Greater Fool

Which tax is Sunak going to increase to slash borrowing? The last tax rise didn't exactly go down well with the voters.

The tax laws in the UK are very strange, how can you gift someone a large amount of money and no one pays any tax, when every penny of earned income is taxed heavily and you are generally left with only 60% or less. It's almost like the country is set up for wealthy people to give their children a massive leg up in life scott free, and rob the masses by taxing their income. I know a few people who were gifted money for houses in the early 00s when they were cheap and obviously have done very well out of HPI.

What are you lot complaining about? Anyone can become a BTL with multiple properties, beats a lifetime of working. Https://www.thesun.co.uk/money/16130611/landlord-young-no-excuse/

Now you're saying council employes are underpaid because their employers pension contribution is higher. Is there any evidence for that?

The majority of the funding into the LGPS is from the employer's contribution not the employees i.e. the taxpayer's contribution, it's about 6% employees, 20% employers. Easy to look up the contribution rates. The employers (councils) have legal recourse to help themselves to taxpayers money to fund a pension that the private sector could not afford. There could never be a similar defined benefit scheme for the private sector as employers would at least claim they could not afford a 20% pension contribution. So councils are are diverting funds for services into an unaffordable pension system.

Parachuting in ex NHS management consultants to tell doctors and nurses how to do their jobs because they may (or may not) know better themselves isn't going to reform the NHS.

Oh yea I remember Carney saying that, isn't this a case that the BOE can come up with excuses forever to justify never increasing rates?

Telling other people how to do their jobs better which they then promptly ignore because they know more about what they are supposed to be doing than a parachuted in "expert", they just don't do it.

Have you tried that IQOS HEETS thing?

Right on cue: From the Telegraph Tax pain set to threaten recovery and delay interest rate rises PM's tax move is 'significant enough to slow the economic recovery next year', experts warn The Bank of England could be forced to hold back any increases to interest rates next year as national insurance and dividend tax hikes hit households, economists have warned.

Minority groups and people who work in unionised public sector jobs.

It's not difficult to physically stop illegal channel crossings if we wanted to, we are an Island and we have a navy.

Enforcing the border is nothing to do with Brexit, the buck stops with the UK government to protect the borders. If they aren't effectively doing that they are failing in their responsibilities.

The UK gives asylum seekers far better treatment than Turkey. Millions being kept in hotels would be out of the question.

How many is too many before the UK government decides that the crossings are a "problem" and have to be stopped by force? Once it gets to the 1000-2000 a day range that's a medium size city arriving illegally every year forever. That is assuming a "crossing season" of 6 months and no physical enforcement of the border, a legal enforcement is possible of course but how many cases can the courts actually process especially when orders are appealed? What country in the world could handle that number of official "asylum seekers" who have legal rights to be "looked after" by the state?

The big question is how banks would implement a negative interest rate without causing total chaos. I read an article a while ago where law society was concerned about the banks charging solicitors who hold clients money if there was a -ve rate.

Rishi should have started a thread on HPC to find out what would have happened following the SDLC cut, then ignored the replys of course.

Sunak had no idea what it was going to do, it was a knee jerk reaction.

Rishi should have stuck to serving up burger and chips.

In the case of the UK and other spendthrift nations the spending deficit will rise by more than inflation, the national debt will grow at least or exceeding inflation, trying to inflate the "old legacy" debt away won't work as it will be added to by ever increasing new debts.

Higher rate tax payers are getting increasingly fed up with not being able to see anything for their efforts, what's the point in busting your balls if prices are increasing so much a high rate salary will still only be able to buy food and trinkets. The growth in higher rate taxpayers is in public sector anyway.

How do taxpayer funded jobs "pay" for the retirees? It's just moving tax revenue around, all the money to pay for salaries, employer contributions, employee contributions comes from the taxpayer, there is no other source for it to come from.

You can't beat a good exponential function graph, it always brings a smile to my face for some reason. Hope we've got the cash to "pay it back".

Most will be claiming "asylum" obviously some will do a runner and try and live underground. You can bet if they only know a word of English it will be asylum.

The BOE told the banks they need to update their systems for a negative rate. Quite how far along they have got with it is a different matter. What does a negative rate mean though, where the bank helps itself to money held in deposit?