No matter who is in government, if they give it with one hand, they'll take it away with the other.

Yogi19 posted:

 

No matter who is in government, if they give it with one hand, they'll take it away with the other.

Ain't that the truth 

Today's the day...

Although from early morning news it don't seem like it is going to be anyhing earht shattering!

*agrees with all the above comments* 

The budget calculator says we will be £6.60 better off a month, because of the budget!

Last Tory manifesto...we will not raise National Insurance contributions...

Oh yeah?

Moonie posted:

Last Tory manifesto...we will not raise National Insurance contributions...

Oh yeah?

I understand that the increases in class 4 NI for the self employed will come at the same time as the existing class 2 NI (weekly fixed amount) is abolished. Someone has calculated that those with profits over £16,250 will pay more overall but those with profits under £16,250 will pay less.

El Loro posted:

Moonie posted:

Last Tory manifesto...we will not raise National Insurance contributions...

Oh yeah?

I understand that the increases in class 4 NI for the self employed will come at the same time as the existing class 2 NI (weekly fixed amount) is abolished. Someone has calculated that those with profits over £16,250 will pay more overall but those with profits under £16,250 will pay less.

Thanks El 

velvet donkey posted:

Moonie posted:

Last Tory manifesto...we will not raise National Insurance contributions...

Oh yeah?

The only political manifesto I'll believe is the one they get tattooed across their forehead. That's belief Moons   

Hi Velvet  

They won't have it tattooed on their foreheads cause they won't be able to change their without laser surgery Velvet 

What's worse in the budget for self employed people (and landlords) is that quarterly digital accounts data reporting is still to be implemented on a mandatory basis. From April 2018 the threshold is the VAT registration level. The really nasty one is that from April 2019 the mandatory requirement is if your gross sales or rent income exceeds £10,000.

That's far too low for someone whose only income is a bit of self employment income. That's below the national working wage and below the personal allowance.

People on that level of income are unlikely to be able to afford the costs of getting someone to do the reporting for them. And they may really struggle to try to do the reporting themselves.

The government says that "This measure is not expected to have any significant macroeconomic impacts." The trouble is that it will have massive impacts on microeconomic people - the people I'm referring to.

I do have such a client. He does not think he has a chance of being able to do this himself or be able to pay someone to do it for him. He says he will have no choice but to give up. Hel'll be 64 by April 2019. He does not expect to live long enough to start getting any state pension.

Extremely Fluffy Fluffy Thing posted:

The budget calculator says we will be £6.60 better off a month, because of the budget!

I think mine came out about £9.17. But i just put in a quick check. Given that we will get either no or a low pay rise this year, that positive will be quickly eroded by any price inflation.

The whole debate seems to be around tax for the self employed, which IMO is a smokescreen.  There are big issues with the bogus self employed where employers define their staff as 'self employed' for tax advantages but that is not, apparently, "the issue" here.

These need to be addressed but won't be under this shower of Tory sh***

However, the self employed (bogus or otherwise) have had their pensions rights improve considerably.  So oddly, I find myself supporting the chancellor in raising their tax obligations.

Berried beneath the media echo chamber obsessions are further very harsh cuts to the disabled.  

It won't get in the mainstream media, they're obsessing over BS about the self employed.

This government is for turning:
http://www.bbc.co.uk/news/uk-politics-39278968

re self employed NI increases

El Loro posted:

This government is for turning:
http://www.bbc.co.uk/news/uk-politics-39278968

re self employed NI increases

El Loro posted:

This government is for turning:
http://www.bbc.co.uk/news/uk-politics-39278968

re self employed NI increases

Labour's Jeremy Corbyn said the U-turn showed a government "in chaos".

I do find politics quite annoying and even when something good happens the opposition (whoever it is) wants to turn it into a negative. I would say to Jeremy that one decision does not a chaos make, we would be stupid not to look at ALL of governments decisions and draw a conclusion from that.

I agree EC ...and it annoys me that if a government refuses to change a policy they are castigated ....and if they listen to the electorate and change a policy they are still castigated ...they can't win  and that applies to governments of all persuasions...