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Can you run the economy?
Chizz
Posts: 28,334
You're the Chancellor. And, at the end of the month, you have to set the Budget. Good luck..!
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(Usual caveats: this is a bit of fun; don't make any political comments; it's just a bit of fun; it's not intended to stimulate political debate - even among the vegans; it's only a bit of fun).
Click here
(Usual caveats: this is a bit of fun; don't make any political comments; it's just a bit of fun; it's not intended to stimulate political debate - even among the vegans; it's only a bit of fun).
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That was fun, enjoyed playing around with it, lacked a little detail in some areas but not a bad little gimmick!1
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Everyone with a net worth of >50m has fled the country and America is preparing to invade
(I haven't done this really)10 -
It didn't have the "we'll print more money button" I was counting on. Or have some of these bonds box.
I put up income tax by a penny in the pound and NI got a rise.
Corporation tax went up as did inheritance and told the non-doms to do one.
I did away with the triple lock and WFA, (thought I'd give nature and the NHS a hand)
Stamp duty got wound back to not help FTBs but even with it house price still rose so swallowed the benefit.
2 child cap to stay and no free meals, Mine I have grown up so sod the rest of you
I spent heavily on Health, education and defence. I thought this was where budgets should start from.
No give aways at the end. Buy your own presents.
And I trashed the economy. But I'm as qualified as few chancellors have been in recent years, absolutely zero, .
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Tax everybody 100% on all income over £100,000 and nationalise all private land and property.22
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I cut welfare, binned the triple lock and raised all non personal taxes, didn't cut departments funding to the bone and cranked up investment, managed to balance the books, so all good2
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I broke the election promises but as I didnt put them in place I dont care.
I also binned the triple lock but my "rabbit out of the hat" was free school meals.4 -
it appears I can!0
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best of luck...Chizz said:You're the Chancellor. And, at the end of the month, you have to set the Budget. Good luck..!
Click here
(Usual caveats: this is a bit of fun; don't make any political comments; it's just a bit of fun; it's not intended to stimulate political debate - even among the vegans; it's only a bit of fun).
Edit. bad luck.2 -
Bit of fun, balanced the books and have reduced debt and budget deficit, easy this.1
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You just broke your own "don't make any political comments" caveat so the rest don't count either.Chizz said:You're the Chancellor. And, at the end of the month, you have to set the Budget. Good luck..!
Click here
(Usual caveats: this is a bit of fun; don't make any political comments; it's just a bit of fun; it's not intended to stimulate political debate - even among the vegans; it's only a bit of fun).1 -
Triple lock must be maintained until UK's appallingly low pensions reach level of other G7 economies.
I pay tax on my state pension, if non-Doms don't wish to contribute on their millions/billions, I'll drive them to the airport.
Lets not forget the Tories nearly trebled national debt over 14 years whilst absolutely slashing services.
The freeze on tax allowances until 2028 alone should have led them into the political wilderness, but Labour have no plans to reinstate upgrades.
Revise council tax to have mansions pay their due. I pay band C for a one bedroom flat on the edge of the M25.
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I rejoined the EU and was able to start a British space programme! 🫡5
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The triple lock is the biggest welfare grab ever2
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Biggest voting block in the country so will never be removed.Rothko said:The triple lock is the biggest welfare grab ever
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Sort out care provision for the elderly you can put the triple lock straight in the bin2
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Triple lock needn't be forever but our pensions are so much lower than other wealthy countries. We are playing catch up.
There are many tricks Reeves is missing in taxing the wealthy, mainly on multiple homes and exporting wealth to tax havens. I wonder if there is a system in place for taxing Airbnb leasees.5 -
I couldn't find the option to buy loads of Euro Millions tickets.5
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Why shouldn't pensions go up by the same rate as earnings? The state pension isn't huge, yet someone on £50k with a salary increase of 4.1% will have a much bigger actual increase in their income, than someone on the state pension.0
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We're not a wealthy country on a per capita basis. It's time we stopped pretending we are.Gisappointed said:Triple lock needn't be forever but out pensions are so much lower than other wealthy countries. We are playing catch up.
