[Abernathy]

I’ve only recently just picked up on Liz Kershaw appearing to make an absolute arse of herself just recently. Is it an actual thing ?

[Tubby Isaacs]

Correct, she’s talking out of her backside as usual. Very prosperous rural catchment area, popular with old rock stars like Ray Davies. Saffron Walden is well connected by rail and bus, her constituency is not rural Norfolk or the Fens where you’re well fucked without a car.

Here's somebody who should know what they're talking about- the (now former) Mayor of Saffron Walden.

https://www.saffronwaldenreporter.co.uk ... privation/

Who makes the point that there's deprivation on one side of the town where all the social housing was built back in the day.

Worth looking too at how the deprivation ranking breaks down. By far the worst category is "Access to housing and services".

Anything Kemi could do about that? Got to be better than saying "Climate change, fuck it".

[mattomac]

Monkey tennis.

He cut the comms guru, very evident from his speech, did someone else leave who tells him not to be silly when he dreams this stuff up.

The real Rishi seems to be an absolute shite hawk.

[Malcolm Armsteen]

Remember when he boasted to his base that he had 'redistributed' funding from deprived areas to Tory shires? That's the measure of the thing.

[The Weeping Angel]

[Watchman]

Going back to Little Rishi’s green agenda, I was pondering; what happens re all the “subsidies” (bungs) to build factories making batteries for the new generation electric cars, will they have to pay it back?, or if they carry on, will the only place they can make these batteries for be continental manufacturers, but will they then be faced with Brexit level export requirements. Also, what about money to father-in-law’s mates aka Tata, to buy eco-friendly furnaces (which they should be buying from their profits in the first place)

[Youngian]

https://fb.watch/nelzvtoMbx/

[Andy McDandy]

Another reset? If he was a DVD you'd have binned it.

[Yug]

Which bin? There's seven to choose from, apparently.

[Andy McDandy]

That's what I love about this forum. You set up the feedline and you know someone will come in with the punchline.

[Tubby Isaacs]

Yep.

[davidjay]

I'm now convinced that they're destroying anything and everything in an attempt to make Labour's job impossible.

[Youngian]

Numbers guy Rishi has identified the major economic problem facing the nation, families with asset wealth aren’t rich enough. Luckily Sunak’s so discredited because once this policy goes through the Fleet Street mangler it becomes ‘Labour will take your house away.’

UK Prime Minister Rishi Sunak plans to reduce the nation’s inheritance tax to drum up support ahead of the next general election, The Times reported Saturday.

Sunak will probably announce the plans before next month’s Conservative Party conference, according to the paper. The tax talks are happening at the highest level of government, The Times reported, citing three people it didn’t identify.

Inheritance tax is now 40% for estates worth more than £325,000 ($400,000), with an extra £175,000 allowance toward a main residence if it’s passed to children or grandchildren, The Times reported. https://www.bloomberg.com/news/articles ... #xj4y7vzkg

[kreuzberger]

They have been saving up that zinger for years, haven't they? They know that the 325,000 figure will be lucky to make it in to Para 19.

[Tubby Isaacs]

Numbers guy Rishi has identified the major economic problem facing the nation, families with asset wealth aren’t rich enough. Luckily Sunak’s so discredited because once this policy goes through the Fleet Street mangler it becomes ‘Labour will take your house away.’

UK Prime Minister Rishi Sunak plans to reduce the nation’s inheritance tax to drum up support ahead of the next general election, The Times reported Saturday.

Sunak will probably announce the plans before next month’s Conservative Party conference, according to the paper. The tax talks are happening at the highest level of government, The Times reported, citing three people it didn’t identify.

Inheritance tax is now 40% for estates worth more than £325,000 ($400,000), with an extra £175,000 allowance toward a main residence if it’s passed to children or grandchildren, The Times reported. https://www.bloomberg.com/news/articles ... #xj4y7vzkg

I haven't got any kids. I suppose any inheritance would go to my nephews and their kids. Not that it's something I worry about a lot, but why should I pay a higher rate of interitance tax that somebody with kids?

Inheritance tax as it stands is pretty badly designed (doubtless deliberately) with richer people paying a lower effective rate than people with £325,000 houses. (This is purely inhertiance tax I'm talking about, not trusts or anything like that). Why not change that?

[Tubby Isaacs]

[davidjay]

This idea that you shouldn't pay tax on money that's already been taxed. Can I say that next time I buy something that's got VAT added?

[Tubby Isaacs]

This idea that you shouldn't pay tax on money that's already been taxed. Can I say that next time I buy something that's got VAT added?

Or indeed the next time you pay council tax.

[Abernathy]

Plus of course, it isn’t the person leaving the legacy who is being taxed -how can they be? They are dead.

Inheritance tax (in the small number of cases where it is applicable) is, in effect, paid by the inheritor.
It mostly means that a beneficiary gets a slightly smaller legacy than they were expecting to get. Property inheritance where the property must be immediately sold in order to pay the inheritance tax is probably the one area that might need a re-think.

[Youngian]

And there’s tacky tax scams available like selling the mansion to the kids for peanuts and carry on living as a tenant until death.