Budget 2020: Johnson & Javid weighing up 'Mansion Tax'?

There is also talk of tax relief being cut on pension savings, capping it at 20% for all taxpayers.

There will be a new tax which they will be applying to us all very soon.... THE CLIMATE EMERGENCY TAX.     N.A.P.

Tbf there is considerable logic behind this. The Council Tax valuations only go up to Band H which means a £50m property will be paying the same as one worth £1m. That wasn't true under the old rateable value system,which had become obsolete,not so much because of Thather's ideology,as because hardly any houses were let at market rate. If only they had waited 30 years or so.

all to pay for a fast train

a fast train to go slower than its capable of
bailing out failing private buisnesses
record nhs spending
massive increase in public spending
record increase in minimum wage
ending austerity
privatising parts of railway
mansion tax
ending 40% pension tax relief
levelling up
utility bill caps

Johnson and tories dug up the edd stone and added a few billion baubles on top
leftist government in 50 years and its tory

I wouldn't bank on it.

never mentioned at the election but how can we be ending austerity when nothing has been paid off the debt,when cameron got in over 10 years ago he said we were almost broke but the debt has gone up and up to nearly £2 trillion and yet they all promised to spend more at the election

like man utd,40 yr mortgages its all about servicing the debt ,not the debt,

trump has doubled the US deficit - spending like socialist on crack is the new conservative way.

What is the correct definition of "a mansion", does anyone know?

What 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.

UK 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 bluntly headline figures mean almost nothing without an extensive understanding of the bigger picture, and the bigger picture starts with who owes what to whom.

Feb 10, 2020 -- 3:31PM, SlippyBlue wrote:

What is the correct definition of "a mansion", does anyone know?

A residential property worth £50m in London or £50k in Barnsley.

Why 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, but I can't be arsed.

Clydebank,

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.

The 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.

Yeah 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.

True, I am sure Clydebank, but all the more frustrating.

Yes, effectively the 25% is owed by the government to itself but is still included in the overall figure.

Just looking at debt again.  The UK owns $334bn of US debt.