There are many tricks Reeves is missing in taxing the wealthy, mainly on multiple homes and exporting wealth to tax havens. I wonder if there is a system in place for taxing Airbnb leasees.1 - Sponsored links:
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Here we go ......2
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Really tough.
The wildcard tax grab I'd do is introduce a lower rate of CGT on the sale of FIRST residences above a certain limit. Why should gains through the rise in house prices be treated differently from second homes or shares?0 -
I'd abolish stamp duty on PRIMARY properties altogether, after all, we aren't at war with France anymore. I would rather a wealth tax on properties over a transaction tax. For example if a £1m property should attract stamp duty of £41,250, I would rather pay an extra £800 a year (meaning I pay £41k over 50 years), rather than a massive whack when I move. Whatever it takes to make the tax revenue loss from stamp duty balance out.
Selfishly, I actually want to upgrade my home as often as I can and stamp duty is the biggest blocker to that and it's infuriating!1 -
I suppose you could think of your primary home as being in the equivalent of an ISA. CGT on sale of first residences AND stamp duty would destroy liquidity in the market in my opinion. Old codgers would never downsize.killerandflash said:Really tough.
The wildcard tax grab I'd do is introduce a lower rate of CGT on the sale of FIRST residences above a certain limit. Why should gains through the rise in house prices be treated differently from second homes or shares?1 -
Houses should be for living in, not a financial investment. Our taxation system encourages people to buy the most expensive house they can afford, as it's tax free gain if it goes up.Huskaris said:
I suppose you could think of your primary home as being in the equivalent of an ISA. CGT on sale of first residences AND stamp duty would destroy liquidity in the market in my opinion. Old codgers would never downsize.killerandflash said:Really tough.
The wildcard tax grab I'd do is introduce a lower rate of CGT on the sale of FIRST residences above a certain limit. Why should gains through the rise in house prices be treated differently from second homes or shares?
If someone has a £500k house which rises to £1.3m when they sell it, why shouldn't a percentage of that gain be taxable?13 -
ME14addick said:Why shouldn't pensions go up by the same rate as earnings? The state pension isn't huge, yet someone on £50k with a salary increase of 4.1% will have a much bigger actual increase in their income, than someone on the state pension.Why should they? By the way - average wage growth in 2009 was -2.9%! (I guarantee the median wage growth was a larger negative). State Pension is not a wage for doing a job, it is a state benefit linked to the individual's NI record.The state pension is way too low - most people would agree with that. The solution isn't the triple lock (especially including wage growth), it should be raised substantially and then inflationary increases applied.3
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Execute the kulaks and the intelligentsia. Purge the country of all dissent.seth plum said:Tax everybody 100% on all income over £100,000 and nationalise all private land and property.0 -
Run the economy?I can’t even curtail my wife online shopping for more than about 3 hours14
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Can't reach the table to turn her laptop off mate?AFKABartram said:Run the economy?I can’t even curtail my wife online shopping for more than about 3 hours4 -
Why shouldn’t it be? It’s a family home, not a business.killerandflash said:
Houses should be for living in, not a financial investment. Our taxation system encourages people to buy the most expensive house they can afford, as it's tax free gain if it goes up.Huskaris said:
I suppose you could think of your primary home as being in the equivalent of an ISA. CGT on sale of first residences AND stamp duty would destroy liquidity in the market in my opinion. Old codgers would never downsize.killerandflash said:Really tough.
The wildcard tax grab I'd do is introduce a lower rate of CGT on the sale of FIRST residences above a certain limit. Why should gains through the rise in house prices be treated differently from second homes or shares?
If someone has a £500k house which rises to £1.3m when they sell it, why shouldn't a percentage of that gain be taxable?0
This discussion has been closed.
