still_learning

Done some stuff, still learning more, bits drop off the end

Same @ name on Gettr

[still_learning @2still_learning]

Circuit Breaker Benefits Overstated

Following the leak of the SPI-M model to the media, a number of people have focussed on the claim that is could save "up to" 107,000 lives

This is a flawed conclusion. The most obvious and major flaw is that the model stops at 31/12/2020....

[still_learning @2still_learning]

@KathrynPorter26 @7Kiwi ... wanders off to start designing a car to run on gherkins because the energy replacement time for gherkins might be faster than an EV charger 🤣

[still_learning @2still_learning]

@matthewclifford You haven't read the detail, have you....

[Mark Steyn @MarkSteynOnline]

Mark live now on Clubland Q&A re @TRobinsonNewEra shameful verdict: "...England is a dying corrupt craphole...he's being punished because he tells the truth..."

[still_learning @2still_learning]

Budget headroom is said to be £14.5bn against the treasury rules

Imagine almost doubling it by not giving £10bn more money to Ukraine

[leilani dowding 🌸🚜 ☮️ @LeilaniDowding]

Our government absolute fucking theives! Taking OUR money. 10 BILLION and giving it to the corrupt Ukrainian government. 🤮🤮🤮🤮. They steal from us constantly and give our money to everyone else, but us or on things we need

[still_learning @2still_learning]

@BurnsideWasTosh General business has not been as successful at the farmers in campaigning against the equivalent changes to APR and BPR

[still_learning @2still_learning]

@Steven_Swinford Having had his economics backside kicked by many users on X a few days ago, they will welcome the OBR delivering exactly the same kicking today about tax increases passing through to prices 🤦

https://t.co/1diy018ZPe

[Dr. Jeevun Sandher MP @JeevunSandher]

Nope, that’s not how taxes and price works. The price is determined by demand and supply.

Companies charge the highest price they can given demand. A tax levied on *profits* does not affect a company’s cost ie supply.

Taxes on *windfall* profits (like oil and gas) are the most efficient kind of tax there is.

[still_learning @2still_learning]

@TomBrown It's simply going to make exit planning even harder

More than likely that the cost of drafting the legislation & passing it will be greater than the relief granted

[Tom W Brown @TomBrown]

Roughly 25-40k UK businesses have annual turnover of £10 million or more.

The full Founders’ Relief tests:

• founder still holding ≥25% from the very start of trading

• five years of continuous ownership and UK residency

• 15+ qualifying full-time employees excluding directors and contractors

• sustained 25% compound growth from a £10m base or equivalent R&D spend

• and the company still carrying on its original trade

…

So how many qualify?

The pool of companies that could ever produce a qualifying disposal are extremely small - on the order of hundreds to low thousands at most, or roughly 0.01% of the overall UK business population.

🫠

[Howard Cox @HowardCCox]

Extending fuel duty freeze for an additional year could cost up to £2.7bn, according to the Institute for Fiscal Stupidity, while keeping it to 2029-30 would cost another £4bn.

As usual the @TheIFS are talking bollocks. The planned increased punitive fuel taxation will now stay in the economy to drive growth

@RestoreBritain @RupertLowe10 @danwootton

[still_learning @2still_learning]

@KathrynPorter26 @7Kiwi Should I be contemplating how many joules are in a gherkin?

[still_learning @2still_learning]

@7Kiwi How apt, when the public finances are in such a pickle

[أبو عمّار @MaajidNawaz]

LABOUR TAX RAIDS ON BANK ACCOUNTS:
“It gets worse, folks, unfortunately. On your screens right now, you see a post by ours that says ‘Breaking’. And this is a screen grab from HMRC. I’m going to blow this up on your screen so you can see it yourselves, where this quote has been pulled by me directly, personally, from HMRC’s website. This is not fake. This is a real screen grab from the ‘Gov. UK’ Her Majesty’s Revenue and Customs (HMRC) website. We’ve written: 'Breaking, updated HMRC guidance. Tax collectors will break into your property to seize your valuables without a warrant’. There on the screen, you can see the link to the HMRC website. And unfortunately, just going to read it for you now, because again, to reiterate, this is a real image from HMRC. This is an update on their real website that I personally grabbed. What did they say? They said: ‘Although the possessions can only be listed’, your possessions ‘can only be listed, by an HMRC officer, they can be collected by private auctioneers employed by us’. The key line in highlight. ‘Whoever is collecting the goods can use a locksmith to enter premises to remove the goods if necessary. They do not need a warrant from the courts or to give in any notice to you first'. So this bunch of maniacs in power seek to empower HMRC to be able to take taxes directly from your bank account. Meanwhile, from business properties, if small family businesses find themselves unable to pay their taxes and are struggling, they seek to empower HMRC to enter your property, even using a locksmith without a warrant, to seize your goods, and they don’t need to give you any notice that they’re about to do this.” Maajid Nawaz for WARRIOR CREED

[still_learning @2still_learning]

@BurnsideWasTosh and their objective is to ensure we are all paupers

[still_learning @2still_learning]

@DickieDogfather @JMcMurdockMP That's only a part, and ignores interest rates which were much higher

The tax burden is the biggest issue, you see two employees pay more tax & also a greater supply of labour reduces the price

[still_learning @2still_learning]

@LoftusSteve I have have brief exchanges with 2 work colleagues over the past two days. One declared her loathing for a neighbour with a Teal painted house & a Union flag.

The other, in response to my comment that an election is confirmed commented that greens were closest to her values 🤦

[still_learning @2still_learning]

@andyoattes A budget delivered by a not very nice Dobby

[Rupert Lowe MP @RupertLowe10]

Look at this, stashed away on page 118 of the budget...

The Government is implementing visa salary requirement changes from spring 2027 that will reduce 'occupation-specific minimum salary thresholds from the median to the 25th percentile of wages'.

In short, making it FAR easier for firms to hire migrants.

Why are they lowering barriers to overseas workers instead of training British men and women?

British people do not want more immigration.

At all.

[still_learning @2still_learning]

@StuartMaggs I didn't miss it !

They can't wait to spend other peoples money and are taking it from the self employed with no interest cost instead of the bond markets

The objective is to have everyone on PAYE, with schedule E type deductions

[Stuart @StuartMaggs]

The hidden tax measure in the Budget is huge for people paying tax under self-assessment - sole traders, partners, landlords, retired investors.

For 6th April 2028-29, you currently pay 50% of your income tax late in the tax year in question (in January 2029), 50% just after the year end (in July 2029) with any make-up payment in January 2030.

Under the new proposals you will pay your tax perhaps monthly or quarterly (TBC) from April 2029 onwards. A rough analysis suggests the impact is to draw about 50% of your tax bill forward, a huge cashflow boost to HMRC and a significant funding issue for the self-employed.

The Treasury recognises this, and expects to raise £1.3bn of additional tax in 29/30 as a result of this change.

The cashflow impact of the accelerated charge will send some businesses to the wall.

[Michael Reiners @MCRReiners]

There is a lesson to be learned about the manner in which invasions of privacy are policed in Britain. The ability to investigate and publish is unevenly distributed.

To sanctify a doxxing as beyond the reproach of the criminal law and justifiably in the public interest, you require a United Kingdom Press Card Authority (UKPCA) issued card or be a member of the National Union of Journalists (NUJ) – it is then, of course, journalism. Some of the greatest serial offenders when it comes to doxxing are protected by this privilege, Hope No Hate among them.

I wrote on the subject of this precise double standard by design – particularly as it applies here on X – in @ReinersProject here: https://t.co/pLGtWySNLr