Cable Forum - Budget

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Quote:

Originally Posted by Horizon (Post 35889482)

Let see, shall we?

No one knows, including the EU, what will happen in the Brexit negotiations.

A lot of pessimism around, but how about a bit of optimism instead?

Unless there's dire hard EU loving fanatics here, which I don't think there are, leaving the EU was the right decision. Even a okay-ish deal will put us in a better position long term than the EU. (and yes I do expect there to be some pain soon, but it will pass.)

Yep, as we know, there's no gain without pain and there's plenty of the latter ahead for the EU regardless of Brexit.

---------- Post added at 17:34 ---------- Previous post was at 17:28 ----------

Quote:

Originally Posted by Maggy J (Post 35889479)

Well it will affect my daughter..she had to give up a 9-5 job due to debilitating migraine attacks.She has taken up working from home as a writers assistant and so had to go self employed so she could earn around around the attacks..So not all self employed are selfish **** avoiding paying their way...

Correct. It's odd how some people will deride negative stereotyping but don't mind indulging in it when it suits.

To be self employed one has to register as self employed and that will mean they will fill out tax returns .No one can simply say "i am self employed" and decide not to pay tax or nics.Also i would point out that self employed people have always had access to the state pension and other contribution based benefits via class 2 nics ,which although voluntary are paid on top of compulsory Nics (class 4)

Quote:

Originally Posted by Mr K (Post 35889219)

However they do get 'cash in hand'.

What decade are you living in?

Cash maybe king. But as a day to day transaction facility it's on life support.

Self employed tradesmen now need to have cardpay facilities, and many apps as well as Paypal are used.

Cash in hand is a thing of the past.

---------- Post added at 21:52 ---------- Previous post was at 21:49 ----------

Quote:

Originally Posted by Taf (Post 35889275)

Smokers got hammered again, and this time by a variation in the way tobacco is taxed... now by "minimum price". It'll be alcohol next.

All the usual sites said "no increases for alcohol" but those taxes are indexed so happen anyway, they don't need to be announced in the budget.

Cigarettes should be £10 for 20, hell no make it £20 , a £1 a cig.

---------- Post added at 21:54 ---------- Previous post was at 21:52 ----------

Quote:

Originally Posted by Maggy J (Post 35889429)

I think it might be a vote loser..

Possibly but it impacts a very small section of the electorate.

---------- Post added at 21:59 ---------- Previous post was at 21:54 ----------

Quote:

Originally Posted by Maggy J (Post 35889479)

And will this impact her?

Does she earn more than £16,000 a year? ( I think that's the correct figure) if not this won't impact her, she may even be better off.

As ever there's loads detail,behind the headlines

It's all about making the tax system fairer. Listen to Phil and Mother Theresa, they don't tell lies ;)

Quote:

Originally Posted by Mr K (Post 35889545)

It's all about making the tax system fairer. Listen to Phil and Mother Theresa, they don't tell lies ;)

You should be in marketing or politics - empty sound bites, no factual back up....

Quote:

Originally Posted by Hugh (Post 35889551)

You should be in marketing or politics - empty sound bites, no factual back up....

I think Mr K is joking. :D

Quote:

Originally Posted by Hugh (Post 35889551)

You should be in marketing or politics - empty sound bites, no factual back up....

Quote:

The IFS said the chancellor's 2% increase in NICs for the self employed closed a small fraction of the gap between employees and the self employed.

Quote:

The government says this was traditionally down to a lesser entitlement to benefits and pensions, but that these disparities have mostly been removed, so the difference in rates is unfair

Quote:

In April 2016, self-employed people were given rights to the state earnings-related pension scheme, which offers an extra £1,890 annually to those who have made 35 years of contributions – providing a boost of £37,500 over a 20-year retirement.
However, the combined changes in NIC contributions announced in the spring budget will cost a self-employed person just £193 each year, equating to £7,720 over a 40-year working life.

£193/year with a return of £1,890/year. How is that not a good deal?

I was being ironic, as was Mr K....

To clarify my earlier comments a bit more, I dont support targeting a part of the population that is perhaps considered the easiest to hit, I expect they thought by targeting self employed it would not generate much bad publicity. But more that I support tax rises in general.

Certainly I think the UK population somehow needs reeducating that tax rises need to happen, because of all the tax cuts in the past decade or so, everyone seems to have got used to an idea that we can just have everlasting tax cuts which is clearly not sustainable unless you are david cameron who thinks we can make it work by just dismantling the public sector.

The party policy at election time to promise no rise in income tax, NI and VAT was just irresponsible.

May seems to have her hands tied by promises of the previous leader, she could untie the hands by winning an election without that manifesto but of course winning the election is not a certainty even with labour been as unpopular as they are now strange things can happen.

Quote:

Originally Posted by 1andrew1 (Post 35890066)

NI increases scrapped.
http://www.bbc.co.uk/news/uk-politics-39278968

Good grief that is a fairly quick U-Turn Andrew.

I like how in PMQ's idiotic Jeremy Corbyn, claims the government is in chaos over the U-Turn. So laughable from him, but I liked TM's reply that if she wants to take lectures on 'Chaos', she will approach him and his party.

Quote:

Originally Posted by denphone (Post 35890070)

Good grief that is a fairly quick U-Turn Andrew.

The whole thing's a farce but to its credit, the Government has moved swiftly. After Osborne's omnishambles budget, the Government took two months to drop the higher taxes on static caravans and pasties.

Quote:

Originally Posted by Mick (Post 35890073)

Corbyn - Pot kettle black... lol

He couldn't hit the side of a barn from the inside. He's utterly inept and deeply uninspiring.

Quote:

Originally Posted by Osem (Post 35890077)

Corbyn - Pot kettle black... lol

He couldn't hit the side of a barn from the inside. He's utterly inept and deeply uninspiring.

Gawd, ol' Jeremy blew a big chance to embarrass the Government. He's just not quick-witted enough :dozey: