2021 Budget Predictions

Author
Discussion

Eric Mc

122,144 posts

266 months

Wednesday 3rd March 2021
quotequote all
baptistsan said:
Told the elderly and vulnerable to take whatever precautions they deemed fit to protect themselves.

Allowed the fit and healthy population to continue life as normal whilst taking sensible precautions, hand washing, reasonable social distancing etc.

Economy then wouldn't have been impacted to this extent and we wouldn't be seeing £2.1 trillion net public sector debt.

As for the irony of Sunak saying he wants to be honest hehe
So the fit and healthy could infect each other wholesale and of course, kill off the old and sick.

Of course, for the brutalist ultra "market forces driven" mindset of some people, that would be a desirable outcome.

Who needs old and infirm or ill people, welching off society. Kill'em all off - it's better for the economy.

baptistsan

1,839 posts

211 months

Wednesday 3rd March 2021
quotequote all
aeropilot said:
baptistsan said:
Eric Mc said:
What would you have done?
Not locked the country up like this in the first place.
Yeah, that would have worked out better for the country....rolleyes

Talk about thick.
Well aren't you a delight?

So you fall back on personal insults. Well done you.

You don't think that the response has been completely disproportionate?

poordecisions

198 posts

102 months

Wednesday 3rd March 2021
quotequote all
Eric Mc said:
Small profits (under £50,000) Corporation Tax stays at 19%.

Profits over £250,000 it goes up to 25%.

Marginal rates will apply on a sliding scale between £50,000 and £250,000 (just like the old days).
As a business owner in the middle band. I have no problem with that at all.

If he targets dividends I will cry myself to sleep.

S17Thumper

4,445 posts

187 months

Wednesday 3rd March 2021
quotequote all
paulw123 said:
joestifff said:
paulw123 said:
zygalski said:
How’s magic Rishi paying for all of this?
I suspect if Labour were spending on this scale, this thread would be on fire.
Ironic one of the reasons they won the election was they weren’t going to spend like Labour was intending to. Utter joke.
I presume you've not seen what is going on in the world at the moment then.

There is a pandemic, they rightly so, had to adjust spend
True, the 99.7% survival rate though somewhat makes the extreme desisions of the last year seem rather unnecessary. There is no shame in stating some things simply can’t be afforded.
Only when taken as an isolated figure with no consideration or maybe understating of the broader impacts.

paulw123

3,265 posts

191 months

Wednesday 3rd March 2021
quotequote all
baptistsan said:
Eric Mc said:
baptistsan said:
Not locked the country up like this in the first place.
I don't want to hear what you wouldn't have done.

What WOULD you have done
Told the elderly and vulnerable to take whatever precautions they deemed fit to protect themselves.

Allowed the fit and healthy population to continue life as normal whilst taking sensible precautions, hand washing, reasonable social distancing etc.

Economy then wouldn't have been impacted to this extent and we wouldn't be seeing £2.1 trillion net public sector debt.

As for the irony of Sunak saying he wants to be honest hehe
No time for this sort of logic. Wouldn’t have lined half as many pockets.

baptistsan

1,839 posts

211 months

Wednesday 3rd March 2021
quotequote all
Eric Mc said:
baptistsan said:
Told the elderly and vulnerable to take whatever precautions they deemed fit to protect themselves.

Allowed the fit and healthy population to continue life as normal whilst taking sensible precautions, hand washing, reasonable social distancing etc.

Economy then wouldn't have been impacted to this extent and we wouldn't be seeing £2.1 trillion net public sector debt.

As for the irony of Sunak saying he wants to be honest hehe
So the fit and healthy could infect each other wholesale and of course, kill off the old and sick.

Of course, for the brutalist ultra "market forces driven" mindset of some people, that would be a desirable outcome.

Who needs old people, welching off society. Kill'em all off - it's better for the economy.
Why would the old and sick be killed off? If they were isolating they would be in no more real danger.

You are aware that there are also a large number of older people who themselves didn't want to be locked up in their own homes, nor be able to see their grandchildren etc?

bobbylondonuk

2,199 posts

191 months

Wednesday 3rd March 2021
quotequote all
Eric Mc said:
Small profits (under £50,000) Corporation Tax stays at 19%.

Profits over £250,000 it goes up to 25%.

Marginal rates will apply on a sliding scale between £50,000 and £250,000 (just like the old days).
Nobody is going to be calling Magic Rishi a friend of the corporates anymore!

no changes in personal taxes, no change in VAT, small businesses at lowest corp tax rate, big business gets all the shafting, 130% of capital spending deductible from EBITDA..

Goldman Sachs has taught this boy well! you have to be absolutely raving mad to try and critique this move and hold water.

Eric Mc

122,144 posts

266 months

Wednesday 3rd March 2021
quotequote all
No increase in alcohol duties.
No increase in fuel duties.

paulw123

3,265 posts

191 months

Wednesday 3rd March 2021
quotequote all
S17Thumper said:
paulw123 said:
joestifff said:
paulw123 said:
zygalski said:
How’s magic Rishi paying for all of this?
I suspect if Labour were spending on this scale, this thread would be on fire.
Ironic one of the reasons they won the election was they weren’t going to spend like Labour was intending to. Utter joke.
I presume you've not seen what is going on in the world at the moment then.

