a year which is nearly the smallest saving of the list.

But it's £2bn and the incremental effects of a bunch of smaller measures were quite large, plus the average Joe either doesn't understand it or works in an office with IT contractors and looks at them as "scumbag tax avoiders". Just read the comments in the FT any time there's an article on IR35

[d000hg]

Ir35 chat on BBC news now

It's a bit daft, even by Hunt's own figures it saves something like 2bn a year which is nearly the smallest saving of the list.

[Unix]

Ir35 chat on BBC news now

[d000hg]

Well, I just got my letter from HMRC ref my state pension. Lucky I'm not just relying on it...£8,898 a year. Now if £2500 minimum of that was just going on heating?

Move to a nice little flat?

[Protagoras]

Well, I just got my letter from HMRC ref my state pension. Lucky I'm not just relying on it...£8,898 a year. Now if £2500 minimum of that was just going on heating?

I've long reckoned that state pension is way too low, and that increasing it would help older people exit the labour market, which I think would be a good thing, especially for those in regions where life expectancy is not that great.

Yet, 'almost a third of people did not expect to have any pension provision beyond the State Pension when they retired'
(source: https://www.ons.gov.uk/peoplepopulat...018tomarch2020)


I reckon that mine will probably cover utility bills and council tax - if it's not abolished by then!