How’s Rachael from accounts getting on…..
- Thread starter Mottie
- Start date
…and it never will.never gets old, does it.
oh wait...
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Rumours in the press that Rachel Reeves is toast.
Starmer is acting like trump sacking everyone around him, its everyone else's fault
Unemployment up, unexpectedly. Unexpected by who? Certainly not by anyone with a bit of common sense. Labour are still in power dontcha know.
www.bbc.co.uk
UK unemployment rate unexpectedly rises to 5%
The number of UK job vacancies also fell to its lowest level in five years as the initial impact of the Iran war on businesses starts to be seen.
www.bbc.co.uk
Retired people are not included in unemployed numbersAgeing population.
Or, in other words, more and more codgers
More young people out of work, been growing since Labour came to power.Ageing population.
Or, in other words, more and more codgers
Correct. Because they are not looking for work.
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If only we had laws that encouraged businesses to hire people rather than imposing employee rights that make them think twice.
Employment Rights Act = fewer jobs
Renters Rights Act = fewer Homes to rent
good job
Employment Rights Act = fewer jobs
Renters Rights Act = fewer Homes to rent
good job
And now the government are looking a forcing all landlords to fit a heat pump by changing how the EPC is calculated so any property with a gas boiler will never be able to reach a level C when it comes in. Currently there are 2m rented properties that already do not meet level C - so that's 2M less rental properties less to rent - wonder if that will mean lower rents - this government needs getting rid of and a sensible one putting in.If only we had laws that encouraged businesses to hire people rather than imposing employee rights that make them think twice.
Employment Rights Act = fewer jobs
Renters Rights Act = fewer Homes to rent
good job
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I'm hearing nothing good proposed by anyone.
I'm no economist and I may have the plans a bit worng, but
Fixing supermarket prices sounds dumb. They're on tiny margins anway, so it would hit the farmers, wages,...
Equalising CGT and Income tax sounds ok but there are loads of caveats. Businesses would be hit very hard if it applied to them.
Individuals either have small amounts in Capital-Gains-bearing assets, or they get round them.
We need the country to earn more money in the first place, not perpetually try to get more from the population.
We have practically no advanced engineering n the country. A bit in aviation, some in power generation.
A few billion went into the establishment of ASML in Holland, a few years ago. That's the factory which makes the machines which can make the world's best semiconductors. Nobody else is close, at the moment, and it has turned into a huge money machine.
With an econony over 3x Holland's, that's the sort of initiative we need.
We have nothing. ARM, a relative minnow, started in Cambridge was successful, but it's Japanes owned and most profits are realised in the US.
Plan for the NHS - old gits like me, especially the ones who pay high taxes, should contribute - in an extension to National Insurance. We're the ones who use it.
ISA protection is getting pretty significant. There are 20,000 individuals with accounts holding over 1m, spitting out a tax free income from dividends towards say 100k ea, while still growing at several %+ at least in recent years. Money held in SIPPS does that too.
It's mad that, if you have enough money accumulated over years, tax only applies to a little bit of it.
So, eg for a moderately comfortable pensioner:
1m in ISAs, dividends around 70kpa, capital still grows
1m in a pension pot, dividends around 70kpa, capital still grows
Other cash, say 4m, in treasury bonds earning 4.3% as a capital gain = 172kpa
All tax free so far.
The retained capital in the ISA and SIPP would still grow faster than inflation, in recent rears. (Or be a multiple of it if you try a bit)
Other random bits of cash used for trading, grow say x2 in a year if you don't try much, so you do it in a Spread Betting platform which is tax free.
Taxable on the income from the 4m in TBs at 20% of only 0.125%, £1000.
State pension is just £23 under the bottom of the basic band, so the 1000 pushes you into tax. Bummer,
Moi doesn't pay tax.
Total income then £312,000 per annum. Say 1k taxable. Give it to charidee, become a hero. Say the Green Party, then you get your grass cut free by a do-gooder.
1k comes off your taxable income.
Tax, nil.
