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TheCountOfNowhere

Today's Autumn Statement...

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Don't know why they still bother with the budget in March, because this is 90% of the budget. This one sets out most of the tax rates and benefit changes for 2014/15. (indeed it used to be one budget in Novemeber) The March one is too close to the start of the financial year for anything meaningful.

We already know that £50 worth of green taxes are to be axed from fuel bills in today's official statement.

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£250k acts as a block on house prices due to the 3% SDLT so it will go today.

Perhaps 20% added to each band. 125 to 150, 250 to 300 and 500 to 600

I'm guessing that we could have banding so that you pay 1% up to 250K and then 3% thereafter. 2-3% HPI created at a stroke as 250k sales go through at 260 or 270k.

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I'm guessing that we could have banding so that you pay 1% up to 250K and then 3% thereafter. 2-3% HPI created at a stroke as 250k sales go through at 260 or 270k.

.....And loose all the government backed taxation.

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Unemployment benefits for under-25s to be merged with student loans so that any assistance the state provides will be repaid if/when they eventually get a job during the jobless recovery. The interest rate will be RPI+3% and the debt will be non-dischargeable in bankruptcy.

On an unrelated note, the state pension to rise by 3.2%.

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.....And loose all the government backed taxation.

Could claw some of it back...make 500k....5% 1m.....10%. All tax would be top sliced so that you are only paying the tax when you enter the band as opposed to the tax on the whole transaction.

Would increase the value of 'middle England' homes and put the brake on expensive houses especially London. If they can engineer house prices to win the election they will. after 1.3 million you get a good spanking.

1.3 million would be the break even...........1.3 million x 5%= £65,000

New......

250k x1% = £2,500

250k x 3%= £7,500

500k x5%= £25,000

300kx 10%= £30,000.................................£65,000

Edited by crashmonitor

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We already know that £50 worth of green taxes are to be axed from fuel bills in today's official statement.

Well, they said ECO spend will be the same but spread over 4 years not 2. A cynic might note that's cutting the spend before the election and raising it afterwards. Additional savings here are predicted based on optimism about efficiency improvements.

The Warm Home Discount is being moved to being paid for from borrowing as a new part of the deficit.

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Unemployment benefits for under-25s to be merged with student loans so that any assistance the state provides will be repaid if/when they eventually get a job during the jobless recovery. The interest rate will be RPI+3% and the debt will be non-dischargeable in bankruptcy.

On an unrelated note, the state pension to rise by 3.2%.

Announcement of the first national hunger games for the under 25's?

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Unemployment benefits for under-25s to be merged with student loans so that any assistance the state provides will be repaid if/when they eventually get a job during the jobless recovery. The interest rate will be RPI+3% and the debt will be non-dischargeable in bankruptcy.

On an unrelated note, the state pension to rise by 3.2%.

:lol:, but I would not be surprised if it actually happened in the next couple of years.

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Tax breaks for married couples = encourage more dual incomes for HPI

Childcare subsidies = encourage more dual incomes for HPI

Both the above subsidies really go to banks as the people use the money to then pay more for houses and so more mortgage interest.

Increase retirement age = longer term mortgages for HPI

Again more mortgage interest for banks

All 3 mean more income tax for the governbankment as more dual income families and people working more years paying tax.

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Andrew Neil is presenting the Autumn Statement program on BBC 2 now. Perhaps we'll get some pithy comments from him.

Peston........ "Housing market led recovery".

Oh God :lol: Who is buying this nonsense? The job losses just keep on coming. It may not be correct or even sensible, but I hope all these recently unemployed go out and vote UKIP.

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Andrew Neil is presenting the Autumn Statement program on BBC 2 now. Perhaps we'll get some pithy comments from him.

Peston........ "Housing market led recovery".

Yet again the BBC go to a shopping centre to judge the state of the economy.

Well done BBC, Brits buying stuff made in China with debt = good economy.

Total idiots.

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