“The Deputy Prime Minister of the United Kingdom some time back was John Prescott. He had a plan called Pathfinder. The U.K. was short of decent and cheap housing. Therefore, to solve this problem, Prescott’s Pathfinder plan was that we should knock down a few hundred thousand decent and cheap houses. Yes, knock down, not knock up.”
Channel 4 had a series: “The £1 Houses: Britain’s Cheapest Street”, documenting those who bought the derelict houses – for £1, obvs - in Liverpool. I don’t remember C4 explaining why they became derelict…
You'd need ~£25 to buy £1pa of annuity for a male aged 60, inflation protected (if you can find one), 50% to surviving spouse. So a £1 million pension pot will buy you ~£40k pa pension - which is nice, but hardly the lap of luxury in 21st century UK.
Correct me if I'm wrong but isn't there a special act of parliament about this that is named after the prime minister that happens to exempt him personally form such taxes?
She’s also repeating the old canard that the rate of tax paid on dividends is lower than the income tax rate and that the gap should be removed, completely ignoring the fact that one’s profits have already been taxed at 25% prior to being distributed, thus making the whole tax charge much higher than standard income tax.
She also wants the already much attenuated £500 dividend allowance cancelled, thus causing a large number of mainly elderly people who have a small quantity of dividends to have to start filing tax returns in order to pay an utterly piffling amount of tax. She doesn’t realise that this is effectively (and it was more effective when it was £2,000) a de minimis allowance precisely to avoid this sort of nonsense.
She is indeed either extremely stupid or unbelievably ignorant. But then I think we already knew that.
I'd say spiteful and vindictive first, although Rayner could well be stupid and ignorant as well.
All of these taxes come from greedy little gits who perceive somebody else with a pile of money and think they should be the ones in control of what's done with that money.
At the same time insiting people work for longer, and old age getting more expensive, so *REQUIRING* people to build large piles of money, purely to be able to afford to stay alive.
"Ah, we see you have provided for your future, as we insisted you should do. We can't be having that, we'll have that money, thank you very much."
You're right of course. People like Rayner *LOATH* people making provision for themselves, as it takes them out of the clutches of the state,. Which is why anybody making provision for themselves must be punished and have that provision taken off them.
“The Deputy Prime Minister of the United Kingdom some time back was John Prescott. He had a plan called Pathfinder. The U.K. was short of decent and cheap housing. Therefore, to solve this problem, Prescott’s Pathfinder plan was that we should knock down a few hundred thousand decent and cheap houses. Yes, knock down, not knock up.”
Channel 4 had a series: “The £1 Houses: Britain’s Cheapest Street”, documenting those who bought the derelict houses – for £1, obvs - in Liverpool. I don’t remember C4 explaining why they became derelict…
You'd need ~£25 to buy £1pa of annuity for a male aged 60, inflation protected (if you can find one), 50% to surviving spouse. So a £1 million pension pot will buy you ~£40k pa pension - which is nice, but hardly the lap of luxury in 21st century UK.
Correct me if I'm wrong but isn't there a special act of parliament about this that is named after the prime minister that happens to exempt him personally form such taxes?
She’s also repeating the old canard that the rate of tax paid on dividends is lower than the income tax rate and that the gap should be removed, completely ignoring the fact that one’s profits have already been taxed at 25% prior to being distributed, thus making the whole tax charge much higher than standard income tax.
She also wants the already much attenuated £500 dividend allowance cancelled, thus causing a large number of mainly elderly people who have a small quantity of dividends to have to start filing tax returns in order to pay an utterly piffling amount of tax. She doesn’t realise that this is effectively (and it was more effective when it was £2,000) a de minimis allowance precisely to avoid this sort of nonsense.
She is indeed either extremely stupid or unbelievably ignorant. But then I think we already knew that.
I'd say spiteful and vindictive first, although Rayner could well be stupid and ignorant as well.
All of these taxes come from greedy little gits who perceive somebody else with a pile of money and think they should be the ones in control of what's done with that money.
At the same time insiting people work for longer, and old age getting more expensive, so *REQUIRING* people to build large piles of money, purely to be able to afford to stay alive.
"Ah, we see you have provided for your future, as we insisted you should do. We can't be having that, we'll have that money, thank you very much."
People like Rayner do not insist that we make provision for our future, or indeed want us to. They want us all to be dependent on the State.
You're right of course. People like Rayner *LOATH* people making provision for themselves, as it takes them out of the clutches of the state,. Which is why anybody making provision for themselves must be punished and have that provision taken off them.