In todays news...

[Asian Boss]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

[irie]

Events in or actions by Russia this winter could throw most plans in the air...

Just today another huge spanner thrown into the works, possibly by Russia.

(Was reported in another threadl)

https://news.sky.com/story/kremlin-says ... s-12706208

Undersea 'blasts' recorded at same time Russia-Germany gas pipelines damaged

The Kremlin and others say they can't rule out sabotage after "unprecedented" damage was caused to both Nord Streams 1 and 2 - a day before a new pipeline from Norwegian gas fields carrying gas to Europe is due to open.

So now it begins.

[Count Steer]

Events in or actions by Russia this winter could throw most plans in the air...

Just today another huge spanner thrown into the works, possibly by Russia.

(Was reported in another threadl)

https://news.sky.com/story/kremlin-says ... s-12706208

Undersea 'blasts' recorded at same time Russia-Germany gas pipelines damaged

The Kremlin and others say they can't rule out sabotage after "unprecedented" damage was caused to both Nord Streams 1 and 2 - a day before a new pipeline from Norwegian gas fields carrying gas to Europe is due to open.

So now it begins.

Fortunately only purged with gas rather than being operational. Much confusion over who dunnit? Who benefits?

Best theory I've heard is that it was the Russians......and it was the wrong pipeline and the new Norway-Poland pipeline was the target. (Which would be par for the course at the moment).

[Wscad]

So far I have irie a touch ahead of potter. Nothing much between them, but I think irie has his/her nose in front

[Pirahna]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Apparently, when Sunak was chancellor he froze the personal tax allowance, the amount of money you can earn before paying tax. It's usual for this to rise in line with inflation, I believe it's frozen until 2025. The amount of tax revenue this will generate makes the scraping of the top rated look like a drop in the ocean. Yet another thing to fuck the poor.

[irie]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Question: how can tax cuts be made that benefit only the "poor"?

[Pirahna]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Question: how can tax cuts be made that benefit only the "poor"?

Use a salary based sliding scale on the personal allowance. The lowest earners get a greater allowance than those earning more. The more you earn the earlier you start paying tax.

[Mussels]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Question: how can tax cuts be made that benefit only the "poor"?

Use a salary based sliding scale on the personal allowance. The lowest earners get a greater allowance than those earning more. The more you earn the earlier you start paying tax.

That already exists, before anyone can decide what the poor should pay we need to decide what defines poor

[Count Steer]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Question: how can tax cuts be made that benefit only the "poor"?

It's a matter of benefit/burden relative to resources rather than one but not the other. ie progressive/regressive taxation. Raising the lower earnings limit would make more difference if you're on £25k than on £250k. Might make some jobs more attractive too if people keep a bit more of what they earn. Freezing it rather than adjusting in line with inflation seemed extremely regressive.

[Mussels]

Northerners should have their allowance reduced because they have access to cheaper houses

[irie]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Question: how can tax cuts be made that benefit only the "poor"?

Use a salary based sliding scale on the personal allowance. The lowest earners get a greater allowance than those earning more. The more you earn the earlier you start paying tax.

And make allowances for different costs of living in different parts of the country.

Northerners should have their allowance reduced because they have access to cheaper houses

Oh, already been said, my bad.

[Asian Boss]

I wonder if the northern poor are please with what the government they voted in to GET IT DONE have done to the economy?

Tax cuts for the very wealthy and affordable mortgages Brexited away.

Apparently, when Sunak was chancellor he froze the personal tax allowance, the amount of money you can earn before paying tax. It's usual for this to rise in line with inflation, I believe it's frozen until 2025. The amount of tax revenue this will generate makes the scraping of the top rated look like a drop in the ocean. Yet another thing to fuck the poor.

They knew what they were voting for. This is what they were voting for. It's what they wanted all along.

[JackyJoll]

Northerners should have their allowance reduced because they have access to cheaper houses

And if they haven’t, they just break into them.

[Pirahna]

It seems last weeks mini budget was so well thought out even the IMF have felt the need to comment.

https://news.sky.com/story/imf-warns-uk ... y-12706612

[Mussels]

It seems last weeks mini budget was so well thought out even the IMF have felt the need to comment.

https://news.sky.com/story/imf-warns-uk ... y-12706612

The IMF complained about austerity and then Brexit, this is hardly unusual.

[Mr Moofo]

It seems last weeks mini budget was so well thought out even the IMF have felt the need to comment.

https://news.sky.com/story/imf-warns-uk ... y-12706612

The IMF complained about austerity and then Brexit, this is hardly unusual.

Did they have tax fiddler Legarde in charge at the time?

[mangocrazy]

It seems last weeks mini budget was so well thought out even the IMF have felt the need to comment.

https://news.sky.com/story/imf-warns-uk ... y-12706612

The IMF complained about austerity and then Brexit, this is hardly unusual.

So basically their advice is sound, then.

[Cousin Jack]

No one has commented on who "the markets" actually are. Mostly rich people who will get even richer by shorting (selling stuff they dont own) stuff.

[Mussels]

No one has commented on who "the markets" actually are. Mostly rich people who will get even richer by shorting (selling stuff they dont own) stuff.

That and your pension fund.

[Horse]

No one has commented on who "the markets" actually are. Mostly rich people who will get even richer by shorting (selling stuff they dont own) stuff.

Allegation in one of the papers today that it's 'remainer' traders in the city getting their revenge.