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Debate House Prices
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Great News For Homeowners!!!! Mortgages Will Be Cheaper!!
Comments
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PasturesNew wrote: »He should have set the tax free allowance to something like £10k/year. Everybody would get it then. The interest rate drop gives people in debt an extra £2-3k/year. Increasing the basic tax free allowance from 603L to 1000L would have helped a lot more people.
Savers could have saved.
Pensioners wouldn't have had their income decimated.
People in debt would have more in their hand.
People not in debt would have had spare money to spend, spend, spend.
People on the verge of thinking of working would be encouraged to get off benefits and go find a job.
Remember that the rate cut will help small businesses to carry on trading.0 -
PasturesNew wrote: »He should have set the tax free allowance to something like £10k/year. Everybody would get it then. The interest rate drop gives people in debt an extra £2-3k/year. Increasing the basic tax free allowance from 603L to 1000L would have helped a lot more people.
Savers could have saved.
Pensioners wouldn't have had their income decimated.
People in debt would have more in their hand.
People not in debt would have had spare money to spend, spend, spend.
People on the verge of thinking of working would be encouraged to get off benefits and go find a job.
Yes, of course it's a good idea - that's why the govt went and did the opposite by getting rid of the 10p tax band and increasing taxes for all low earners, contrary to their stated aims.
Bloody govt.
PN for PM!0 -
looks like the same post was posted on 2 different forums on mse.
couldnt be bothered with posting the same response on both threads so here is the link instead to the other thread regarding this topic started by pickled pink on the house buying renting forum on msebubblesmoney :hello:0 -
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PasturesNew wrote: »Generous tax or not, for every £100k a pensioner has, the 1.5% drop in interest rates will lose them £125/month.
Not if they move it into bonds and selective high yielding shares at this opportune moment.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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