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

Money, investing, mutuals etc
parchedpeas
Posts: 410
Joined: Tue Jun 29 2010 1:34pm
Has thanked: 200 times
Been thanked: 460 times
Contact:

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

Post by parchedpeas » Mon Dec 16 2019 11:13am

Changes WERE made the day after the result, by the Bank of England. Those changes mitigated some of the effects, and the pretty close deal Theresa May negotiated mitigated others.

The real test will be in December when we're supposed to leave onto an FTA. If, as everyone suggests, this will be bare-bones at best, then there will undoubtedly be problems for business and knock on effects for consumers.

Lots of this 'moving forwards' nonsense is just the same tin-eared response we've had from leaver voters for the last three years. Supporters of close ties with the EU may well have lost the vote, but the facts have not changed and will not change. I anticipate that Johnson will borrow like mad to get a sticking plaster put over the problem because his interest does not lie in the good of the country, he just wants his name attached to "success". Londoners know this only too well.
Thanked by: blythburgh

Sarah
Posts: 5829
Joined: Sat Jun 26 2010 10:01am
Has thanked: 432 times
Been thanked: 4414 times
Contact:

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

Post by Sarah » Mon Dec 16 2019 1:33pm

An impromptu budget always seemed an unlikely issue to swing votes. I understand Sajid Javid is planning to have one in February anyway.
Thanked by: blythburgh

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Mon Dec 16 2019 2:01pm

It's done, let's look to the future...
[imutual Cashback Investment Club]

Chadwick
Posts: 2435
Joined: Mon Jul 05 2010 4:21pm
Has thanked: 1234 times
Been thanked: 2583 times
Contact:

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

Post by Chadwick » Mon Dec 16 2019 2:17pm

AAAlphaThunder wrote:
Mon Dec 16 2019 2:01pm
It's done, let's look to the future...
We are.


There's a viral post doing the rounds on Facebook at the moment. I haven't got it to hand but the gist is this:

For 3.5 years, Remainers have said that leaving the EU is not in our best interests. Leave campaigners have claimed otherwise, and our electoral system has returned a resounding victory in support of Brexit.
Remain has lost the argument. It's now up to the leavers to deliver all the benefits they said would appear.


So, the proof will be in the pudding. There's nothing stopping Boris now. He can implement the Surrender Agreement that is worse than staying in - that's what the electorate want.

The question is, were remainers, the Bank of England, and every analysis including the government's, correct; Brexit will not deliver any benefit, and in fact will make us worse off, personally and nationally? Was Rees-Mogg right, when he said it would take 50 years before we get the Brexit-bonus?

Or were UKIP and the leavers right; there are good reasons for leaving the EU, and as soon as we exit we will start to reap the benefits?
Thanked by: blythburgh

Sarah
Posts: 5829
Joined: Sat Jun 26 2010 10:01am
Has thanked: 432 times
Been thanked: 4414 times
Contact:

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

Post by Sarah » Tue Dec 17 2019 2:08am

The upcoming years seem likely to be unremittingly awful, with practically unopposed right wing government and unabashed nationalism across all quarters of the UK. It may help preserve sanity to switch off politics and try to ignore it as much as possible; otherwise we may soon need to watch the news from behind the sofa.

This week Boris Johnson will test the new Speaker of the House of Commons by pushing against established procedures to timetable the first and second readings of the latest revised Withdrawal Agreement on the same day; not usually allowed, so that MPs can have sufficient time to review proposed legislation. He's also reported to be considering dropping commitments on workers rights and including a change that prevents transition arrangements extending beyond 2020; which unnecessarily ties his own hands if negotiations aren't going well, so that he's either forced to make whatever concessions necessary to strike a trade deal with the EU, or pivots to no deal.
Thanked by: blythburgh, parchedpeas

expressman33
Posts: 12468
Joined: Tue Jun 29 2010 10:36pm
Location: stockport
Has thanked: 3006 times
Been thanked: 10641 times
Contact:

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

Post by expressman33 » Tue Dec 17 2019 9:10am

parchedpeas wrote:
Mon Dec 16 2019 9:49am
merging tax and NI is sensible, but this is yet another tax cut in a country that needs investment in services.
It would be an increase in tax for high earners
Thanked by: blythburgh

blythburgh
Posts: 17737
Joined: Tue Jun 29 2010 7:14pm
Location: The Far East
Has thanked: 35005 times
Been thanked: 6106 times
Contact:

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

Post by blythburgh » Tue Dec 17 2019 10:16am

expressman33 wrote:
Tue Dec 17 2019 9:10am
parchedpeas wrote:
Mon Dec 16 2019 9:49am
merging tax and NI is sensible, but this is yet another tax cut in a country that needs investment in services.
It would be an increase in tax for high earners
Well at least they can afford it unlike those on zero hour contracts who all too often end up at a food bank
Thanked by: parchedpeas
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

blythburgh
Posts: 17737
Joined: Tue Jun 29 2010 7:14pm
Location: The Far East
Has thanked: 35005 times
Been thanked: 6106 times
Contact:

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

Post by blythburgh » Tue Dec 17 2019 10:18am

planteria wrote:
Mon Dec 16 2019 10:35am
parchedpeas wrote:
Mon Dec 16 2019 9:49am
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.
We can only live in hope that the interesting developments will be to the advantage not to the disadvantage of the working people.

But it is all in the hands of our unelected leader, Dominic Cummins.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

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

Post by BeautifulSunshine » Tue Dec 17 2019 11:43am

blythburgh wrote:
Tue Dec 17 2019 10:18am
planteria wrote:
Mon Dec 16 2019 10:35am
parchedpeas wrote:
Mon Dec 16 2019 9:49am
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.
We can only live in hope that the interesting developments will be to the advantage not to the disadvantage of the working people.

But it is all in the hands of our unelected leader, Dominic Cummins.
Didn't he do well.
[imutual Cashback Investment Club]

parchedpeas
Posts: 410
Joined: Tue Jun 29 2010 1:34pm
Has thanked: 200 times
Been thanked: 460 times
Contact:

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

Post by parchedpeas » Tue Dec 17 2019 11:57am

expressman33 wrote:
Tue Dec 17 2019 9:10am
parchedpeas wrote:
Mon Dec 16 2019 9:49am
merging tax and NI is sensible, but this is yet another tax cut in a country that needs investment in services.
It would be an increase in tax for high earners
No, what he is proposing now - raising NI contributions limit to £12,500 - is a tax cut for all workers. At a time when we need tax receipts.
Thanked by: blythburgh

Post Reply

Who is online

Users browsing this forum: No registered users and 18 guests