steve_b_wales Posted October 30 Report Share Posted October 30 Will this affect you, and if so, in what way and how much? Quote Link to comment Share on other sites More sharing options...
Weihrauch17 Posted October 30 Report Share Posted October 30 Yes, my SIPP will now be subject to IHT so it will affect my children. Quote Link to comment Share on other sites More sharing options...
sitsinhedges Posted October 30 Report Share Posted October 30 Think I dodged a bullet largely, especially regarding property. I own one rental flat but will be selling unfortunately. Not worth the gamble now despite taxes remaining largely the same. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 30 Report Share Posted October 30 I don't think there was any mention of road charging was there? That was the one I was worried about Quote Link to comment Share on other sites More sharing options...
Red696 Posted October 30 Report Share Posted October 30 I think my questions are, what other options where available? Do we want / need these public services? if we do then they need funding, if not then what do we put in place as an alternative to the NHS etc? Quote Link to comment Share on other sites More sharing options...
Wylye Posted October 30 Report Share Posted October 30 Not as bad as the media were predicting is it? Not that they were trying to sensationalise the whole thing........ Quote Link to comment Share on other sites More sharing options...
Mungler Posted October 30 Report Share Posted October 30 26 minutes ago, Red696 said: I think my questions are, what other options where available? Do we want / need these public services? if we do then they need funding, if not then what do we put in place as an alternative to the NHS etc? The NHS absolutely doesn't need more money. We are now a national health service with a Country hanging off it. Labour bottled it - they could have tried to sort it out but no, they want to throw more money into the leaking bucket. Mark my words, we will throw that money in and see no demonstrable change for the better. Ditto all other public services - there is nothing quite like the public sector for making something cost three times as much as it should and then failing to deliver on time or at all. Keep an eye on GB Energy. They will waste billions on it and it will be shut down inside a decade. Indeed, a labour government can't understand the need for a business to make a profit and run efficiently to achieve that. That is because no one in the cabinet has actually had a job outside of politics let alone run a business. 26 minutes ago, Wylye said: Not as bad as the media were predicting is it? Not that they were trying to sensationalise the whole thing........ It's bad. There will be no growth. And lest we forget, we've got another 9 budgets to go before Labour get unseated. Anyone see any tax cuts on anything ever coming over the horizon? Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 30 Report Share Posted October 30 33 minutes ago, sitsinhedges said: Think I dodged a bullet largely, especially regarding property. I own one rental flat but will be selling unfortunately. Not worth the gamble now despite taxes remaining largely the same. Thousands of other landlords have done the same thing for the same reasons. Precipitating possibly the biggest housing crisis we have ever seen. Quote Link to comment Share on other sites More sharing options...
johnphilip Posted October 30 Report Share Posted October 30 Pleased I make my own eliquid Quote Link to comment Share on other sites More sharing options...
CaptC Posted October 30 Report Share Posted October 30 1 hour ago, Wylye said: Not as bad as the media were predicting is it? Not that they were trying to sensationalise the whole thing........ That's because the MMM is Tory biased in the extreme. Owned by non doms who pay no tax. No mention (I think) of Lady Mone's millions nor Dido Harding's £37 billion track and trace - oh and Sunak's nice little earner for his wife and Infosis? At least we 1.7% off a pint! Quote Link to comment Share on other sites More sharing options...
welsh1 Posted October 30 Report Share Posted October 30 It was a budget to pacify the masses, but as has been said there are more budgets to come, and the sting will be in them, i can see pay per mile coming on the horizon and lots of other things that will drag the money out of your pocket by stealth. Quote Link to comment Share on other sites More sharing options...
Weihrauch17 Posted October 30 Report Share Posted October 30 (edited) 1 hour ago, Wylye said: Not as bad as the media were predicting is it? Not that they were trying to sensationalise the whole thing........ It is if you are an Employer! Raynor's new workers rights Bill, minimum wage up and NI up and thresholds down. They will pass on the costs with less jobs so less Tax take for Mrs Thieves. Edited October 30 by Weihrauch17 Quote Link to comment Share on other sites More sharing options...
Yellow Bear Posted October 30 Report Share Posted October 30 15 minutes ago, Weihrauch17 said: It is if you are an Employer! Raynor's new workers rights Bill, minimum wage up and NI up and thresholds down. They will pass on the costs with less jobs so less Tax take for Mrs Thieves. I can see an awful lot of small businesses going under. Quote Link to comment Share on other sites More sharing options...
Weihrauch17 Posted October 30 Report Share Posted October 30 2 minutes ago, Yellow Bear said: I can see an awful lot of small businesses going under. Yep that as well, all so they can waste it all on inefficient Public Services and Millibrain's green economy wrecking insanity. Quote Link to comment Share on other sites More sharing options...
ditchman Posted October 30 Report Share Posted October 30 40% relief on buisness rates....good still retain single person discount on council tax.....good no extra fuel duty.....good NHS ..dont make me larf...get rid of all the WOK jobs and do central buying properly...thats how you save money i dont think the budget/measures are over...just dont trust Labour...i think they will introduce sneakily (oh by the waay)...more taxes in when we are not looking Quote Link to comment Share on other sites More sharing options...
marsh man Posted October 30 Report Share Posted October 30 Did I see something about an extra £100 on petrol car road tax MM Quote Link to comment Share on other sites More sharing options...
