What happens to the FTSE if the UK becomes Socialist?

Thrugelmir

dividendhero wrote: »

While what you say is true, not all Western countries run a capital deficit - Norway is in surplus for obvious reasons and Germany runs a massive surplus...explains why Germany is busy buying overseas assets while UK is selling off the family silver

Germany's surplus comes from the favourable exchange rate at which it entered the Eurozone. In the 90's it was the sick man of Europe itself.

UK sells silver as likes to pocket a quick profit. Whereas Germany's culture is to take a longer term view. Without the companies there'll be no jobs for future generations. Amazing how many German companies that assisted with Hitlers war effort are still trading to this very day. Even the U-Boat builders in Hamburg still undertake ship repairs and refitting.

iglad

eskbanker wrote: »

:rotfl:

Oh dear, someone's been reading the Daily Mail again....

If Corbyn and Co. promise to shut down the DM they'd get my vote!!

John_Smith_2019

talexuser wrote: »

Not selling doesn't get you richer in the future, unless you want to pass it all on, in which case another policy of scrapping the home allowance for IHT to children and replacing it with a lifetime gift allowance much less than the existing IHT threshold will mean many thousands extra in IHTax for those passing on anything above a tiny home plus some pittance in inheritance money.

I was assuming that for most people, their marginal tax rate would drop in retirement, once their wages stop.

ColdIron

John_Smith_2019 wrote: »

So if I bought Facebook shares for £1000.
Sold them for £5000 a few years later.
Then did not withdraw the money from the account, but bought some Tesco shares with the £5000.
Would I be taxed on the £4000 'gain'?

Broadly you would pay CGT on disposal of your Facebook shares, what you do with the proceeds of the sale are irrelevant. Of course if you then bought and later sold your Tesco shares with a gain that exceeded £1,000 you would pay CGT again upon that disposal and so on

You'd need to stay within an ISA, SIPP or maybe just stick to funds and not sell, to avoid getting hit.

Funds are treated just like shares with regard to CGT

Obviously protection within an ISA (or SIPP) is the best way to avoid these issues but many people with more money than the annual ISA allowance will hold investments unwrapped in a General Investment Account and Bed & ISA (sell and repurchase) each year. Any gains from those disposals outside of the ISA that exceed £1,000 would be liable to CGT

marlot

iglad wrote: »

If Corbyn and Co. promise to shut down the DM they'd get my vote!!

Easy to do ... he can just come up with a reason to dis-allow access to it from the new state owned internet service.

dividendhero

Thrugelmir wrote: »

Germany's surplus comes from the favourable exchange rate at which it entered the Eurozone. In the 90's it was the sick man of Europe itself.

.

Firstly it's not really surprising that Germany was at a low ebb in 1999 - they'd just spent a decade bringing the East of the country up to date.

Sterling has consistently fallen against both the Deutsche Mark and Euro (and US dollar, Yen etc) for decades - the UK would be an exporting powerhouse if it was just down to exchange rates,

As you mentioned Germany thinks long term..UK looks to making a quick buck next quarter

eskbanker

iglad wrote: »

eskbanker wrote: »

:rotfl:

Oh dear, someone's been reading the Daily Mail again....

If Corbyn and Co. promise to shut down the DM they'd get my vote!!

At the risk of taking your tongue-in-cheek post too seriously, I'm not a fan of censorship of a free press and am a firm believer in the principle of "I disapprove of what you say, but I will defend to the death your right to say it".

In other words, the DM may be risible and objectionable in equal measure but that's not the same as saying it should actually be banned/closed! Of course, whether we truly have a free press is a wider issue, given the concentration of ownership and lack of variety, but that's even further off-topic here....

Thrugelmir

dividendhero wrote: »

Firstly it's not really surprising that Germany was at a low ebb in 1999 - they'd just spent a decade bringing the East of the country up to date.

The East isn't up todate. Even if Berlin hits the headlines. Many in the East moved West for work.

Poor_Leno

I don't get why there's so much right wing press. Not only that, but why people are fooled into trusting or believing what they publish, especially given how low trust and popularity is among all politicians, left and right.

On a typical weekday, as far as I can see among the mainstream papers, the only 'left leaning' papers are the Mirror and the Guardian, and the only centrist paper to the core is the 'i'. The Times used to be centrist but seems a lot more soft right these days to me. The only paper I ever buy is the 'i' because I enjoy the different perspectives and views, aswell as my own being challenged. I don't understand why people would choose to read something that conforms to their feelings or beliefs. Surely as people you want to feel challenged by not only life itself, but what you read, watch or consume in general. Or am I over-estimating the 'regular folk' of the population? Do people really just pick up and buy whatever produces a tick box in their head? I suppose its no different to a chocaholic or an alcoholic straying down the same road, even if, at heart, they really don't want to. But choosing what you read can't really be compared to an addiction either. So why do so many people buy into this right wing populism?

John_Smith_2019

Poor_Leno wrote: »

I don't get why there's so much right wing press. Not only that, but why people are fooled into trusting or believing what they publish, especially given how low trust and popularity is among all politicians, left and right.

On a typical weekday, as far as I can see among the mainstream papers, the only 'left leaning' papers are the Mirror and the Guardian, and the only centrist paper to the core is the 'i'. The Times used to be centrist but seems a lot more soft right these days to me. The only paper I ever buy is the 'i' because I enjoy the different perspectives and views, aswell as my own being challenged. I don't understand why people would choose to read something that conforms to their feelings or beliefs. Surely as people you want to feel challenged by not only life itself, but what you read, watch or consume in general. Or am I over-estimating the 'regular folk' of the population? Do people really just pick up and buy whatever produces a tick box in their head? I suppose its no different to a chocaholic or an alcoholic straying down the same road, even if, at heart, they really don't want to. But choosing what you read can't really be compared to an addiction either. So why do so many people buy into this right wing populism?

Well obviously it's due to money, the wealthy newspaper owners want to influence opinion in their favour. And in the past, they did so very successfully.

But in reality the newspapers are a dying industry anyway.
I would never buy shares in a newspaper. Even though they move online, their readers are mostly a legacy cohort, migrating from when they previously read the print version.