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Osborne's Final Budget Masterpiece... Be Afraid


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HOLA441

BTLs and 2nd homes to be taxed heavily.....

Will eventually happen.

The BTLers have been stiched up. They have taken on social housing which the government can now conttrol the price of rents through HB.

It's a mugs game.

Better off leaving this s**t hole corrupt country now.

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HOLA442

I heard over the weekend that the next bright idea is to make the main residence inheritance tax free. That is beyond stupid, look at what that has done to agricultural land, useless land with no yield going for up to 20k an acre.

Ok it won't have much effect on the price of average houses, but aspirational housing at 500k + is just going to go through the roof. Another great idea to enrich the rich and create a wealth divide.

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HOLA443

I heard over the weekend that the next bright idea is to make the main residence inheritance tax free. That is beyond stupid, look at what that has done to agricultural land, useless land with no yield going for up to 20k an acre.

Ok it won't have much effect on the price of average houses, but aspirational housing at 500k + is just going to go through the roof. Another great idea to enrich the rich and create a wealth divide.

Reality check...."aspirational housing at 500k " has already gone through the roof, it's 50-60% over-priced.

Whats the point in trying toi save 40% tax and loosing 60%

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HOLA444

A neighbour bequeathed theirs to the British Red Cross another to a home for hedgehogs..... Others gave it away in dribs and drabs to family before death, others see they spend it all before death.......only those with more than they physically need or can use have a problem.

Edited by winkie
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HOLA448

Looks like he and the idiot Chote are going to congratulate themselves for the (temporary) fall in oil prices. :rolleyes:

Chancellor George Osborne is set to reveal an improved forecast for the state of the economy during his Budget on Wednesday.

The independent financial watchdog, the Office for Budget Responsibility, is likely to upgrade its previous prediction for GDP from 2.4% to 3% this year, according to a leading economic forecaster.

The EY ITEM Club also says the OBR is expected to revise down down its forecast for borrowing in 2015/16 by £6bn.

The backdrop for the improved economic picture is the plunging oil price, which as well as boosting the outlook for growth will, by reducing inflation, help to reduce some of the Government's spending commitments, says the forecaster.

The Chancellor is also in line for a boost from stronger tax revenues, particularly through VAT receipts as a result of increased consumer spending.

However, EY says the political constraints of coalition means the Chancellor will be unable to use the unexpected windfall for pre-election giveaways at the Budget.

Martin Beck, senior economic advisor to the EY ITEM Club, said: "The OBR's forecast will provide plenty of cheer for the Chancellor, who will be able to trumpet downgrades to borrowing projections and upgrades to the forecast for economic growth.

"A big part of this story is the collapse in the oil price, which has boosted the outlook for growth and, by reducing inflation, helped to reduce some of the Government's spending commitments.

https://uk.finance.yahoo.com/news/osborne-unveil-improved-economic-forecast-123001783.html

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HOLA449

Chancellor George Osborne is set to reveal an improved forecast for the state of the economy during his Budget on Wednesday

That's almost a certainty before any general election. They're not going to admit that the economy is wrecked then - if ever. It's the least likely time after 5 years of running the country (into the ground).

If the oil price had been going up it would have been twisted into the oil related companies will be spending more there'll be more tax to spend etc or found something else to mention.

The article just gives the Conservative/Libdem incumbents some publicity.

Edited by billybong
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  • 2 weeks later...
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HOLA4411

I have just watched 'Tonight: The Pension Revolution'. A truly dreadful watch.Rubbish. It seemed to be a parade of companies ready to take one's cash (in case you need help they have provided web links). A few advisors with £ signs in their eyes. Oh and HMRC ready to vacuum up massive tax amounts as people dash for cash.

Never heard of Katie Morley.

Ok so they didn't mention property. They did have someone investing in a delorean and some carp about classic cars.

http://www.itv.com/news/2015-03-26/tonight-the-pension-revolution/

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