The forthcoming budget

padington

Any thoughts on what Hammond might do. I can see him making stamp duty a fee the seller pays.

BobQ

Another reduction on tax free pension contributions and LTA

mrginge

padington wrote: »

Any thoughts on what Hammond might do. I can see him making stamp duty a fee the seller pays.

Not happening.

padington

mrginge wrote: »

Not happening.

This is ...

There will also be more help offered to aspiring homeowners, and to renters. As well as a £10bn expansion of the Help to Buy loan scheme, Javid will announce that all private landlords will be required to join a redress system that allows tenants to complain and see those in breach sanctioned. Javid will also oblige letting agents to be registered with a professional body and require them to meet a set of minimum standards

Thrugelmir

mrginge wrote: »

Not happening.

Agree.....

michaels

airbnb earnings over 1k will be brought inside the tax system rather than being treated under the rent a room scheme

the interest rate on atudent debt will be cut making zero difference to the poorest 85% of students but marginally benefitting the top 15% of earners

[Deleted User]

Raising the basic rate income tax threshold ought to be a "given", but if wages are rising, it might not be a bad idea not to increase it, or not increase it by as much, to help the country's finances and/or make available some extra funds for public services.

More money into capital expenditure with a shift of emphasis away from London and the South East.

I'm torn on more "help to buy". Helping people who can't afford something to purchase that thing can only push up the cost of that thing even higher. In a market, there are only two things that really affect the price of something - supply and demand. All sorts of things affect both aspects, but if you want to decrease the price of something you have to increase the supply of it, or decrease the demand for it, or some combination of the two. Helping more people "demand" a house, unless the supply of housing goes up by an equal or greater amount will not help. Is there a chronic over provision of housing? Is there a dangerous lack of demand? It might sound harsh, but helping more people to buy when the price of housing is high will certainly help those who can then afford to take the first step; however it is equally true that it makes it even harder for those who still can't afford to buy, as those whom they might just about have been competing with get a "boost".

If more people can afford to buy, because of whatever the latest market distorting policy happened to be, will the builders not just raise their price to the the level that the newly government-supported market can afford?

The triple lock on pensions has to go. Maybe a double lock is OK, being inflation and average wage rises, but a guarantee to increase by a set figure regardless of these two factors is nonsense. (To be fair, if inflation continues to rise, and stays higher, it may be irrelevant anyway.)

WR

copperclock

I'd like to see changes in the higher income child benefit charge. Most preferably, basing the repay level on household income rather than individual income.

Not going to happen, though.

Thrugelmir

Wild_Rover wrote: »

The triple lock on pensions has to go.

Not something that the Chancellor is going to instigate off his own back.

Filo25

I don't forsee there being anything too contentious in there based purely on the realities of a relatively weak parliamentary position, could they even get a budget with increased taxation on the self-employed or reduction in higher rate tax relief on pensions through parliament at the moment.

[Deleted User]

Basically he's a lame duck chancellor in a lame duck government with a you guessed it a lame duck PM.