For Anyone Remotely Interested

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Originally posted by Ardross+Mar 22 2007, 02:12 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Ardross @ Mar 22 2007, 02:12 PM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin-Kathy@Mar 22 2007, 10:56 AM
I got sent this emailthis morning from Moneymail.  Obviously, it could be a lot of nonsense but it's worth a read anyway for anyone trying to make sense of what Uncle Gordon put together with yesterdays budget.
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I assume that this is part of the Daily Mail - to suggest it comes anywhere near a dispassionate intelligent discussion of the budget would be absurd .

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Yawn, yawn, yaWn. A personal hobby horse of yours and so utterly and totally boring, Ardross.

No, it is Moneymail which comes form a weekly publication called Moneyweek. Go on, go and see if you can delve into who publishes this and see if it is anyway connected with The Daily Mail. :rolleyes: then rush back here as fast as your little legs will carry you and be all triumphant.
 
Originally posted by Ardross@Mar 22 2007, 02:12 PM

BTB seems to be spot on to me - I am worried though about the under £17,500 single persons - why should they lose out? They seem to be the one identified losing group.
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I think I'd agree with that.

Just to straighten out a couple of points, I'm not a tax accountant or a Desperate Dan but it seems to me that:

1. Band G for Vehicle Excise Duty (the band that is being hit hard) is not strictly for 4x4s. I believe that only half the cars in this group are actually 4x4. This band is for the cars that emit more than 225 g/km of carbon dioxide and are considered the most polluting. It only includes cars manufactured after 23 March 2006. This probably rules out of Band G maybe 95% of farmers' vehicles certainly judging by the ones in this area. It may even rule out Aldaniti's XTrail as it's only the petrol 4x4 that emits over 225 g/km. The 2.2 diesel emits 203 g/km and would not be in Band G. Effectively, if you're buying a new(ish) car you should check the figures and look at alternatives if necessary.

2. A six figure Inheritance Tax liability would mean an estate in excess of £550k. I think there is 6 months to pay.
 
Originally posted by Bar the Bull@Mar 22 2007, 02:54 PM
It doesn't need to be written by Daily Mail journalists to be a complete load of shite.
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Totally agree but on this occassion it looks like it was written by a completely different publication than Ardross's predicatable slagging off (yet again) of The Daily Mail.
 
Originally posted by archie@Mar 22 2007, 03:46 PM
It only includes cars manufactured after 23 March 2006. This probably rules out of Band G maybe 95% of farmers' vehicles certainly judging by the ones in this area. It may even rule out Aldaniti's XTrail as it's only the petrol 4x4 that emits over 225 g/km. The 2.2 diesel emits 203 g/km and would not be in Band G.
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Thankyou Archie, we do have the diesel version so thats good news! its on a sept 05 plate, we only keep it for 3yrs so come autumn next year we will have a choice of another car, but to be honest we absolutely love the xtrail & would more than likey go for exactly the same :)
 
Originally posted by archie@Mar 22 2007, 02:46 PM
2. A six figure Inheritance Tax liability would mean an estate in excess of £550k. I think there is 6 months to pay.
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Yes - I've made the same calcualtions as you Archie!

So what if you have 6 months to pay? For starters you will be forced to sell the family home in order to pay - and then that's assuming that you will sell it within the 6 months to cough up more cash to be swallowed into the greedy b*astards' coffers.
 
and don't forget you can get charged interest as well. I vaguely remember they give you a date by which you have to pay and then after that they start charging you interest on the unpaid balance. It's absolutely criminal.

I had massive rows with them about the value of the house as well. You have to get 3 valuations done, and they can agree or disagree with them. They use an estate agents valuation just as a guideline but then they decide how much the property is worth.
 
In fairness, Estate Agents can be persuaded to give low estimates. I imagine the Tax Officers would expect nothing else.
 
