Election Year or Fear!

[Geoff Parkstone]

An interesting budget. No increase in personal taxes but increase in ERNI will directly reduce gross wages as a knock on effect. So no lies but perhaps a few truths bent here and there Glad to see nondoms abolished but this may simply mean flight of such people, so net tax take might not be as much as they hope.

Good to see hike in SDLT to push back from multiple home ownership which coupled with council house building programs should ease supply of housing and reduce the Airbnb market. CGT again hit which you'd expect as it mostly hits the "non working man".

Interest rates likely to stay higher longer as a consequence, and cost of government borrowing trending up in market, but not in a Trussian way.

All in all doesn't really hit me as a self employed businessman so broadly content, but I question if the changes will raise as much as the spending plans demand, so I imagine things may bite closer, on direct and indirect taxes, in another 12 months time.

[Trickytreesreds]

An interesting budget. No increase in personal taxes but increase in ERNI will directly reduce gross wages as a knock on effect. So no lies but perhaps a few truths bent here and there Glad to see nondoms abolished but this may simply mean flight of such people, so net tax take might not be as much as they hope.

Good to see hike in SDLT to push back from multiple home ownership which coupled with council house building programs should ease supply of housing and reduce the Airbnb market. CGT again hit which you'd expect as it mostly hits the "non working man".

Interest rates likely to stay higher longer as a consequence, and cost of government borrowing trending up in market, but not in a Trussian way.

All in all doesn't really hit me as a self employed businessman so broadly content, but I question if the changes will raise as much as the spending plans demand, so I imagine things may bite closer, on direct and indirect taxes, in another 12 months time.

I think your analogy is spot on GP.
https://news.sky.com/story/budget-ch...rises-13244848

I thought it would be more brutal, bit comforted myself in that a penny came off a pint.
If i drink 20 pints a day for 2 weeks I get a free half.
Winner winner , chicken dinner

[Andy_Faber]

Good to see hike in SDLT to push back from multiple home ownership .

2% increase will have less impact on property buyers than the beer duty has on draft drinkers, in fact this small increase combined with a relatively larger increase in disposal (CG) tax might well change the minds of those in property to dispose of their assets. I was expecting and in fact had adjusted for some sort of income tax differential for 'unearned' income