Member Info for johnson36

Overall, our prediction would be a 10pc fall in the value of London’s international firms and a 20pc fall in domestic stocks, taking the market as a whole, in broad terms, down by 15pc. The combined value of the FTSE All Share index is about £2.5 trillion, so a 15pc fall would wipe about £375bn from the value of London-listed shares.

The overall effect of Labour’s various plans, which also include rises in dividend taxes, could well be so great that a prediction of a 15pc fall in share prices seems conservative.

https://www.telegraph.co.uk/investing/shares/questor-labours-plans-would-wipe-375bn-value-london-stocks/

Is this one reason why SP is falling today ?

'Use it or lose it' property developer tax
We will use public land to build this housing, not sell it off to the highest
bidder. Developers will face new ‘use it or lose it’ taxes on stalled housing developments. We will keep the Land Registry in public hands, and make ownership of land more transparent. We will make brownfield sites the priority for development and protect the green belt.

https://www.bbc.com/news/election-2019-50497288

The Conservatives will also announce a number of policies alongside their million homes pledge, which includes an overhaul of the planning system.
A future Tory government would not use public money to build the houses, but pursue policies that they believe will encourage the private sector to build more.
The party will promise to introduce a new mortgage with long-term fixed rates, and only needing a 5% deposit, to help renters buy their first homes.

Now that sounds good for us.

Can it be done ? Only 165,090 new houses were built in 2018, only 3000 were council houses.

https://www.bbc.co.uk/news/election-2019-50496700

Jeremy Corbyn will promise the biggest affordable house building programme since the 1960s, including 100,000 new council houses a year by 2024

Mr Corbyn will also promise 50,000 "genuinely affordable homes" a year to be offered through Housing Associations - scrapping the current definition of affordable and replacing it with one linked to local incomes.

https://www.telegraph.co.uk/business/2019/11/20/taylor-wimpey-boss-pete-redfern-flogs-nearly-4m-shares/

Taylor Wimpey chief cashes in almost £4m of shares.

£4 mill ???

https://www.ft.com/content/bf361150-0b75-11ea-b2d6-9bf4d1957a67

https://uk.finance.yahoo.com/news/labour-free-broadband-threat-bt-155431434.html

https://uk.finance.yahoo.com/news/labour-free-broadband-threat-bt-155431434.html

Fusion

No problem Corbyn getting the Broadband done but he wouldnt need to give it out for free. Likewise we don't get free petrol and free electric and water. We don't need it Free. I've never woke up one day, put my computer on, bought and sold some shares, checked my emails then thought ' I think I should get this broadband for free'. The guy is a complete nutcase.

I understand what you are saying. I just don't understand why he wants to make it free along with all his other freebies. Broadband is not hugely expensive. If you say it is a good thing to Nationalise Openreach then I believe you, but he should collect the revenue from it otherwise it's a hell of a cost going forward. Everyone that is paying for it today will quite happily pay Corbyn for it. Why give done thing away free that doesn't need to be ?. What next Nationalise BP and give everyone £30 worth or free petrol a month ?

Why didn't Corbyn just say that he would Nationalise BT openreach and finish rolling out high speed broadband much quicker than BT are doing it.
Why did he have to promise to give it free to everyone and every business ? That means companies like Amazon will get it free, right ?. An absolutely ridiculous promise. As well as the cost of doing it, what about the loss of corporation tax that the HMRC Currently collects on the whole of the UKs broadband payments. Also what about the job losses at the other broadband providers ?.

Unit put the total cost of compensation to private sector owners at just £49.7bn – around a quarter of the widely quoted £196bn price tag calculated by the CBI last month, which also covered rail.

They think are going to buy National rail network + National Grid + Water + Royal Mail for a total of just giving £50 billion to shareholders. Lol.

I am looking forward to see the manifesto next week. Look at these numbers.

https://www.independent.co.uk/news/uk/politics/nationalise-royal-mail-energy-water-savings-bills-national-grid-a9203636.html

AW100

LOL.. I bet a lot of people have thought about it but like you say it is the getting caught bit that sucks.

NigeCo

TESSA (tax-exempt special savings account) started in January 1991, these were replaced by ISA's in April 1999 and the money was allowed to be transferred into an ISA . Many many thousands of people have these Share ISA's .
There would be uproar in the Country if he tried to cancel these tax free savings accounts.
The pay in allowance might not go up from £20k and im ok with that but cancelling the tax free ISA status would not be possible. For some people these are their pensions.

John McDonnell is talking on BBC news now. What an idiot he is.
Two days ago he was going on about how the Conservatives haven't done enough to combat Tax Avoidance. Does the idiot not reaslise Tax avoidance is perfectly Legal and I am sure he is taking part in it. I certainly am because I have a Share ISA with 7 years full payments + profits + dividends in it.