Watching the Sturgeon inquiry live stream, this is mental that it's streamed on YouTube
Westminster Politics
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In the latest episode of the United Hour Podcast, Nik and Imran hold a long overdue conversation about United's awful league form with 1 win in 7. They discuss a disappointing draw at Bournemouth, a not so disappointing draw against Liverpool and a crushing defeat at Chelsea - Is time nearly over for Erik Ten Hag?
Then in a special second half of the pod, Nik welcomes Natalie ( https://twitter.com/natalie_17) to discuss the fortunes of Manchester United Women as they booked a place in the FA Cup Final after a historic first ever win vs. Chelsea.
It's been on BBC TV News 24 and Sky News all morning. Incredibly boring.
He's the same guy who said that the homeless or unemployed would have no issue saving for a deposit for a London home! Someone's clearly eating some of the funny mushrooms!
Have no clue why people rave over Sunak.
Furlough.
Well he's a genius compared to Boris.
Because he’s been chosen by the powers that be and the nation is being gaslighted into adoring him.
So the tax free allowance is frozen until 2026, which will impact the lowest earners more than anyone.
He speaks well, looks smart, and has given us free money. I’d say that’s why.
A broom is a genius compared to Boris.
CT increases to 25% from 2023, but with the 19% rate remaining for companies with profits up to £50K, then tapered so that only profits over £250k will pay the 25% rate.
feck me I’m glad I don’t have to sit any CT exams again
feck me I’m glad I don’t have to sit any CT exams again
Gross really.
Annoyingly, this guy sounds great.
Oh no, he's managed to sidestep the one criticism of the CT increase that Starmer has been running with. Who could have seen that coming?
Haven’t the Tories been telling us for years you raise more Money through CT by reducing the rate?
I’m going to...
That’s why I will be...
I am so proud to be able to...
I am making us the biggest and best...
I pledge billions into...
...with your money.
That’s why I will be...
I am so proud to be able to...
I am making us the biggest and best...
I pledge billions into...
...with your money.
So many words to say so little. I hate politicians with a passion.
Good for small businesses, thought it was a well thought out budget. Although clearly we need some time to digest.
won’t go down well here, just because it’s the Tories reading it out.
won’t go down well here, just because it’s the Tories reading it out.
I don't get it. With nearly all thresholds and taxes frozen how is he going to tackle the deficit? Is he leaving it for Labour in 2/3 years time?
And of course our resident right wingers would be screaming murder if Labour proposed CGT increases. We have proof enough of that.
It's not a terrible budget, a little limited perhaps. This super deduction plan seems potentially hazardous. I'll be keen to see the analysis on it as you'd think it could be easily exploited.
touche. Personally, I’m a centralist...
Unfortunately many initiatives get exploited because the admin is extremely difficult/ cumbersome to get in place - political parties aside.
I didn’t want anything dramatic - now is not the time, too much uncertainty. We know we need to pay this back, but we can wait until we get out of Covid and really understand the economic playground on which we stand.
Look at what happening to California. It doesn't seem like a good long term strategy for maintaining business presence, more business = more job creation.
Raising rates will likely be a short term prospect and generate quick access to more cash. Finding the sweet spot will always be the cause for contention.
Freeport's?
China has entered the chat...
China has entered the chat...
He said he’s going to be very hard on corporations in 2023.
He also said he’s going to increase the loss that can be offset.
I can’t imagine what corporations might be planning.
that applies to any tax change, it’s incumbent on business to effectively manage their business with effective tax planning - it’s almost as if you are saying, why bother?
The more you take it in the more it appears a substantial tax cut for most businesses. It'll be easier than ever for large businesses not to pay any tax even if they just maintain current investment levels.
They've decided the people will pay for the covid debt but they're too cowardly to announce it and hiding it through freezes.
I don't get Sunak's appeal at all. He is a hard-core tory, a privileged dickhead trying very hard to come off as a regular guy. I think it will be a mistake for Tories to ditch Boris for this guy; I can't imagine his appeal is as broad. He certainly won't command as much adoration post furlough.
is today the whole plan or are there more stings in the tail to follow later?
Me too. Ok, he speaks well. But quite honestly, anyone can throw money around in a national emergency.
His plans to balance the economy in this budget are hardly clever. And everything he says is totally predicted on low interest rates which is a massive risk. It is already understood that global interest rates are going to go up over the next few years.
Exactly that. Yet more lies. But hey. We are used to being lied at.
Yeah the investment incentive sounds ripe for abuse unless it has quite strict, measurable parameters. The UK has appalling figures for business investment and productivity, so can see what he's trying to do, but if it means I can buy a load of office chairs and write 130% of that off my tax bill, then it will be an expensive disaster.
So Brexit has forced many multinationals to leave Britain and now there you are putting up another barrier to trade by increasing corp tax. feck me I would like to see the logic behind that decisionCT increases to 25% from 2023, but with the 19% rate remaining for companies with profits up to £50K, then tapered so that only profits over £250k will pay the 25% rate.
feck me I’m glad I don’t have to sit any CT exams again
the fact he even quoted the additional cost of govt borrowing if IR inc by 1% and stated rates would rise doesn’t help your argument.
The best chancellors we’ve had in the past 30 years are Brown and Sunak.
how is it hiding it through freezing the marginal tax rates?
Even a sun reader knows that’s a real terms tax increase.
It seems clear that he doesn't want to announce income tax rises between the end of the Covid crisis and the GE in 2025 so he's frozen allowances until 2026 - tax rises in real terms by stealth.
CT rise in 2023 is interesting as I am expecting the full effects of Brexit to start really kicking in around 2023.
I remember one of the first arguments about Brexit way before the referendum was that VAT would be reduced and the EU was preventing that. Anyway ten years after the referendum it apparently will still be the same .
Looking forward to the next load of Brexit comical histrionics regarding Freeports. Should be funny.
The ministry for propaganda.
They are working to discredit Scottish Nationalism.
The irony is, the Tory government have done more to promote Scottish nationalism than any other party.
Definitely agree with you about Gordon Brown.
But there is absolutely no supporting evidence for Sunak because he hasn't been in the job long enough to be able to make a reasoned judgement.
Another plus from me for Gordon Brown. I didn't catch what Sunak said about interest rates rising, but I can say they could rise by a lot more than 1%, and I think I've read 50% of UK debt is due for repayment in 10 years or less. Anyone that isn't frightened by that should be.
indeed - the point he was making was that debt would rise by £x per 1% increase.
it’s clearly going to take a lot longer than a decade to pay off. It will be refinanced.