S
Squid
Let the fun commence,
(any pornographic/sexist/racist links are fully accidental)
(any pornographic/sexist/racist links are fully accidental)
O
Octopus
From the B (biased) B (broadcasting) C (company)
The state of the economy
Stamp duty and housing
Defence and security
Personally I think the end to PFI contracts is a good thing
The state of the economy
- Era of austerity is "finally coming to an end"
- 2018 growth forecast upgraded from 1.3% to 1.6%
- Growth forecast of 1.4%, 1.4%, 1.5% and 1.6% in four subsequent years
- 3.3 million more people in work since 2010
- Wages growth at its highest in nearly a decade
- Public borrowing in 2018 to be £11.6bn lower than forecast in March, representing 1.2% of gross domestic product, (GDP) the total value of goods produced and services provided
- Borrowing forecast to fall in subsequent years to £31.8bn, £26.7bn. £23.8bn, £20.8bn and £19.8bn
- Debt as share of GDP to fall from 85.2% in 2016-17 to 83.7% this year and to 74.1% by 2023-24
- Extra £500m for preparations for leaving the EU
- Spring Statement next March could be upgraded to full Budget if needed
- A commemorative 50p coin to mark the UK's departure from the EU (announced on 29 October)
- Beer, cider and spirits duties to be frozen
- Wine duty to rise in line with inflation
- Tobacco duty will continue to rise by inflation plus 2%
- Fuel duty to be frozen for ninth year in a row (announced on 3 October)
Stamp duty and housing
- All shared equity purchases of up to £500,000 to be exempt from stamp duty
- £500m for the Housing Infrastructure Fund, designed to enable a further 650,000 homes to be built
- Lettings relief limited to properties where the owner is in shared occupancy with the tenant
Defence and security
- An extra £160m for counter-terrorism police
- An extra £1bn for armed forces, for cyber-capabilities and the UK's new nuclear submarine programme
- £10m for mental health care for veterans, to mark the centenary of World War One Armistice
- £1.7m in education programmes to mark the 75th anniversary of the liberation of Bergen-Belsen concentration camp, in northern Germany
- New digital services tax on UK revenues of big technology companies, from April 2020
- Profitable companies with global sales of more than £500m will be eligible
- Private finance initiative (PFI) contracts to be abolished in future
- New centre of excellence to manage existing deals "in the taxpayer's interest"
- Annual investment allowance to be increased from £200,000 to £1m for two years
- Contribution of small companies to apprenticeship levy to be reduced from 10% to 5%
- Business rates bill for companies with a rateable value of £51,000 or less to be cut by third over two years
- Measure to benefit 90% of independent companies, cutting bill by £8,000
- £900m in business rates relief for small businesses and £650m to rejuvenate High Streets
- New mandatory business rates relief for all lavatories made available for public use, whether publicly or privately owned
- Extending changes to the way self-employment status is taxed, from the public sector to medium and large private companies, from 2020
- Confirmation of an extra £20.5bn for the NHS over the next five years
- A minimum extra £2bn a year for mental health services
- New mental health crisis centre, providing support in every accident and emergency unit in the country
- An extra £700m for councils, for care for the elderly and those with disabilities
- £10m for air ambulances
- A one-off £400m "bonus" to help schools buy "the little extras they need"
- A £30bn package for England's roads, including repairs to motorways and potholes (announced on 27 October)
- A 30% growth in infrastructure spending
- Opening the use of e-passport gates at airports - currently available to people from Europe - to those from the USA, Canada, New Zealand, Australia and Japan
- A new tax on non-recycled plastic packaging
- No tax on takeaway coffee cups but this will be reconsidered if the industry doesn't make enough progress
- £60m for planting trees in England
- £10m to deal with abandoned waste sites
Personally I think the end to PFI contracts is a good thing
M
MDJ
It will benefit most sparks, 12,500 before paying tax and the 40% threshold at 50K, otherwise nothing to get excited about
S
Squid
I need mental health treatment as if I see another article in the press regarding Meghan then I am running amok in Screwfix with a modded Hilti nail gun............
