Poll: *** 2010 General Election Result & Discussion ***

[Raumarik]

The conlibs will not produce anything remotely pretty. (and yes it is labours fault, but in two years that will be forgotten) whereas a large proportion of the lib dem voters will never forgive them.

In your opinion, I doubt you speak for most lib dem voters.

 

[Mr Jack]

Nice to know the employees NI increase is still going ahead, even though it was labours jobs tax.

It's the employers side that was tagged the "jobs tax". Plus, if I'm reading it right the continuation of the rise in employers is part of what will pay for the increase in personal allowance which is no bad thing.

 

[The Mad Rapper]

In your opinion, I doubt you speak for most lib dem voters.

He doesn't speak for me, I am a Lib-Dem voter. I am open minded about the future, I hope they manage to work together, drag the economy back from the brink, and make a positive difference to the lives of us all.

 

[Narj]

Nice to know the employees NI increase is still going ahead, even though it was labours jobs tax.

I expect there are a few more like that to come, the money has got to come from some where.

Well, quite, anyone who doesn't see that somehow this all has to be paid for is deluding themselves. The employer portion is the more important as scrapping it gives a little less reason for an employer to lay people off or hold back on recruiting new bodies.

Not keen on paying any more tax really but there's not much choice tbh.

On another note, if this CGT increase is going to apply at the top rate for BTL investments, that should be an interesting turning point for the housing market. Landlords up in arms but maybe it will make a push towards houses being homes again, rather than investments. I'd expect a big sell-off of BTL properties, driving prices down if that goes through at 40%.

 

[FirebarUK]

On another note, if this CGT increase is going to apply at the top rate for BTL investments, that should be an interesting turning point for the housing market. Landlords up in arms but maybe it will make a push towards houses being homes again, rather than investments. I'd expect a big sell-off of BTL properties, driving prices down if that goes through at 40%.

About bloomin time too, pretty sure Vince Cable had something to do with this being pushed through, I think he's been a big advocate of such things (even LVT).

 

[PMKeates]

I think CGT tax is a shame.

It was the big tax haven for those without an army of accountants, yet were keen enough to find it

 

[The Mad Rapper]

I'd expect a big sell-off of BTL properties, driving prices down if that goes through at 40%.

Good, can't come soon enough.

 

[Raumarik]

CGT has me a bit worried, we held onto our flat so we could do it up before selling, moving shortly as we only just completed the purchase of our new house and will be putting the flat up for sale once we move. Don't really want hit by additional costs, not like we were going to make more than a couple of grand on the sale.

 

[The Mad Rapper]

CGT has me a bit worried, we held onto our flat so we could do it up before selling, moving shortly as we only just completed the purchase of our new house and will be putting the flat up for sale once we move. Don't really want hit by additional costs, not like we were going to make more than a couple of grand on the sale.

At least you've not lost anything mate, look on the bright side.

 

[RDM]

CGT has me a bit worried, we held onto our flat so we could do it up before selling, moving shortly as we only just completed the purchase of our new house and will be putting the flat up for sale once we move. Don't really want hit by additional costs, not like we were going to make more than a couple of grand on the sale.

Are you going to make a profit of more than £10K? If not, then it shouldn't matter as it is the gain that is taxed not the full value.

 

[Raumarik]

RDM - really doubtful mate, I'm only doing the flat up as it's a bloomin mess and I can't do it with the pregnant wife and two cats mulling about

 

[RDM]

RDM - really doubtful mate, I'm only doing the flat up as it's a bloomin mess and I can't do it with the pregnant wife and two cats mulling about

Are you living there at the moment? If so then as main residence it is exempt from CGT. However if you don't think you will break £10k profit (possibly even £20k, can you combine CGT allowances?) and you havent sold any other investments then it should not be an issue.

 

[leaskovski]

I don't know why, but I am feeling rather optimistic about all of this. I actually think it might go the full 5 years!

 

[stockhausen]

... The conlibs will not produce anything remotely pretty. (and yes it is labours fault, but in two years that will be forgotten) whereas a large proportion of the lib dem voters will never forgive them.

Can you explain please, or at least translate into English

 

[drew64]

Can you explain please, or at least translate into English

he means no one will remember why the cuts are being made

 

[Cosimo]

Great!

But you need to get it our of your heads that this is going to last more than a year.

Why so?

 

[RDM]

Can you explain please, or at least translate into English

It will be forgotten in two years that it was Labour that got us in to the mess we are in and all the pain from the austerity measures will be blamed fully on the Con/Lib Dems would be my guess?

 

[RDM]

Why so?

Because his chosen outcome didn't happen so all he has left is to hope this one fails.

 

[PermaBanned]

Why so?

For exactly the same reason you didn't want a hung parliament in the first place. Or have you forgotten already?

The Conservatives themselves said that they never last more than a calendar year.

 

[Amp34]

I was looking at some of the proposed reforms and one jumped out as problematic.

Fixed Term Parliaments: these offer disproportionate power to small parties in a hung Parliament. Because the PM cannot call another election to break a stalemate when no party has a majority.

If we had a directly elected PM then fixed terms are not an issue we'll have a working Executive no matter what and a majority is not a necessity in a legislature that is separated from the Executive. In fact a hung Parliament acting as a legislature might better hold legislation to account, certainly if MP's become more independent and focussed on serving their constituents rather than jockeying for position from the Executive.

You also have the problem whereby the Conservatives couldn't call an election in a year (for example) if they were riding high in the opinion polls, to try and get a majority on their own.