Autumn Statement - Predictions and results

Thrugelmir

purch wrote: »

What about When ?

Interesting question. Certainly higher than the current 55 age for pension drawdown.

Thrugelmir

theEnd wrote: »

There was talk of him changing the way contractors are 'employed' which would cause a lot of issues for me and doesn't really make any sense.

The Treasury loses out on Employers NIC which is 13.8%. A change which rake in a sizable sum.

Thrugelmir

michaels wrote: »

I can see that idea which effectively shifts tax revenue from some future date to now being very appealing to the chancellor given the timeframes (5 years max) that politicians operate under.

It will take a bit of setting up and consultation however so probably not brought in until 17/18 and probably current pensions would in some way be 'rollde in' to the scheme to avoid pension contributions dropping off a cliff - although again in the short term giving people their money and then expecting them to put it into their pisa is likely to lead to a fair bit of leakage as money that would have been saved is spent - again good for a pre-election economic boost.

Something radical will take the headlines. Cutting higher rate relief is a significant saving.

theEnd

Thrugelmir wrote: »

The Treasury loses out on Employers NIC which is 13.8%. A change which rake in a sizable sum.

Some of which is clawed back in Corp Tax + Income Tax on dividends. With the increase in dividend tax, there's hardly any difference.

To make contractors go permy will kill a lot of jobs in the short term (and probably long term too).

wotsthat

Thrugelmir wrote: »

Something radical will take the headlines. Cutting higher rate relief is a significant saving.

I'd quite that something radical to be a reduction in spending. If the government needed less to spend they wouldn't have to dream up ever more elaborate ways to raise tax and hope no-one notices.

slowpoke_rodriguez

setmefree2 wrote: »

I would really welcome some fat & sugar taxes.

Or maybe just slap VAT on all food....

.....obese people should be paying more to cover the extra costs to the NHS....

.....imho

Of course, this won't happen but it should....

They should be paying less!
Along with smokers and drinkers they're going to peg out earlier and relieve us of having to have them stored in an old folks home we can't afford to run.

Mistermeaner

Cut welfare
Cut taxes
Dig holes

CLAPTON

Mistermeaner wrote: »

Cut welfare
Cut taxes
Dig holes

most people who want jobs can find them ; so no need to dig holes

Mistermeaner

CLAPTON wrote: »

most people who want jobs can find them ; so no need to dig holes

Fair point

How about build houses then?

Generali

kabayiri wrote: »

It never comes at all now. Autumn or Spring.

It's probably rose tinted glasses, but were things simpler before the GFC?

Nowadays, every announcement has to save billions or generate billions. In a few short years Labour will come along and reverse half these initiatives anyway.

The way Mr Corbyn is going that's going to be an awfully long way into the future.

When you have to take lessons in politics from Len McCluskey things are really bad.