Weihrauch17 Posted October 30 Report Share Posted October 30 Govt borrowing costs surge after the Budget, nice one Mrs Thieves! Quote Link to comment Share on other sites More sharing options...
oowee Posted October 30 Report Share Posted October 30 3 hours ago, Weihrauch17 said: Yes, my SIPP will now be subject to IHT so it will affect my children. Good sized pension. Quote Link to comment Share on other sites More sharing options...
Weihrauch17 Posted October 30 Report Share Posted October 30 10 minutes ago, marsh man said: Did I see something about an extra £100 on petrol car road tax MM First year Vehicle Excise Duty (VED) rates for new cars have been overhauled, with significant rises for certain vehicles from 1st April 2025. According to the Government, the measures have been designed to “strengthen incentives to purchase zero emission and electric cars” by “widening the differentials between zero emission, hybrid and internal combustion engine (ICE) cars. The biggest news is the ten-fold increase in first-year car tax rates for cars emitting between 1-50g/km of CO2, which includes hybrids. These will increase from the current rate of £10 for petrol and diesel cars (or zero for hybrids) to £110. The vast majority of plug-in hybrid cars fall into this band. Rates for new cars emitting between 51-75g/km of CO2 will increase from £30 (or £20 for hybrids) to £135. All other rates will double next year, meaning the owner of a new VW Golf 1.5 TSI will pay an extra £220 in the first year. By contrast, a new BMW X5 M60i will have £2,745 added to the cost of the first-year rate. Standard VED rates for beyond the first year will rise in line with the Retail Price Index (RPI) as is usually the case. The Government will “consider raising” the threshold for the current Expensive Car Supplement for electric cars “only at a future fiscal event”. Currently cars of any type costing over £40,000 when new are liable for an extra £410 a year VED charge for five years after registration. Furthermore, Benefit-in-Kind tax rates for company cars will be maintained at 2% until 2026. Double-cab pick-ups will also be treated as cars for capital allowances, Benefit-in-Kind taxation and deduction from business profits from April next year. Quote Link to comment Share on other sites More sharing options...
marsh man Posted October 30 Report Share Posted October 30 2 minutes ago, Weihrauch17 said: First year Vehicle Excise Duty (VED) rates for new cars have been overhauled, with significant rises for certain vehicles from 1st April 2025. According to the Government, the measures have been designed to “strengthen incentives to purchase zero emission and electric cars” by “widening the differentials between zero emission, hybrid and internal combustion engine (ICE) cars. The biggest news is the ten-fold increase in first-year car tax rates for cars emitting between 1-50g/km of CO2, which includes hybrids. These will increase from the current rate of £10 for petrol and diesel cars (or zero for hybrids) to £110. The vast majority of plug-in hybrid cars fall into this band. Rates for new cars emitting between 51-75g/km of CO2 will increase from £30 (or £20 for hybrids) to £135. All other rates will double next year, meaning the owner of a new VW Golf 1.5 TSI will pay an extra £220 in the first year. By contrast, a new BMW X5 M60i will have £2,745 added to the cost of the first-year rate. Standard VED rates for beyond the first year will rise in line with the Retail Price Index (RPI) as is usually the case. The Government will “consider raising” the threshold for the current Expensive Car Supplement for electric cars “only at a future fiscal event”. Currently cars of any type costing over £40,000 when new are liable for an extra £410 a year VED charge for five years after registration. Furthermore, Benefit-in-Kind tax rates for company cars will be maintained at 2% until 2026. Double-cab pick-ups will also be treated as cars for capital allowances, Benefit-in-Kind taxation and deduction from business profits from April next year. Many THANKS for the update . MM Quote Link to comment Share on other sites More sharing options...
Nublue 22 Posted October 30 Report Share Posted October 30 Not everyone's going to be happy. Quote Link to comment Share on other sites More sharing options...
oowee Posted October 30 Report Share Posted October 30 1 hour ago, CaptC said: That's because the MMM is Tory biased in the extreme. Owned by non doms who pay no tax. No mention (I think) of Lady Mone's millions nor Dido Harding's £37 billion track and trace - oh and Sunak's nice little earner for his wife and Infosis? At least we 1.7% off a pint! There was a mention of the covid fraud hunting team. Quote Link to comment Share on other sites More sharing options...
rbrowning2 Posted October 30 Report Share Posted October 30 Why is it that car tax rises by RPI and not CPI, another con trick given pay rises use CPI which is lower than RPI. Quote Link to comment Share on other sites More sharing options...
Flashman Posted October 30 Report Share Posted October 30 Best wait until Govt. publish the Red Book. The really unpalatable stuff is buried in that for the accountants to pick over. All I would say is that Labour can’t even lie straight in bed. Quote Link to comment Share on other sites More sharing options...
oowee Posted October 30 Report Share Posted October 30 6 minutes ago, Flashman said: Best wait until Govt. publish the Red Book. The really unpalatable stuff is buried in that for the accountants to pick over. All I would say is that Labour can’t even lie straight in bed. At least they have let the OBR have sight and comment on the budget unlike previous. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.