Liz Truss Resigns [Who'll be the next Prime Minister?]
20-09-2022, 20:02
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#271
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Woke and proud !
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Paul
She'll likely stay in power until the next election.
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Great news for the opposition.
Dizzie Lizzie now says we wont even begin negotiations on a trade deal with the US for years It was all supposed to be so easy....
https://www.telegraph.co.uk/politics...de-deal-years/
Meanwhile UK plc goes down the pan. You get what you vote for.
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20-09-2022, 22:49
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#272
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Remoaner
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Re: New Prime Minister: Liz Truss
Stamp Duty looks to be cut alongside the NI cut, the corporation tax cut and the income tax cut.
Really quite a dramatic program of tax cuts and spending at the same time. Wasn't sure she could go though with it during the leadership campaign.
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21-09-2022, 22:52
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#273
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cf.geek
Join Date: Sep 2022
Posts: 605
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Damien
Stamp Duty looks to be cut alongside the NI cut, the corporation tax cut and the income tax cut.
Really quite a dramatic program of tax cuts and spending at the same time. Wasn't sure she could go though with it during the leadership campaign.
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If she adds increasing the LTA, then that will be really great!
Last edited by Ms NTL; 21-09-2022 at 23:26.
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22-09-2022, 12:36
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#274
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Ms NTL
If she adds increasing the LTA, then that will be really great!
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I don't know what the LTA is but what's increasing today is interest rates.
Quote:
The Bank of England (BoE) has hiked interest rates by a further 0.5 per cent, bringing it to 2.25 per cent, and indicated that the country is already in a recession.
The hike, the biggest since November 2008, is the BoE’s seventh in a row in a continued attempt to tame soaring prices and inflation. It takes borrowing costs to the highest level since the global financial crisis.
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https://inews.co.uk/inews-lifestyle/...elated_stories
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22-09-2022, 12:42
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#275
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Sulking in the Corner
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Re: New Prime Minister: Liz Truss
Pension Lifetime Allowance, I reckon.
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22-09-2022, 15:48
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#276
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cf.geek
Join Date: Sep 2022
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Sephiroth
Pension Lifetime Allowance, I reckon.
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That's correct!
Confirmed: NI increase 1.25% scrapped from 6-th of November.
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22-09-2022, 21:00
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#277
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Woke and proud !
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Ms NTL
That's correct!
Confirmed: NI increase 1.25% scrapped from 6-th of November.
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So the NHS and social care, which is what it was intended for, can go swing.
False economy folks paid for by borrowing, to be paid back by us all with interest later. Bleeding socialists.
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23-09-2022, 10:02
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#278
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Remoaner
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Re: New Prime Minister: Liz Truss
45% tax rate abolished.
Basic rate from 20% to 19%
NI rise cancelled.
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23-09-2022, 10:16
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#279
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Architect of Ideas
Join Date: Dec 2004
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Re: New Prime Minister: Liz Truss
They've found the magic money tree.
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23-09-2022, 10:20
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#280
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vox populi vox dei
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Re: New Prime Minister: Liz Truss
Did he mention pensioners? i may have nodded off.
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23-09-2022, 10:24
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#281
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Remoaner
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by papa smurf
Did he mention pensioners? i may have nodded off.
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No although they'll benefit from the 1% income tax cut if they have a private pension in addition to the state one.
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23-09-2022, 10:25
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#282
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The Invisible Woman
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Damien
No although they'll benefit from the 1% income tax cut if they have a private pension in addition to the state one.
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If!
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23-09-2022, 10:29
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#283
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vox populi vox dei
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Re: New Prime Minister: Liz Truss
i would have thought raising the standard Personal Allowance from £12,570, would have helped the poorest in society.
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23-09-2022, 10:30
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#284
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Remoaner
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Re: New Prime Minister: Liz Truss
Even it won't be much in terms of actual cash in the pocket i don't think unless you have a very good pension.
I am not sure they were ever likely to offer much though. Each year they maintain the triple-lock is a good one for pensioners really, that was almost at risk this year.
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23-09-2022, 10:41
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#285
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Still alive and fighting
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by jfman
They've found the magic money tree.
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Strange how that suddenly appears in the last 2 years of the electoral cycle.
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