CapitalTowerIFA

Independent Financial Advisers in Norwich , Sheffield and Buckinghamshire. Regulated by the FCA. Our comments do not constitute advice.

[Andrew Neil @afneil]

The unfairness of this beggars belief. The subsidy to the 6m will not come from general taxation, which is broadly progressive, but from the energy bills of other households, many of whom are not that much better off than those getting the subsidy. Interesting he doesn’t tell us that. Despicable.

[Allison Pearson @AllisonPearson]

Elon Musk @elonmusk
Here in the UK, Starmer and his human rights gang have created a political prisoner.

Lucy Connolly 💔

Treated far more harshly than men who have hurt children.

Why is Lucy not granted the jail leave she’s entitled to?
You disgust me @Keir_Starmer

[CapitalTowerIFA @CapitalTowerIFA]

‘I was told my pension was safe – then I lost £300,000’ https://t.co/vPKPJsxOha

[Merryn Somerset Webb @MerrynSW]

If the US is going to deregulate, cut taxes, build infrastructure and go for long term cheap energy via nuclear, it is time for all UK politicians who haven't yet done so to read this excellent essay on our idiocies - and how we can try to fix some stuff. https://t.co/LBkTAWykMx

[CapitalTowerIFA @CapitalTowerIFA]

@MerrynSW A Lammy to the slaughter I suspect

[CapitalTowerIFA @CapitalTowerIFA]

Word of the day "dunkelflaute" - a period of time in which little or no energy can be generated with wind and solar power, because there is neither wind nor sunlight. In meteorology, this is known as anticyclonic gloom. Seems apt..........

[CapitalTowerIFA @CapitalTowerIFA]

Very important read for all farmers

[Dan Neidle @DanNeidle]

Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR).

Quick thread:

[Paul Johnson @PJTheEconomist]

For goodness sake. Despite big tax rises overall chancellor has done it again. Fuel duty frozen and "temporary" 5p cut kept. This government is supposed to care about climate change. And I'm willing to bet fiscal numbers assume increases into the future. How much longer?

[Allison Pearson @AllisonPearson]

Rachel Reeves says she has no choice but to impose horrendous tax rises.
£11.6 billion on something called overseas climate aid is a choice
£22 billion squandered on carbon capture is a choice.
Labour prefers to punish the British people than give up ideology.
#Budget24

[Ed Conway @EdConwaySky]

There it is in black and white in the Treasury documents today👇
Over £40bn in tax rises as a result of this Budget.
But even MORE in the way of extra spending (see the live above)

[Ed Conway @EdConwaySky]

Markets were sanguine about the Budget when @RachelReevesMP was delivering it. But now investors are absorbing the actual details and numbers, they're considerably less sanguine.
UK government cost of borrowing climbing...👇

[Edwin Hayward @edwinhayward]

The American Dream: "I want to be rich."

The British Dream: "I want the rich to be as poor as me."

Harsh? Fair?

[Merryn Somerset Webb @MerrynSW]

"The only way to drive economic growth is to invest, invest, invest," says Reeve's. Yes, but invest well.. that's the bit that counts. Otherwise is just spending.

[Alan Smith @AlanJLSmith]

Tax his land, Tax his bed,

Tax the table, At which he's fed.

Tax his tractor, Tax his mule,

Teach him taxes are the rule.

Tax his work, Tax his pay,

He works for peanuts anyway!

Tax his cow, Tax his goat, Tax his pants, Tax his coat.

Tax his ties, Tax his shirt, Tax his work, Tax his dirt.

Tax his tobacco, Tax his drink, Tax him if he Tries to think.

Tax his cigars, Tax his beers, If he cries Tax his tears.

Tax his car, Tax his gas, Find any way To tax his ass!

Tax him all he has, then let him know

That you won't be done Till he has no dough.

When he screams and when he hollers;

Then tax him more, take all his dollars

Then tax his coffin, Tax his grave,

Tax the sod in Which he's laid...

Put these words Upon his tomb:

‘Taxes drove me to my doom...'

When he's gone, Do not relax,

It's time to apply Inheritance Tax!

#BudgetDay

[Alan Smith @AlanJLSmith]

A chancellor who has never run a business and reports to a prime minister who has never run a business and is advised by civil servants who have never run a business - is about to advise business owners how to run a business.

[The Spectator @spectator]

‘Managed to save some money for a rainy day? Bad news – you may no longer qualify as a working person.’

✍️ Steerpike

https://t.co/FKK3GZe8AG

[CapitalTowerIFA @CapitalTowerIFA]

@BBCPolitics One major difference. Her salary is paid by us, as is any NI rise that her employers (us) have to pay. So any rises that employers may pay has no impact on her and her colleagues......

[CapitalTowerIFA @CapitalTowerIFA]

@benonwine Workers?........

[CapitalTowerIFA @CapitalTowerIFA]

@RobWilcocks @MattMillard Spot on we are missing leaders with an understanding of the British people. Leaders who will be honest and say income tax needs to go up to pay for what we've spent. Leaders who can honestly relate to the nation instead of using smoke and mirrors. Leaders with Integrity.........

[Rush @exRAF_Al]

Bridget Phillipson on £170,000, says she is a working person, but a small business owner who pays himself £5000 a year from his handyman business, to top up his state pension, isn’t. “I know it’s frustrating”, how patronising - they are truly awful.