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Old 09-03-2017, 11:19   #16
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Re: Budget

I'll take my beating
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Old 09-03-2017, 11:25   #17
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Re: Budget

Quote:
Originally Posted by TheDaddy View Post
Very strange considering there was talk the other day of the chancellor squirreling 60 billion away to insulate us, insulate us, what's he gonna do, burn it.
How can you squirrel £60bn away if you're £1trillion in debt? I guess it's a bit like taking money out on a credit card and investing it in a savings account!
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Old 09-03-2017, 11:33   #18
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Re: Budget

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.
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Old 09-03-2017, 11:41   #19
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Re: Budget

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Originally Posted by Ramrod View Post
I'll take my beating

Given that Mr K, has signalled he appears fine with your post in which you modified the quote, ever so slightly and thus, did not completely misrepresent what he had said, there is no case to answer.
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Old 09-03-2017, 20:35   #20
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Re: Budget

Budget seems good to me, increased money for social care, a tax rise to fund it and some cuts to perks pensioners get.

Yet the press's reaction to a minor tax increase is pathetic, how do they expect things to be funded?

I will happily pay the tax increase which I am affected by.
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Old 09-03-2017, 20:59   #21
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Re: Budget

The NI thing is about closing a tax loophole. For the most part we are not talking about entrepreneurs in any sense of the word. They are mostly doing the same sort of work that employees are doing. If you are going to benefit from NI contributions in the same way as employees, expect to pay the same rates.

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.
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Old 09-03-2017, 21:08   #22
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Re: Budget

Like I said I am affected and have no issue with it.

But you can bet there is people out there throwing a fit over this.
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Old 09-03-2017, 21:49   #23
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Re: Budget

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Originally Posted by Chrysalis View Post
Like I said I am affected and have no issue with it.

But you can bet there is people out there throwing a fit over this.
Yes most of them Tory 'Daily Mail' voters, which make it all the more funny The same voters who expect the health service to keep delivering with increased demand, but still expect nothing but tax cuts.
tbf it was Dave who said no tax rises, not Phil, who is now my hero
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Old 09-03-2017, 22:59   #24
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Re: Budget

Quote:
Originally Posted by nomadking View Post
The NI thing is about closing a tax loophole. For the most part we are not talking about entrepreneurs in any sense of the word. They are mostly doing the same sort of work that employees are doing. If you are going to benefit from NI contributions in the same way as employees, expect to pay the same rates.
Self employed people do not benefit in the same way as employees. We don't get statutory sick pay. Employees do. We don't get maternity/paternity leave. We receive less from the system so it is entirely fair that we pay less in, at least as long as we're going to continue the fiction that we are actually paying in to an insurance scheme, which we're not, really. It's just income tax by other means.
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Old 09-03-2017, 23:31   #25
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Re: Budget

Quote:
Originally Posted by Chris View Post
Self employed people do not benefit in the same way as employees. We don't get statutory sick pay. Employees do. We don't get maternity/paternity leave. We receive less from the system so it is entirely fair that we pay less in, at least as long as we're going to continue the fiction that we are actually paying in to an insurance scheme, which we're not, really. It's just income tax by other means.
They charge more than employees are paid. That is meant to cover the other employee benefits. The longer term plans are to try and implement those other NI benefits for the self-employed. The new self-employed entitlement to state pension is now, not in 30-40 years time.
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.
Paying out £7,720 to get £37,500 still seems a good deal for the self-employed.
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Old 10-03-2017, 09:21   #26
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Re: Budget

I think it might be a vote loser..
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Old 10-03-2017, 09:40   #27
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Re: Budget

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Originally Posted by Maggy J View Post
I think it might be a vote loser..
Well looking at it this morning they are delaying it until the Autumn after a rebellion by senior Conservatives, including a government minister.
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Old 10-03-2017, 09:41   #28
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Re: Budget

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Originally Posted by Maggy J View Post
I think it might be a vote loser..
The election is ages away so they aren't bothered. Manifesto's from all parties are irrelevant once they've been elected.

tbh it's telling to see these Tory MP's going mad over a few pence rise in tax. If only they could get so irate about the state of the Health Service, or funding in Schools. Silly me, forgot, none of them use the NHS, or send their kids to state schools. All they are interested are in tax cuts for themselves, which the plebs should fund.
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Old 10-03-2017, 15:35   #29
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Re: Budget

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 scum avoiding paying their way...
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Old 10-03-2017, 15:54   #30
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Re: Budget

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Originally Posted by Mr K View Post
Not a bad Budget I thought. Not much mention of the crisis in the NHS, and how they are going to solve it, but no surprise there. However, it's about time the self employed their fair share, well done Phil. Hilarious to see the self employed Tory columnists going apoplectic Brexit is going to cost big time, and we are all going to have to pay for 'taking back our country', from God knows who. Welcome to the real world. Lots more tax rises to come.
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.)
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