ltdgas
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Post by ltdgas on Oct 18, 2024 15:41:03 GMT
More than 100 Muslim Labour councillors demand Keir Starmer immediately halts arms sales to Israel 18 October 2024, 08:06 | Updated: 18 October 2024, 08:14 Over 100 Muslim Labour councillors demand Keir Starmer immediately halts arms sales to Israel. Over 100 Muslim Labour councillors demand Keir Starmer immediately halts arms sales to Israel. Picture: Alamy/Getty LBC can reveal that 114 Muslim Labour councillors have written to the Prime Minister calling for an immediate arms embargo to Israel. Even the commie infested lbc radio channel are ( shocked ) reporting it !! You posted that before. Yes and you tried to discredit it , so I posted the commie infested lbc linc for you , or are they not now a Factual link 😂😂😂😂😂, are you not getting fed up slowly sinking in quick sand Next time maybe think of something original , comrade Cheshire tried the discredit route and he failed 🙄🙄, I will continue to post up the utter s**t show these vile shysters are putting on us , you’ll just have to own the fact you and your comrade mates put us here 🙄🙄
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Post by baldrick on Oct 18, 2024 15:44:40 GMT
Yes and you tried to discredit it , so I posted the commie infested lbc linc for you , or are they not now a Factual link 😂😂😂😂😂, are you not getting fed up slowly sinking in quick sand Next time maybe think of something original , comrade Cheshire tried the discredit route and he failed 🙄🙄, I will continue to post up the utter s**t show these vile shysters are putting on us , you’ll just have to own the fact you and your comrade mates put us here 🙄🙄 Tried? Think you do a good enough job yourself. 😘
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ltdgas
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Post by ltdgas on Oct 18, 2024 15:58:00 GMT
Yes and you tried to discredit it , so I posted the commie infested lbc linc for you , or are they not now a Factual link 😂😂😂😂😂, are you not getting fed up slowly sinking in quick sand Next time maybe think of something original , comrade Cheshire tried the discredit route and he failed 🙄🙄, I will continue to post up the utter s**t show these vile shysters are putting on us , you’ll just have to own the fact you and your comrade mates put us here 🙄🙄 Tried? Think you do a good enough job yourself. 😘 Is comrade Cheshire pulling your strings , I’ve seen all this attempted discredit stuff before Try shouting , can you not call me a Commie & it’ll confirm I’m right !!
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:04:06 GMT
Inheritance tax increases expected in Budget Chancellor Rachel Reeves during the International Investment Summit at the Guildhall IMAGE SOURCE, GETTY IMAGES Article information Author, Vicki Young, Henry Zeffman and Chris Mason Role, BBC News 17 October 2024 The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple changes to the tax, which currently includes several exemptions and reliefs. Inheritance tax is charged at 40% on the property, possessions and money of somebody who has died above the £325,000 threshold. It raises about £7bn a year for the government. Around 4% of deaths result in an inheritance tax charge. The tax includes a series of exemptions which over the years several governments have considered changing in order to raise more money. It is thought changes to a number of these are under consideration. Current exemptions and reliefs include rules around gifts that are given while you are alive. If a person gives away more than £325,000 in cash or gifts but dies within seven years, recipients could be liable to pay inheritance tax. There is also Business Relief for Inheritance Tax, and Agricultural Relief, which allows land or pasture that is used to grow crops or to rear animals to be free of Inheritance Tax. It is not known what changes will be made in the Budget on Wednesday, 30 October. Reeves eyeing £40bn in tax rises and spending cuts 16 October 2024 What is inheritance tax and who pays it? 5 hours ago What taxes might be raised in the Budget? 29 August 2024 A spokesman for the Treasury told the BBC: “We do not comment on speculation around tax changes outside of fiscal events.” Ministers are attempting to plug what they claim is a £40bn shortfall between what they want to spend and the amount of tax they expect to collect. Government sources say it is vital there is a “reset in the public finances” and are keen to emphasise what they see as the “scale of the challenge". This can be seen as part of the expectation management ahead of Rachel Reeves’ address. Most new governments put up taxes immediately after a general election. The Budget is expected to be billed as “Fixing the Foundations to Deliver Change". Both the prime minister and the chancellor have already appeared in front of lecterns branded “Fixing the Foundations” – an attempt to highlight what they claim is the mess they inherited from the Conservatives. No doubt to pay for all the hotels there now trying to find are saying it costs to much on the election campaign 🙄🙄
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:08:13 GMT
