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  1. Weststander

    [Politics] The Budget - March 2020

    The Primarolo version seemed very naive, clever tax lawyers, ex-HMRC officials working for big accounting firms and a small army of facilitators soon riding roughshod over the new rules. I’m not sure that that government’s heart was truly determined to stop the abuse. NSC’s socialists would be...
  2. Weststander

    [Politics] The Budget - March 2020

    That’s correct. It’s catering, in tax terms, for the new category of worker who’s not formerly employed. Operating through their limited company.
  3. Weststander

    [Politics] The Budget - March 2020

    They’re exactly the people who should not fall foul of IR35, in a fair system, imho. Multiple (unconnected and not contrived) clients, a clincher for me. Unless its the equivalent of two or three part jobs, where they’re under the control of the different employers on their days working...
  4. Weststander

    [Politics] The Budget - March 2020

    The consensus from those ex-ministers and hugely respected financial writers such as Gillian Tett is that this coming recession will be short. Caused by the pandemic. From a sharp downturn, growth over the following 4 plus years could be strong. I voted Remain like you. But I’m not hoping...
  5. Weststander

    [Politics] The Budget - March 2020

    Necessarily, aren’t they unknowns, no one yet knowing the effects of the pandemic on the UK? Ex ministers today have been very open that there’ll probably be a recession (2 or more consecutive quarters of a fall in GDP). Shirley China, Italy and others will endure a recession too.
  6. Weststander

    [Politics] The Budget - March 2020

    All true about those taxes, but ultimately the lack of employees and employers national insurance caused the issue from day one. Will anyone shed a tear for a loss of some specialist accountants and agencies? The raison d’etre of many of these was simply to facilitate arrangements to circumvent...
  7. Weststander

    [Politics] The Budget - March 2020

    IR35 was started 20 years ago by Gordon Brown, due to widespread tax abuse by all and sundry. Employees in anyone else's book, notably John Birt DG of the BBC, falsely purported not to be employed, in cahoots with the ultimate engager who saves 13.8% in employers national insurance costs...
  8. Weststander

    [Politics] The Budget - March 2020

    McDonnell’s fiction was that high earners and companies could pay for it all. Not believed by the electorate, Labour’s worst election result in the best part of a century. The Tories have gone down the more traditional Labour route of borrowing through gilts.
  9. Weststander

    [Politics] The Budget - March 2020

    £60B extra spending a year, than originally planned, according the BBC.
  10. Weststander

    [Politics] The Budget - March 2020

    Is the correct answer. Budget speeches never give a line by line listing of all tax and spend items in the year to come, especially existing items. That’s in the accompanying, scintillating books.
  11. Weststander

    [Politics] The Budget - March 2020

    Isn’t that Long-Bailey with a bit more stubble?
  12. Weststander

    [Politics] The Budget - March 2020

    He could do with a Keel-er to put a spring in his step.
  13. Weststander

    [Politics] The Budget - March 2020

    In reality, those proposed tax increases wouldn’t have paid for Labour’s plans according to the IFS. The Tories did say in their manifesto that they were going to spend. Not least to fulfil promises to the voters of the north and midlands.
  14. Weststander

    [Politics] The Budget - March 2020

    They are. Borrowing through gilts at record low interest rates.
  15. Weststander

    [Politics] The Budget - March 2020

    per annum for 5 years, taking roads maintenance to £7.5B until 2025. The councils simply need to get on with it now, no procrastinating. The BBC have reported a mixed picture in the past, some authorities far worse than others.
  16. Weststander

    [Politics] The Budget - March 2020

    And VAT on duffle coats.
  17. Weststander

    [Politics] The Budget - March 2020

    The opposition benches seem quiet. Are there far fewer Labour MP’s than there used to be?

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