paulfromcamden
Baffled
Indeed. S&P is up 25% over past 12 months. Nasdaq is up 37%.
FTSE 250 is down 2% FTSE 100 down 3%.
I expect the piss poor performance of UK equities is down to, er, global factors beyond the government's control or something.
The Tory Party's last Budget for a while..?
- Thread starter martin clark
- Start date
FTSE 250 is down 2% FTSE 100 down 3%.
I expect the piss poor performance of UK equities is down to, er, global factors beyond the government's control or something.
paulfromcamden
Baffled
Meanwhile from those pesky Extremist Deep State Blob Wokist Tofu Eaters at the ONS...
TheDecameron
Unicorns fart glitter.
As opposed to fall off its perch since he’s not done a Kwertang?
Tony L
Administrator
“Jeremy Hunt just announced a huge tax cut for landlords.
Reminder: Hunt owns seven flats. Watch our investigation.” Led By Donkeys.
PS It is also worth mentioning that this is the same multimillionaire spiv Jeremy Hunt that has been monstering Angela Rayner for selling a council house.
ks.234
Half way to Infinity
paulfromcamden
Baffled
Sue Pertwee-Tyr
Accuphase all the way down
The smugness with which he delivered the news about shooting Labour's fox on Non-Doms was nauseating. I could scarcely believe he uttered that line about taking the money Labour had allocated to public spending, and turned it into tax cuts. Like he was proud of it. Does he not travel around? Does he not see the parlous state of our public services, our high streets, our councils? Does he deny the need for public spending so vehemently he is proud of taking resources from them and giving them away as tax cuts?
It wasn't a budget, it was a Party Political Broadcast and I couldn't bring myself to listen another minute, after he did that.
It wasn't a budget, it was a Party Political Broadcast and I couldn't bring myself to listen another minute, after he did that.
paulfromcamden
Baffled
To be fair he's also announced the brilliant, never before attempted, initiative of telling government departments to make 5% efficiency savings so they can do more with less money. I honestly don't know why no one has thought of this before as it can't fail. It may on the face of it look like utter desperation from a government that has run out of money, ideas and frankly the will to live, but I personally don't think he's gone far enough. Just think how much more efficient departments would be, what wonders they could achieve, if their budgets were cut by 100%!
gavreid
Pretty Words...
The Resolution Foundation said that, after taking account of rising prices, the average wage will not regain its 2008 level until 2026.
The body also said that Wednesday's Budget will mean a net tax cut of £9bn is taking effect in an election year.
However, it also said pensioners had been the big losers from tax changes during this parliament.
The body also said that Wednesday's Budget will mean a net tax cut of £9bn is taking effect in an election year.
However, it also said pensioners had been the big losers from tax changes during this parliament.
Warning of almost 20 years of pay stagnation
The Resolution Foundation says pay after inflation will take until 2026 to get back to its 2008 level.
www.bbc.co.uk
paulfromcamden
Baffled
Still. Just think how much worse things would be if Jeremy Corbyn had been elected eh?
gavreid
Pretty Words...
This is staggering:
www.theguardian.com
UK to have first parliament in modern history with fall in living standards, says Resolution Foundation
Household incomes are on course to fall for the first time over the course of a parliament despite Jeremy Hunt’s national insurance cuts, the Resolution Foundation thinktank has said in its assessment of the budget.
Hunt says presenter’s comments ‘unworthy of BBC’ after he suggested budget not enough to revive ‘stagnant’ economy – UK politics live
Chancellor criticises Today’s Amol Rajan after he said British economy was ‘ravaged by economic shocks’ and ‘stagnant’
mandryka
pfm Member
3.28 The government will implement a change to Capital Gains Tax (CGT) to support the housing market. The higher rate of CGT for residential property disposals will be cut from 28% to 24%. The lower rate will remain at 18% for any gains that fall within an individual’s basic rate band. This will encourage landlords and second home-owners to sell their properties, making more available for a variety of buyers including those looking to get on the housing ladder for the first time, while also raising revenue over the forecast period. Private Residence Relief will remain in place, meaning the vast majority of residential property disposals will pay no CGT
Seanm
pfm Member
I think it's more helpful to think of it as an institutional pathology - the institutions being the Treasury, the BoE, the City in particular, and the media-political class in general - brought on from being very well insulated from democracy. The point isn't really whether Hunt is, personally, a callous, self-serving prick or not. It's that he's obliged to act like one if he's to fill the position of Chancellor in either of the two main parties.
Bob McC
Living the life of Riley
Where on earth do you get the notion that Private Residence Relief covers the vast majority of properties being let?
A decent initiative.