Labour’s latest U-Turn: Migrant hotels to reopen - costing taxpayers £4m per day 16 October 2024, 12:42 | Updated: 16 October 2024, 14:12 😂😂😂😂😂😂😂incompetent is a understatement with these bunch of shysters 🙄🙄
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:11:52 GMT
The government says "radical" reform of the system for getting people off sick back into work will help it slash the welfare bill. 🙄🙄, imagine the outrage from the commies of the tories had decided to boot people out of there sick bed , shameful
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Post by baldrick on Oct 18, 2024 16:13:30 GMT
Tried? Think you do a good enough job yourself. 😘 Is comrade Cheshire pulling your strings , I’ve seen all this attempted discredit stuff before Try shouting , can you not call me a Commie & it’ll confirm I’m right !! You are very funny, keep it up. 👍
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:18:10 GMT
Tories trounce Labour in yet another by-election as Keir Starmer's woes continue
It's the latest in a string of councillor by-election losses for Labour with the Tory candidate saying he "can't wait to get started". I can’t wait , 3 months of these shysters is enough for anyone 🙄🙄
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:24:03 GMT
Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts
Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor Fighting like rats in a sack !!
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Post by francegas on Oct 18, 2024 16:40:24 GMT
Inheritance tax increases expected in Budget Chancellor Rachel Reeves during the International Investment Summit at the Guildhall IMAGE SOURCE, GETTY IMAGES Article information Author, Vicki Young, Henry Zeffman and Chris Mason Role, BBC News 17 October 2024 The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple changes to the tax, which currently includes several exemptions and reliefs. Inheritance tax is charged at 40% on the property, possessions and money of somebody who has died above the £325,000 threshold. It raises about £7bn a year for the government. Around 4% of deaths result in an inheritance tax charge. The tax includes a series of exemptions which over the years several governments have considered changing in order to raise more money. It is thought changes to a number of these are under consideration. Current exemptions and reliefs include rules around gifts that are given while you are alive. If a person gives away more than £325,000 in cash or gifts but dies within seven years, recipients could be liable to pay inheritance tax. There is also Business Relief for Inheritance Tax, and Agricultural Relief, which allows land or pasture that is used to grow crops or to rear animals to be free of Inheritance Tax. It is not known what changes will be made in the Budget on Wednesday, 30 October. Reeves eyeing £40bn in tax rises and spending cuts 16 October 2024 What is inheritance tax and who pays it? 5 hours ago What taxes might be raised in the Budget? 29 August 2024 A spokesman for the Treasury told the BBC: “We do not comment on speculation around tax changes outside of fiscal events.” Ministers are attempting to plug what they claim is a £40bn shortfall between what they want to spend and the amount of tax they expect to collect. Government sources say it is vital there is a “reset in the public finances” and are keen to emphasise what they see as the “scale of the challenge". This can be seen as part of the expectation management ahead of Rachel Reeves’ address. Most new governments put up taxes immediately after a general election. The Budget is expected to be billed as “Fixing the Foundations to Deliver Change". Both the prime minister and the chancellor have already appeared in front of lecterns branded “Fixing the Foundations” – an attempt to highlight what they claim is the mess they inherited from the Conservatives. No doubt to pay for all the hotels there now trying to find are saying it costs to much on the election campaign 🙄🙄 Inheritance tax is an absolute disgrace. It's another double taxation and a tax of envy. People work hard all their lives they pay tax when they work, pay tax on their savings interest, pay tax when they purchase their property and have to pay tax when they die all because they want to leave property,savings,assets etc to their loved ones.(yet could leave millions to charities and not 1p of tax is levied). If Labour make changes so more tax is paid they then have to change rules about when the tax is paid. Currently (as I understand it) the Inheritance tax liability has to be paid before the funds/assets of the estate are released . Yes a loan in advance can be taken (with interest) to pay the IHT liability. Imagine the interest to be paid on say a liability of £250,000. My parents have a massive IHT liability and put everything in place to cover that liability to no avail now as at their age now couldn't afford (let alone find a company who would give them one) a whole of life policy to cover the additional liability following the proposed budget changes. It's not a selfish thing as My brother and I constantly tell my parents to blow what they have as we are certainly not awaiting an inheritance. However my parents say we'd rather leave it to you than the tax man.
