Spring Statement

Discussion in 'Bulletin Board' started by dreamboy3000, Mar 26, 2025 at 10:45 AM.

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  1. dreamboy3000

    dreamboy3000 Well-Known Member

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    dreamboy3000, Mar 26, 2025 at 10:45 AM
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  2. KamikazeCo-Pilot

    KamikazeCo-Pilot Well-Known Member

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    KamikazeCo-Pilot, Mar 26, 2025 at 10:58 AM
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  3. She

    Shepley Red Well-Known Member

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    Rachel Reeves pretending she knows what she's doing :D. Wonder if she will be updating her Linkedin profile again any time soon...
     
    Shepley Red, Mar 26, 2025 at 11:15 AM
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  4. Dan

    DannyWilsonLovechild Well-Known Member

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    DannyWilsonLovechild, Mar 26, 2025 at 11:39 AM
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  5. sel

    selby Well-Known Member

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    It's about time we rejoined the EU customs union and kick start growth with a closer relationship with Europe.

    We can't trust Trump so we need to make sure we are closer to our closest trading partners.
     
    selby, Mar 26, 2025 at 11:51 AM
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  6. dreamboy3000

    dreamboy3000 Well-Known Member

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    It wasn't great, which we all expected. Times are going to get tougher for many, especially our poorest.
     
    dreamboy3000, Mar 26, 2025 at 5:25 PM
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  7. Brush

    Brush Well-Known Member

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    It's a no brainer.
     
    Brush, Mar 26, 2025 at 5:35 PM
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  8. Jay

    Jay Well-Known Member

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    There's been a drop in inflation.

    Is that good news?

    Yup

    Cool, so stuff will be cheaper?

    Nope

    Will it stay the same price?

    Nope

    It'll go up?

    Yes, but you remember when inflation was really high and stuff quickly cost twice as much as it used to be? Well it's now even more expensive than that, and it will continue to get more and more expensive, but it won't do it quite so fast.
     
    Jay, Mar 26, 2025 at 5:37 PM
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  9. Brush

    Brush Well-Known Member

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    There are an awful lot of people who don't understand what an inflation figure actually means. Your excellent explanation should be used in a TV public information film.
     
    Brush, Mar 26, 2025 at 6:07 PM
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  10. Dan

    DannyWilsonLovechild Well-Known Member

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    Along with an explanation as to why small amounts of inflation are much better than deflation.
     
    DannyWilsonLovechild, Mar 26, 2025 at 6:14 PM
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  11. WG Red

    WG Red Well-Known Member

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    Exactly, because nowt ever goes down
     
    WG Red, Mar 26, 2025 at 6:15 PM
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  12. Brush

    Brush Well-Known Member

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    Yes falling prices is usually the result of a full-blown recession.
     
    Brush, Mar 26, 2025 at 6:19 PM
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  13. Wat

    Watcher_Of_The_Skies Well-Known Member

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    Inflation drop was largely due to a fall in the price of women and children's clothing.
     
    Watcher_Of_The_Skies, Mar 26, 2025 at 7:21 PM
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  14. Mr Badger

    Mr Badger Well-Known Member

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    I imagine a few on here will have benefited from that.
     
    Mr Badger, Mar 26, 2025 at 7:34 PM
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  15. She

    Sheriff Well-Known Member

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    I'm subscribed to Dan Neidle's mailing list (tax expert who was responsible for shining the spotlight on Nadeem Zahawi's dodgy tax affairs), who sent out this summary on some of the background stuff in the statement that wasn't part of the speech today.

    This is good to see, albeit it will go largely unnoticed in terms of the headlines.

    Screenshot_20250326-215928.png
     
    Sheriff, Mar 26, 2025 at 10:05 PM
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  16. BarnsleyReds

    BarnsleyReds Well-Known Member

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    we should do a poll to find out exactly how many
     
    BarnsleyReds, Mar 26, 2025 at 10:34 PM
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  17. Wat

    Watcher_Of_The_Skies Well-Known Member

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    Suspect article says 'avoidance' when it's actually 'evasion' that's being cracked down on.

    This will seemingly raise an estimated extra £1bn on top of a previously estimated £6.5bn.

    Edit: not enough to stop 50k kids being pushed into relative poverty due to benefit cuts.
     
    Last edited: Mar 27, 2025 at 7:42 AM
    Watcher_Of_The_Skies, Mar 27, 2025 at 7:00 AM
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  18. She

    Sheriff Well-Known Member

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    He's actually referring to tax avoidance in his statement. I read in more detail after posting and it's aimed at the 'industry' of people selling tax avoidance schemes, usually which fail to deliver any benefit to those buying them.

    Tax evasion is illegal in any circumstances, so doesn't need further legislation but does need more stringent enforcement than the last government were providing.
     
    Sheriff, Mar 27, 2025 at 8:00 AM
    #18
  19. orsenkaht

    orsenkaht Well-Known Member

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    Such as the dodgy customer who "advised" Frankie Dettori.
     
    orsenkaht, Mar 27, 2025 at 8:15 AM
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  20. Wat

    Watcher_Of_The_Skies Well-Known Member

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    She has referenced evasion not avoidance. It's not legislation she's planning but more funds for technology to help HMRC. Of course these are estimated figures, we'll have to see how they match up with the actual outcomes.

    https://www.ftadviser.com/spring-st...ancellor-to-crackdown-further-on-tax-evasion/
     
    Last edited: Mar 27, 2025 at 9:45 AM
    Watcher_Of_The_Skies, Mar 27, 2025 at 9:37 AM
    #20
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