2022 mini-budget discussion

CapitalOne · 3 Oct 2022 at 07:26

You fools, I think you deliberately misinterpreted what was said in the mini budget - there was no specific date given plus fingers were crossed behind backs

Jesus though, it was a mess last week and now it’s an even bigger mess. How on earth?

CapitalOne · 3 Oct 2022 at 07:29

In a continued streak of revelations, for the first time in his career, Mr Grant Shapps (is that the name he’s going by still?) is “right”

CapitalOne · 3 Oct 2022 at 07:31

…and now they are blaming my MP, Mr Philp for this. Pass the parcel bus chucking.

wesimmo · 3 Oct 2022 at 07:36

You can only try something and then backtrack like this government have if you're playing Football Manager and are save scumming.

CaptainRAVE · 3 Oct 2022 at 07:40

It’s just embarrassing at this point.

Martini1991 · 3 Oct 2022 at 07:42

CapitalOne said:
…and now they are blaming my MP, Mr Philp for this. Pass the parcel bus chucking.

He is crap like.

Kill_Phil · 3 Oct 2022 at 07:43

Now hopefully they get investigated for inside trading or whatever rule book can be thrown at them. Not gonna happen is it though

Deleted member 77746 · 3 Oct 2022 at 08:00

Semple said:
That's pretty much how a government operates.

Indeed.

Deleted member 77746 · 3 Oct 2022 at 08:02

wesimmo said:
You can only try something and then backtrack like this government have if you're playing Football Manager and are save scumming.

Or like using F2 and F4 in an emulator save state reload

adidan · 3 Oct 2022 at 08:07

Listening to the floundering of the Chancellor and others embarrassing.

The Lady in not for not u-turning.

chroniclard · 3 Oct 2022 at 08:12

Where does that leave the forum Tory bots now.....Liz is really causing them issues.

cheesyboy · 3 Oct 2022 at 08:15

She was committed to it yesterday, though.

https://twitter.com/x/status/1576485458909204480

Greebo · 3 Oct 2022 at 08:15

cheesyboy said:
This was a sleight of hand. The reduction in top rate was announced in advance (as is usual), so high earners deferred income to the next tax year: hence lower tax take at the higher rate when comparing year on year

We'll see the same effect this time, and the Tories will use the same trick to make their claims.

Spot on. First thing we got from our accountants was advice to reduce dividends paid this year and put them all through post 6th April and just use loans from the company to directors to keep their income at the same level this year.

Besty · 3 Oct 2022 at 08:15

chroniclard said:
Where does that leave the forum Tory bots now.....Liz is really causing them issues.

We will see by the end of the conference. It has not effected me at all but there will be around half a million people that are probably fuming by around mid-morning

CapitalOne · 3 Oct 2022 at 08:16

chroniclard said:
Where does that leave the forum Tory bots now.....Liz is really causing them issues.

I would be fascinated to hear. In particular the contractors (sorry entrepreneurs) convinced that this, corp tax and IR35 changes (nothing financial there) would save them 10s of K. PAYE 45%’er champagne socialist here saying it was the only move from the flailing corpse of a government

JamesH85 · 3 Oct 2022 at 08:17

cheesyboy said:
She was committed to it yesterday, though.

https://twitter.com/x/status/1576485458909204480

She also threw him under the bus in the same interview! Now he wants to scrap it, is it one vs the other?

Everything they do is a contradiction, embarrassing!

fez · 3 Oct 2022 at 08:21

cheesyboy said:
She was committed to it yesterday, though.

https://twitter.com/x/status/1576485458909204480

What is she doing with her hands?

And can someone explain to me the complications involved in taxing people at 45% on part of their income. It obviously becomes a horrendously complex system when you add that final 45% rate in I just can't quite get my smooth brain around why.

Rilot · 3 Oct 2022 at 08:21

Let's see how the markets react this morning. The markets love uncertainty.

Fair play to them for scrapping it though. I'll give them that.

Nitefly · 3 Oct 2022 at 08:22

“This is definitely the right decision and we’re sticking with it for the good of the country.

“We’ve reversed the decision because it was a distraction.”

:confused:

cheesyboy · 3 Oct 2022 at 08:25

Rilot said:
Let's see how the markets react this morning. The markets love uncertainty.

Fair play to them for scrapping it though. I'll give them that.

Not much upside for the markets. A drop in the ocean as far as the cost of this mini budget goes.

And, yeah, it doesn't inspire trust and confidence in the UK government.