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:41:59 GMT
Keir Starmer’s warning to ministers after cabinet Budget row erupts
Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget
Kate Devlin Whitehall Editor 22 hours ago 37 Comments
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Sir Keir Starmer has warned his senior ministers they will have to live with swingeing spending cuts after a cabinet row over the Budget erupted in public.
The prime minister is facing a backlash from Angela Rayner and other members of his top team over cuts to government departments set to be unveiled by the chancellor, Rachel Reeves.
Sir Keir has received letters raising concerns after a number of his team – including transport minister Louise Haigh and justice minister Shabana Mahmood – spoke out against the measures at Tuesday’s cabinet meeting, with one reportedly describing the cuts being sought as “absolutely huge”.
In response, on Thursday the PM’s official spokesperson warned: “Not every department will be able to do everything they want to. There will be tough decisions taken [and] tough conversations.”
They also warned that “public services and departments have to become more productive and public services will need reform”.
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Keir Starmer is under pressure over cuts in Rachel Reeves’s upcoming Budget
Some departments are facing cuts of as much as 20 per cent as Ms Reeves scrambles to find £40bn of spending cuts and tax rises before the 30 October Budget.
On Thursday Whitehall’s total overall budget, known as the “spending envelope”, was submitted to the Office for Budget Responsibility (OBR) after being finalised by Downing Street.
But tense negotiations with individual government departments are still ongoing, as they press for cash from other parts of Whitehall.
Danny Shaw, a former adviser to home secretary Yvette Cooper, said cuts of up to 20 per cent would be “devastating” to a department like the Ministry of Justice and would “destroy the criminal justice system in many ways”.
He told BBC Radio 4’s Today programme: “It’s hard to see how you could make cuts like that to the Ministry of Justice without affecting the running of the justice system in terms of prisons and probation which account for about half of net spending and legal aid, which is really on its knees at the moment, and also the courts and tribunal system which are, as we know, completely blocked.”
A former Labour adviser has said the cuts could ‘destroy the criminal justice system in many ways’ A former Labour adviser has said the cuts could ‘destroy the criminal justice system in many ways’ (PA) Ms Reeves told ministers during Tuesday’s cabinet meeting that plans to fill a £22bn hole in the public finances will be enough only to “keep public services standing still”.
Having promised “no return to austerity” under Labour, Ms Reeves is seeking the additional £18bn to fund a cash injection for the NHS and avoid real terms cuts to some key departments.
Concerns are thought to reach across the cabinet, with particular fear among those outside of health, defence and education whose departmental spending is not protected.
But even the education secretary Bridget Phillipson said that all cabinet ministers were facing “very tough choices”.
Experts have argued that ministers need to find £20bn to avoid a squeeze on “unprotected” departments pencilled in by their Tory predecessors, and billions more to prevent a sharp fall in investment spending.
Some of the money could come from changing the measure the government uses to calculate debt, but economists from the Institute for Fiscal Studies (IFS) have suggested that some tax rises are inevitable to prevent cuts to day-to-day spending.
Reeves is set to unveil her Budget at the end of the month Reeves is set to unveil her Budget at the end of the month (PA) The backlash came as it emerged Ms Reeves will use her Budget to increase capital gains tax on the sale of shares and other assets but will not change the rate for second homes.
Capital gains on profits from the sale of shares, which is currently levied at 20 per cent, is likely to rise by “several percentage points”, The Times reported, a move which would raise billions. It is also widely expected the chancellor will hike the employer rate of national insurance. An increase in the rate by 1p could raise up to £17bn, according to IFS director Paul Johnson.
But the move would be seen as a breach of Labour’s election manifesto, which promised: “Labour will not increase taxes on working people, which is why we will not increase national insurance.” Ministers have argued the promise only applied to the employee rate of national insurance, which sits at 8 per cent, and not the 13.8 per cent employer contribution rate.
On Tuesday former Bank of England governor Mervyn King, who was once Ms Reeves’s boss, called for the chancellor to bite the bullet and hike national insurance at the Budget.
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In an open letter published by The Independent, Lord King told the chancellor to “keep it simple and be ruthlessly honest with the public”.
