Any predictions for the "what ever the thing is called" on Friday.
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Mini Budget aka Fiscal Statement
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It has mostly been leaked, as usual.
Health and social care (NI) levy reversed, CT not increased (possibly even reduced, although I doubt it), stamp duty reduced, ability for partners to share their personal allowance, green levy on energy gone, VAT on energy gone, possibly something on business rates. Sounds like a 1p or 2p reduction in the basic rate of income tax, but probably not until a budget in November. You can read all about this in pretty much any paper you choose - story is broadly consistent.
One prediction, I suppose, although not a confident one: when they reverse the NI increase, they probably won't reverse the increase in dividend taxationComment
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Originally posted by mallisarealperson View PostAny predictions for the "what ever the thing is called" on Friday.
No VAT on show jumping and horse feed
Tax rebate if you bank offshore
No road tax for new cars over £100k
100% Council Tax refund for MPs
State pension cut by 50%
Prescription charges increased to £75"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by jamesbrown View PostIt has mostly been leaked, as usual.
Health and social care (NI) levy reversed, CT not increased (possibly even reduced, although I doubt it), stamp duty reduced, ability for partners to share their personal allowance, green levy on energy gone, VAT on energy gone, possibly something on business rates. Sounds like a 1p or 2p reduction in the basic rate of income tax, but probably not until a budget in November. You can read all about this in pretty much any paper you choose - story is broadly consistent.
One prediction, I suppose, although not a confident one: when they reverse the NI increase, they probably won't reverse the increase in dividend taxationI am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View Post
You missed off the one about stamp duty ... got to keep the house values high and us feeling 'rich' keeps the mob happy and spendingComment
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A golden era of monumentally huge government spending & borrowing, and low taxes. What can possibly go wrong... but not until after the next GE where these bold moves surely will keep the Tories in. Make the best of it you can and keep a big amount of savings for the coming nightmare is my thinking.
Several of the tax 'cuts' are IIRC not really cuts, but cancelling the planned increases which didn't yet take effect?
The energy price stuff does seem good though, and the level of business support is rather more than I expected albeit only for 6 months.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostA golden era of monumentally huge government spending & borrowing, and low taxes. What can possibly go wrong... but not until after the next GE where these bold moves surely will keep the Tories in. Make the best of it you can and keep a big amount of savings for the coming nightmare is my thinking.
Several of the tax 'cuts' are IIRC not really cuts, but cancelling the planned increases which didn't yet take effect?
The energy price stuff does seem good though, and the level of business support is rather more than I expected albeit only for 6 months.
Stamp duty stuff is bonkers and would be laughable if the consequences weren't so obvious and bad. Can they really think of nothing else? The question is whether this works in time for the GE/is still working when the GE happens. There is no doubt that the public will be stupid enough to buy it if she can pull it off.Comment
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Originally posted by mattster View PostI would have liked to see at least some of the money taken from the energy companies rather than future taxation
If you mean the oil and gas suppliers like Shell, BP etc., which are virtually all international corporations owned by shareholders from all over the world, how would you do this? And if we're happy to add extra windfall taxes when they're making loads of money in times like this, shouldn't we have provided subsidies when most of them were making massive losses a year or two ago? That's only "fair", after all.
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