I had three done Mel, and they didn't believe the state of the house, hence it's low valuation from 3 separate Estate Agents. They wouldn't even come and look at it for themselves either or look at the before and after photos. shrug::

In the end we came to an "arrangement" over the phone as to the final valuation as they wanted to value it AFTER I had done a lot of work on it which I felt was totally unfair. I probably added a few thousand onto the property after about 3 months solid work on it and they wanted to base their calculation on this rather than the value of the house when I "inherited" it.
 
The Daily Mail's financial website is www.thisismoney.co.uk associated with the Daily Mail - Moneymail section.

I am surprised if another publication is using the tag Moneymail sounds like passing off to me .

The thisismoney website in fact gives a far more intelligent and considered analysis of the Budget than the e mail very accurately described by BTB . The front page of the Daily Mail today however is much more akin to the rubbish in the email. Indeed the email and the usual daily Mail style have much in common.

Don't bother trying to pick a fight with me Kathy I am not biting.
 
A bit rich, Ardross?

I'm not biting either BUT please just stop assuming that everything I read or post on this forum is fresh out of The Daily Mail. Nice to see you had to go and check! :D
 
I didn't go and check. I know that Moneymail is the finance section of the Daily Mail my grandmother reads it from time to time - Itry not to when I visit her - it is not good for my blood pressure.
 
Originally posted by archie@Mar 22 2007, 02:46 PM
This probably rules out of Band G maybe 95% of farmers' vehicles certainly judging by the ones in this area.
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But what about when they inevitably have to renew their vehicles Archie?

And my point wasn't confined to farmers - I said agricultural businesses - there are many small business out there who need a healthy rural economy in place to survive and who's key component in their work is their truck eg, vet's, on site farm machinery repairs, scanners, etc.

Increasing the price of red diesel by 2p/litre is a direct hit on the agricultural sector too - one that it patently struggling in many areas, thanks to this Government's complete incompetence re the SFP and their insistence on tightening pre-movement testing without addressing half of the problem. Although I think this will backfire on them soon because there's always a straw that breaks the camel's back and a real groundswell is growing in the farming press about refusing to comply with the latest set of directives issuing from DEFRA!
 
Debates such as this certainly bring out the biased rants! I tend to ignore them but if I may say a couple of things.
1 Shadow Leader, if IHT would be such a financial disaster to yourself and your brother may I, respectfiully, suggest you consult a Financial Adviser. IHT is little more than a voluntary tax. Any half-competent Financial Adviser will advise you how to avoid it. Please don`t believe the rantings of the Daily Mail and the Daily Diana.

2 Kathy. May I,again respectfully, suggest you cancel the Daily Mail and enrol on an Economics night class. To blame Gordon Brown for personal debt and to criticise the level of Government borrowing (compare and contrast with previous governments) given that, from memory, he has repaid vast wodges of the National Debt incurred by previous, mainly Conservative governments, is a bit rich. And to say he is out of his depth....well, words fail me. Even Norman Lamont gave him some grudging praise on Newsnight last night. Never let facts get in the way of a good rant.
 
Originally posted by Desperate Dan@Mar 22 2007, 06:28 PM
Debates such as this certainly bring out the biased rants! I tend to ignore them but if I may say a couple of things.
1 Shadow Leader, if IHT would be such a financial disaster to yourself and your brother may I, respectfiully, suggest you consult a Financial Adviser. IHT is little more than a voluntary tax. Any half-competent Financial Adviser will advise you how to avoid it. Please don`t believe the rantings of the Daily Mail and the Daily Diana.

2 Kathy. May I,again respectfully, suggest you cancel the Daily Mail and enrol on an Economics night class. To blame Gordon Brown for personal debt and to criticise the level of Government borrowing (compare and contrast with previous governments) given that, from memory, he has repaid vast wodges of the National Debt incurred by previous, mainly Conservative governments, is a bit rich. And to say he is out of his depth....well, words fail me. Even Norman Lamont gave him some grudging praise on Newsnight last night. Never let facts get in the way of a good rant.
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:clap:
 
If the Tories get in there will be a bloody internal civil war as the true blue right wing bursts out from under Cameron's touchy feely green veneer.

