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[Politics] The Labour Government



Uncle Spielberg

Well-known member
Jul 6, 2003
43,081
Lancing
An awful budget for my profession. Thought Darren Jones looked a harry potter fan and disagree with their policies but he came across well on QT last night
 




Bodian

Well-known member
May 3, 2012
14,050
Cumbria
"We must close those tax loopholes!"

"NO! Not THOSE loopholes!"
Just used the Guardian Budget Calculator.

1730469055528.png


I'll have to work out which tax that is that I'm going to be paying extra. Mind you, it doesn't ask about bus fares - just driving.
 


Rdodge30

Well-known member
Dec 30, 2022
559
"We must close those tax loopholes!"

"NO! Not THOSE loopholes!"
The inheritance tax on farmland is a bad bit of business all round - very poor and will be the end of some family farms for sure.

Tge last Government knew exactly which loopholes needed closing but couldn’t/wouldn’t do it.

Without doubt this Government know exactly which loophole needs closing but I very much doubt they will do it.

You yourself… on this very thread have said Exactly which loophole needs closing - your own caveat being that it won’t happen because it’s too hard!!!

It’s not the case that nobody should criticise Government policy unless they have a better idea, as you so very often imply on here.
 


Mellor 3 Ward 4

Well-known member
Jul 27, 2004
10,204
saaf of the water
I wonder if and when these reforms will start?


Long term sickness/absentism must stop - Mr wife works in the NHS and says so many 'play the system' - off sick for several months, then come back and works for a month then off they pop long term sick again.

Untouchable and makes it very frustrating for the rest of the staff.
 


WATFORD zero

Well-known member
NSC Patron
Jul 10, 2003
27,607
Bond yields rise, sterling falls, rate cuts revised down, employment costs up; GPs, hospices and charities all facing increased costs, farmers and the food supply facing uncertainty, bus and train faces up, highest tax burden since WW2.

Is there any good news?

Saturday you'll see if your preferred candidate gets elected, Kemi or Bob. Maybe some 'good news' for you then :thumbsup:

Patience is a virtue.
 
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A1X

Well-known member
NSC Patron
Sep 1, 2017
20,377
Deepest, darkest Sussex
 


Diablo

Well-known member
Sep 22, 2014
4,370
lewes
James Dyson and other wealthy individuals have been buying up a lot of land due to the reliefs that were available. Whilst I do feel that the family Farm needs protecting. Maybe this tax regime will make investors less keen to buy land as tax break removed.
Farmland prices have been pushed higher and higher by investors and the price bears no resemblance to the earning capacity of land.
No farmers are buying land.....Only the lucky ones who have sold land for houses !!! Maybe a fall in land prices will come ?? Maybe genuine farmers will be able to buy land to farm ??
 
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Jim in the West

Well-known member
NSC Patron
Sep 13, 2003
4,943
Way out West
Bond yields rise, sterling falls, rate cuts revised down, employment costs up; GPs, hospices and charities all facing increased costs, farmers and the food supply facing uncertainty, bus and train faces up, highest tax burden since WW2.

Is there any good news?
One day later....Bond yields falling, sterling up.

The good news is (selected highlights):

- Huge investment in healthcare and health workers;
- Significant increase in education budget;
- Millions of low paid workers get substantial pay-rise (via increase in Minimum wage);
- State pension increased by more than 4%;
- Support for full-time carers;
- Increase in affordable homes budget;
- Fuel Duty cut retained;
- Victims of infected blood scandal and Post Office Horizon scandal to be compensated;
- Stable tax environment for corporates (confirmation that CT will remain unchanged for at least 5 years);
- HS2 to start at Euston (rather than somewhere in West London that no-one ever visits).

Admittedly, if you don't value the NHS, education, the low paid, victims of the PO and infected blood scandals, a sensible high speed railway, affordable homes, etc, etc - then you won't see this list as "good news".
 




