New Posts For Thread: Budget 2020: Johnson & Javid weighing up 'Mansion Tax'?https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax...according to The Telegraph.Didn't Ed Miliband put this forward in 2010?Just looking at debt again. The UK owns $334bn of US debt.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558818469#558818469Just looking at debt again. The UK owns $334bn of US debt.Mon, 10 Feb 2020 13:17:03 -0600Yes, effectively the 25% is owed by the government to itself but is still included in the overall figure.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817817#558817817Yes, effectively the 25% is owed by the government to itself but is still included in the overall figure.Mon, 10 Feb 2020 11:01:22 -0600True, I am sure Clydebank, but all the more frustrating.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817801#558817801True, I am sure Clydebank, but all the more frustrating.Mon, 10 Feb 2020 10:58:02 -0600Yeah that is the current figure, but it was 0% in 2009. To my understanding, I tentaively think that means the government has bought back about a quarter of it's own debt, but the quarter that it has bought back is still showing as debt.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817775#558817775Yeah that is the current figure, but it was 0% in 2009. To my understanding, I tentaively think that means the government has bought back about a quarter of it's own debt, but the quarter that it has bought back is still showing as debt.Mon, 10 Feb 2020 10:52:51 -0600The simpler the message or the headline, the more it resonates. All media headlines have to be, because considered structural approaches, fly over the head of most people and the media outlets wouldn't gain any viewers.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817739#558817739The simpler the message or the headline, the more it resonates. All media headlines have to be, because considered structural approaches, fly over the head of most people and the media outlets wouldn't gain any viewers.Mon, 10 Feb 2020 10:46:24 -0600Clydebank,Iirc, about 25% is owed to the BofE but the rest is owed to pension and investment funds, banks, other financial institutions and private individuals.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817737#558817737Clydebank,Iirc, about 25% is owed to the BofE but the rest is owed to pension and investment funds, banks, other financial institutions and private individuals.Mon, 10 Feb 2020 10:46:06 -0600Why not just review council tax banding?Typical headline-grabbing, political knee-jerk, legislation reaction with arbitrary figures adding layers of bureaucracy and complicition - rather than a considered, structural approach.Loads of other examples,https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817707#558817707Why not just review council tax banding?Typical headline-grabbing, political knee-jerk, legislation reaction with arbitrary figures adding layers of bureaucracy and complicition - rather than a considered, structural approach.Loads of other examples,Mon, 10 Feb 2020 10:37:40 -0600A residential property worth £50m in London or £50k in Barnsley.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817705#558817705A residential property worth £50m in London or £50k in Barnsley.Mon, 10 Feb 2020 10:37:38 -0600UK Debt Since 2009 when it held 0% of National debt, the Bank of England has purchased gilts (was 23% in Nov 2017) and the UK government owns the Bank of England, so saying the national debt hasn't fallen is very misleading (I think) To put it blunhttps://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817641#558817641UK Debt Since 2009 when it held 0% of National debt, the Bank of England has purchased gilts (was 23% in Nov 2017) and the UK government owns the Bank of England, so saying the national debt hasn't fallen is very misleading (I think) To put it blunMon, 10 Feb 2020 10:24:49 -0600What is the correct definition of "a mansion", does anyone know?When Ed Miliband proposed this in 2010, the threshold was £2m. I don't think the Tories have suggested a value yet.https://community.betfair.com/chit_chat/go/thread/view/94038/31627061/budget-2020-johnson-javid-weighing-up-mansion-tax?post_id=558817477#558817477What is the correct definition of "a mansion", does anyone know?When Ed Miliband proposed this in 2010, the threshold was £2m. I don't think the Tories have suggested a value yet.Mon, 10 Feb 2020 09:53:57 -0600