Budget prediction 2020

[neilo]

Might need a tax on condoms,get the world population back up to speed. ??

I don’t think our Dear Leader even knows what they are.?

 

[teslacoils]

AD tax exactly equal to the rhi or whatever sub they got for building them.

 

[ajcc]

Single use rubber tax?

 

[Dave645]

I think farming will get IHT changes to hopefully target them better, like named parties as the beneficiaries to have to be farming the farm to get it net zero, and make it easier for the retired generation to pass it on at net zero if they are followed by an active farmer, Rather than forcing them to be part of the farm until death.
all that said, most likely we will see a new tax for the NHS, as the big tax change.
If they had brains it would include a cigarettes and alcohol duty, possibly a sugar tax, basicly anything damaging to our health, I would include fossil fuels using cars, but we will see.

I would like to see investment in
https://www.thechemicalengineer.com/news/new-catalyst-for-hydrogen-production/
And start to make our gas powered power plants run on hydrogen. From excess renewables as they keep ramping up.

a Tax to fund the NHS Will get fewer objections than any other, with the benifit that if it generates enough money they can spend Other tax That was spent on the NHS on other things, as long as the NHS is fully funded.

 

[Brisel]

why overdue ? Do you really think you are better off sending all the wealth abroad ?

we need the opposite, a tax system that attracts the wealthy and big businesses here in big numbers , do that and we all benefit rich or poor

Then the poor who can't afford to live here can leave & find somewhere else to live. I agree with you to a point - we need inward investment, especially as we don't seem to produce much these days other than financial services. These big houses will need cleaners and builders too.

IMO Tax hauls on transport & energy use are a soft target, all in the name of Saving The Planet. IHT reform would really be seen as kicking farmers when they are down.

 

[digger64]

Can't TE="Clive, post: 6810874, member: 6"]
why overdue ? Do you really think you are better off sending all the wealth abroad ?

we need the opposite, a tax system that attracts the wealthy and big businesses here in big numbers , do that and we all benefit rich or poor
[/QUOTE]
Cant see that at all , just makes society more extreme in both directions , always remember living in a area full of 2nd homes , ghost town in the winter even the pubs shut weekdays , schools and shops etc shut down as nearly all the loacal younger people had to leave to get somewhere to live and employment .

 

[Bald Rick]

 

[shakerator]

Interesting that the votes suggest all or nothing not just 1 !!

 

[alex04w]

We are in the middle of the spread of a virus where there are numerous deaths forecast. In those circumstances, I do not see any chancellor doing anything other than tinkering with Inheritance Tax.

To tighten up inheritance tax rules with a view to raising tax in the middle of unexpected increased deaths would be political suicide.

 

[Clive]

We are in the middle of the spread of a virus where there area numerous deaths forecast. In those circumstances, I do not see any chancellor doing anything other than tinkering with Inheritance Tax.

To tighten up inheritance tax rules with a view to raising tax in the middle of unexpected increased deaths would be political suicide.

very good point !

 

[Roger Perry]

The view from afar would suggest that you guys are going to see increases in fuel duty, with a timeline of only 15 years until you are supposed to be 100% electric versus just 2% now, how else can you force people away from something than price it out of reach..........enjoy..!!

 

[O'Reilly]

Then the poor who can't afford to live here can leave & find somewhere else to live. I agree with you to a point - we need inward investment, especially as we don't seem to produce much these days other than financial services. These big houses will need cleaners and builders too.

IMO Tax hauls on transport & energy use are a soft target, all in the name of Saving The Planet. IHT reform would really be seen as kicking farmers when they are down.

Very few 'normal people' care about farmers, and an awful lot of the general public are bitter about large landowners. There was a fair bit about it last autumn, and the CLA are making quite a push about the benefits of landowners, so they are clearly worried about it too.

 

[Brisel]

The view from afar would suggest that you guys are going to see increases in fuel duty, with a timeline of only 15 years until you are supposed to be 100% electric versus just 2% now, how else can you force people away from something than price it out of reach..........enjoy..!!

I can't bring myself to "like" that, but you've got a point and fossil fuels are a soft target. Demand is driven by price. Increase the price and alternatives will be explored. John Deere sharpened up when Fendt's selling point was fuel economy when crude prices went up in the noughties. Now they are much better at it. Or at least at fudging the figures to make it look like they are!

 

[Roger Perry]

I can't bring myself to "like" that, but you've got a point and fossil fuels are a soft target. Demand is driven by price. Increase the price and alternatives will be explored. John Deere sharpened up when Fendt's selling point was fuel economy when crude prices went up in the noughties. Now they are much better at it. Or at least at fudging the figures to make it look like they are!

To commit a nation to run on electricity in 15 years time carries a lot of risk and expense to any economy.
Britain is a small country with a lot of short journey traffic so may well be possible to achieve, for long trips on a tight schedule electric power loses its' appeal somewhat.

 

[Brisel]

If the Scots and Welsh divorce England, the journeys will get even shorter!

 

[Still Farming]

Contracting charges if white diesel used???
Triple???

 

[farmerm]

They will no doubt sneak in an increase in insurance premium tax somewhere in the appendix, the stealth wealth tax that can slip though without making headlines.. IHT changes may be a good thing or a catastrophe… loss of red diesel will be a catastrophe, even if they fudge some sort of rebate scheme for farmers... Not only will we be paying unaffordable fuel and contractor rates but we will need to spend a fortune erecting security around our tanks and farm insurances will rocket.

 

[glasshouse]

It'll be a mixed bag. I fully expect Entrepreneur's Relief to be removed. Taxes like Climate Change Levy, ATED, AgLev and Landfill Tax will go up, as will Betting & Gaming tax. I won't be surprised if the Soft Drinks Industry Levy is increased as well.

If there's going to be one big headline tax change, I suspect that it'll be the way Business Rates are levied. Most likely swapping from VOA valuations to being based on the actual rent paid. SBRR needs to be dealt with as well as it's swollen to £4bn a year.

A wealth tax would be a major vote loser for the Tories, so I don't expect to see one. It would hit owner-occupiers (who still make up the majority), plus small business owners and those with a personal pension. That's a lot of voters they won't want to pi$$ off.

So if they pee off the rich with a wealth tax, what party will those rich people turn to?

 

[Phil P]

1/2% off base rate this morning! This time next year they’ll be giving money away ?

 

[nick...]

1/2% off base rate this morning! This time next year they’ll be giving money away ?

And the bloody banks charging us to see after our cash.
Nick...