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>> No. 80244 Anonymous
22nd November 2016
Tuesday 6:58 pm
80244 Autumn Statement 2016
It's the Autumn Statement tomorrow. New Chancellor Philip Hammond is expected to announce:

• The removal of salary sacrifice from employee benefits that aren't the likes of cycle to work, childcare vouchers and pension contributions.

• A reduction in Corporation Tax. The Corporation Tax year-on-year take to October 2016 is 23.6% up because/in spite of lowering Corporation Tax.

• A ban on pension cold calling.

• A freeze in fuel duty.

• Something about broadband.

• An increase in infrastructure spending.

• An increase in spending on research and development.

• A continuation of Gideon's plan to have the personal allowance £12,500 and the higher rate tax band starting at £50,000 by the end of the term of parliament.
Expand all images.
>> No. 80288 Anonymous
22nd November 2016
Tuesday 9:02 pm
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>>80244
The salary sacrifice and personal allowance measures will affect a lot of people. I already earn enough that I get zero personal allowance, the fact that I'll now pay extra tax on my pension contributions because of the proposed changes to salary sacrifice is fucking balls. The salary band I am in means I pay 64% tax now. I'm very bored of the narrative that high earners don't pay enough.
>> No. 80289 Anonymous
22nd November 2016
Tuesday 9:18 pm
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>>80288
Poor you. It must be so hard surviving on just a few grand per month.
>> No. 80291 Anonymous
22nd November 2016
Tuesday 9:23 pm
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>>80288
>the fact that I'll now pay extra tax on my pension contributions because of the proposed changes to salary sacrifice is fucking balls

It isn't set to affect pension contributions. Besides, with salary sacrifice your net income is generally the same but your pension contributions are boosted by some/all of the NI saving being passed on by your employer.

>The salary band I am in means I pay 64% tax now

I thought the highest marginal rate was those just over £100k losing their personal allowance, effectively paying 60%? If you factor in NI then that's only an extra 2% above the upper earnings limit.
>> No. 80312 Anonymous
23rd November 2016
Wednesday 12:32 am
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>>80291
The taper means you pay between 62 and 64% marginal rate. I know how lucky I am >>80289 what I object to is the unfairness of the system. I don't mind paying more as a share than those that earn less. I struggle to understand why I pay more marginally than those that earn more than me.
>> No. 80344 Anonymous
23rd November 2016
Wednesday 2:16 am
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>>80288

> I already earn enough that I get zero personal allowance

I've been out of the country for a while, but have I missed something very very important here? Does your personal allowance now start dropping the more you earn over a given amount? This wasn't the case last time I filed taxes (January gone). Am I in for some kind of rude awakening at some point down the line.

Apologies in advance for not reading the UK section of the guardian every morning to keep up.
>> No. 80347 Anonymous
23rd November 2016
Wednesday 2:19 am
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>>80344
Yes. Started in April.
>> No. 80348 Anonymous
23rd November 2016
Wednesday 2:34 am
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>>80347

Bejsus. If I weren't already de-facto non tax resident this would be enough to turn a man to the swindle, it really would.
>> No. 80349 Anonymous
23rd November 2016
Wednesday 6:50 am
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>>80344
It's been the case since 2010. You lose £1 of your personal allowance for every £2 of income over £100,000; as it's £11,000 in this tax year it means it's fully lost if your adjusted net income is greater than £122,000. You can claim some of it back if your salary is there or thereabouts through pension contributions or gift aid charity donations.

https://www.ft.com/content/03725d1c-30fb-11de-8196-00144feabdc0

I'm not sure what the other lad is on about saying it came into effect this tax year and it's a marginal rate of 64%, unless he's on about the reduced annual allowance for high earners on pension contributions.
>> No. 80359 Anonymous
23rd November 2016
Wednesday 2:36 pm
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It'll hardly register for you rich bastards, but the banning of letting agent fees is alreet like.
>> No. 80360 Anonymous
23rd November 2016
Wednesday 5:15 pm
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In short, fuck all happened today.
>> No. 80364 Anonymous
23rd November 2016
Wednesday 8:01 pm
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More than 20 Labour MPs were clocked on their phones whilst McDonnell was giving his Autumn Statement response.
>> No. 80366 Anonymous
23rd November 2016
Wednesday 8:06 pm
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>>80364
What's the punishment for not giving The People's Chancellor his due reverence? Kneecapping? Lynching by the maomentum mob? Torn to bits by the Corbsomol?
>> No. 80367 Anonymous
23rd November 2016
Wednesday 8:18 pm
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>>80364
Is that Core Group Negative?
>> No. 80368 Anonymous
23rd November 2016
Wednesday 8:29 pm
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>>80364

Good to see the 五毛党 out in force.
>> No. 80370 Anonymous
23rd November 2016
Wednesday 8:40 pm
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>>80366
He was only speaking for about 5 minutes, they could have at least pretended not to be completely disinterested.
>> No. 80371 Anonymous
23rd November 2016
Wednesday 8:44 pm
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>>80244
Thanks for posting this Philip but it was all a bit boring today.
>> No. 80372 Anonymous
23rd November 2016
Wednesday 8:47 pm
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>>80370
I thought we were in the new honest politics where we didn't fake anything. My mistake!
>> No. 80374 Anonymous
23rd November 2016
Wednesday 8:50 pm
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>>80364
These Tinder matches won't swipe themselves lads.
>> No. 80375 Anonymous
23rd November 2016
Wednesday 8:51 pm
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>>80372
Well, if you're genuinely not interested in what the party has to say, it's only appropriate the party is honest about not seeing it fit to re-select you as it's representative in the constituency for the 2020-2025 parliament... of course, if the voters genuinely like you and not the party, you're free to stand as an independent candidate if you'd like to keep playing on your phone within the walls of Westminster...
>> No. 80376 Anonymous
23rd November 2016
Wednesday 8:52 pm
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>>80359
It is good, yes, if its properly enacted.

Even us rich bastards were cheered up by this today.

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