Andrew Penn

Leeds United Fan and rejuvenated birder. Other interests include sailing, cooking, running and WW2. IC member. Views are my own.

[Andrew Penn @andrewpenn]

@DanNeidle Sorry Dan, but I’ve been reading all the right wing commentators saying your some Labour stooge, how can it be that you then write a thread that criticises the budget….. I sure they can’t all be wrong??? 🤣🤣🤣

[Andrew Penn @andrewpenn]

@mark_wharrier @davidyelland @OctopusEnergy And no doubt during the 80/90s you were just as proactive in ensuring UK coal mines remained open and subsidized as opposed to buying cheap coal from overseas.

[Andrew Penn @andrewpenn]

@AndyAitcheson Can’t find you? Are you under your name or something else?

[Hey, Dave! @davegreenidge57]

Here’s a video produced by “Led by Donkeys” out of the U.K. that puts down the timeline of how Musk used X to get Donald Trump elected. I would save it because I don’t think it will be up for long.

[Andrew Penn @andrewpenn]

@Spamsalotnow @mj_cotton @DanNeidle @ShepherdWales As I am sure multiple people have already pointed out. Land value and IHT farm value are not the same thing. IHT will only take into account the value of the land on the basis of its farming value. If it has development value because it’s near greenbelt this will be ignored.

[Andrew Penn @andrewpenn]

@Catherinewith11 @guyshrubsole @MilesKing10 Important note. Farmland for IHT will only be valued for its single purpose as farmland. So a field near a city will have significantly higher value as potential for housebuilding, but this is not taken into account for IHT.

[Andrew Penn @andrewpenn]

@Catherinewith11 @guyshrubsole @MilesKing10 A number of farms near me do roughly this right now. To maintain acreage and clear debts. If you are further from city/urban development the sums would be harder but not impossible.
The current tax rules came in 1992 and farmers survived before then and will in the future.

[Andrew Penn @andrewpenn]

@Heisholt @wilfmartin72 And so it was, that was a hard watch. They were awful. No fight at all. I’m surprised Plymouth fans aren’t angrier.

[Andrew Penn @andrewpenn]

@Heisholt Like the gardener Jenny had nothing to say!

[Andrew Penn @andrewpenn]

@DanNeidle @TheIFS Would these factor in other costs which are in Germany France etc part funded through compulsory insurance such health and social care for elderly?

[Andrew Penn @andrewpenn]

@Prawns @RestIsPolitics @RoryStewartUK @campbellclaret Plus it’s likely that these changes will depress land values as the rich will no longer buy farm land as a way of avoiding IHT which will be positive for farmers as buying a farm or expanding your existing one will become more viable.

[Andrew Penn @andrewpenn]

@Prawns @RestIsPolitics @RoryStewartUK @campbellclaret I think you need to look at what the tax consultants are saying on this.
It’s very likely you can bequeath a £3m farm with no IHT at all with a little bit of planning. And even a £5m property the effect will be minimal. Which leaves them only the big estates.

[Private Eye Magazine @PrivateEyeNews]

Those shocking reasons why Taylor Swift was granted special security

From the new Private Eye, out now.

[Andrew Penn @andrewpenn]

@DrHelenFry For clarity I believe it was a just war, worth fighting. Defeating Nazism/Fascism was worth it.

[Andrew Penn @andrewpenn]

@DrHelenFry Some of the people’s views below…..😳

[Andrew Penn @andrewpenn]

@rammydev @dieworkwear Traditionally, I was taught the tie knot is determined by the collar of the shirt and the weight/thickness of the tie. The suit has no determining factor.

[Andrew Penn @andrewpenn]

@DavidOlusoga There in lies the dangers of Twitter, we spend too much time engaging with idiots.

[Andrew Penn @andrewpenn]

@haydno @BladeoftheS I believe the Royal Family are exempt. Mainly to avoid an uncomfortable conversation between monarch and state about who actually owns it all palaces and houses etc…