There is a pandemic, they rightly so, had to adjust spend
True, the 99.7% survival rate though somewhat makes the extreme desisions of the last year seem rather unnecessary. There is no shame in stating some things simply can’t be afforded.
Only when taken as an isolated figure with no consideration or maybe understating of the broader impacts.
There are also the far more broader impacts of lockdown, mental health, years of financial pain to come

MiniMan64

16,959 posts

191 months

Wednesday 3rd March 2021
quotequote all
baptistsan said:
aeropilot said:
baptistsan said:
Eric Mc said:
What would you have done?
Not locked the country up like this in the first place.
Yeah, that would have worked out better for the country....rolleyes

Talk about thick.
Well aren't you a delight?

So you fall back on personal insults. Well done you.

You don't think that the response has been completely disproportionate?
No.


S17Thumper

4,445 posts

187 months

Wednesday 3rd March 2021
quotequote all
paulw123 said:
S17Thumper said:
paulw123 said:
joestifff said:
paulw123 said:
zygalski said:
How’s magic Rishi paying for all of this?
I suspect if Labour were spending on this scale, this thread would be on fire.
Ironic one of the reasons they won the election was they weren’t going to spend like Labour was intending to. Utter joke.
I presume you've not seen what is going on in the world at the moment then.

There is a pandemic, they rightly so, had to adjust spend
True, the 99.7% survival rate though somewhat makes the extreme desisions of the last year seem rather unnecessary. There is no shame in stating some things simply can’t be afforded.
Only when taken as an isolated figure with no consideration or maybe understating of the broader impacts.
There are also the far more broader impacts of lockdown, mental health, years of financial pain to come
A lot of opinion there...

Digga

40,413 posts

284 months

Wednesday 3rd March 2021
quotequote all
768 said:
Shnozz said:
25% corp tax - ouch
Brutal.
See my note earlier today regarding Italy. Corp tax is 24% but they have run very generous capital allowances to encourage firms to invest in technology. This is desperately needed if the UK is to step up per-capita productivity.

Eric Mc

122,144 posts

266 months

Wednesday 3rd March 2021
quotequote all
baptistsan said:
Why would the old and sick be killed off? If they were isolating they would be in no more real danger.

You are aware that there are also a large number of older people who themselves didn't want to be locked up in their own homes, nor be able to see their grandchildren etc?
You are in a minority. The vast number of people - old and young - feel that lock down was right and proper and something that was necessary.

If the vast bulk of people were wandering about ASSUMING they were healthy, the death toll would have been incredible - and the NHS would have collapsed.

Maybe that's what people like you want. Of course, you all assume that you personally won't be affected by these illnesses.

Disgraceful, and selfish.

g4ry13

17,117 posts

256 months

Wednesday 3rd March 2021
quotequote all
Ok Rishi....but where is the money coming from?!? 25% corporate tax 2 years from now?

Eric Mc

122,144 posts

266 months

Wednesday 3rd March 2021
quotequote all
Digga said:
See my note earlier today regarding Italy. Corp tax is 24% but they have run very generous capital allowances to encourage firms to invest in technology. This is desperately needed if the UK is to step up per-capita productivity.
You have heard of the Annual Investment Allowance?

Alucidnation

16,810 posts

171 months

Wednesday 3rd March 2021
quotequote all
FFS don't make this into another fking CV thread.


Anyway, i think considering what could have happened, i think this budget has addressed all the concerns that everyone had.

ant1973

5,693 posts

206 months

Wednesday 3rd March 2021
quotequote all
bobbylondonuk said:
Eric Mc said:
Small profits (under £50,000) Corporation Tax stays at 19%.

Profits over £250,000 it goes up to 25%.

Marginal rates will apply on a sliding scale between £50,000 and £250,000 (just like the old days).
Nobody is going to be calling Magic Rishi a friend of the corporates anymore!

no changes in personal taxes, no change in VAT, small businesses at lowest corp tax rate, big business gets all the shafting, 130% of capital spending deductible from EBITDA..

Goldman Sachs has taught this boy well! you have to be absolutely raving mad to try and critique this move and hold water.
Yup. I am done with the Tories. 5 figure tax increase for me in 2023.

survivalist

5,713 posts

191 months

Wednesday 3rd March 2021
quotequote all
Eric Mc said:
baptistsan said:
Why would the old and sick be killed off? If they were isolating they would be in no more real danger.

You are aware that there are also a large number of older people who themselves didn't want to be locked up in their own homes, nor be able to see their grandchildren etc?
You are in a minority. The vast number of people - old and young - feel that lock down was right and proper and something that was necessary.

If the vast bulk of people were wandering about ASSUMING they were healthy, the death toll would have been incredible - and the NHS would have collapsed.

Maybe that's what people like you want. Of course, you all assume that you personally won't be affected by these illnesses.

Disgraceful, and selfish.
Do they run online courses in virtue signalling?

Eric Mc

122,144 posts

266 months

Wednesday 3rd March 2021
quotequote all
ant1973 said:
Yup. I am done with the Tories. 5 figure tax increase for me in 2023.
Stop boasting.

Digga

40,413 posts

284 months

Wednesday 3rd March 2021
quotequote all
Eric Mc said:
Digga said:
See my note earlier today regarding Italy. Corp tax is 24% but they have run very generous capital allowances to encourage firms to invest in technology. This is desperately needed if the UK is to step up per-capita productivity.
You have heard of the Annual Investment Allowance?
£200k?!?! pft! Won't even cover the investment of a single one of our CNC machine tools. Piffling. A joke. And we're an SME.