S
Squid
What about NI contributions going up?
M
MDJ
I have plenty of Bog roll roll, no need to buy anymore at the moment.
O
Octopus
wine is going up :-( might have to switch to beer to keep the extra allowances on tax.
Great news about the sales tax on ebay, amazon, paypal, facebook, and the like
Great news about the sales tax on ebay, amazon, paypal, facebook, and the like
S
Squid
6p per bottle so that will cost you an extra 24p per day, any increase in taxation on online companies will be passed on to the public eventually so we'll all pay more.........
yep but its right, business rates is not working , online companies avoid CT like the plague, they can easily afford it without passing it on
Will hit a fair amount of construction workers who work as "false self-employed" IR35 is being brought in for private businesses medium and large then the are you employed or self-employed "tests" come into play -
Do you take instruction
Can you substitute yourself with another
Do you work for more than one company
Do you decide your hours
ect ect, Answer any of these in the wrong way then the tax man will determine whether you are employed or not. Not you, not the agency and not the main contractor.
Do you take instruction
Can you substitute yourself with another
Do you work for more than one company
Do you decide your hours
ect ect, Answer any of these in the wrong way then the tax man will determine whether you are employed or not. Not you, not the agency and not the main contractor.
S
Squid
£50 bet I last longer than two weeks, Welsh Fit Sparkz Bird will moderate, you on?I'll give you a week, two at best.
And the loser donates to a charity of the winners choice.
Don't be daft, you'd do it just to spite your English side. Besides, I'm a poor pensioner, and can't afford gambling.
You could have a bet with yourself, and if you behave, donate it to the Midwest 2019 Holiday Abroad Charity (Charity no. 1z0291c8). All contributions gracefully accepted. PM me for details.
You could have a bet with yourself, and if you behave, donate it to the Midwest 2019 Holiday Abroad Charity (Charity no. 1z0291c8). All contributions gracefully accepted. PM me for details.
S
Squid
I'll donate 10p to help charge the batteries on your mobility scooter........Don't be daft, you'd do it just to spite your English side. Besides, I'm a poor pensioner, and can't afford gambling.
You could have a bet with yourself, and if you behave, donate it to the Midwest 2019 Holiday Abroad Charity (Charity no. 1z0291c8). All contributions gracefully accepted. PM me for details.
S
Squid
Warka Strong for us Eastern Europeans, White Lightning is for Northerners...... Diamond White for the ones South West.Just put in me pot for the Special Brews. Don't mention White Lightning, thats for the our poorer cousins from abroad, eastern wise.
Disappointed with budget. We need to raise more taxes to cover the deficit.
It's amazing how many people forget we are in debt of 1.7 trillion quid.
We are not able to pay the interest on that yet. And need to borrow £50 billion to break even.
Things have improved yes. When conservatives came into power we had to borrow £150 billion a year to break even.
We are still up sh*t creek until we raise another £50billion so we are no longer borrowing every year to break even and then we need to start paying the debt off.
It's amazing how many people forget we are in debt of 1.7 trillion quid.
We are not able to pay the interest on that yet. And need to borrow £50 billion to break even.
Things have improved yes. When conservatives came into power we had to borrow £150 billion a year to break even.
We are still up sh*t creek until we raise another £50billion so we are no longer borrowing every year to break even and then we need to start paying the debt off.
raising taxes is not the solution. making things easier/better for business results in businesses increasing turnover, hence increasing profits, so more taxes are paid without raising them. raising taxes is a left-wing thing which just makes everyone poorer, so less spending, lower profits, less revenue for government.
S
Squid
VAT went from 15% to 20% and everyone took it without complaining......... Telectrix, its the "indirect" taxes that take the pee pee
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