Mini Budget aka Fiscal Statement

[jamesbrown]

I thought they were reviewing that quarterly, does that mean no rises until next year (by which time winter will be mostly over)?

Not necessarily, but it could be moot by then anyway, given gas prices. Sounds like they're going to scale it back dramatically and introduce an efficiency component, so perhaps a capped price up to a certain usage and only for certain households (which would've been sensible in the first place).

[HoofHearted]

"We will continue with the abolition of health and social care levy and the stamp duty change, off payroll working reforms, the new VAT-free shopping scheme for non-UK visitors and the freeze on alcohol duty rates."

So does this mean they will continue with rolling back the IR35 'reforms' or continue with implementing them?

Probably

[ladymuck]

"We will continue with the abolition of health and social care levy and the stamp duty change, off payroll working reforms, the new VAT-free shopping scheme for non-UK visitors and the freeze on alcohol duty rates."

So does this mean they will continue with rolling back the IR35 'reforms' or continue with implementing them?

I think you mis-quoted

In the torygraph he is quoted as saying:

"So whilst we will continue with the abolition of the health and social care level and stamp duty changes, we will no longer be proceeding with the cuts to dividend tax rates, the reversal of off-payroll working reforms introduced in 2017 and 2021, a new VAT-free shopping scheme for non-UK visitors or the freeze on alcohol duty rates"

The first two are retained because they're already going through parliament. If they'd gotten IR35 into the chambers sooner, it wouldn't have been pulled.

[mallisarealperson]

bugger

[mallisarealperson]

And I thought she repealed the changes to ir35 reform to protect votes in the south??

[SueEllen]

I think you mis-quoted

In the torygraph he is quoted as saying:

"So whilst we will continue with the abolition of the health and social care level and stamp duty changes, we will no longer be proceeding with the cuts to dividend tax rates, the reversal of off-payroll working reforms introduced in 2017 and 2021, a new VAT-free shopping scheme for non-UK visitors or the freeze on alcohol duty rates"

The first two are retained because they're already going through parliament. If they'd gotten IR35 into the chambers sooner, it wouldn't have been pulled.

I was typing a summary while listening to the wireless, but that's what I heard.

[FIERCE TANK BATTLE]

Not necessarily, but it could be moot by then anyway, given gas prices. Sounds like they're going to scale it back dramatically and introduce an efficiency component, so perhaps a capped price up to a certain usage and only for certain households (which would've been sensible in the first place).

Damn, feels like I get the shaft then. I went onto a fixed in anticipation of further rises, and I have solar panels I paid a lot for that save the grid lots of power, no doubt I won't get any benefit from the government because I won't be able to reduce my energy usage any further

[David71]

I think you mis-quoted

You're right. Apologies!

[AtW]

And I thought she repealed the changes to ir35 reform to protect votes in the south??

[mallisarealperson]

Might as well have labour now. Poor and needy people we are all becoming.