Jump to content
House Price Crash Forum
crazypabs

Budget 2018 announced

Recommended Posts

So i see the budget is going to be early this year. 29 October. There's talk of reducing debt, but for whom? 

The country's balance sheet?

The banks?

The mortgaged btlers?

Those with cheap PCP/credit cards?

All very interesting...

Edited by crazypabs
Typo

Share this post


Link to post
Share on other sites

They will have a go at stealing labours policies, which is fine by me. 

Leveraged landlords will probably get a drastic beating but that will be burried in the background and will even take the HPC massive a few days to dig it out (but take landlords a few weeks) 

petrol tax freeze? boomers made to pay their way? HTB on steroids? 

Share this post


Link to post
Share on other sites

The ratio of private sector debt/GDP is what matters. Bringing that back down from 170% (where it's been since 2008) to 70% (its long-term average) is paramount if the UK is to avoid a future like Venezuela.

Share this post


Link to post
Share on other sites

Chancellor urged to use Autumn budget to 'encourage' [sic] investment in the PRS.

https://www.landlordtoday.co.uk/breaking-news/2018/9/chancellor-urged-to-use-autumn-budget-to-encourage-investment-in-the-prs

' landlords selling close to around around 3,800 buy-to-let properties a month, according to official data from the Ministry of Housing.'

Edited by Captain Kirk

Share this post


Link to post
Share on other sites
2 hours ago, jiltedjen said:

They will have a go at stealing labours policies, which is fine by me. 

Leveraged landlords will probably get a drastic beating but that will be burried in the background and will even take the HPC massive a few days to dig it out (but take landlords a few weeks) 

petrol tax freeze? boomers made to pay their way? HTB on steroids? 

Im guessing all non OO property is going to be hammered.

The political sums were always obvious - Fatty Fergus 1 vote, 1000 houses. Hard pressed tenants - 1000 votes, no house.

 

 

Share this post


Link to post
Share on other sites
5 minutes ago, Captain Kirk said:

Chancellor urged to use Autumn budget to 'encourage' [sic] investment in the PRS.

https://www.landlordtoday.co.uk/breaking-news/2018/9/chancellor-urged-to-use-autumn-budget-to-encourage-investment-in-the-prs

' landlords selling close to around around 3,800 buy-to-let properties a month, according to official data from the Ministry of Housing.'

Indeed. Im fully behinf that 1000%

Let the tenants invest for 50% of the sum paid for by the LL.

 

Share this post


Link to post
Share on other sites
2 hours ago, jiltedjen said:

They will have a go at stealing labours policies, which is fine by me. 

Leveraged landlords will probably get a drastic beating but that will be burried in the background and will even take the HPC massive a few days to dig it out (but take landlords a few weeks) 

petrol tax freeze? boomers made to pay their way? HTB on steroids? 

Talk of the fuel tax freeze being lifted. Should help pump up the inflation figures a bit more. Then see if Carney has the balls to raise the interest rates again. 

Share this post


Link to post
Share on other sites
54 minutes ago, rantnrave said:

They did that already I believe, then reverted back to it being just for newbuilds.

That's right...HTB on existing stock was even more evil than the current scheme.

Share this post


Link to post
Share on other sites

National Insurance for old people?  Probably no chance, but clinging to hope of some kind of intergenerational justice.

In fact while they were at it they could unite NI with income tax and actually be honest about the level it's got up to instead of treble-taxing income under different names.  0% chance of that though.

Share this post


Link to post
Share on other sites
27 minutes ago, Tes Tickle said:

National Insurance for old people?  Probably no chance, but clinging to hope of some kind of intergenerational justice.

In fact while they were at it they could unite NI with income tax and actually be honest about the level it's got up to instead of treble-taxing income under different names.  0% chance of that though.

beware the grey vote!

Share this post


Link to post
Share on other sites

...especially when Corbyn's promising free everything for everyone for ever.

Politics is a joke in this country, mainly because people only think of themselves and these sort of issues never get discussed in the media.

Share this post


Link to post
Share on other sites
5 hours ago, Tes Tickle said:

National Insurance for old people?  Probably no chance, but clinging to hope of some kind of intergenerational justice.

In fact while they were at it they could unite NI with income tax and actually be honest about the level it's got up to instead of treble-taxing income under different names.  0% chance of that though.

Keep putting basic rate income tax up a penny and NI down a penny for however long it takes to get NI down to zero.

Share this post


Link to post
Share on other sites
8 hours ago, Captain Kirk said:

Chancellor urged to use Autumn budget to 'encourage' [sic] investment in the PRS.

https://www.landlordtoday.co.uk/breaking-news/2018/9/chancellor-urged-to-use-autumn-budget-to-encourage-investment-in-the-prs

' landlords selling close to around around 3,800 buy-to-let properties a month, according to official data from the Ministry of Housing.'

Some classic comments in that post by the delusional slumlord toads...

"..but we are needed to supply homes"   lolz...they still think they're housebuilders...what the fudge!?

"...and they don't care about families losing their homes and rents rising" etc etc

I really do enjoy listening to them squirm, it gives me a warm glow.

Share this post


Link to post
Share on other sites

Not a chance - they like the smoke and mirrors, income tax is made up of three components, so most people don't see the ridiculous amount they add up to...

Income Tax

National Insurance Employee

National Insurance Employer

Just making NI apply to pensioners would be a very good start.  The poor won't pay as they'll be below the threshold.  But it would guarantee a labour government next time as Corbyn's already promised everyone free everything, so it will never happen.

Share this post


Link to post
Share on other sites

Please please please let it have something about Maltese (for example) exiles not being able to dodge CGT just by moving abroad 🙂

Seriously, I think foreign owner of UK property are a sitting duck for taxation; they don't even vote in UK elections! And the government would be seen to be "doing something". Win Win!

Share this post


Link to post
Share on other sites
30 minutes ago, oatbake said:

Please please please let it have something about Maltese (for example) exiles not being able to dodge CGT just by moving abroad 🙂

Seriously, I think foreign owner of UK property are a sitting duck for taxation; they don't even vote in UK elections! And the government would be seen to be "doing something". Win Win!

Great idea. I'm reminded of all the furious note-taking that the civil servants were doing, when they met him.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.