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A very interesting article DU - Has anyone told Ed.

Quietly confident

Icecool

People pay into pensions because they benefit from the tax relief on entry and (currently) 25% (max £268k) cash tax free when drawn. disadvantage cannot be drawn until age 55 being extended to 58 shortly.

People pay into an ISA (MAX £20K per annum) out of net pay - advantage funds readily available.

Business Secretary has admitted. Carmakers have temporarily halted sales to customers as the industry grapples with a motor finance scandal feared to be "bigger than PPI"

Budget punters leaving the bus, to be expected.

Finally, more on the budget later as companies work their numbers on the tax rates. But whilst initial thoughts that it wasn’t as bad as it might have been, it really does hit economics and makes it a less enticing place for potential investors.

Indeed, the Government might have a particularly unlikely treble up, bringing forward decommissioning with all that is needed in costs to them, as well as reducing the tax take from the North Sea and then with less production having to bow and scrape to Dictators and Despots to buy their lower quality, higher carbon hydrocarbons for our own population. You couldn’t make it up and we are the laughing stock of the energy world…

"But at least they do invite commentary as to how factors such as transport and refining emissions should be factored in".

I wonder if they consider this when we have to import the alternative to NS oil.

"Lloyds suspends commission payments" - Oh dear, guilty as charged.

Thanks for that response DU, hope you are keeping well, it would also be good to hear what Jim thinks, now that we have some clarity.

Expect the brokers opinions will appear shortly.

Having announced a 50% cut in annual expenditure I hope todays news does NOT result in the BOD paying themselves large Christmas bonuses, or small ones come to that.

"Was in for just 90 mins, now fully out."

So can you now go and play somewhere else, maybe come back when the next crisis arises.

The only winners in todays budget will be the workers in the public sector and those in those minimum wage bands. I can see ISA's being attacked by the reduction in the annual £20k allowance in a similar fashion to the CGT allowance (reduced from £12k+ to £3k over a couple of years). In time the increase in employers NI coupled with the minimum wage increases will ruin many small businesses and speed up cost saving measures at many larger organisations. Thereafter many pay disputes will arise as employees demand restoration of pay differentials. Then on to transport, I think 5p that fuel duty was reduced during the energy crisis will be reinstated with the possibility of a little more. There may be some tax levied on EV's

The outcome a declining £ and inflation and interest rates remaining elevated - Time to hear what Rachel Reeves has to say.

Https://on.ft.com/48n3LYd

That 7am RNS is the "we told you so " warning - was there a need for it?. All they need now is for Reeves to come up with another bright idea, raising more from banks.

I have both of these emotions in abundance - however I cannot justify throwing more money at this (yet), fearful, yes but not so much as to walk away, I will stick it out until the end, whatever.

No smoke without fire - and a budget to follow.

Close Bros are appealing that court decision, if they fail in their appeal they and Lloyds could face material claims in the car leasing fiasco.

That next weeks budget will be another "Liz Truss" moment, were the Markets take fright, sterling crashes and someone has to resign - we live in hope.

Sir Kier Starmer said on Thursday that anyone who owns shares and rental property is not a "working person"

Some Oil stocks hitting new 12 month lows awaiting details promised in the budget - but wait a minute there are also a few companies in the "green" sector who the government consider will replace the oil sector and lead the country to the promised land also hitting new 12 month lows - What is going on, and how will it all end - Rachel and Ed may well be asking the same question - noted the government yesterday, asked for ideas as to how to sort out the NHS. This is going to be a long hard 5 years.

Dear oh dear, what is happening here - it all looked so promising it now looks as if it is heading for the wall, has Haggis emigrated yet.