He warned Ms Reeves against higher borrowing to plug the gap in the public finances, advising her to turn to national insurance to pay for investment in the economy to boost growth.
You don’t know what your doing would be the chant you’d get from the terraces , very apt !!
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bluetornados
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Post by bluetornados on Oct 18, 2024 16:44:36 GMT
Keir Starmer agrees to send illegal migrants in Chagos Islands to British territory - despite surrendering them just days earlier..by Georgina Cutler
i.dailymail.co.uk/1s/2024/10/03/11/90407205-13920127-image-a-1_1727950428828.jpg An undated file photo shows Diego Garcia, the largest island in the Chagos archipelagoSir Keir Starmer has agreed to a controversial deal to deport migrants arriving at the Chagos Islands to St Helena - despite giving up its sovereignty to Mauritius. The Labour leader's decision bears striking similarities to the Rwanda deportation plan, which he previously denounced as "completely wrong" and "immoral". Under the new arrangement, asylum seekers reaching the British-owned archipelago on small boats will be sent to St Helena, a remote UK territory over 5,000 miles away in the Pacific Ocean. This move comes just weeks after Starmer provoked anger by agreeing to cede the Chagos Islands to Mauritius. The deal has sparked fresh controversy, with critics questioning Labour's apparent U-turn on migration policies and raising concerns about the impact on St Helena's small community of less than 4,500 residents. The deal allocates £6.65 million in Treasury funding to St Helena, ostensibly to address its healthcare backlog, The Telegraph reports. Migrants will undergo security screening before deportation, with arrivals potentially continuing for up to 18 months or until the Mauritius agreement is finalised. The agreement has drawn criticism from various quarters. i.dailymail.co.uk/i/pix/2014/07/24/article-2704718-0009C55700000258-861_634x430.jpgSt.HelenaYuan Yi Zhu, assistant professor of International Relations and International Law, questioned the logic: "Let me get this right. "According to Mauritius sovereignty over the Chagos already belongs to Mauritius; but they are happy to offload any asylum seekers arriving in what they say is Mauritian territory to the British territory of St Helena?" The impact on St Helena's small community has raised significant concerns. Andrew Turner, a St Helena councillor, expressed apprehension about the deal's effects on the island's close-knit society. "We are a very small island. There are less than 4,500 people who are resident on St Helena, so any influx to the island would have an impact," Turner said. He highlighted the intimate nature of the community. "This is the kind of place where you know pretty much anyone you pass on the street on a first-name basis. The cultural shock alone would have a big impact," he added. Notably, islanders claim they were not consulted about the agreement before its low-key announcement by chief minister Julie Thomas on Wednesday. The Foreign Office had made no public statement about the deal. Friends of the British Overseas Territories, a campaign group, criticised the deal, saying it showed a "lack of understanding" of St Helena's challenges by the British government. "Saint Helena is a small island with public services that already face a number of pressures," a spokesman said. "The last thing it needs is an undetermined number of illegal migrants being homed there for an unspecified length of time." The group accused the UK Government of using funding as leverage to impose the deal on St Helena. "The local government is understandably eager for extra funding, and it's shameful that the UK Government is using funding as a tool to foist this deal upon them," the spokesman added. These concerns highlight the potential strain on the island's limited resources and infrastructure. A Foreign Office spokesman defended the deal, telling The Telegraph that it was a response to a "deeply troubling situation" inherited from the previous government. "Ministers have worked hard to find solutions and contingency plans which protect the integrity of British territorial borders and migrant welfare," the spokesman said. The official said the arrangement would only apply to future migrants arriving on Diego Garcia.
