Thunder Bolt
Silly old bat
How long did it take to destroy it? Eleven years of Tory misrule.
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How long did it take to destroy it? Eleven years of Tory misrule.
Thunder Bolt
Silly old bat
The Bank of England will print more money.
I hope this continues.
Trains are a better way to travel as well, more relax
But if you option is saving loads, people will fly.
Psychobilly freakout
HellBilly
And we are off........
The first sarcastic comment has been laid down.
Like either party is better than the other anyway.
Bear pit here we come......
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Pavilionaire
Well-known member
- Jul 7, 2003
- 30,632
As an accountant I'm struggling to recall a Budget so light on personal tax measures.
With record borrowing after the ravages of Covid it is simply staggering taxpayers are still paying a top rate of 20% tax on all Capital Gains (excluding residential property).
HMRC data shows 9,000 people paid just £5.1bn in tax on £33.7bn of capital gains income in the latest financial year available. That works out at an average tax rate of 14.8%, lower than than the basic rate income tax of 20% that people pay on salaries of between £12,571 and £50,270 or - in reality - 32% if you factor in the Class 1 NI employees also pay.
The freezing of CGT tax rates tells you all you need to know about this government.
With record borrowing after the ravages of Covid it is simply staggering taxpayers are still paying a top rate of 20% tax on all Capital Gains (excluding residential property).
HMRC data shows 9,000 people paid just £5.1bn in tax on £33.7bn of capital gains income in the latest financial year available. That works out at an average tax rate of 14.8%, lower than than the basic rate income tax of 20% that people pay on salaries of between £12,571 and £50,270 or - in reality - 32% if you factor in the Class 1 NI employees also pay.
The freezing of CGT tax rates tells you all you need to know about this government.
Marshy
Well-known member
A different kind of money is about to step in and save the day....
Did he say where he found the magic money tree?
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Thunder Bolt
Silly old bat
Austerity was such a success.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,332
fuel duty hasn't been cut, supposedly automatic rise frozen again. yes, it is incompatible with climate change agenda, but it hurt peoples pocket in a very visable way so sensitive, and is inflationary. we're going to see a lot more of this difficult juggling, green is expensive.
BBassic
I changed this.
- Jul 28, 2011
- 12,363
Thanks, appreciate that.
Fiat money doesnt need to be found, you just create it. It is the easy part. The consequences such as inflation is the difficult part.
Shropshire Seagull
Well-known member
In terms of helping to protect our national financial interests, yes Austerity was [to a degree].
But Quantitive Easing [printing money] has also helped over the last 11 years by helping to retain low inflation and low interest rates in the UK [Interest rates at a life/all-time low for many years now].
The damage Covid has done to our GDP means that we need to do it some more, and even then these rates will still rise.
Any Government in office would have needed to do something if they gave away so much money AND lost so much revenue during an 18 month global disaster.
There we go, our relationship could be reborn.
Sunak was built for that job imo, I of course would say that, the Tories are Building Back Better.
I see the levelling up is on it way too, with the biggest house rises up north.
I find these things baffling. The labour person sounded genuinely angry. It will probably take a week to work out what's what.
But I agree, Sunak is impressive.
Psychobilly freakout
HellBilly
Don't know to be honest, I carried on working, paying my taxes same as ever whoever is in power to fair.
same old shite different name.
Let's take this to the bear pit.
I am intrigued by your signature
"The true measure of any society can be found in how it treats its most vulnerable members. Mahatma Gandhi"
Is this the same fella who believed in the Aryan brotherhood, which involved whites and Indians higher up than Africans on the civilised scale ? The same fella who complained to the British the Kaffirs should not be allowed to mix with Indians ?
Was it Narnia?
nicko31
Well-known member
Embarrassing, just as we’re about the host COP26
D
Deleted member 2719
Guest
- Thread starter
- #40
Come on TB, surely even your tunnel vision can expand a bit to take it a wider picture, that would be growth, promise and sparkling wine.
Actually the Visigoths, destroyed Rome.