Evidence led.
What they should be worried about is that the biggest tax rises arrive AT Election time. #bbclaurak
What they should be worried about is that the biggest tax rises arrive AT Election time. #bbclaurak
Bottom line - more pubs and independent shops are going to collapse.
Cabinet Ministers have so little experience of running a small business. #r4today #SMEs
Coupled with the continued rise in public sector spending, it’s hard to see how this week’s Budget has supported future growth. #r4today
Coupled with the continued rise in public sector spending, it’s hard to see how this week’s Budget has supported future growth. #r4today
www.bbc.co.uk/news/article...
www.bbc.co.uk/news/article...
I left for Australia at age 25 at a time when UK economy was in tatters, but that wasn’t the driver.
I wanted life experience and I’m sure that has not changed. #r4today
I left for Australia at age 25 at a time when UK economy was in tatters, but that wasn’t the driver.
I wanted life experience and I’m sure that has not changed. #r4today
But it only works if Government can get its plans through Parliament and we have seen how weak it can be on achieving that. #c4news
But it only works if Government can get its plans through Parliament and we have seen how weak it can be on achieving that. #c4news
They are usually fiddly little things too, that don’t satisfy you, or even go together very well. You end up making a mess and want to wash your hands thoroughly of them.
Rarely has a metaphor been so apt. #c4news #TheBudget
They are usually fiddly little things too, that don’t satisfy you, or even go together very well. You end up making a mess and want to wash your hands thoroughly of them.
Rarely has a metaphor been so apt. #c4news #TheBudget
The big difference was that the redistribution is coming from the middle income cohort, not the rich.
That is politically very dangerous for Labour. #bbcpm
The big difference was that the redistribution is coming from the middle income cohort, not the rich.
That is politically very dangerous for Labour. #bbcpm
But it is all but irrelevant in raising tax from this budget.
At best it will raise £400m, will be costly to implement as well as complicated, incl. requiring exemptions.
I would say it’s 50-50 whether it even happens at all. #bbcpm
But it is all but irrelevant in raising tax from this budget.
At best it will raise £400m, will be costly to implement as well as complicated, incl. requiring exemptions.
I would say it’s 50-50 whether it even happens at all. #bbcpm
To date, it has levied £66 billion in less than 18 months. #bbcpm
To date, it has levied £66 billion in less than 18 months. #bbcpm
E.g. those 250 neighbourhood health centres Government promised - will they be PFI built, bringing the crippling debt to NHS budgets that PFI hospitals did (and is still doing)?
Silence from Labour. #wato
E.g. those 250 neighbourhood health centres Government promised - will they be PFI built, bringing the crippling debt to NHS budgets that PFI hospitals did (and is still doing)?
Silence from Labour. #wato
Actually, we need immigration.
It’s just that political parties are too shallow to admit it. #wato
In time, UK will realise that we will end up competing to win immigration to our shores - supporting our economy and rebalancing our demography.
#r4today
Actually, we need immigration.
It’s just that political parties are too shallow to admit it. #wato
But it needs reading by Government.
Too much of the current system is unsustainable, and we cannot go on burying our heads in the sand forever.
#wato
ifs.org.uk/publications...
But it needs reading by Government.
Too much of the current system is unsustainable, and we cannot go on burying our heads in the sand forever.
#wato
ifs.org.uk/publications...
Business reserve savings - 2% tax ⬆️
Dividend payments - 2% tax ⬆️
Staff on minimum wage - wage rise
Income tax thresholds - frozen
Any property rental income - 2% tax ⬆️
Salary sacrifice - capped
www.freeagent.com/blog/autumn-...
#wato
Business reserve savings - 2% tax ⬆️
Dividend payments - 2% tax ⬆️
Staff on minimum wage - wage rise
Income tax thresholds - frozen
Any property rental income - 2% tax ⬆️
Salary sacrifice - capped
www.freeagent.com/blog/autumn-...
#wato
Non food retail sales fell into decline in October, making Black Friday discounts likely to be available longer into December. #wato
www.insightdiy.co.uk/news/brc-ret...
Non food retail sales fell into decline in October, making Black Friday discounts likely to be available longer into December. #wato
www.insightdiy.co.uk/news/brc-ret...
Government looks at headline changes in tax, whereas the real world impacts are what consumers actually pay. #wato
#CostOfLiving
Government looks at headline changes in tax, whereas the real world impacts are what consumers actually pay. #wato
#CostOfLiving
Will be interesting to hear the different perspectives. #r4today
Will be interesting to hear the different perspectives. #r4today
Eg Cindrilla - it didn’t end well for her! 😮
Eg Cindrilla - it didn’t end well for her! 😮
UK’s is not low - in fact it’s one of the highest statutory wages in the OECD. (Source: FT)
Instead, it’s the housing market and energy prices that are crippling low income earners.
#c4news
UK’s is not low - in fact it’s one of the highest statutory wages in the OECD. (Source: FT)
Instead, it’s the housing market and energy prices that are crippling low income earners.
#c4news
Curious that Reeves didn't spell this out in her speech. 🤥 #bbcpm
Calculate the impact on you via this handy tool from FT.
www.ft.com/content/54cb...
Curious that Reeves didn't spell this out in her speech. 🤥 #bbcpm
Calculate the impact on you via this handy tool from FT.
www.ft.com/content/54cb...
The landlords income tax on rent will mean some increase rents to offset the new tax. Others may choose to exit the market entirely, esp. those with just one property - so called 'accidental landlords'.
Higher rents + fewer rental properties. #bbcpm.
The landlords income tax on rent will mean some increase rents to offset the new tax. Others may choose to exit the market entirely, esp. those with just one property - so called 'accidental landlords'.
Higher rents + fewer rental properties. #bbcpm.
And pensioners whose retirement income was below the threshold. A full state pension is very close to the threshold now, so even small savings income could be taxed too. 😮 #wato
And pensioners whose retirement income was below the threshold. A full state pension is very close to the threshold now, so even small savings income could be taxed too. 😮 #wato