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oldie
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Post by oldie on Oct 18, 2024 16:53:30 GMT
Name a policy you would like to discuss. Starter for ten Freeing the sausages...how's that going ? 😂😂😂 Pathetic For god's sake
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:53:44 GMT
Keir Starmer agrees to send illegal migrants in Chagos Islands to British territory - despite surrendering them just days earlier..by Georgina Cutler
i.dailymail.co.uk/1s/2024/10/03/11/90407205-13920127-image-a-1_1727950428828.jpg An undated file photo shows Diego Garcia, the largest island in the Chagos archipelagoSir Keir Starmer has agreed to a controversial deal to deport migrants arriving at the Chagos Islands to St Helena - despite giving up its sovereignty to Mauritius. The Labour leader's decision bears striking similarities to the Rwanda deportation plan, which he previously denounced as "completely wrong" and "immoral". Under the new arrangement, asylum seekers reaching the British-owned archipelago on small boats will be sent to St Helena, a remote UK territory over 5,000 miles away in the Pacific Ocean. This move comes just weeks after Starmer provoked anger by agreeing to cede the Chagos Islands to Mauritius. The deal has sparked fresh controversy, with critics questioning Labour's apparent U-turn on migration policies and raising concerns about the impact on St Helena's small community of less than 4,500 residents. The deal allocates £6.65 million in Treasury funding to St Helena, ostensibly to address its healthcare backlog, The Telegraph reports. Migrants will undergo security screening before deportation, with arrivals potentially continuing for up to 18 months or until the Mauritius agreement is finalised. The agreement has drawn criticism from various quarters. i.dailymail.co.uk/i/pix/2014/07/24/article-2704718-0009C55700000258-861_634x430.jpgSt.HelenaYuan Yi Zhu, assistant professor of International Relations and International Law, questioned the logic: "Let me get this right. "According to Mauritius sovereignty over the Chagos already belongs to Mauritius; but they are happy to offload any asylum seekers arriving in what they say is Mauritian territory to the British territory of St Helena?" The impact on St Helena's small community has raised significant concerns. Andrew Turner, a St Helena councillor, expressed apprehension about the deal's effects on the island's close-knit society. "We are a very small island. There are less than 4,500 people who are resident on St Helena, so any influx to the island would have an impact," Turner said. He highlighted the intimate nature of the community. "This is the kind of place where you know pretty much anyone you pass on the street on a first-name basis. The cultural shock alone would have a big impact," he added. Notably, islanders claim they were not consulted about the agreement before its low-key announcement by chief minister Julie Thomas on Wednesday. The Foreign Office had made no public statement about the deal. Friends of the British Overseas Territories, a campaign group, criticised the deal, saying it showed a "lack of understanding" of St Helena's challenges by the British government. "Saint Helena is a small island with public services that already face a number of pressures," a spokesman said. "The last thing it needs is an undetermined number of illegal migrants being homed there for an unspecified length of time." The group accused the UK Government of using funding as leverage to impose the deal on St Helena. "The local government is understandably eager for extra funding, and it's shameful that the UK Government is using funding as a tool to foist this deal upon them," the spokesman added. These concerns highlight the potential strain on the island's limited resources and infrastructure. A Foreign Office spokesman defended the deal, telling The Telegraph that it was a response to a "deeply troubling situation" inherited from the previous government. "Ministers have worked hard to find solutions and contingency plans which protect the integrity of British territorial borders and migrant welfare," the spokesman said. The official said the arrangement would only apply to future migrants arriving on Diego Garcia. 😂😂😂😂😂, you couldn’t make it up , oh hang on it’s the commies you can I read somewhere questions about the Rwanda plan are being asked of the commies as it’s not been stopped legally ( or something like that ) , but commies apparently won’t answer why , I’ll see if I can find it , but you’d not put anything past these bunch of shysters , resuming the Rwanda plan , there now actively looking for hotels , the hotels they said were a disgrace 🙄🙄
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oldie
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Post by oldie on Oct 18, 2024 16:54:29 GMT
