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Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 9:06 am
by planteria
it'll be interesting to see which of these will be implemented..

https://www.thesun.co.uk/money/10544668 ... iness-tax/

simplification seems set to continue, with NI thresholds being moved up to match Income Tax being helpful to so many people. the pound is already up, as Project Fear continues to be ignored by the people and the markets.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 9:17 am
by kevinchess1
I’ve never understood why a person on minimum wage pays NI and income tax?
Personally, I think NI should be scrapped or put into your pension pot

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 9:22 am
by Sarah
There was a pundit on the radio recently who stated the amount of manifesto policies that actually get implemented by the winning party is typically around 50%. It'll be interesting to see how many promises this incoming government do keep; they'll have enough strength to do pretty much whatever they wish.

The percentage follow-through on their previous Queen's Speech was presumably a contender for a new low... must be close to 0% or thereabouts?

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 9:41 am
by planteria
well, there's no doubt that the new government are serious about implementing their promises, whereas the people rightly judged that there was no chance from the alternatives.. scrapping tuition fees was ignored last time, as was free broadband etc this time. in terms of simplifications and incentives to working people as outlined in the article, they, and those around them, already have form for doing what they say. criticism of broken brexit timeframes etc is obviously hollow.

and re kevin's comments: the NI threshold levelling up certainly makes sense. there's been talk of eventually scrapping NI and just including it within IT, and that's the kind of simplification that would continue the trend.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 9:49 am
by parchedpeas
merging tax and NI is sensible, but this is yet another tax cut in a country that needs investment in services.

Where are these fabled 'extra billions' coming from?

And the markets have reacted because of the removal of uncertainty: the facts behind 'project fear' have not changed. They were based on the governments own figures.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 10:18 am
by Sarah
Not just the government - every credible expert. The 'uncertainty' gets unfair bad press since the negative effects of leaving the EU are expected to be worse.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 10:23 am
by blythburgh
Promises in an electcion and what happens after have always been very different. Not always the fault of the Govt. as things can happen in the rest of the world which gives us a severe economic jolt.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 10:35 am
by planteria
parchedpeas wrote:
Mon Dec 16, 2019 9:49 am
the facts behind 'project fear' have not changed. They were based on the governments own figures.
it's not even about facts, more about threats of an emergency budget within days, reductions to state pensions within weeks, no bread in the shops, no baby milk in the UK et al.. nonsense, which was seen as such.

anyway, we are moving forwards, and there are some interesting developments to come for working people.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 10:50 am
by blythburgh
The warnings about leaving the EU will be proven to be false or true when we actually leave.

Re: Boris boost for Pensions, cuts to Tax and Stamp Duty..

Posted: Mon Dec 16, 2019 10:53 am
by planteria
well, yes, over time. but there were threats made to deter people from daring to vote Leave back in 2016, with apparent changes required immediately following the result. shameful. anyway, we are moving forwards, and there are some interesting developments to come for working people.