I'm quoting the government's own figures, which concede that the tax will reduce transactions and cost the taxpayer hundreds of millions over the next couple of years, before any net gain is potentially established.Oh do fuck off!
Pray tell how some London wanker in his £4 million gaff paying a bit more tax will affect the Manchester flat market.
Hard to argue with that.That was the problem with the Corbyn era slogan, For the Many not the Few.
There are now too few of the Many.
That's right.You’ll get a load of waffle about bond markets. You will wish you never asked.
Is that you trying to claim that the mansion tax will reduce house prices so much that lost stamp duty will cost more than what the mansion tax will raise?You mean the mansion tax that's going to cost taxpayers hundreds of millions of pounds in lost revenue over the next couple of years, because of the detrimental impact its going to have on the housing market, before possibly making a bit of money further out?
I' m more concerned about the loss of £81 billion in lost tax each year as the result of BrexitYou mean the mansion tax that's going to cost taxpayers hundreds of millions of pounds in lost revenue over the next couple of years, because of the detrimental impact its going to have on the housing market, before possibly making a bit of money further out?
Looks like the budget has been quite well received by the bond markets.
No, i'm not trying to claim anything. I'm merely quoting the government's own figures and estimates.Is that you trying to claim that the mansion tax will reduce house prices so much that lost stamp duty will cost more than what the mansion tax will raise?
I admire your optimism and hope you are right. I honestly think the decision to extend the freeze on tax thresholds till 2031 is devastating for all workers including those on low incomes. Most of us have seen a huge drop in living standards since this policy came in in 2021. The Government has lost the plot.I think the growth figures are way out and will be much better than expected going forward.
They are currently low in fact lower after this year. Yet the things affecting growth, inflation, Trumps tariffs, war in Ukraine, Middle East will be over at some point.
We don’t seem to have any positives despite the AI growth Zones, increased spending on public services, especially capital, increased investment, increase defense spending especially domestically and again in capital, more devolution more spending on transport, more spending on for example airports, second Thames crossing etc
I think the growth figures are way out and will be much better than expected going forward.
They are currently low in fact lower after this year. Yet the things affecting growth, inflation, Trumps tariffs, war in Ukraine, Middle East will be over at some point.
We don’t seem to have any positives despite the AI growth Zones, increased spending on public services, especially capital, increased investment, increase defense spending especially domestically and again in capital, more devolution more spending on transport, more spending on for example airports, second Thames crossing etc
Not clear what changes you want regarding tax.
What about the online safety bill ?
It doesn't look credible.
Even if you ignore the fact that current receipts as a share of GDP is going to a crazy level, the decisions taken today don't really do anything until 2028-29, when they're suddenly expected to reduce borrowing by £10bn and then £22bn the year after.
So all the pain is delayed years ahead of an election, and when they're just about to go to another General Election, they're suggesting that you'll have a sharp slowdown in departmental spending growth and a big increases in taxes.
You don't really have to be a cynic to question it.
Even the posh estate agents aren't frothing about the mansion tax.much to the disappointment of a few no doubt.
That will not go down well with the usual suspects on hereLooks like the budget has been quite well received by the bond markets.
And the swimming pool cleaner#PrayForBriansButler.
Glad to see the gardener was being kept on regardless mind.
Irish navvies?
All those English people living in the workhouses couldn't build canals?
In your view. I could counter by saying wait until this Labour government bankrupts the country and we all suffer. Biggest taxes rises ever, and we're only 17 months in. Got away with it to an extent in this budget. The next one will be more penal for sure.OK.
Enjoy your life, vote for what you want, and when, not if, the avericiousness of the wealthy rears up and bites you, remember it's your personal responsibility that enabled it.
When it happens, get a better job, don't have kids you can't afford, cancel your Netflix subscription, and move to a cheaper area.
Over and out.
So Chippy has his crystal ball out already for 2026. Oh, it wasn't as bad as he thought so he's turned into mystic Meg.In your view. I could counter by saying wait until this Labour government bankrupts the country and we all suffer. Biggest taxes rises ever, and we're only 17 months in. Got away with it to an extent in this budget. The next one will be more penal for sure.
In your view. I could counter by saying wait until this Labour government bankrupts the country and we all suffer. Biggest taxes rises ever, and we're only 17 months in. Got away with it to an extent in this budget. The next one will be more penal for sure.