Inheritance tax increases expected in Budget Chancellor Rachel Reeves during the International Investment Summit at the Guildhall IMAGE SOURCE, GETTY IMAGES Article information Author, Vicki Young, Henry Zeffman and Chris Mason Role, BBC News 17 October 2024 The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple changes to the tax, which currently includes several exemptions and reliefs. Inheritance tax is charged at 40% on the property, possessions and money of somebody who has died above the £325,000 threshold. It raises about £7bn a year for the government. Around 4% of deaths result in an inheritance tax charge. The tax includes a series of exemptions which over the years several governments have considered changing in order to raise more money. It is thought changes to a number of these are under consideration. Current exemptions and reliefs include rules around gifts that are given while you are alive. If a person gives away more than £325,000 in cash or gifts but dies within seven years, recipients could be liable to pay inheritance tax. There is also Business Relief for Inheritance Tax, and Agricultural Relief, which allows land or pasture that is used to grow crops or to rear animals to be free of Inheritance Tax. It is not known what changes will be made in the Budget on Wednesday, 30 October. Reeves eyeing £40bn in tax rises and spending cuts 16 October 2024 What is inheritance tax and who pays it? 5 hours ago What taxes might be raised in the Budget? 29 August 2024 A spokesman for the Treasury told the BBC: “We do not comment on speculation around tax changes outside of fiscal events.” Ministers are attempting to plug what they claim is a £40bn shortfall between what they want to spend and the amount of tax they expect to collect. Government sources say it is vital there is a “reset in the public finances” and are keen to emphasise what they see as the “scale of the challenge". This can be seen as part of the expectation management ahead of Rachel Reeves’ address. Most new governments put up taxes immediately after a general election. The Budget is expected to be billed as “Fixing the Foundations to Deliver Change". Both the prime minister and the chancellor have already appeared in front of lecterns branded “Fixing the Foundations” – an attempt to highlight what they claim is the mess they inherited from the Conservatives. No doubt to pay for all the hotels there now trying to find are saying it costs to much on the election campaign 🙄🙄 Word salad
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ltdgas
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Post by ltdgas on Oct 18, 2024 16:56:53 GMT
Inheritance tax increases expected in Budget Chancellor Rachel Reeves during the International Investment Summit at the Guildhall IMAGE SOURCE, GETTY IMAGES Article information Author, Vicki Young, Henry Zeffman and Chris Mason Role, BBC News 17 October 2024 The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple changes to the tax, which currently includes several exemptions and reliefs. Inheritance tax is charged at 40% on the property, possessions and money of somebody who has died above the £325,000 threshold. It raises about £7bn a year for the government. Around 4% of deaths result in an inheritance tax charge. The tax includes a series of exemptions which over the years several governments have considered changing in order to raise more money. It is thought changes to a number of these are under consideration. Current exemptions and reliefs include rules around gifts that are given while you are alive. If a person gives away more than £325,000 in cash or gifts but dies within seven years, recipients could be liable to pay inheritance tax. There is also Business Relief for Inheritance Tax, and Agricultural Relief, which allows land or pasture that is used to grow crops or to rear animals to be free of Inheritance Tax. It is not known what changes will be made in the Budget on Wednesday, 30 October. Reeves eyeing £40bn in tax rises and spending cuts 16 October 2024 What is inheritance tax and who pays it? 5 hours ago What taxes might be raised in the Budget? 29 August 2024 A spokesman for the Treasury told the BBC: “We do not comment on speculation around tax changes outside of fiscal events.” Ministers are attempting to plug what they claim is a £40bn shortfall between what they want to spend and the amount of tax they expect to collect. Government sources say it is vital there is a “reset in the public finances” and are keen to emphasise what they see as the “scale of the challenge". This can be seen as part of the expectation management ahead of Rachel Reeves’ address. Most new governments put up taxes immediately after a general election. The Budget is expected to be billed as “Fixing the Foundations to Deliver Change". Both the prime minister and the chancellor have already appeared in front of lecterns branded “Fixing the Foundations” – an attempt to highlight what they claim is the mess they inherited from the Conservatives. No doubt to pay for all the hotels there now trying to find are saying it costs to much on the election campaign 🙄🙄 Inheritance tax is an absolute disgrace. It's another double taxation and a tax of envy. People work hard all their lives they pay tax when they work, pay tax on their savings interest, pay tax when they purchase their property and have to pay tax when they die all because they want to leave property,savings,assets etc to their loved ones.(yet could leave millions to charities and not 1p of tax is levied). If Labour make changes so more tax is paid they then have to change rules about when the tax is paid. Currently (as I understand it) the Inheritance tax liability has to be paid before the funds/assets of the estate are released . Yes a loan in advance can be taken (with interest) to pay the IHT liability. Imagine the interest to be paid on say a liability of £250,000. My parents have a massive IHT liability and put everything in place to cover that liability to no avail now as at their age now couldn't afford (let alone find a company who would give them one) a whole of life policy to cover the additional liability following the proposed budget changes. It's not a selfish thing as My brother and I constantly tell my parents to blow what they have as we are certainly not awaiting an inheritance. However my parents say we'd rather leave it to you than the tax man. Shocking f.g & not a word of condemnation from the commies on here , says all you need to know about them , though there happy to freeze old people to death so should be of no suprise 🙄🙄😡
