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Jack
21.2K posts
Stuff like this is why people support a lot of stupid policies
camilo@AscendedYield
the general public overestimate the margins businesses make
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Jack retweetledi
The following HMRC tax receipts have gone ‘down’ since Labour ‘increased’ their rates:
1. Capital Gains Tax (people just sold fewer assets)
2. North Sea oil & gas (people invested less because of 78% windfall tax)
3. National Insurance (people hired less staff)
@CutMyTaxUK
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Jack retweetledi
The British public thinks supermarkets make 50p profit on every £1.
They make 2-4p.
"Crooked" energy companies clearing 57%? Actual: 5-15%. "Rip-off" rail on 45%? Actual: 1-5%.
The NHS, which makes no profit at all, is reckoned at 34%.
The IEA just asked. The answers were a fantasy.
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What’s nuts is that if you die before age 57 you’re family are getting an IHT bill on money you couldn’t even access yourself
Alan Smith@AlanJLSmith
New guidance on Inheritance Tax on Pensions: - Family members (beneficiaries) and personal representatives are jointly and severally liable for paying IHT from pension fund. - They have 6 months to pay. - Interest and late payment fees apply after that. - Property held in pensions will often have to be sold to pay the IHT. - The short timeline is likely to create ‘fire sale’ reduced valuations. - Yet IHT is payable on the gross property value pre death/property sale. - Pension providers, trustees, administrators, solicitors, personal representatives and family - all have to liaise and work through the admin - a logistical nightmare. - In a tight window whilst the family is grieving. - And then family beneficiaries pay income tax on income from the net fund - after deduction of inheritance tax. Double tax. - All this to possibly raise £1.5 billion - or about 48 hours of annual NHS spending. Thanks Rachel.
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Jack retweetledi
This is actually a great result.
Many people -- myself included -- thought we'd probably need to see a huge house price crash someday to correct the pre-GFC excesses of the housing market.
This has been a far less painful way to do it.
Manis@Manisnoobs
real UK house prices negative over 20 years. lol
English
We are a gargantuan football club I’m afraid
Nick 🏴@TheGunnerNick
Say nothing. Just repost. #RentFree
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I think they’ve realised they’re not going to win those voters back so they’re just going to do what they feel is right
Jonathan Hinder MP@Jonathan_Hinder
The Brexit Derangement Syndrome is off the scale at the moment. Reform (formerly known as the BREXIT PARTY) just swept to victory across working class areas. Response? Oh, it’s obviously time to rejoin the EU… Do these people even believe in democracy?
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Jack retweetledi
Diane Abbott just said, 'If the government is to be completely dominated by the bond market, MPs might as well go home'.
She's right, but not for the reasons she thinks...
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Jack retweetledi
@mr_james_c @MerrynSW I do think that some of them lack a mental model for any entity that isn't centrally controlled. I suspect that some believe that the gilt market is a few Thatcher-voters in cheap suits working out of an office block in the City who can in some way be shut down
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Jack retweetledi
When I reported on Zahawi I got a handful of abusive messages. When he apologised & it turned out I was right, they all stopped.
But Polanski? Wild levels of abuse, which just ramped up when Polanski apologised & it turned out I was right.
Does the Green Party have a problem?
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@BLThrussell They just don’t want to face up to reality - doesn’t fit with their ideology, the probably think markets are bad
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“The markets will have to fall in line” - absolutely batshit people. Sounds almost authoritarian
Dario Perkins@darioperkins
words that precede unfortunate events
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Jack retweetledi
Just reposting this on Andy Burnham's actual record in office, no reason why really thetimes.com/comment/column…
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