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Depends who's name the property was in:

http://www.hmrc.gov.uk/budget2010/sdlt.htm

So doesn't apply to STR'ers or anyone who has ever owned property anytime, anyplace, anywhere.

Have a martini instead. ;)

Which is inconsistent with other Government schemes. eg for shared equity the definition of FTB is that you are not moving from a previously owned house, ie you're eligible if you STR'd.

Joined-up government in action.

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Jacqui Smith's holding forth on the Budget on R5. Does this woman actually think she has a political future?

For me she sums up most* of the Labour party. I don't think she means any evil, she's just too

stupid to be in that position.

* does not include Brown, Hoon, Balls and Cooper - they're proper evil and stupid**

** does not include Cooper. She's not stupid, but really, really evil.

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Another nail in the coffin of the pub trade. :angry:

I want to know what his problem with cider is, there will be an awful lot of real* cider makers very badly affected by this.

* ie proper cider made from apples

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Jacqui Smith's holding forth on the Budget on R5. Does this woman actually think she has a political future?

Perhaps she thinks people have forgotten thievery for bath plugs and porn on the taxpayer.

Loathsome creature.

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I want to know what his problem with cider is, there will be an awful lot of real* cider makers very badly affected by this.

* ie proper cider made from apples

The problem with cider is that it is seen as part of the 'binge drinking' culture, easily accessible to youth, and quite cheap. It fits the meme. Though it probably misses the point and will affect (demonise) the real cider industry - a shame really as the cider industry has gone to a lot of trouble to innovate and reposition itself as 'cool'.

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Capital Gains Tax left at 18% so high earners can evade tax. Not a murmur from the Tories at that.

You don't pay capital gains on earnings. Only on what's unearned.

Stop confusing high earners with rich people. They're not at all the same, unless by coincidence.

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In my opinion Cameron just destroyed Brown and Darling and looked, possibly for the first time, like he wants to win the election. At one point Brown looked like he had [email protected] himself. He was confident and on target and actually showed the right amount of disdain for the ladies and gentlemen in front of him. About time he stopped being so soft and fluffy and actually exposed Labour for the abject failure they are.

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The failure to increase personal allowances by the government's 2% inflation target or by the current 'actual' 3% will leave me worse off in real terms. That's the bottom line Darling, a lot of waffle but I'll be worse off.

How can I spend the extra money I don't have to drive growth?

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5p on income tax across the board, or the equivalent there of, for at least 2 years.

Would raise £20 - £25 bn. Probably VAT up to 22.5% (raising the same again) giving us a total tax rise of perhaps £45 bn. These are likely to be in place for the whole of the next parliament and beyond.

The government would then need to find probably ITRO another £50bn in spending cuts to get the annual deficit down to below 3% of GDP, which might just be do-able.

Bear in mind what this means:

Your ordinary working family will pay tax at an effective rate of 44.6% (37% if you exclude employers NIC - a well hidden income tax). Anyone earning above about £40,000 will pay at 53.8% and anyone on £150,000 and above will suffer tax at 56.9%.

Thanks Gordon, thanks a lot. :angry:

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In my opinion Cameron just destroyed Brown and Darling and looked, possibly for the first time, like he wants to win the election. At one point Brown looked like he had [email protected] himself. He was confident and on target and actually showed the right amount of disdain for the ladies and gentlemen in front of him. About time he stopped being so soft and fluffy and actually exposed Labour for the abject failure they are.

yes he did. they will win it !! and great change will come........not.

only the dumbest of the dumb would believe theres any difference.

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You don't pay capital gains on earnings. Only on what's unearned.

Stop confusing high earners with rich people. They're not at all the same, unless by coincidence.

I know you aren't supposed to pay CGT on earnings but I was under the impression that the gap between CGT and income tax gave people loopholes to evade tax.

Liberal Democrat Shadow Chancellor Vince Cable has hit out at the Government for continuing to allow tax avoidance through capital gains tax loopholes.

Speaking in Parliament on Wednesday in response to the pre-Budget report, Cable slammed Darling's speech, citing it as "a good Budget for bingo and boilers". He criticised Darling for not changing CGT rules, which he said allowed a tax avoidance loophole which goes against the Chancellor's pledge for tax fairness.

.He said: "Darling has given a gift-wrapped invitation to tax avoidance by keeping capital gains tax at 18 per cent. He had an opportunity to deal with that today and he has done absolutely nothing about it. Unless there is fairness, the public will not accept that for the next five years or longer there is going to be a real hard slog for this economy."

http://www.moneymark...1003790.article

.

The Treasury has confirmed the Budget will fall on 24 March and tax experts are predicting income tax and capital gains tax (CGT) will be high on the list of targets, despite recent tinkering.

Richard Mannion, national tax director at Smith & Williamson, believes changes to CGT are inevitable to prevent higher earners who fall into the 50% tax bracket coming into force in April 2011 from converting income into gains, which are charged at 18%.

'Capital gains tax is almost inevitably set to rise possibly from as early as 6 April since the current rate of 18% is much less than the higher rates of income tax, which encourages people to seek ways of converting income into capital,' he said.

http://www.citywire.....aspx?ID=387910

Edited by Redhat Sly
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In my opinion Cameron just destroyed Brown and Darling and looked, possibly for the first time, like he wants to win the election. At one point Brown looked like he had [email protected] himself. He was confident and on target and actually showed the right amount of disdain for the ladies and gentlemen in front of him. About time he stopped being so soft and fluffy and actually exposed Labour for the abject failure they are.

More like.

Cam, please LESS GREEN, more mean!

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yes he did. they will win it !! and great change will come........not.

only the dumbest of the dumb would believe theres any difference.

Back in 1997 we weren't running a budget deficit of 13% of GDP, the state didn't account for over half of the economy and we were not in the middle of the biggest recession we're ever likely to see.

We were not witnessing the unwinding of an epic credit bubble, personal indebtedness had not rocketed at an incredible rate for the last 10 years and we hadn't had 13 years of "nu fascist" government who seem to have taken 1984 as a blueprint for their law and order policies

Bit of difference don't you think. :unsure:

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