2020 Budget predictions
Discussion
Personally, I think a fiscal boost, mainly through infrastructure investment is vital for both the immediate economy and also future GDP growth and investment. I am terrified that, through environmental NIMBYism, the UK will consign itself to a slow, painful slide down the world GDP rankings.
MrVert said:
Might as well just defer it until the current meltdown has peaked.
No point in predicting spending when revenues will be unpredictably hit...
It's already 6 months late. It should have been last November.No point in predicting spending when revenues will be unpredictably hit...
If you keep waiting for (insert whatever national emergency you like) to end, you would never have any Budgets.
The fact that we haven't had one for 18 months is causing no end of uncertainty at the moment.
Eric Mc said:
MrVert said:
Might as well just defer it until the current meltdown has peaked.
No point in predicting spending when revenues will be unpredictably hit...
It's already 6 months late. It should have been last November.No point in predicting spending when revenues will be unpredictably hit...
If you keep waiting for (insert whatever national emergency you like) to end, you would never have any Budgets.
The fact that we haven't had one for 18 months is causing no end of uncertainty at the moment.
Digga said:
Personally, I think a fiscal boost, mainly through infrastructure investment is vital for both the immediate economy and also future GDP growth and investment. I am terrified that, through environmental NIMBYism, the UK will consign itself to a slow, painful slide down the world GDP rankings.
Yeah the money tree is going to get a good shake, especially now that Javid’s gone.Big-Bo-Beep said:
bit of a long shot but i have the feeling weary motorists, as usual, will get shafted financially
as the government continue to appease the Green lobby by demonising the adherents of
the internal combustion engine.
They’ll probably use the “oil price is dropping” situation to stick fuel tax up as the government continue to appease the Green lobby by demonising the adherents of
the internal combustion engine.
El stovey said:
Digga said:
Personally, I think a fiscal boost, mainly through infrastructure investment is vital for both the immediate economy and also future GDP growth and investment. I am terrified that, through environmental NIMBYism, the UK will consign itself to a slow, painful slide down the world GDP rankings.
Yeah the money tree is going to get a good shake, especially now that Javid’s gone.Sophisticated Sarah said:
They’ll probably use the “oil price is dropping” situation to stick fuel tax up
In all fairness, I think they should raise it. Reduce unnecessary journies, reduce the number of T5s and overloaded Corsa's heading down the motorway every Friday, freer running roads and cleaner air means that other bans won't have to take place.It's like going to a slightly more expensive pub and avoiding witherspoons. Sometimes a couple of quid extra is worth it.
Big-Bo-Beep said:
bit of a long shot but i have the feeling weary motorists, as usual, will get shafted financially
as the government continue to appease the Green lobby by demonising the adherents of
the internal combustion engine.
Pretty sure fuel duty has been frozen for a decade and VED has gone up in line with inflation.as the government continue to appease the Green lobby by demonising the adherents of
the internal combustion engine.
In real terms, motoring must be as cheap as ever in history.
oyster said:
Pretty sure fuel duty has been frozen for a decade and VED has gone up in line with inflation.
In real terms, motoring must be as cheap as ever in history.
VED has been up & down all over the place for many years, especially on non-eco stuff.In real terms, motoring must be as cheap as ever in history.
VAT is at the highest rate ever, insurance now carries IPT.
It's a long way from Utopia.
There has been speculation in the run up to the budget that the Chancellor is thinking about abolishing the freeze on fuel duty and in addition abolishing the duty rebate on red diesel. A sensible government would be aware that it's diesel fuel, in both the white and red flavours, which keeps the economy moving and that any increase in pricing has repercussions. The construction industry has already voiced its concern (see link below)
https://www.theconstructionindex.co.uk/news/view/i...
https://www.theconstructionindex.co.uk/news/view/i...
Agammemnon said:
oyster said:
Pretty sure fuel duty has been frozen for a decade and VED has gone up in line with inflation.
In real terms, motoring must be as cheap as ever in history.
VED has been up & down all over the place for many years, especially on non-eco stuff.In real terms, motoring must be as cheap as ever in history.
VAT is at the highest rate ever, insurance now carries IPT.
It's a long way from Utopia.
Even allowing for that, motoring is a bargain.
Add that to the Tory manifesto green commitments, and it's inevitable that taxes on driving will go up.
Eric Mc said:
Agammemnon said:
VED has been up & down all over the place for many years, especially on non-eco stuff.
VAT is at the highest rate ever, insurance now carries IPT.
It's a long way from Utopia.
We've had IPT for around 20 years.VAT is at the highest rate ever, insurance now carries IPT.
It's a long way from Utopia.
Maybe we're due another rise in divi tax - let's hope not!
greygoose said:
Eric Mc said:
MrVert said:
Might as well just defer it until the current meltdown has peaked.
No point in predicting spending when revenues will be unpredictably hit...
It's already 6 months late. It should have been last November.No point in predicting spending when revenues will be unpredictably hit...
If you keep waiting for (insert whatever national emergency you like) to end, you would never have any Budgets.
The fact that we haven't had one for 18 months is causing no end of uncertainty at the moment.
Does anyone think companies are thinking about investment and expansion right now? Everything will off the table until this has at least peaked.
Retail, hospitality and some of the service sector could be on their knees within weeks.
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