Member Info for southcoastbather

All the bad smells are back with a drop in share price.... Every bit of a rise is like a good spray of fabreeze....

Only a little 1k top up yesterday spidytroll....

As i said previously - i didn't put the full 50k in - did 20 grand instead at 28p.

Cwwx.... Follow your own advice.

CWWX

Posted in: WIZZ

Posts: 3,239

Price: 1,695.00

No Opinion

RE: Warren Buffett - good advice for you9 Nov 2023 16:07

DavidKov - clueless and pointless.

Bore off elsewhere

John - you should see his posts when the darling glen absolutely battered him.... Had no baIIs to top up and missed out on huge potential.... Whining all day every day for 6 month's about the market being broken.... Bless him.

Bigger picture is target audience has more to spend.

Oh look......

Rishi Sunak confirmed on Monday that tax cuts will be in the Autumn Statement with the priority on businesses. The Prime Minister stressed that he and Chancellor Jeremy Hunt were taking the decision to “cut tax” after having met his goal to halve inflation this year

Hexam ill give you time line....

I mentioned there are potential tax cuts coming....

Wolf piped up and mentioned iht for some reason....

You then immediately got to polishing wolfs sausage....

I then pointed out there were other tax cuts being mentioned....

Those other tax cuts were then named as being highly likely to happen this coming week....

(The fact is you and wolf didn't even bother to check what tax cuts were being mentioned before piping up)

Hexam - i think you will find you are agreeing with me son..... I initially mentioned that tax cuts are coming but wolf and you went off on the iht route.

News just in🤣

Cutting inheritance tax isn’t quite as simple as its proponents suggest

https://ifs.org.uk/articles/cutting-inheritance-tax-isnt-quite-simple-its-proponents-suggest

"southcoastbather

Posted in: BOO

Posts: 4,848

Price: 35.75

No Opinion

RE: Chart pattern18 Nov 2023 12:14

Could be some tax cuts coming...."

Taxes on personal income are set to go down in Wednesday's autumn statement and reduce again in the spring budget, as the chancellor focuses on low and middle income working families.

The Politics at Jack and Sam's podcast, by Sky News and Politico, reveals the overwhelming focus of the autumn statement will be on helping struggling families with the cost of living and boosting growth.

Big Mike is off "ski" ing😉

Https://ifs.org.uk/articles/halving-inheritance-tax-would-give-away-average-ps180000-top-5-estates-death

Figure 2 shows that the fiscal benefits of a tax cut or abolition would be concentrated among the wealthiest. If inheritance tax were cut or abolished in 2024–25, 83% of the fiscal benefit would go to the wealthiest 5%. These people have over £1 million at the time of their death and would each be able to pass on £180,000 more after tax on average if the inheritance tax rate were cut to 20%. There would be no benefit at all to the more than 90% of individuals who would anyway not pay inheritance tax because their wealth is below the tax-free threshold. The top 1% would gain £500,000 on average if the inheritance tax rate were halved.

Don't want to mention that you jumped the gun by assuming iht's were the only tax cuts potentially coming though.

As I stated yesterday.... Potential tax cuts coming...

Also thinking of delaying the iht tax cuts as iht cuts transfer wealth to the rich.... Maybe the rich need to speak to wolf and hexam on how to avoid iht😉

I think holder here would have to agree that the tax cuts being mentioned coupled with interest rate cuts could be good for boohoo?

LONDON, Nov 18 (Reuters) - British finance minister Jeremy Hunt is considering cutting income tax or national insurance for lower and middle earners in his budget update next week, the Sunday Times newspaper reported, citing sources.

Hunt and Prime Minister Rishi Sunak might in addition delay a widely-expected reduction in inheritance tax, in light of criticism that it would effectively transfer large sums to the richest in British society, the newspaper said

https://www.reuters.com/world/uk/uks-hunt-weighs-income-tax-national-insurance-cuts-sunday-times-2023-11-18/

Looks like the interest rate cuts are comin.....

https://www.ft.com/content/18a3ed45-c028-47e5-b29a-bd9388f836ec

Investors bet on earlier interest rate cuts in eurozone and UK

Weak economic data have added to investors’ conviction on ECB and BoE moves next year

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https://www.ft.com/content/18a3ed45-c028-47e5-b29a-bd9388f836ec

However, weaker than expected UK retail sales data on Friday and poor industrial production figures from the eurozone on Thursday have added to market conviction that the three big central banks will each deliver at least three rate cuts next year.

Wolf - I didn't mention iht? - some Mp's are calling for iht to be changed while some Mp's are calling for other tax cuts to stimulate the economy. Who knows what tax cuts will happen hence why I merely said "Could be some tax cuts coming...."

On the subject of iht, it's not quite as simple as planning/spending/gifting...??

If someone has say 1 million in investments and 1 milliion worth of investment properties, if they rely on the proceeds of those investments to live off they cannot simply give it away or gift it as once you do that you yourself are not allowed to benefit from it. (that's what I understand anyway)

You can obviously gift the house you live in and hope you last 7 years!

A lot of people choose to take a policy that covers iht as well.

Could be some tax cuts coming....

Wolf - yes and hexam apparently, by the looks of it🤣

Must be a lack of phone boxes in your area hexam.

Hexam - had anyone followed pipe cleaners posts regarding when to buy and sell they would probably be at 300 percent loss right now.