Guinness Boy

Tofu eating wokerati
Helpful Moderator
NSC Patron
Jul 23, 2003
37,204
Up and Coming Sunny Portslade
James Dyson and other wealthy individuals have been buying up a lot of land due to the reliefs that were available. Whilst I do feel that the family Farm needs protecting. Maybe this tax regime will make investors less keen to buy land as tax break removed.
Farmland prices have been pushed higher and higher by investors and the price bears no resemblance to the earning capacity of land.
No farmers are buying land.....Only the lucky ones who have sold land for houses !!! Maybe a fall in land prices will come ?? Maybe genuine farmers will be able to buy land to farm ??
 












Bodian

Well-known member
May 3, 2012
14,050
Cumbria
Easy to find an opposing opinion for most budget changes. But there isn`t many farms worth less than a million. In fact I doubt there are any.

Farmhouse building and 25 acres (not a viable acreage) would in this area be more than a million.
A million on top of the £325,000 + £175,000 house allowance - so £1.5m. And if there is a husband/wife involved, it's £3m.

And then it's 20%, not 40% like other IHT.

Farming is also a business, along with other businesses, so also benefit from things like investments allowances / tax relief, and stuff like averaging profits out over five years - so if there is a poor year their tax goes down in the good years.
 




ozzygull

Well-known member
Oct 6, 2003
4,134
Reading
I'm going to be £17 worse off and if I want to reach your delightful parity, my partner and I are going to have to give up wine 😥
I don't drink alcohol so that probably saves me a lot of money, though a probably spend it on Motorbikes. there was nothing in the budget about motorcycle addiction so I might be worse off and don't know it.
 


dsr-burnley

Well-known member
Aug 15, 2014
2,564
Do you seriously believe that pensioners getting £12k year are wealthy ??
No, that's why I put "good news" in inverted commas. The point was supposed to be that the withdrawal of winter fuel allowance from wealthy pensioners was the real flagship policy of the government, and I emphasised in brackets that the government thinks over £12k per year is wealthy enough to lose the benefit.
 




fly high

Well-known member
Aug 25, 2011
1,677
in a house
I wonder if and when these reforms will start?


Long term sickness/absentism must stop - Mr wife works in the NHS and says so many 'play the system' - off sick for several months, then come back and works for a month then off they pop long term sick again.

Untouchable and makes it very frustrating for the rest of the staff.
Think that is true of most of the public sector. Worked with ESCC on a project, their project manager had taken 6 months off because he'd developed type 2 diabetes!! Came back for 2 months then retired. Arrogant, lazy ****.
 




chip

Well-known member
Jul 7, 2003
1,278
Glorious Goodwood
GPs, care homes and hospices have voiced concerns about the impact of the rise in employer National Insurance contributions announced in the Budget.

The NHS and rest of the public sector are exempt from the tax rise - but that does not cover private care homes or hospices which provide NHS services.

There is also confusion over the impact on GPs, many of which are run as small businesses.

The Department for Health and Social Care said further details for GPs will be confirmed in due course - but a Treasury minister told Question Time they will have to pay the tax hike.

I do wonder why GPs are mostly outside the NHS, perhaps a throwback to the foundation of the NHS itself. I would have thought that directly employing GPs rather than contracting services could be used to improve the efficiency/productivity of the NHS as well as being able to deliver more services in the community. It would also be a strong steer that the NHS was not being privatised.
 


fly high

Well-known member
Aug 25, 2011
1,677
in a house
I do wonder why GPs are mostly outside the NHS, perhaps a throwback to the foundation of the NHS itself. I would have thought that directly employing GPs rather than contracting services could be used to improve the efficiency/productivity of the NHS as well as being able to deliver more services in the community. It would also be a strong steer that the NHS was not being privatised.
GPs have always been employed as contractors and yes it harks back to the days at the birth of the NHS. Apparently many GPs weren't keen on their businesses being taken over, many worked out of their own homes & guess it's never been looked at to change. GPs can charge for things like vaccinations for overseas travel, couldn't if they were directly employed by NHS.
 


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