Budget

[JohnD]

Nope - I want employers to be incentivised to give young people a break on their first Job. That just ended,

Young people are still cheaper than older people. That has not ended.

 

[denso13]

That just ended

No it hasn't. The warnings come up every time there is an increase, it was also forecast to be catastrophic when first introduced. It wasn't.

 

[Notch7]

Nope - I want employers to be incentivised to give young people a break on their first Job. That just ended,

Thank you for admitting you want wages to be so low people can't afford to eat.

 

[aveatry]

Thank you for admitting you want wages to be so low people can't afford to eat.

9 or will make things up that you are thinking

 

[motorbiking]

I've given an example of the sort of person who would lose the tax loophole.

It is accurate.

You falsely pretended it would apply to

but the exam question was:

Imagine a couple living together in a house worth 500k and a drawdown pension with £300k left in. The holder dies, these are not wealthy people. That’s a massive tax bill on the survivor. That’s the pension wiped out.

So lets run the numbers:

500k house attracts : £325k allowance leaves 70k to pay. £230k left
now £190k to pay = £110k left.

I'm sure you can work out what this means

 

[motorbiking]

9 or will make things up that you are thinking

and a number 1 from denso13

No it hasn't. The warnings come up every time there is an increase, it was also forecast to be catastrophic when first introduced. It wasn't.

Highest group unemployed.

UK unemployment rate by age 2024 | Statista

Approximately 13.4 percent of people aged 16 to 24 were unemployed in the United Kingdom in the second quarter of 2024, the highest of any age group in that month.

www.statista.com

 

[ajohn]

You don't suddenly inject a boost in capital expenditure and expect to reduce it in 2 years time.

Only in one area really. How long does a new scanner last? How long will it take to repair a number of buildings? and .........................

Your just following the 2% dropping to 1.5% growth arguments and assuming that 2 can be maintained by more money / magic wand. We have neither.

There is a point you could complain about concerning the over all plan. If you listen carefully from reliable sources you will hear what this is.

 

[denso13]

I'm sure you can work out what this means

They paid their dues?

 

[JohnD]

You pretend not to know what "modest" means

You want pension schemes to be a dodge to avoid inheritance tax.

That's not what they were given their special concessions for.

 

[denso13]

Highest group unemployed.

So what? People deserve a living wage.

 

[denso13]

Imagine a couple living together in a house worth 500k and a drawdown pension with £300k left in. The holder dies, these are not wealthy people.

Wealthier than most people I know.

 

[motorbiking]

They paid their dues?

2.5 X more than before. I wonder what kind of life someone can expect having their Pension income reduced by more than 50% due to tax.

You pretend not to know what "modest" means

You want pension schemes to be a dodge to avoid inheritance tax.

That's not what they were given their special concessions for.

I'm sure you can do the sums on someone with a £325k house and £200k pension pot.

Wealthier than most people I know.

Do you even know what sort of income loss that is?

So what? People deserve a living wage.

Not much good if you can't get a job as evidenced by the data.

 

[denso13]

Not much good if you can't get a job.

Better when you do.

 

[denso13]

as evidenced by the data

Over 86% are employed and deserve the increase.

 

[JohnD]

In 2020, the wealthiest 1% had an average of two million pounds in pension schemes. Motorbiking wants it to be free of inheritance tax.

It is a blatant tax dodge and needed to be stopped.