@sejhudson @packetsniffer99 taxing people to start investing is literally the reason no british retail investor invests lmfao.
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Manis
1.5K posts
Sure and I understand that more than anything else it's annoying to have to factor another thing in to the tax return.
A lot of people here are clearly very familiar with investing but don't quite get how cash-heavy the median British retail investor is in their portfolio. It's a big problem and this does something to fix it.
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This is very good and anyone angry at it just doesn't properly understand the policy.
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@darioperkins Sounds like extremely short term thinking from the consumer. We’ve had AC since 2000 😬 in London
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Why dont we have aircon in the UK? Is it to save the planet? No. Its because it only gets seriously for like a few days and by the time you decide you want to buy it, the temperature has plummeted and we are back to the usual shit weather. So you dont bother...
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@DamianPudner “Magic money tree” over there of taxing billionaires who will have left the uk by time we introduce anything
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I cannot tell you how frustrating this is. Twenty-five years in markets, years researching monetary policy, supply-side reform, countless articles and papers on growth, and Britain still prefers celebrity economics.
UNN@UnityNewsNet
Gary Stevenson set to be appointed as an 'Economic Adviser' in a new Andy Burnham administration.
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@BenRamanauskas It’ll be like the ONS across all of public sector lmao
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Number 10/Cabinet Office already struggles with getting stuff done.
I don't think you resolve this by sending some of your staff to a (wonderful) city over 2 hours away which involves having to go via Euston.
Politics UK@PolitlcsUK
🚨 NEW: Andy Burnham will create a "No 10 in the North" that will move parts of the Downing Street operation to Manchester [@FT]
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@BMJYorston Because the public and government dont engage on policies on the basis of their merit, otherwise the country wouldn’t be in this mess. it’s all short term soundbites and strawmans.
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@Manisnoobs Totally fine with people hating the policies, but it's frustrating when people engage with strawmans
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- Daily Mail, The Sun, The Telegraph, VICE in bio
- doesn't even attempt to engage with why there might need to be tax on CASH held within STOCKS AND SHARES ISAs
(It's to avoid a loophole where people circumvent the £12000 Cash ISA limit)
Rebecca Tidy@DrRebeccaTidy
It's a real shame that Labour has introduced a 22% tax on interest from stocks & shares ISAs from April 2027. It's yet another policy that discourages saving money & planning for the future. They're prioritising economic growth over individual wellbeing.
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@Dykeocletian London, were able to grow through stupid UK policies. Also because services are less sensitive to stuff like high energy prices and high taxes on employment. Whereas the rest of the UK isn't
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@Dykeocletian plenty of other countries don't have 1 city making up majority of its economic activity. It's not london "hoovering" up investment away from rest of UK, that's such a rent-seeking no-growth mindset adopted from UK being stagnant for 20 years. it's that the network effects of 1/
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The rest of the UK is economically stagnant *because* London has hoovered up so much investment and opportunity over the past few decades. You can't turn around and blame us for the consequences of London-centric policy. Most of that "productivity" is in the square mile anyway.
Manis@Manisnoobs
@TomWright165389 @Worldchampsx2 Every part of the uk apart from London is a net taker and they want to continue 😂 with burnham it seems like he’ll make that stupid idea into law
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Also nothing explicitly said against bonds either? So low coupon short term UK gilts are still tax efficient???
Manis@Manisnoobs
So with the tax on interest in S&S ISAs, seems like they're not taxing shares. Can you not just own a Money market ETF share and be exempt from this dumb tax? lmao
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@TomWright165389 @Worldchampsx2 Every part of the uk apart from London is a net taker and they want to continue 😂 with burnham it seems like he’ll make that stupid idea into law
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@Worldchampsx2 Get a penny? My friend, london makes the pennies
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London should not get another penny until Manchester and Birmingham get an Underground, Leeds gets an extensive Tram system and the trans Pennine is fully electrified to Hull.
Joshua Garfield@JoshuaGarfield
We need 4 or 5 more Crossrail projects.
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@TypeForVictory I think HMRC and the gov are stupid enough that if you buy an overnight money market etf share, their system won’t recognise that as cash interest and you may get away with it tbh.
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This is extremely irritating for people who actively allocate/trade their portfolios, or use barbell strategies.
My cash allocations have been over 60% at times.
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@Frencheconomics You can be sure it'll depress confidence and suppress investment though during the period! Yearly ritual at this point.
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Great. Just what we need - another 2.5 weeks of speculation by anonymous “source”. Pull the tapes on what was speculated over the last two years (particularly during the run in to Nov 25 Budget), and then compare to actual policy. Whatever the credibility of this “source” - it is almost always unhelpful
noise.
Barney Hussey-Yeo@Barney_H_Y
From a very credible Labour source: - Wes Streeting promised the Chancellorship for not running. - Capital gains raised to match income tax. Possible exit tax. - Economic focus: devolution, plus state ownership of cost-of-living essentials (energy, water, transport). - Nothing on AI or tech, bar higher capital gains and an EIS/SEIS-style relief for backing British businesses. (Spoiler: startups now incorporate in Delaware and raise on SAFEs. I’ve done 60+ angel investments; only two were eligible.) Andy and Wes don’t seem to grasp that tech has been the core engine of growth for 20 years, and AI will only accelerate that. So why would any founder build here? How does the UK compete with the US and China on AI? Where does growth actually come from? The world economy is changing fast, and we need to be ready to thrive in it, not just survive. I really hope this admin appoints some figures who actually get what’s happening. Losing business support early, from a disastrous first budget, was the beginning of the end for Starmer.
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As a little example of how bad this policy is. Governments had to consistently act to reduce climate impacts when climate change was signed into law in the UK, and now you've got Ed Milliband's energy policy which makes UK's electricity one of the most expensive in the world.
Archie Hall@ArchieHall
The bit that stuck out most to me...
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"You know how the UK economy has one super productive global city that is actually doing well? What if we deliberately ruined that as well"
truly remarkable, god I hate populism
Archie Hall@ArchieHall
The bit that stuck out most to me...
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electricity 4x more expensive than gas, and they're surprised? truly incompetent
First Squawk@FirstSquawk
British households not electrifying fast enough, says government climate adviser-FT
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@nickycash @RealTimVine Clearly you can’t read as any look at PM approval ratings put him deeply double digit negative. Plus he’s done a lot to piss people off; tried to cut benefits (lol its needed still), raised NI, contradicting his manifesto, introduced draconian surveillance laws, and much more.
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@RealTimVine This reply sums it up. No actual reasons for the hate. Everyone says he is the most hated therefore he is.
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must have the summer holiday before becoming PM! ffs
The Telegraph@Telegraph
Allies of Sir Keir Starmer expect him to resign as soon as Monday morning after a weekend holed up at Chequers with his family. However, the Prime Minister and Mr Burnham are said to favour a delay over the summer to allow an orderly handover of the keys to No 10 ⤵️ telegraph.co.uk/politics/2026/…
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@charliecolecc Did they ever fix the sending junior doctors to random places rather than how they used to do it by letting them pick basis their test scores? that was another retarded policy.
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