I thought her aim was to plug the financial black hole left by the previous Tory government.
-
Looking for a smarter way to manage your heating this winter? We’ve been testing the new Aqara Radiator Thermostat W600 to see how quiet, accurate and easy it is to use around the home. Click here read our review.
Rachael's report - "could do better"
- Thread starter Justin Passing
- Start date
- Joined
- 31 May 2016
- Messages
- 24,768
- Reaction score
- 5,336
- Country
There wasn’t one. She of course has her own economic woes due to the actions of her government.
Jobs tax reducing jobs, capital gains tax reducing capital gains. Other countries are benefiting from her mistakes.
- Joined
- 22 Aug 2006
- Messages
- 7,050
- Reaction score
- 1,171
- Country
In the US, Trump et V are pushing for individuals to be able to invest their accumulating pension pot (401k) in things like cryptocurrencies, private equities, and gold. Maybe Rache is getting a hint from that.
It's a different arraangement from ours. It's state overseen but limited in contributions, but not fixed like our state pension.
Australia's setup is respected - I haven't got into the detail yet. They have a mandatory state controlled "Super annuation scheme" about 12%, professionally managed. Then when you're old there's a state , means tested benefit to keep you alive, if you "blow your super".
It's a different arraangement from ours. It's state overseen but limited in contributions, but not fixed like our state pension.
Australia's setup is respected - I haven't got into the detail yet. They have a mandatory state controlled "Super annuation scheme" about 12%, professionally managed. Then when you're old there's a state , means tested benefit to keep you alive, if you "blow your super".
Wasn't there 7 billion gone straight to doctors to make the strike go away. And that figure is included in the much quoted inherited "black hole"
Not sure on the number
Rach is being questioned now by Economic Affairs Committee
It's not just the fact that starmer sees political advantage in giving children the vote but its because when he signed us into the European defence and securities union he gave UVPL the ability to conscript an EU army from 16 to 35 and you can't ask them to fight for your country if they don't get a vote so they need to be very careful for what they're voting for at the next election these kids
- Joined
- 31 May 2016
- Messages
- 24,768
- Reaction score
- 5,336
- Country
Wealth Taxes are coming according to the left wing press:
www.theguardian.com
A lefty ex-Tax lawyer says it wont work:
taxpolicy.org.uk
Starmer and Reeves should prepare UK for wealth tax, say top economists
PM could raise ‘tens of billions’ while positioning Britain as progressive, say Thomas Piketty and others
www.theguardian.com
A lefty ex-Tax lawyer says it wont work:
UK wealth tax: high risk and anti-growth
Claims of £24bn from a UK wealth tax ignore delays, capital flight (£200–£500bn) risks to growth and employment. Data, country evidence & better reforms.
taxpolicy.org.uk
I probably would support a wealth tax in principle. The country has become very unequal, and it seems impossible to bring in enough tax to pay for everything the voters want. But I am concerned that it would have too many unintended consequences.
It won't work because those with what Starmer wants have already put it where Reeves can't get her sticky paws into the pot.
They're not daft you stupid cow, as soon as it became obvious Sunak was going to lose office and control, they put into force plans that were made earlier.
They're not daft you stupid cow, as soon as it became obvious Sunak was going to lose office and control, they put into force plans that were made earlier.
Is this brought on by Corbyns new party being launched and its seemingly massive quick growth for registering as i am sure this is something he will do. Labour seem to be ever making up policies on the hoof and knee-jerk reaction to other parities just to try and not loose the next election
It might be the only way to govern these days. Voters no longer seem to be able to accept tough choices.
You wait until all 16yr olds get the vote, coz you aint seen nuffin yet
First they came for the Communists
And I did not speak out
Because I was not a Communist
Then they came for the Socialists
And I did not speak out
Because I was not a Socialist
Then they came for the trade unionists
And I did not speak out
Because I was not a trade unionist
Then they came for the Jews
And I did not speak out
Because I was not a Jew
Then they came for me
And there was no one left
To speak out for me
My thanks to Martin Niemöller who wrote this piece
- Joined
- 31 May 2016
- Messages
- 24,768
- Reaction score
- 5,336
- Country
I haven't seen the details. But let's say its net assets of £10M. lets say I have..
vehicles 500k
Boat 2M
Property 3M
cash and investments 5M.
TOTAL 10.5M
wealth tax 2% on assets over 10M so - 10k In extra tax. hardly worth avoiding. If I double the value of all of that, I'm on the hook for an additional £220k. So I call my tax lawyer and for £400p/h, he comes up with the following plan:
transfer boats and some of the property assets to a hold-co, with the hold-co holding the purchase fee as a down payment on a lease back. The lease back is very expensive and the market rate for renting these assets is so high, nobody would. Nothing has changed - other than my net worth. The only tax receipt is the VAT on my layers fee.