PIP 7500pa, and WFA 180 (was it) just part way towards a half case of wine at Christmas like a '23 d'Yquem (£1200/bottle), remain tax free.
TGFT, one wouldn't want the bstrds getting their hands on it, I'm ENTITLED to that.
If you plan on living over 7 years, want the income but don't plan on buying yet another yacht, put the money in trust for the benificiary. They pay the tax and give you the rest in a brown envelope.They get the lump, inheritance tax free, when you move on.
So no tax, bar what you can't be arsed to avoid paying. You can make your house part of the Trust, too.
Quite right too. Tax is for the little people to pay.
Isn't it?
I'm no economist and I may have the plans a bit worng, but
Fixing supermarket prices sounds dumb. They're on tiny margins anway, so it would hit the farmers, wages,...
Equalising CGT and Income tax sounds ok but there are loads of caveats. Businesses would be hit very hard if it applied to them.
Individuals either have small amounts in Capital-Gains-bearing assets, or they get round them.
We need the country to earn more money in the first place, not perpetually try to get more from the population.
We have practically no advanced engineering n the country. A bit in aviation, some in power generation.
A few billion went into the establishment of ASML in Holland, a few years ago. That's the factory which makes the machines which can make the world's best semiconductors. Nobody else is close, at the moment, and it has turned into a huge money machine.
With an econony over 3x Holland's, that's the sort of initiative we need.
We have nothing. ARM, a relative minnow, started in Cambridge was successful, but it's Japanes owned and most profits are realised in the US.
Plan for the NHS - old gits like me, especially the ones who pay high taxes, should contribute - in an extension to National Insurance. We're the ones who use it.
ISA protection is getting pretty significant. There are 20,000 individuals with accounts holding over 1m, spitting out a tax free income from dividends towards say 100k ea, while still growing at several %+ at least in recent years. Money held in SIPPS does that too.
It's mad that, if you have enough money accumulated over years, tax only applies to a little bit of it.
So, eg for a moderately comfortable pensioner:
1m in ISAs, dividends around 70kpa, capital still grows
1m in a pension pot, dividends around 70kpa, capital still grows
Other cash, say 4m, in treasury bonds earning 4.3% as a capital gain = 172kpa
All tax free so far.
The retained capital in the ISA and SIPP would still grow faster than inflation, in recent rears. (Or be a multiple of it if you try a bit)
Other random bits of cash used for trading, grow say x2 in a year if you don't try much, so you do it in a Spread Betting platform which is tax free.
Taxable on the income from the 4m in TBs at 20% of only 0.125%, £1000.
State pension is just £23 under the bottom of the basic band, so the 1000 pushes you into tax. Bummer,
Moi doesn't pay tax.
Total income then £312,000 per annum. Say 1k taxable. Give it to charidee, become a hero. Say the Green Party, then you get your grass cut free by a do-gooder.
1k comes off your taxable income.
Tax, nil.
PIP 7500pa, and WFA 180 (was it) just part way towards a half case of wine at Christmas like a '23 d'Yquem (£1200/bottle), remain tax free.
TGFT, one wouldn't want the bstrds getting their hands on it, I'm ENTITLED to that.
If you plan on living over 7 years, want the income but don't plan on buying yet another yacht, put the money in trust for the benificiary. They pay the tax and give you the rest in a brown envelope.They get the lump, inheritance tax free, when you move on.
So no tax, bar what you can't be arsed to avoid paying. You can make your house part of the Trust, too.
Quite right too. Tax is for the little people to pay.
Isn't it?
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If that were the case then why are other supermarket chains making profits and opening more stores?
Morrisons after their equity takeover lost their main liquidity through asset stripping, made stupid purchase choices, and have a bad business model...
But hey, you'll blindly spin it otherwise simply because of your ignorant/warped ideology
They took over some loss making properties which they hoped to rescue but the wonderful government changes just tipped the balance. Thanks Rachel.
Morrisons planning to close 100 stores in next few months
It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".
www.bbc.co.uk
