UK General Election 2029 - Trading ONLY thread

[firlandsfarm]

Can't believe she's still bleating on about the preceding Conservative government. It's been 18 months now. How much longer before Labour start taking responsibility for their own policies?

Never!

[jamesedwards]

Budget leaked before it's been delivered. What a complete and utter shambles this budget has been.

Will you be paying £2.5k or £7.5k annual mansion tax, Peter?

[Euler]

My main worry with this tax is fiscal creeping over the years. You can see governments changing the banding or extending the scope, meaning people will end up renting the house they bought from the government. Lots of houses, mine included, already pay two lots of council tax. Lots of people, especially those calling for taxes on bigger properties, don't know that.

[weemac]

My main worry with this tax is fiscal creeping over the years. You can see governments changing the banding or extending the scope, meaning people will end up renting the house they bought from the government. Lots of houses, mine included, already pay two lots of council tax. Lots of people, especially those calling for taxes on bigger properties, don't know that.

Renting will become ever more difficult as the increased tax payable by landlords will push up rents and/or push many out of the game. The poor will suffer the most.

[jamesedwards]

My main worry with this tax is fiscal creeping over the years. You can see governments changing the banding or extending the scope, meaning people will end up renting the house they bought from the government. Lots of houses, mine included, already pay two lots of council tax. Lots of people, especially those calling for taxes on bigger properties, don't know that.

That's also the problem with any wealth tax. 2% on £10m+ today becomes 5% on £10k+ tomorrow.

[firlandsfarm]

Renting will become ever more difficult as the increased tax payable by landlords will push up rents and/or push many out of the game. The poor will suffer the most.

Renting does not bypass supply and demand economics. Landlords will only be able to increase rents to what the market will bear. I set my rents at a level that gets fast take-up. I could never see the point of leaving your property empty for a month just to gain an additional £50pm rent when it will take 20 months to recover the rent lost while seeking a new tenant!

[ForFolksSake]

My main worry with this tax is fiscal creeping over the years. You can see governments changing the banding or extending the scope, meaning people will end up renting the house they bought from the government. Lots of houses, mine included, already pay two lots of council tax. Lots of people, especially those calling for taxes on bigger properties, don't know that.

meaning people will end up renting the house they bought from the government.

.
....that's what happens when you get 'Alzeimhers' and have to pay for social care £2k/week

[Tuco]

Renting will become ever more difficult as the increased tax payable by landlords will push up rents and/or push many out of the game. The poor will suffer the most.

...most governments only ever think of one move ahead - not two and never three - and the consequences of their 'single move actions' usually then become a problem for the following government, who then blame the last one for all their difficulties....and so on...

[jamesedwards]

Renting will become ever more difficult as the increased tax payable by landlords will push up rents and/or push many out of the game. The poor will suffer the most.

...most governments only ever think of one move ahead - not two and never three - and the consequences of their 'single move actions' usually then become a problem for the following government, who then blame the last one for all their difficulties....and so on...

This is the fundamental flaw of democracy. A dictator can make the difficult calls now and reap the benefits in the future. A democratically elected Government is only interested in the next election.

[Tuco]

This is the fundamental flaw of democracy. A dictator can make the difficult calls now and reap the benefits in the future. A democratically elected Government is only interested in the next election.

...yep