Member Info for Gunsup

Onlyif..

You hit the nail on the head there Bros..👌

Raise the pension and get rid of the freebies. Freebies it seem has the habit of disappearing...😂😂

Ant

No doubt that the benefits set up is over complex, picking one out for the chop is a bit odd.. I would be going much further.. Need a calculator to work out who get free this and that free and in some case it adds up to a fair whack..

A-Z list... Simplify this long overdue...

https://www.benefitsguide.co.uk/a-z-of-all-benefits/

Dust

Bros The tax man he had his pound of flesh from the banks no doubt.. Taxes in Uk much higher than in the Europe and much higher than USA where the banking sector thrived...

https://www.gov.uk/government/statistics/paye-and-corporate-tax-receipts-from-the-banking-sector-2023/paye-and-corporate-tax-receipts-from-the-banking-sector-2023

Chart 1 shows that total PAYE, CT, Bank Levy and Bank Surcharge receipts from the banking sector were £33.8 billion in financial year 2022 to 2023 which is an increase of £2.6 billion (8%) compared with the previous year

MV

As Thomas fuller he write

"'The darkest hour is just before the dawn"..

Has Mr Buffet played a blinder with his sell offs? Whatever the problem always money to be made.. As I say earlier Mr Soros son paid a visit to Ukraine. A lot of money resting on the result..

Where there is a problem there is also an opportunity

MV

There is a hint of surprise there. Why?. We know the score here..

Still bigger issues at play here. War in Ukraine not going well and the stakes certainly higher along with the cost of war weapons and the collateral damage to EU industries.

Middle east a powder keg and someone has found the box of matches.

Some economies despite the rhetoric going down the pan. Powell hit the panic button this month and who know what happen. If dollar weaken against major currencies all kind of problems.

As for the markets.. I not see a lot of upside..

Dorf

Exactly that one bros..

Experts have got us into this mess..😂😂😂

Will this Govt turn out to be the most devious since Blair? I would wager it may turn out to be..

Morning Bros.

This guy from the money talk matters channel gives a good breakdown of what we know and what may be proposed in the budget and the rationale behind it. Property enveloping is an interesting maybe..

https://www.youtube.com/watch?v=CuiNg5hUFPM

MV

....................Lets do mention the House of Lords..

"The Government will begin the process of removing hereditary peers from the House of Lords on Thursday, as it introduces legislation to reform the upper chamber.

Abolishing the 92 seats reserved for hereditary peers was one of Labour’s manifesto commitments, and is expected to be followed by the imposition of a retirement age of 80 on members of the Lords"..

Long overdue this one...

TFE

"The UK ISA was an effort by the last government to try and create more interest/growth in the UK market"..

While at the same time slashing the CGT allowance to a pathetic £3K... Taper relief it went a long time ago..😒

Plenty of other options. Cut stamp duty on share purchases etc..

But more important is the tangible businesses , bricks and mortar and high taxes on businesses they certainly not help. Even the Uk banks pay more taxes than those elsewhere in the world..

TFE

Chinese they big player..Tou Ying Tracker

2023 number of companies 970

Aggregate revenue £116.4 billion

Employees 59,155

2021 companies 845

Aggregate revenue £63 billion

Employees 61,000

Don't write of the UK just yet...

Still a tricky one this.

George Soros , Alex, son paid a visit.. So why was this? Then by coincidence 9 top officials they get the push by Zelensky..

What his troop they doing in Kursk goodness knows as the Donbass is being steamrolled..

Certainly a dangerous game being played there.

TFE

"have at least 75% of their assets in UK-listed companies, or bonds of UK-listed companies and gilts"

Respect.. But as far as I am aware nothing had been finalised and that was only an initial suggestion... More info in this one..

https://generationmoney.co.uk/british-isa/

Evening Bros.

I would agree with the Govt re this the UK ISA.

What is a uk company?

Anthony..

For sure when you say "The political system is broken"..

Our politicians are useless they waste money on a whim.

BJ when he got a bee in the bonnet about obesity. he should be knowing..

Tens of millions wasted on various schemes yet not one got near the real problem. The quality of our food.

Dorf

"How will this impact all those people moving house on a Friday lunchtime when huge amounts of funds need to be moved on the day"?

Good job you are on the ball because I would be betting those earning millions would not of though of that one...

Fraud is costing the banks almost £1bn a year...

Check this one out..

"Mandatory rules will come into force from October 7, requiring banks to reimburse customers who are victims of bank transfer scams unless the customer has been grossly negligent.

The previous maximum reimbursement value had been set at £415,000 under the plans.

But on Wednesday, the Payment Systems Regulator (PSR) announced a consultation into a new lower cap, set at £85,000".

Banks be happy with that one plus soon large payment can be held in system for 4 days..

https://www.telegraph.co.uk/money/banking/banks-handed-new-power-block-large-payments-four-days/

Tav

Pensions. The Govt of all colours have form.

My dad he still go on a bout Equitable life. You hear nothing now, so that one in the long grass.

WASPI see what happen

Pushing up the retirement age is a wicked move

Increasing number of years of the contributions.. Again its the theft in the plain sight..

Yes a myriad of the things that could be cut back on. But this is the low hanging fruit and you not miss what you not had..

Grenfell report out today... Expensive this one. already slammed is the £340 million cost of maintaining the structure and delivering a memorial....

So we had the meeting with the Mr Jerome Powell and all the top experts. What we learn? Rates set to pivot. Hope for a soft landing blah blah blah.. You know what I am saying.

Funny thing was though in the same small town at the same time was the Wyoming Blockchain Symposium..

Coincidence?

Wyoming interesting place as last year on March 17, 2023, to be the exact Wyoming became the first state to enact a bill allowing it to create its own stablecoin..

An individual stable token is a virtual currency representation of US $1. etc etc..

Maybe we be seeing programmable crypto sooner than we think..

Trojan

Respect

Iran is being bankrupted that is true.. With the debts circa $68billion... In doing so the USA has made a bitter enemy.

But if debt is your benchmark then the US is over $35 trillion. The uk some £3trillion.

----------------------------------

MV.. Given that we have failed to trained enough of our own key skills workers the Govt is actively poaching staff often from countries that need them more than us. 100 nurses from Nepal. From India alone we have over 20,000 doctors working in the Uk.. Our university system is reliant on foreign students in particular from China..

MV

"Brics are just basket case"

Respect but If only that were true.

I think you will find it is the fiat based economies that are the basket case and sadly we are one of them..

Apart from Brazil, India, China and South Africa theres is now Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates and Turkey applying to join..

Thats over half the worlds population

Check this one.

Turkey formally asking join BRICS

https://www.euractiv.com/section/global-europe/news/nato-member-turkey-to-request-membership-of-russia-led-brics/

So what happen when Fed pivot on rates and dollars days as the reserve currency numbered ? Where gold going to go?