No change to tax free cash on 26 November

MeteredOut

tiptop1_2 said:

Anything could still happen. The govt are changing their minds every day. It's ridiculous.

This isn't how a govt on top of their game act, it's a shambles.

No they are not. The media headlines are changing every day. And those that click on them and promote them are falling for it.

Bobziz

FT "The UK government ditched plans to raise income tax rates after an improved fiscal forecast from the Office for Budget Responsibility, according to people familiar with the matter."

Aylesbury_Duck

tiptop1_2 said:

Anything could still happen. The govt are changing their minds every day. It's ridiculous.

This isn't how a govt on top of their game act, it's a shambles.

But how do you know that?  I'll answer for you: You don't, unless you are directly in the discussions yourself.  This is all just a consequence of the need to fill 24 hour rolling news.  

MeteredOut

Bobziz said:

FT "The UK government ditched plans to raise income tax rates after an improved fiscal forecast from the Office for Budget Responsibility, according to people familiar with the matter."

They read it in the Daily Mail.

Moonwolf

tiptop1_2 said:

Anything could still happen. The govt are changing their minds every day. It's ridiculous.

This isn't how a govt on top of their game act, it's a shambles.

How do we know, I don’t know of a reliable method to work out the difference between kite flying, briefings and pure speculation by the press?

I’m inclined to believe changes to the TFLS are speculation because it has been repeated so many times over the past few years.

Cobbler_tone

MeteredOut said:

tiptop1_2 said:

Anything could still happen. The govt are changing their minds every day. It's ridiculous.

This isn't how a govt on top of their game act, it's a shambles.

No they are not. The media headlines are changing every day. And those that click on them and promote them are falling for it.

Maybe not "every day" but a tad blinkered if you genuinely think there is not some serious flip flopping at play. There was a reason for that pretty unprecedented pre-budget speech last week. She all but spelt out that the manifesto promises were about to be broken....as for 1p/2p, that was speculation.
Not all of the 'press speculation' is guesswork. It is carefully briefed and leaked information, often to judge the response. How come Streeting had to roll out is comedy act on breakfast TV? 
You can normally pick out the scaremongering, as it gets reported as though it IS happening, although the ever reliable  BBC lead story opens with "Chancellor Rachel Reeves has decided against raising income tax rates at the Budget later this month." Fact or speculation?

It is common sense to say we don't know 100% until it is announced and in the meantime things will be changing regularly at no.11 and even when it is announced, they are subject to getting reversed pretty sharpish.

The response over the past two days is that the UK markets don't like what they are hearing....unless that is all the press' fault too? 

BlackKnightMonty

MallyGirl said:

Please avoid political debate or the thread will get closed

There is a big difference between political and economic debate.

MallyGirl

BlackKnightMonty said:

MallyGirl said:

Please avoid political debate or the thread will get closed

There is a big difference between political and economic debate.

Absolutely- and phrases like 'the government is a shambles' is not economic debate

Albermarle

BlackKnightMonty said:

MallyGirl said:

Please avoid political debate or the thread will get closed

There is a big difference between political and economic debate.

Yes but some posters are making direct negative comments about the Govt, which is political.

Albermarle

Bobziz said:

FT "The UK government ditched plans to raise income tax rates after an improved fiscal forecast from the Office for Budget Responsibility, according to people familiar with the matter."

I can believe that, as the initial larger estimates of the black hole ( eg £50Bn), seem to have subsided down to a more manageable £20Bn. Presumably in part due to the usual toing and froing pre budget, between the Treasury and the OBR.