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[Politics] The official Budget thread - kick off 12.30pm
- Thread starter Giraffe
- Start date
- Aug 8, 2005
- 26,569
- Thread starter
- #3
I think since covid there has been a lot of leakage yes, but probably not what you meant.
FSTE 100 tanked this morning
- Aug 8, 2005
- 26,569
- Thread starter
- #5
Silicon Valley Bank must be playing in to this to some extent. Also think it is why Hunt is looking to give pensions a boost. A lot of investment and private equity was funded by SVB and need the pension money investment.
Dick Swiveller
Well-known member
- Sep 9, 2011
- 9,159
The budget seems to have Barry Manilow's seal of approval
Edit - look what happens when you listen to the boss and don't snip a screenshot but post a URL instead!
Edit - look what happens when you listen to the boss and don't snip a screenshot but post a URL instead!
After the losses Monday it had started to recover. Mind you I did gamble earlier buying £5000 in the Vanguard FSTE 100 fund in my pension.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,315
brave opener, predicting we'll not go into recession. hostage to fortune there.
and OBR expects inflation to be 2.9% by the end of this year... punchy.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,315
frozen some duties, will help lower inflation. its all passing around at the back so far.
- Aug 8, 2005
- 26,569
- Thread starter
- #12
Yep other than the childcare stuff it does feel a little dull so far.
- Aug 8, 2005
- 26,569
- Thread starter
- #13
Will be decent if they achieve that.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,315
investment in carbon capture a bigger deal than most will probably realise or credit. cant feasibly attain net zero without it.
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,590
20 minutes ago Hunt said: "They (Labour) put taxes up, we put them down.!" This is a staggering bare-faced lie.
In just 17 days time any limited company making more than £50,000 of profit will see the rate of corporation tax they pay increase by an eye-watering 7 1/2%. Here, the present 19% rate will increase to 26 1/2% on all profit from £50K - £250K, then down to 25% for profits over £250K.
Indeed, tax on company and the dividends those directors take have increased by so much that - for the first time in my accountancy career of 26 years - many will be better off by taking higher PAYE'd salary than small salary / high dividend.
Today's Budget has help for big business but NOTHING for small businesses.
In just 17 days time any limited company making more than £50,000 of profit will see the rate of corporation tax they pay increase by an eye-watering 7 1/2%. Here, the present 19% rate will increase to 26 1/2% on all profit from £50K - £250K, then down to 25% for profits over £250K.
Indeed, tax on company and the dividends those directors take have increased by so much that - for the first time in my accountancy career of 26 years - many will be better off by taking higher PAYE'd salary than small salary / high dividend.
Today's Budget has help for big business but NOTHING for small businesses.
Bob!
Coffee Buyer
- Jul 5, 2003
- 11,138
but....
The hike is only set to affect around 10 per cent of businesses.
Firms with profits of less than £50,000 will continue to be taxed at 19 per cent, while companies with profits between £50,000 and £250,000 will be subjected to a tapered rate, and they will be able to invest in IT, plant or machinery and have the amount taken off their taxable profits in full - essentially a full refund of 100 per cent.
KZNSeagull
Well-known member
Very good news re the fund for helping disabled people into work. Looking forward to hearing more about that.
Yup. that's the way to encourage growth - put taxes up for SMEs. Now we have a chancellor who has no grasp of basic economic laws and rules.
I'm off to buy my own ditch so I can plough The Hunt into it.