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Money and Budget 2023 Nov Predictions
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Keith Cobby
Posted: 22 November 2023 14:47:47(UTC)
#76

Joined: 07/03/2012(UTC)
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It doesn't matter really what he has done, the Tories are toast, they know it we know it, it's 1997 again. I think our problems are too deep seated for our short term party system, they are hemmed in by too much debt and lack of investment. Perhaps with such a developed welfare state as we have and with so many people able to live without working, there is just managed decline to come. The population rises inexorably but still the economy doesn't grow.
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3 users thanked Keith Cobby for this post.
Jay P on 22/11/2023(UTC), Newbie on 22/11/2023(UTC), Guest on 22/11/2023(UTC)
Thrugelmir
Posted: 22 November 2023 14:59:07(UTC)
#78

Joined: 01/06/2012(UTC)
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Keith Cobby;287100 wrote:
It doesn't matter really what he has done, the Tories are toast, they know it we know it, it's 1997 again. I think our problems are too deep seated for our short term party system, they are hemmed in by too much debt and lack of investment. Perhaps with such a developed welfare state as we have and with so many people able to live without working, there is just managed decline to come. The population rises inexorably but still the economy doesn't grow.


The economy has grown. GDP is a meaningless figure to the average householder. A desire to better oneself is how a positive mindset grows. Rather than expecting to constantly require a nanny to look after them.
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Newbie on 22/11/2023(UTC)
Rookie Investor
Posted: 22 November 2023 15:02:21(UTC)
#71

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Robert D;287097 wrote:
Reducing national insurance by 2pts but not adjusting thresholds in a high inflation environment is a real terms personal tax increase.

It's so disappointing to see that the ordinary people do not even realise they are getting materially poorer every year, both on an absolute basis and relative to their peers in other countries. All this while the 'old money' continues to be protected.

It's shameful how steeped in elitism the country still is but is only to be expected under a Conservative government



Someone has to pay for it.

Regressive policies, including tax, seems to be the modus operandi in the current economic system. Won't change until something breaks.
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ANDREW FOSTER on 22/11/2023(UTC)
Newbie
Posted: 22 November 2023 15:15:46(UTC)
#77

Joined: 31/01/2012(UTC)
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Keith Cobby;287100 wrote:
It doesn't matter really what he has done, the Tories are toast, they know it we know it, it's 1997 again. I think our problems are too deep seated for our short term party system, they are hemmed in by too much debt and lack of investment. Perhaps with such a developed welfare state as we have and with so many people able to live without working, there is just managed decline to come. The population rises inexorably but still the economy doesn't grow.

As much as I am for welfare I am also worried that the UK has, thanks to its welfare system, become a beacon for those unwilling to even consider let alone actually do any work.

The drive has been to get onto our shores and somehow get into the system, for which they have been familiarised before embarking on their journey to the promised land and which which many UK natives have very little clue about (unless they are long term or generational claimants) as they are too busy on the hamster wheel of working (sometimes many jobs) to pay the bills and put food on the table, to look into the benefits they can claim.

Yet an immigrant coming over within a matter of years can get into the system, claim every other benefit (perhaps due to then being in the offices of the benefit offices and being surrounded by like minded individuals sharing their wisdom whilst the native is on the hamster wheel) and then navigating the UK and world looking for opportunities - be to earn a few bob, cash in hand of course (with less state tax collected), looking for the best school for their children, operating cash businesses, and enough time and energy for lots of breeding (after all the state will cover all costs, be it rent, be it child care, be it travel, clothing etc).

So IMO it is the welfare system that needs to be looked into as a starting point. This could then follow on to managing the immigration situation by itself. Just look at the US, at least immigrants go there in search of working opportunities.
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Captain Slugwash on 22/11/2023(UTC), Guest on 22/11/2023(UTC), Jay P on 22/11/2023(UTC)
Thrugelmir
Posted: 22 November 2023 15:15:53(UTC)
#72

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Rookie Investor;287104 wrote:
Robert D;287097 wrote:
Reducing national insurance by 2pts but not adjusting thresholds in a high inflation environment is a real terms personal tax increase.

It's so disappointing to see that the ordinary people do not even realise they are getting materially poorer every year, both on an absolute basis and relative to their peers in other countries. All this while the 'old money' continues to be protected.

It's shameful how steeped in elitism the country still is but is only to be expected under a Conservative government



Someone has to pay for it.



There's only us the tax payer. The era of free money for doing nothing of a productive nature is over.
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Tim D
Posted: 22 November 2023 15:30:08(UTC)
#75

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NoMoreKickingCans;287099 wrote:
Everything goes back to the idiotic spaffing away of £400billion on Covid to damn all impact.

Why on earth Johnson and co ever thought that was remotely sensible is beyond me.


It was always inevitable that The Great Narcissist was going to put his own interests - staying popular at any cost! - in front of any other broader, longer-term considerations.

So trace it back another step: everything goes back to the idiotic muppets who thought it'd be a sensible idea to put him in a powerful leadership position.
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3 users thanked Tim D for this post.
SF100 on 22/11/2023(UTC), NoMoreKickingCans on 22/11/2023(UTC), ANDREW FOSTER on 22/11/2023(UTC)
Keith Cobby
Posted: 22 November 2023 16:08:35(UTC)
#79

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With the large uprating of the state pension, it is closing in on the personal tax allowance. I can see a time in the not too distant future when the personal allowance is synchronised with the state pension (maybe before 2028). It would be otherwise ridiculous to tax the state pension if this was your sole income.
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Jay P on 22/11/2023(UTC)
jonathan rowe
Posted: 22 November 2023 17:39:40(UTC)
#65

Joined: 30/03/2018(UTC)
Posts: 176
Neminem Laedit;287084 wrote:
Looks like my rental income is up 17.5%

Thanks Jezza !


eh? - I see no mention of rolling back section 24 (restriction of finance cost relief)
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Neminem Laedit
Posted: 22 November 2023 17:55:00(UTC)
#66

Joined: 17/09/2018(UTC)
Posts: 1,473
jonathan rowe;287133 wrote:
Neminem Laedit;287084 wrote:
Looks like my rental income is up 17.5%

Thanks Jezza !


eh? - I see no mention of rolling back section 24 (restriction of finance cost relief)


LHA rates are unfrozen and reset to the 30th percentile.

They leap in my area...
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You have to change your life
Posted: 22 November 2023 17:58:31(UTC)
#80

Joined: 17/11/2021(UTC)
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Great.

Reward those who make money sitting on their hands.

And they wonder why this country is f***ed.
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1 user thanked You have to change your life for this post.
ANDREW FOSTER on 22/11/2023(UTC)
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