2021 Budget Predictions
Discussion
Gary29 said:
For those of us unfortunate enough to still have to actually commute to work, I noticed fuel prices are rising quite nicely at the moment, even before Rishi sticks his mark up on it later.
Indeed. V-Power is now 10p /litre more than diesel - it used to be 10p more than 'regular'.
LordGrover said:
Indeed. V-Power is now 10p /litre more than diesel - it used to be 10p more than 'regular'.
I keep track of my fuel spending, and use the same petrol station, there's been a 20% rise since July 2020, nearly back to peak high before the original lockdown last year. Has there really been that much of an increase in demand?Or has production slowed as a result and now the demand has therefore increased?
Pissed me off no matter what the reason when I filled upyesterday.
Biggy Stardust said:
The other side to what he was saying earlier is that if the hypothetical renter actually bought the house then he's denying the landlord any capital gain, so it's as broad as it's long. The argument is based on jealousy wrapped up in a veneer of social 'fairness'.
A veneer of social fairness? It's too late now but I do think that some form or legislation to limit this business would have been of benefit overall.If buy to let had been restricted then the more wealthy couldn't have put as much of their money into it and so the only ones left to buy would have been the less wealthy and so prices would have been suppressed. My argument would be that an affordable place to live gives stability and the excess capital of others would be put to other more creative uses/investments, more risky yes perhaps but if you didn't like that you could just save it or spend it.
Then a persons home would be more affordable, and then not increased at such a rate above wages which makes it ever harder for the ones that follow.
If it makes me lefty so be it, but I think you can be lefty about certain issues without hating rich people or the capitalist system. I don't blame people for doing it (I have friends that have) as it's performed better than most other routes and at a reasonably low risk, I just believe had there been some form or restriction it would have been better for the country as a whole.
Scootersp said:
Biggy Stardust said:
The other side to what he was saying earlier is that if the hypothetical renter actually bought the house then he's denying the landlord any capital gain, so it's as broad as it's long. The argument is based on jealousy wrapped up in a veneer of social 'fairness'.
A veneer of social fairness? It's too late now but I do think that some form or legislation to limit this business would have been of benefit overall.If buy to let had been restricted then the more wealthy couldn't have put as much of their money into it and so the only ones left to buy would have been the less wealthy and so prices would have been suppressed. My argument would be that an affordable place to live gives stability and the excess capital of others would be put to other more creative uses/investments, more risky yes perhaps but if you didn't like that you could just save it or spend it.
Then a persons home would be more affordable, and then not increased at such a rate above wages which makes it ever harder for the ones that follow.
If it makes me lefty so be it, but I think you can be lefty about certain issues without hating rich people or the capitalist system. I don't blame people for doing it (I have friends that have) as it's performed better than most other routes and at a reasonably low risk, I just believe had there been some form or restriction it would have been better for the country as a whole.
Are you aware of the new rules & regulations pretty much every week, from special taxation to banning eviction?
Are you aware that if the government didn't raise tax from BTL then it would have to tax 'proper' people a bit more?
Are you aware that this still sounds like jealousy in the veneer of social 'fairness'?
Don't need to make predictions, unlike years ago when budgets were 'secret', these days everything (virtually) is released bit by bit in the days prior. Just like the lockdowns etc, everything (almost) is leaked in advance.
Sunak said: 'Damage coronavirus has done to the economy has been acute.'
I don't think coronavirus damaged the economy. It was the implementation of the restrictions and lockdowns etc, etc, that have done that.
Bit like saying roads are dangerous.
Sunak said: 'Damage coronavirus has done to the economy has been acute.'
I don't think coronavirus damaged the economy. It was the implementation of the restrictions and lockdowns etc, etc, that have done that.
Bit like saying roads are dangerous.
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