@piniii4 @g_gosden She’s significantly better off compared to the situation that younger teachers will find themselves in at the same age because (i) their pensions aren’t linked to final salary and (ii) it’s unlikely they’ll
own a home. So why should they subsidise her?
@lord_lordy@A1an_M@MrJamesMay One of the reasons land is so expensive is because rich people buy it to avoid tax. It is a good idea to ensure they pay IHT but govt needs to ensure that doesn’t impact “real” farmers
We are witnessing a Communist coup in Britain.
A farm valued at £4 million (land, buildings and machinery) might return a profit of only 50-100k per annum. Some years, it will make a loss.
The Labour government has just announced a 20% inheritance on the value of farms, which amounts to £800,000 payable (on a £4M farm) after the death of the farmer.
His children will be unable to pay this astronomical sum of money, so they will have to sell the farm. But no one will want to buy the farm because of the future inheritance tax issue.
What will happen? Friends of the government will buy it cheaply and convert it into a solar farm. After a couple of decades of useless energy production the land will be contaminated and can be re-zoned as a brownfield site and sold as building land.
The government will be very happy. Lots of politicians will become very rich. Farmers will no longer exist and the average person will be unable to buy the expensive imported food British farmers once provided cheaply.
I'm not sure people fully understand what is actually happening in England. If they did, there would be a million sturdy yeoman armed with pitchforks surrounding parliament next week.
Starmer, if he becomes PM, will inherit the highest British taxes since the war. Only an idiot would say this is his fault. Thing is, it's not Sunak's fault either.
A thread where I will annoy everyone.
@FaiselSadiq @CEOofHMCTS@HMCTSgovuk On a serious note I’ve had many similar experiences to @FaiselSadiq , once I’m physically at court staff, ushers etc are usually very helpful indeed. Special shout out to Romford CC in particular!
I confess I struggle with the idea that current tax payers (it’s not ‘government’ money) should pay £36,000,000,000 to 3.6m pensioners simply because they didn’t receive their state retirement pensions 5 years earlier than most other pensioners. https://t.co/a0DSJAxVeG
@MrPablo00@IanH7@StevensG020792@northernassist@SW_Help celebrated putting their prices up on Monday by sending my (peak time) commuter train to London with missing carriages. A nice touch to ram home the fact that their customers have no alternative but to pay the fares and suck up the terrible product.
Join us tomorrow for the first of The 1GC 35th Anniversary Finance Talks: Schedule 1 of the Children Act 1989- where are we now? on 27th February with Penny Clapham and Beth Hibbert.
Register here: https://t.co/x4ADbhUCpk