2021 Budget Predictions
Discussion
TriumphStag3.0V8 said:
turbobloke said:
Fittster said:
Venisonpie said:
Digga said:
UK needs to improve productivity. The key route is through investment; one man with a shovel can only do so much, give him a mini digger he can do a whole lot more. 
Yup. Encourage economic growth and shrink the debt rather than strangle GDP potential. So more damage to the UK economy because of Brexit.
Try this for size - they got it wrong after the referendum and may well do just as good a job this time.
OBR Explains Errors in Forecasting Impact of Brexit
https://www.ft.com/content/d140f26e-f7b9-11e8-af46...
Essence of the article for those with no FT access - OBR admits that UK public finances deterioration it forecast after the EU referendum result has not materialised.
The OBR really should apologise to remainers for getting their hopes up.
If any pessimism gap emerges we can always be reminded about the yachties "won't somebody think of the yachties".
snuffy said:
There we go, as I said, all those predicted massive tax raids did not happen (with the exception of corporation tax).
Isn't the Corp Tax rise also tapered between 50k profit to 250k profit, so the 25% rate kicks in over 250k (profit)?Cue Amazon et al making even less profit each year
Freeports , they keep pushing them but never explain it to the public and the public are stupid so dont care.
One idea is buy lots of meds and store the containers at the freeport. You know whats coming due to data input from everywhere and AI doing the brainwork.
Sell it all for vast profits when it becomes scarce due to latest pandemic. UK doesnt benefit at all apart from maybe tax on the storage costs.
Individuals get really rich.
Could be some other reason for freeports im not aware of.
Actually should have just said 'like del boys lockup'
One idea is buy lots of meds and store the containers at the freeport. You know whats coming due to data input from everywhere and AI doing the brainwork.
Sell it all for vast profits when it becomes scarce due to latest pandemic. UK doesnt benefit at all apart from maybe tax on the storage costs.
Individuals get really rich.
Could be some other reason for freeports im not aware of.
Actually should have just said 'like del boys lockup'
Murph7355 said:
snuffy said:
There we go, as I said, all those predicted massive tax raids did not happen (with the exception of corporation tax).
Isn't the Corp Tax rise also tapered between 50k profit to 250k profit, so the 25% rate kicks in over 250k (profit)?Cue Amazon et al making even less profit each year
kingchanceos.Murph7355 said:
snuffy said:
There we go, as I said, all those predicted massive tax raids did not happen (with the exception of corporation tax).
Isn't the Corp Tax rise also tapered between 50k profit to 250k profit, so the 25% rate kicks in over 250k (profit)?Cue Amazon et al making even less profit each year
As I say, the predictions on here, and in the media, failed to happen.
snuffy said:
Murph7355 said:
snuffy said:
There we go, as I said, all those predicted massive tax raids did not happen (with the exception of corporation tax).
Isn't the Corp Tax rise also tapered between 50k profit to 250k profit, so the 25% rate kicks in over 250k (profit)?Cue Amazon et al making even less profit each year
As I say, the predictions on here, and in the media, failed to happen.
Murph7355 said:
Isn't the Corp Tax rise also tapered between 50k profit to 250k profit, so the 25% rate kicks in over 250k (profit)?
Cue Amazon et al making even less profit each year
Explained by me above.Cue Amazon et al making even less profit each year
Corporation Tax worked like this for many years. It was "simplified" to a single rate a number of years ago.
It's just been made complicated again.
hyphen said:
FT took Rishi to task in his press conference just now. They advised that have analyzed and found the location based grants mostly favour Tory constituencies. Including Rishi's own
Naughty boy
Maybe there are more tory than labour constituencies due to the election result....................?Naughty boy
According to the Budget report, the cost of the "super deduction" will be just under £25bn.
That is more than the increase in corporation tax is estimated to raise by 2025 - 2026 (c. 17bn).
So this is in effect a tax transfer from non-capital intensive businesses to capital intensive businesses.
That is more than the increase in corporation tax is estimated to raise by 2025 - 2026 (c. 17bn).
So this is in effect a tax transfer from non-capital intensive businesses to capital intensive businesses.
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Biggy Stardust said:
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'?
ant1973 said:
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Murph7355 said:
purplepenguin said:
Similar to furlough?
Probably more like in work benefits purplepenguin said:
ant1973 said:
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Alucidnation said:
What the actual fking point is Kier trying to prove exactly?
He just came across as an utter prick, throwing insults and coming out with fluffy soundbite bits and pieces. Nothing of substance to attack this budget on (it's decent given the circumstances) so all he could do was try to make himself sound clever and superior. He failed!king point is Kier trying to prove exactly?Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff