1) I retweet links to medical studies of Lyme Disease & Lyme related info
2) Tweet my own football trades & welcome comments
3) Post photos of norweigian forest cats 🐈 (dm me yours I will RT them)
4) Tweet about uk property (less so due to brexit)
Ive seen several articles this week on abolishing SDLT (stamp-duty) are people finally waking up to the fact that its a EXCELLENT idea? I tweeted about it for MONTHS!
@landlord_secret 100% agree - leaseholders get stung for management companies slackness on expiring deals how is it fair that many occupiers end up paying double rates because of it and no consumer rights at all!
@resfoundation tax simplification would yield greatest benefit its important to look at history of uk tax rules and changes and their impact on society as well as other country's tax policies. Taxing landlords would only increase rents for tenants so that is not the answer either!
@landlord_secret ...if a referenced tenant loses their job or changes jobs an doesnt tell you(most do not)it invalidates any claim for loss of rent if they stop paying plus many other conditions an if you think your letting agent will save you it means keeping tabs that they do everything right!
@landlord_secret Landlords now have huge worries and anxieties since the government changed the playing field and continues to harden the climate for the private small landlord it will get worse unfortunately! As for landlord insurance or rent guarantee insurance they come with conditions...
@DanNeidle Yeah agree wholeheartedly to go back to pre 2011 rules makes a lot of sense, the issue is the admin burdon on taxpayers and time it takes to prepare what they require just got longer an more complex over the years! Current system big burdon over the nations people!
@DanNeidle no the difference was removed with off-payroll rules with ir35 of which now about 99% of the contractors fall into, now a very complex area!
For once I agree with Jeremy Hunt 100k its not a huge salary (about 55k net after taxes an NI ) if you live in surrey have kids and mortgage (high cost of living area) one parent working should get help tax on salary is higher rate as well! pls fix it asap Mr Hunt!
For once I agree with Jeremy Hunt 100k its not a huge salary (about 55k net after taxes an NI ) if you live in surrey have kids and mortgage (high cost of living area) one parent working should get help tax on salary is higher rate as well! pls fix it asap Mr Hunt!
☎️Constituency Calls ☎️
My first call was to Rosemary French, President of the Cranleigh Chamber of Commerce to talk about the planned changes to the High Street. She talked to me about the problems of the pavements not being wide enough, the huge success of street markets and the potential of Fountain Square.
I then spoke to a Godalming resident about the loan charge and his concerns that it was an unfair form of retrospective taxation that could force him to sell his house.
I then spoke to Steve Madincea, chair of Creative Surrey and neighbour of mine in Hambledon about how to get things done in the public sector.
Finally I spoke to a lady from Godalming about eligibility for the government’s childcare offer which is not available if one parent is earning over £100k. That is an issue I would really like to sort out after the next election as I am aware that it is not huge salary in our area if you have a mortgage to pay.
I draw you back to IFS research, in UK tax rises with income disproportionately upwards see ... Marginal and average income tax rates in England, Wales and Northern Ireland https://t.co/jiJiW7RA2O via @TheIFS
I'd ask you to look at a few income and tax profiles with costs taken account. You will see the tax burden falls as income rises above median as spare cash evolves. Do it over time for the same people and you'll see the impact harming them at the lower end, because of the changes in their costs.
Tax on earned income does rise, but doesn't in comparison to those higher up the income scale, unless the allowances and rates favour the bottom end, as the rates apply in context to outgoings, that are roughly the same for everyone in basic needs. It doesn't help that 'basic' is now more than a roof, food, energy, council tax (ask a Birmingham resident about that !)... (We're a first world economy so 'basic' is rather more than that.) It's also a function of inflation and last year's inflation and the year's before are still in today's costs, things are still rising in cost, but at a margin of no longer affording basics for many.
Income at the bottom end has been suppressed. Try living on 2000 hours of 11 quid an hour that's taxed! Fuel yoyo pricing hurts most at the bottom end where public transport doesn't exist.
Safety net, top up benefits, used to let big companies cut pay. Tax payers subsidised director bonuses and dividends. Withdrawing those now without replacement is regressive. Windfall taxes are needed to ensure companies pay fairly, until sanity is rebuilt in the ratio between bottom and top earners - a real societal voice in the boardroom not lip service. That needs diverse boardrooms, time we don't have.
That the total tax percentage falls as spare money rises is mainly the problem. It's not only about rates on earned income but all new income. Unearned income paying hardly any tax is breaking the system altogether - that's a big chunk of avoided tax - so it's about a fair proportion of total income, progressively paid in tax, that can be seen to deliver Fairness, to draw back to the point, where the power of capitalism meets a fair share of outcomes, beyond basic needs.
Stopping union membership, sacking everyone in a workforce and rehiring on worse terms, these are abuses of the power of capitalism. As high up the fed chain to 98% of junior doctors in the 62% voting for working to rule shows we have a broken political economy.
It is insulting economic markets that anyone living on the capitalist wealth creation should consider other than improving the ability of their consumers to participate. But that's Tory Libertarianism. Beggar thy neighbour is actual policy. It's nuts.
27 million people on the bread line, with 99% of new wealth going to 1%, won't sustain 8-to-10-times-income mortgages and you can forget a baby boom the data says we need.
It now takes a salary of £48,000 a year to pay for childcare for two children. (The nursery payment will tickle that not fix it btw). That 48k is 10k above median income and we are forecast too few births until 2100.
So who will have the children? Exactly.
These sums must add up.
Politics is a data ritual of creating virtuous circles, where we all gain a little, or where we are headed under the Tories, to all lose. Even in the Coalition with austerity, inflation was negligible and GDP rose by 2%+. Carrying on austerity instead of investing after 2015, without @vincecable holding back Osborne and then Johnson/Sunak broke Britain post Brexit. Everyone else had Covid. Now the US has 8% growth, EU 3% and us nothing, so it's Brexit. There's also this...
Now the population rises by 600k and investment falters so GDP per person has fallen.
How can we fix it?
@LibDems are all over this with a return to prosperity by increasing our market access, towards rejoining the Single Market. There, extremists couldn't easily make such changes which is why they dragged us out - look at the results - Trussonimics - it cancelled the UK in 43 days for goodness sake and now, Hunt cuts national insurance, where the safety nets of NHS and pension rights are maintained, says what?
@jedmarson@MartinSLewis Disagree with a few points here tax % increases more you earn disproportionately basic rate 20% higher 40% additional 45% an hidden band 60% it should be propertional an simplified, ie flat rate 20% more you earn more you pay!
Torsten I disagree in part with your analysis on this occasion, rising rates are having upward pressure on increasing rents, also you missed out in your analysis the constant attack on landlords with increasing taxes an increasing regulations that bring increase additional costs!
@J_Elliott94@HenryPryor Ouch ! your post is stark, many reasons for this one biggie is councils sold off lots of council housing, think about it if there was more council housing available less would be paid in HB is successive governments underinvestment in housing which they were happy to do ...
@J_Elliott94@HenryPryor Ouch ! your post is stark, many reasons for this one biggie is councils sold off lots of council housing, think about it if there was more council housing available less would be paid in HB is successive governments underinvestment in housing which they were happy to do ...