Gorgeous George's Autumn Statement

[Bozza]

I can't see a thread on this yet, although I'm not surprised our left-wing fringe are keeping their heads down.

It was an absolute triumph from the chancellor who put the 'Great' back into 'Great Britain' after the last lot highlighted, bolded and underlined the 'bust' in 'boom & bust'.

It's very difficult to pick out an individual highlight when there were so many, but the complete overhaul of the ridiculous stamp duty bands is long overdue. What is your favourite?

 

[bha100]

Calling a tax on buying a property ' stamp duty ' is even more ridiculous than calling a tax on earnings ' national insurance '

 

[Badger]

Yes, I'm loving the stamp duty change, it's been needed for a long time. I'm looking to buy in the not too distant future and there's less of an issue going over £250k now.

No tax on the first £125,000 paid
2% on the portion up to £250,000
5% up to £925,000
10% up to £1.5 million
12% on everything above that.

Wasn't it supposed to be a tax on the rich when it was first introduced? Most people will still have to pay it but the majority will pay a lot less at least.

 

[Uncle Buck]

Yes, I'm loving the stamp duty change, it's been needed for a long time. I'm looking to buy in the not too distant future and there's less of an issue going over £250k now.

No tax on the first £125,000 paid
2% on the portion up to £250,000
5% up to £925,000
10% up to £1.5 million
12% on everything above that.

Wasn't it supposed to be a tax on the rich when it was first introduced? Most people will still have to pay it but the majority will pay a lot less at least.

When does the new Stamp Duty kick in?

 

[Vegas Seagull]

When does the new Stamp Duty kick in?

Midnight

 

[Kuipers Supporters Club]

Selfish wise - although it's too late for me Postgraduate student loans.

Otherwise the 'google tax' on 25%.

A very good speech.

 

[Tony Meolas Loan Spell]

The government's remaining World War One debt would be paid off

Excellent news if true...

 

[glasfryn]

we will see how much of a triumph it is at the next election
very clever to make those who are already poor make up the deficit
wonder which bank he will work for after he gets turfed out of a cushy job after the next election

 

[Skylar]

Watched Ed Balls reply and the guy is utter clueless.

 

[narly101]

What an incredible autumn statement. Anyone thinking of returning to the doldrums of Labour held Britain should think again. Blue is the colour......

 

[Ernest]

Just a lot of reheated policies and rehashed announcements, I wonder how long it will take for this to fall apart ? I see he made no mention of the rising debt, wonder why ?

 

[Vegas Seagull]

Yes, I'm loving the stamp duty change, it's been needed for a long time. I'm looking to buy in the not too distant future and there's less of an issue going over £250k now.

No tax on the first £125,000 paid
2% on the portion up to £250,000
5% up to £925,000
10% up to £1.5 million
12% on everything above that.

Wasn't it supposed to be a tax on the rich when it was first introduced? Most people will still have to pay it but the majority will pay a lot less at least.

Up to £937k will pay less, 98% of sales.
A 275k deal pays £3k not £8k as now but at £2.1m it's £20k more than now....£750m less return to gov

 

[Ernest]

£13billion out on a forecast made 6 months ago sums this shower up for what they are

 

[beorhthelm]

Otherwise the 'google tax' on 25%.

daft populist nonsense that wont work. i reckon it'll end up costing more in admin and lawyers than it raises.

 

[mikeyjh]

we will see how much of a triumph it is at the next election
very clever to make those who are already poor make up the deficit
wonder which bank he will work for after he gets turfed out of a cushy job after the next election

Nothing to help the poor, as ever. Same old nasties.

 

[Lord Bracknell]

"There's still no money, but we are going to spend more on popular measures that will hopefully win us an election".

 

[Bozza]

"There's still no money, but we are going to spend more on popular measures that will hopefully win us an election".

Is that really the case?

Samuel Tombs, senior UK economist, Capital Economics
"The early indications from the UK Autumn Statement are that the Chancellor has resisted the temptation to hand households any significant tax cuts before next May's general election. The tax and spending measures - the most significant of which is the reform of the stamp duty - ... amount to only a small net giveaway of just £1bn in 2015/16 and a small tightening beyond. "

 

[Cadiz Seagull]

If they mean they are going to honour the War Bonds or whatever they are called, I doubt very many people will be able to find them after all this time. They're probably worth more on Ebay for their rarity value than they are for their face value!

 

[pb21]

Am I missing something? All this money being allocated for spending and tax cuts at the same time?

 

[skipper734]

I would have thought the Lefties would be quite chuffed that unemployment down to 5.4% next year.