Fascinating article by Polly Toynbee in the Guardian on Monday shows that Tory local authorities are slashing public services up and down the country

Article
 
:D Ardross has a pop at Daily Mail journalism (and believe me I am no fan) and then miraculously churns out some anti-Tory propaganda from Pravda! Hilarious.
 
betsmate - have you read it ? Toynbee is so highly respected even the Tories say they are following what she says - remember the recent story.

Meanwhile I see that your suggestions about mega inflationaty pressures do not seem to be backed up by anyone else - Kaletsky in The Times in particular sees it as a brief spike.
 
Ardross my point was about you jumping from one extreme to the other.

Re: Inflation. Only time will tell. RPI hit a 15 year high last month and with the Chancellor taxing those factors which are being blamed for the rise, effectively pushing their prices up further I think we have some interesting times ahead. We'll see.
 
I think referring to The Guardian as Pravda is a touch absurd - it is pretty critical of the Government . Indeed , The Sun comes closest to Pravda as it always has to the governments it supports.
 
I was referring to Pravda in the Social Democratic, anti-capitalist sense, as opposed it it being organ of the Soviet state. I think we are off-topic. :)
 
A quick Google of the words "Brown and Borrowing" brought me this. From the BBC NOT FROM THE DAILY MAIL - but that could all be poppycock too. I am not comparing this government with the last government, those facts speak for themselves. Brown is building up a disaster and I hope to God the next government realises what they are taking on. I have even said on this thread I don't care who gets in as long as this lot are thrown out.


Cracks are appearing

Mr Brown's increasingly human face may appeal to voters and could put him in good stead to succeed Tony Blair as Prime Minister. But his softer touch on the economy has been much less warmly welcomed.

His critics insist that the UK has not escaped unscathed from the recent hits to the world economy after all. Instead, problems have been stored up for the future, the chancellor having responded by increasing government borrowing in order to boost spending and the Bank of England responding by cutting interest rates from 6% in 2001 to a low of 3.5% in 2003, thereby boosting consumer spending.

Hence, Mr Brown has moved from borrowing virtually nothing during his first year in office to borrow £23bn in 2002-3 and £33bn in 2003-4.

Critics point out that Britain's balance of payments is widening too, with the current account deficit reaching £19bn last year: This is low when compared with the late 1980s, but a concern to some nevertheless.

Future problems

Even critics accept that the loosening of both fiscal and monetary policy have helped bolster the UK economy, but with consumer debts approaching a trillion pounds and with the housing market potentially overheating the risks are great.

The cost of avoiding small-scale recessions in the short run could well lead to a major hit if and when the borrowing bubble or the housing market burst, doomsayers insist.

Also, the vast increase in public investment has not been matched by business investment which has fallen to less than 10% of gross domestic product (GDP) from 15% at its peak during the 1980s.

Moreover, critics insist that in areas where Mr Brown has indeed been successful, he would be wrong to take all the credit himself.

They say that much of the UK's success in recent years could be attributed to the structural economic reforms - such as the privatisation of public companies, the deregulation of industry and the curbing of the powers of trade unions - and many of these reforms were set in train by the former Conservative Prime Minister Margaret Thatcher.

Critics insist Mr Brown should have built on the structural changes and the productivity improvements seen in the private sector by implementing similar reforms in the public sector to raise productivity there as well.

With regards to overall productivity, the UK has improved relative to Germany and France, but still lags the US, a fact often pointed out by some critics.

If I had the time or inclanation I would post up a few more interesting facts about Brown and his current borrowing.<span style='color:red'>
As for a lesson in economics Desperate, thanks but no thanks. I think I know all I need to. Clearly you will dispute that, but save your typing. Like Blair said, I ain't bovvered !</span> :D
 
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