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ltdgas
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Post by ltdgas on Oct 18, 2024 17:04:44 GMT
Inheritance tax increases expected in Budget Chancellor Rachel Reeves during the International Investment Summit at the Guildhall IMAGE SOURCE, GETTY IMAGES Article information Author, Vicki Young, Henry Zeffman and Chris Mason Role, BBC News 17 October 2024 The government is planning to increase the amount of money it raises in inheritance tax at the Budget, the BBC has learned. It is not known how many people are likely to end up paying more, nor how much more they would pay. It is understood the prime minister and the chancellor are considering multiple changes to the tax, which currently includes several exemptions and reliefs. Inheritance tax is charged at 40% on the property, possessions and money of somebody who has died above the £325,000 threshold. It raises about £7bn a year for the government. Around 4% of deaths result in an inheritance tax charge. The tax includes a series of exemptions which over the years several governments have considered changing in order to raise more money. It is thought changes to a number of these are under consideration. Current exemptions and reliefs include rules around gifts that are given while you are alive. If a person gives away more than £325,000 in cash or gifts but dies within seven years, recipients could be liable to pay inheritance tax. There is also Business Relief for Inheritance Tax, and Agricultural Relief, which allows land or pasture that is used to grow crops or to rear animals to be free of Inheritance Tax. It is not known what changes will be made in the Budget on Wednesday, 30 October. Reeves eyeing £40bn in tax rises and spending cuts 16 October 2024 What is inheritance tax and who pays it? 5 hours ago What taxes might be raised in the Budget? 29 August 2024 A spokesman for the Treasury told the BBC: “We do not comment on speculation around tax changes outside of fiscal events.” Ministers are attempting to plug what they claim is a £40bn shortfall between what they want to spend and the amount of tax they expect to collect. Government sources say it is vital there is a “reset in the public finances” and are keen to emphasise what they see as the “scale of the challenge". This can be seen as part of the expectation management ahead of Rachel Reeves’ address. Most new governments put up taxes immediately after a general election. The Budget is expected to be billed as “Fixing the Foundations to Deliver Change". Both the prime minister and the chancellor have already appeared in front of lecterns branded “Fixing the Foundations” – an attempt to highlight what they claim is the mess they inherited from the Conservatives. No doubt to pay for all the hotels there now trying to find are saying it costs to much on the election campaign 🙄🙄 Word salad Bore off , stick to what you announced a while ago , you wouldn’t interact with me . But how your love life 😂😂😂😂, where in the world are you now running to find a women ( though after they outed you on here is that a man 😂😂) , I knew there was something odd about you 😂😂, what religion are you now ? , how many times have you married your boyfriend this time , have you beaten 3 this time 😂😂😂, I’d of said it was a wind up but it’s you , desperate Dan , so more than likely true 😂😂
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ltdgas
Joined: June 2014
Posts: 1,032
Member is Online
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Post by ltdgas on Oct 18, 2024 17:16:44 GMT
Labour is making the Tories look good on immigration The last government’s record on tackling illegal crossings to the UK was abysmal. But now it is getting even worse 😂😂😂😂, commies plan on immigration working well then 😂😂😂
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oldie
Joined: September 2021
Posts: 6,969
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Post by oldie on Oct 18, 2024 17:21:02 GMT
Bore off , stick to what you announced a while ago , you wouldn’t interact with me . But how your love life 😂😂😂😂, where in the world are you now running to find a women ( though after they outed you on here is that a man 😂😂) , I knew there was something odd about you 😂😂, what religion are you now ? , how many times have you married your boyfriend this time , have you beaten 3 this time 😂😂😂, I’d of said it was a wind up but it’s you , desperate Dan , so more than likely true 😂😂 Blimey A comedy act. Amazing
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oldie
Joined: September 2021
Posts: 6,969
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Post by oldie on Oct 18, 2024 17:23:32 GMT
Labour is making the Tories look good on immigration The last government’s record on tackling illegal crossings to the UK was abysmal. But now it is getting even worse 😂😂😂😂, commies plan on immigration working well then 😂😂😂 None of us are commies, not that you would understand the term. But you are very representative of gross stupidity. So make a coherent point or join the sub sentient group. Cheers
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