dermot
Member of DD Central
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Post by dermot on Feb 1, 2018 13:06:09 GMT
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registerme
Member of DD Central
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Post by registerme on Feb 1, 2018 13:09:08 GMT
dermot I'm not sure that's the link you intended to include in your post....
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Post by Deleted on Feb 1, 2018 14:00:35 GMT
interest rates will rise and P2P rates will not.
Watch out there is a wealth tax waiting in the next parliament.
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Post by GSV3MIaC on Feb 1, 2018 16:22:19 GMT
You mean when JC gets elected, or under some other scenario?
We've actually had a wealth tax for most folks for a while now (called "inflation > interest rate") although that has pumped up the asset bubble(s) rather a lot.
Then there's the 'expensive house tax', and the forthcoming 'expensive car tax'.
Perhaps a flat out wealth tax would be more honest. 8>.
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Post by Deleted on Feb 1, 2018 16:56:21 GMT
I think that either party will be running out of money soon, there are few places to cut left and few other sources of money, all we have left is Pensions and Capital. Obviously capital will leave the country if a JC government looks like being elected so that will be the least of my fears (really, the least of my fears), the real issue will be a Conservative government with nowhere else to turn.
I think it will start with say capital over £10M and earn very little but will put a gentle pressure on house prices and push back against foreigners wanting to invest here (no one wants a safe haven if you get taxed on it).
Inflation, pah, I remember 15%, coal strikes, running machine tools using icecream trucks for power and doing homework by candle light :-)
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dermot
Member of DD Central
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Post by dermot on Feb 1, 2018 18:47:36 GMT
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dermot
Member of DD Central
Posts: 863
Likes: 517
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Post by dermot on Feb 1, 2018 18:55:29 GMT
interest rates will rise and P2P rates will not. Watch out there is a wealth tax waiting in the next parliament. There has been talk for a long time of formally admitting that the National Insurance premium is just a tax by another name - and simply conflating NI with a rejigged income tax. That, of course, could mean a major boost in revenue by effectively applying N.I. to all sorts of investment income. And, of course, a backdoor to increasing effective tax rates still further. The upper income contributions limit for N.I. could conveniently be made to disappear in all the confusion too.
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sarahcount
Member of DD Central
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Post by sarahcount on Feb 1, 2018 21:44:51 GMT
Inflation, pah, I remember 15%, coal strikes, running machine tools using icecream trucks for power and doing homework by candle light :-) Really or apocryphal? Tell us more.
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Post by davee39 on Feb 1, 2018 22:01:45 GMT
www.economicshelp.org/blog/2647/economics/history-of-inflation-in-uk/Yes, 25% in 1975, using a real index (RPI) not the heavily fiddled CPI we have today. Trade union efforts to keep wages up with the cost of living while the government attempted to use pay restraint to reduce inflation led to the downfall of the Callaghan Government and the rise of Thatcherism.
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happy
Member of DD Central
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Post by happy on Feb 1, 2018 22:06:55 GMT
Inflation, pah, I remember 15%, coal strikes, running machine tools using icecream trucks for power and doing homework by candle light :-) Really or apocryphal? Tell us more. Now that is a word that doesn't come round very often Sarahcount.........apocryphal, of dubious or unproven authenticity but considered by many to be true. Very nice!
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Post by Deleted on Feb 2, 2018 8:10:52 GMT
Inflation, pah, I remember 15%, coal strikes, running machine tools using icecream trucks for power and doing homework by candle light :-) Really or apocryphal? Tell us more. Absolutely true, when the strike was first hinted the boss took a shed load of cash and hired every van in Leeds and had them parked in our very large car park (it was winter at the time so icecream sales were low) and cabled them up. It looked funny but it really worked.
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Nomad
Member of DD Central
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Post by Nomad on Feb 2, 2018 20:08:35 GMT
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Nomad
Member of DD Central
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Post by Nomad on Feb 2, 2018 20:15:32 GMT
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Post by Deleted on Feb 3, 2018 10:52:55 GMT
FT sit on the fence, it may be better or it may be worse.... still at least they didn't make any portfolio suggestions, I'll stick to reading the Economist. 
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p2pclive
Blockchain specialist
Posts: 25
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Post by p2pclive on Feb 3, 2018 18:44:29 GMT
www.economicshelp.org/blog/2647/economics/history-of-inflation-in-uk/Yes, 25% in 1975, using a real index (RPI) not the heavily fiddled CPI we have today. Trade union efforts to keep wages up with the cost of living while the government attempted to use pay restraint to reduce inflation led to the downfall of the Callaghan Government and the rise of Thatcherism. I'm skeptical of the 25% figure, it just doesn't seem right.
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