The Official DOOM: Autumn Statement (heavy tax increases)

[Martin@AS Financial]

Government lowers top rate tax threshold to £125k: Budget 2022

Full report here from The Financial Reporter:

https://www.financialreporter.co.uk/...22.html?SRC=MC

[_V_]

Hunt acknowledges we are in recession


Dharshini David

Economics Correspondent

It’s official: with forecasts predicting the economy will shrink by 1.4% next year the chancellor has acknowledged we’re in recession, and things will get worse before they improve.

The chancellor is citing global factors, not least the war in Ukraine which has prompted soaring energy and food costs. But the UK is less well equipped to cope with this kind of shock than some competitors, a period of under investment has left us less efficient and resilient. Cough**

Cough** Brexshit

[_V_]

Tax burden highest for at least 70 years


Dharshini David

Economics Correspondent


Let that sink in dumb arsed Tory voters.

[AtW]

Stamp duty cuts ok tho

[SueEllen]

Stamp duty cuts ok tho

Unfortunately the bill was on it's way through parliament before Hunt could stop it.

And due to a recession the number of properties for sale will lower anyway.

[SueEllen]

George Osborne helped them write the budget -

[_V_]

"There may be a recession made in Russia, but there is a recovery made in Britain," Hunt adds.

Sold to China....staffed in India.

[AtW]

Unfortunately the bill was on it's way through parliament before Hunt could stop it.

And due to a recession the number of properties for sale will lower anyway.

[clearedforlanding]

As much as I hate these ***** it's a good a budget as they could have come up with given the circumstances. Circumstances being they created this tulip show.

Save the stamp duty bulltulip to prop up the economy with debt

EV was weird one that will backfire as people hang on to their cars longer; but I guess they plan on picking up more tax on fuel.

Surprised and pleased to hear that disabled people will not be penalised yet again.

Of course all this goes to pot when inflation carries on its current trajectory; which it will - pinky promise.

My UK companies will pay more tax; I am good with that; I hope it gets put to good use. I hope public sector workers get some of the promised billions. Time will tell.

That said, I am richer than Marillion Fan, and inflation is running at <5 % at home.

Anyone else swing trading FX while watching this? It's like shooting fish in a barrel.

P.S. You are all ****ed.

[Protagoras]

https://assets.publishing.service.go...ssible__1_.pdf

Table 5.2 (extract). Here we see the benefit of off-payroll.



Section 3.6. "There are now 630,000 more working age inactive individuals than there were pre-pandemic."

Many will be long-term sick, but I wonder how many of them were created by off-payroll reforms?