Rising cost of living

[papa smurf]

Originally Posted by Sephiroth

My HSBC Online Bonus Saver is paying 3%.

Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest

[Mr K]

Originally Posted by papa smurf

Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest

10k limit on the HSBC Online Saver, more than that and they pay 0.5%. Not enough for my millions unfortunately...

[Julian]

The limp dumbs are priceless aren't they.

Suggesting that people with mortgages should be given government help!

Pretty sure no mortgage adviser suggested the interest rate would never go up.

The idiotic, uncontrolled splashing of cash during covid means people now think the state will pay for anything.

[papa smurf]

Originally Posted by Mr K

10k limit on the HSBC Online Saver, more than that and they pay 0.5%. Not enough for my millions unfortunately...

Yea my santander account only pays out on the first £20k and bugger all on the rest.

[Sephiroth]

Originally Posted by papa smurf

Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest

£10,000 and then 0.75%.

[Mr K]

Originally Posted by Sephiroth

£10,000 and then 0.75%.

Nope, its 0.5% over £10k.

[Sephiroth]

Originally Posted by Mr K

Nope, its 0.5% over £10k.

HSBC: 0.75% over £10K. https://www.hsbc.co.uk/savings/interest-rates/

[Mr K]

Originally Posted by Sephiroth

HSBC: 0.75% over £10K. https://www.hsbc.co.uk/savings/interest-rates/

Fair enough, I stand corrected !
It's 0.5% if you're cheeky enough to withdraw anything in a month.

Whichever way its a lot less than the 10% inflation atm.

[jfman]

Originally Posted by Julian

The limp dumbs are priceless aren't they.

Suggesting that people with mortgages should be given government help!

Pretty sure no mortgage adviser suggested the interest rate would never go up.

The idiotic, uncontrolled splashing of cash during covid means people now think the state will pay for anything.

It’s the fact the state has never paid for anything that’s put us in this £3 trillion mess.

[papa smurf]

Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.

People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.

Last year the Treasury warned that “new sources of revenue” would be needed as the country switches to EVs. Fuel duty and VED raise about £35bn for the exchequer but the Office for Budget Responsibility has forecast that the growing share of electric car sales would cut motoring tax revenues by £2.1bn by 2026-27.

https://www.ft.com/content/405467f9-...8-2582890e7820
ooh heck never saw that coming

[heero_yuy]

I don't suppose it will be long before the electricity for EV's will be subject to extra tax as well.

Motorist is always the milchcow.

[Pierre]

Originally Posted by papa smurf

Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.

People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.

Last year the Treasury warned that “new sources of revenue” would be needed as the country switches to EVs. Fuel duty and VED raise about £35bn for the exchequer but the Office for Budget Responsibility has forecast that the growing share of electric car sales would cut motoring tax revenues by £2.1bn by 2026-27.

https://www.ft.com/content/405467f9-...8-2582890e7820
ooh heck never saw that coming

Road pricing is the only sensible way forward. You pay for the mileage you do.

There will have to be various caveats in-built into any system to cover lack of public transport, business etc.

[mrmistoffelees]

Originally Posted by Pierre

Road pricing is the only sensible way forward. You pay for the mileage you do.

There will have to be various caveats in-built into any system to cover lack of public transport, business etc.

Makes sense to a degree, bet you it includes where and when as well though

Originally Posted by Pierre

Road pricing is the only sensible way forward. You pay for the mileage you do.

In practical terms, how would you implement such a PAYG system ?

[Mr K]

Originally Posted by Paul

In practical terms, how would you implement such a PAYG system ?

Bung all the tax on fuel?
Not sure how they'd charge for electric vehicles.