When will everything stop going up ?.

[farmerm]

In the longterm a proper recession would reset the balance, interest rates ought to be 5-7% too. Governments propping everything up is just a sticking plaster. Start sticking interest rates up 1% every 4 mths until we reach 5-7% and tell everybody its going to happen so they can brace themselves. House prices are stupid . Up the tax on owning multiple homes and holiday homes

And those home owners will say tax the land owners, they have more in asset value than my little sea side retreat... Tax income and tax capital gains but taxing assets of those who acquired them though graft and scrimping rather that having their daily Costa and Gregs, rather than phishing their pay cheque all up the wall every weekend after a shopping spree on new clothes, rather than having 8 meals out and 8 take always every month rather than blowing the rest on 2 weeks all inclusive in Benadorm every summer and a new car on credit each year?? You can keep such communist ideologies to yourself thanks.

 

[Hilly]

In the longterm a proper recession would reset the balance, interest rates ought to be 5-7% too. Governments propping everything up is just a sticking plaster. Start sticking interest rates up 1% every 4 mths until we reach 5-7% and tell everybody its going to happen so they can brace themselves. House prices are stupid . Up the tax on owning multiple homes and holiday homes

No way , tax is theft .

 

[farmerm]

No way , tax is theft .

Tax on assets bought from wealth that has already been taxed once when it was earnt certainly is

 

[glasshouse]

but what is the best way to protest? burning more fuel in order to drive slowly down the motorway upsetting over busy folk who are also paying too much for their fuel is in my eyes just moronic. blockading depots and forecost would cause shortages and make the situation even worse. Only sensible protest would be for everyone to stay at home for 10 days and not use any fuel....

Correct
The country would come to a stop
There would be plenty scabs though
Can u wait till i finish the hay?

 

[Werzle]

And those home owners will say tax the land owners, they have more in asset value than my little sea side retreat... Tax income and tax capital gains but taxing assets of those who acquired them though graft and scrimping rather that having their daily Costa and Gregs, rather than phishing their pay cheque all up the wall every weekend after a shopping spree on new clothes, rather than having 8 meals out and 8 take always every month rather than blowing the rest on 2 weeks all inclusive in Benadorm every summer and a new car on credit each year?? You can keep such communist ideologies to yourself thanks.

Time to get tough! Stick it in the wifes name. Gap between the top and bottom needs reducing

 

[farmerm]

Correct
The country would come to a stop
There would be plenty scabs though
Can u wait till i finish the hay?

well ive mine down too so im not going anywhere though I will probably need a drop more cherry before I can bale.

 

[Hilly]

Time to get tough! Stick it in the wifes name. Gap between the top and bottom needs reducing

Many wives will be running and not coming back

 

[Cowabunga]

How much duty on cherry ?

10p per litre on Gasoil compared to 53p on DERV.

It was reduced by 5ppl in March to the above level, but Gasoil only got a 1p reduction, hence partly why gasoil and DERV are nearer in price in percentage terms than it has been in the past. From now on there should be significantly less market for gasoil as well, due to it not being allowed for much of anything apart from agriculture any longer. That means a higher storage and distribution cost per litre.

 

[glasshouse]

10p per litre on Gasoil compared to 53p on DERV.

It was reduced by 5ppl in March to the above level, but Gasoil only got a 1p reduction, hence partly why gasoil and DERV are nearer in price in percentage terms than it has been in the past. From now on there should be significantly less market for gasoil as well, due to it not being allowed for much of anything apart from agriculture any longer. That means a higher storage and distribution cost per litre.

Red has 13p duty

 

[Half Pipe]

Govt is coining in the vat at £2/litre

But what will it cost them for infrastructure projects or even repairs like pot holes.
Must be costing a fortune to send a team out for jobs like that.
They maybe happy to see inflation erode government debt, but I think it must be mounting up with new spending

 

[glasshouse]

But what will it cost them for infrastructure projects or even repairs like pot holes.
Must be costing a fortune to send a team out for jobs like that.
They maybe happy to see inflation erode government debt, but I think it must be mounting up with new spending

My heart bleeds for them

 

[Cowabunga]

Red has 13p duty

This is from Gov.uk...

The fist column is the duty pre-March 2022 and the second column id current.

 

[Steevo]

But what will it cost them for infrastructure projects or even repairs like pot holes.
Must be costing a fortune to send a team out for jobs like that.
They maybe happy to see inflation erode government debt, but I think it must be mounting up with new spending

They have plenty of debt with interest rates based on inflation. Doesn’t seem such a clever idea at the moment.

 

[glasshouse]

Debt is a burden. Worse than that, debt on a mortgage is a personal burden, which is not generally serviced by the asset. I have no real issue with debt being heritable on a business, assuming the business has the means of servicing it. Houses generally don't, so therefore you're passing on that burden to the next generation which they are obliged to service with personal income.

Nonsense
They can sell it or rent it out

 

[Werzle]

Nonsense
They can sell it or rent it out

Takes an age to sort out when someone dies and accounts are frozen so you could be lumbered paying the repayments for 12-24mths

 

[glasshouse]

Takes an age to sort out when someone dies and accounts are frozen so you could be lumbered paying the repayments for 12-24mths

Best get it passed on before death then

 

[glasshouse]

Currently if you are over fifty you are frozen out of mortgages.
Making them heritable will change that

 

[More to life]

Takes an age to sort out when someone dies and accounts are frozen so you could be lumbered paying the repayments for 12-24mths

Why would a youngster saddle themselves with there parents debt who could died at any moment. It's literally the daftest thing ever it might work for 1 family in 1000. Families borrowing, siblings , divorce,new partners ,adoption,emigration the list is endless for disaster. Not including the younger generation claiming it's been mis sold and don't want it.

 

[Yale]

Why would a youngster saddle themselves with there parents debt who could died at any moment. It's literally the daftest thing ever it might work for 1 family in 1000. Families borrowing, siblings , divorce,new partners ,adoption,emigration the list is endless for disaster. Not including the younger generation claiming it's been mis sold and don't want it.

Surely you just liquidate the assets and settle the debt?

 

[Wesley]

I’m sure the National Trust etc would be more grateful than a lot of you lot if they were left a property in someones will that had a higher value than the remaining mortgage. Maybe you would prefer if they cashed in their assets before death & blew the lot?