Round up of UK budget changes - individual's pension pots & farmers hit for IHT, and employers hit for NIC's - but dont worry as no doubt none of them are working people within Reeves' meaning!
I think we are in the nightmare already. The fiat ponzi scheme has been unable to be maintained for a long time. I'm not sure what the end looks like but I think it's something like we are seeing. Endless conflict, chaos, collapsing systems. You can't trade on debt indefinitely. I suspect they are trying to run it until the "reset" is ready. That reset is CBDCs and I feel most people will be begging for them and I suspect they will come with a write off of alot of debt that people will jump at
There is a great tube channel "parallel systems" I highly recommend it, I have been looking into physical gold as an investment as the more the system unwinds the greater value of gold and the BRICS countries are buying large quantities. The present system will collapse and they have told us so "great reset" is being implemented.
Hopefully BRICS will go for a decentralised platform , it's going to get very messy with multiple wars and chaos till the new (preferred) normal comes into "being"🙏👍
Yes, we are returning to feudalism where the government represent the "nobles" and we the peasants should show homage to them for using us and our money in any which way they want, such is the separation between us and the people who rule us. Excellent article, thank you.
"but dont worry as no doubt none of them are working people within Reeves' meaning!"
Unfortunately most people don't understand that they, as individuals pay everything including corporation tax, employer's NI, higher input costs etc. Businesses either pass it on or go out of business, either because they simply can't pay the bills or the shareholders (Blackrock, Vanguard etc) invest elsewhere.
Thank you for this useful breakdown and explanation of the Budget. My employer, an owner of a medium sized family business, says that he is badly hit by this Budget. He owns two garden centres on prime land in outer London. The changes to inheritance tax would probably apply to his family as well. Shocking indeed.
Just watching UK Column and one of the issues they've touched on is that hospices are only about 1/3 tax payer funded.
The upshot, of course is that they will get caught for extra NIC which may well result in some hospices being forced to close.
The same could also impact any number of charities.
Taking a broader view the regime's priorities are clear; more funding for wars. Less funding for pensioner winter heating. And more costs for hospices and charities.
So, killing people good. Helping people bad.
And I doubt that last paragraph will surprise or shock anyone here which is probably the most damning indictment of all.
Farmers selling up to corporate interests? What, like that nice Bill Gates? Who came to see Starmer before the budget with that other nice bloke from Blackrock?
"with a cost-of-living crisis caused by an average annual inflation rate over the last 4 years of around 4.5%", are you sure? Would we really be in a "crisis" if it was only an avg 4.5%? If you are using .gov figures I am surprised at you! :-) Check this out https://www.shadowstats.com/alternate_data/inflation-charts
The rationale for using their massaged inflation figures was because they are bad enough in and of themselves to show how awful the position is. It is unprecedented that someone would need to earn almost £5k more than they did just 4 years ago to have the same standard of living. People who are perhaps a little less aware can relate to that using just the "official" figures. But I take your point. I very much know inflation is alot higher than officially stated. But I didn't want some smarty pants trying to say I was engaging in hyperbole by relying on something "unofficial"
We're being asset stripped to help fund the building of the digital prison and meet the green agenda (reset🤔)
The EU is planning to stop freedom of movement of people if they have not had every shot 💉💉 they mandate.
We're sleep walking into a nightmare👍
I think we are in the nightmare already. The fiat ponzi scheme has been unable to be maintained for a long time. I'm not sure what the end looks like but I think it's something like we are seeing. Endless conflict, chaos, collapsing systems. You can't trade on debt indefinitely. I suspect they are trying to run it until the "reset" is ready. That reset is CBDCs and I feel most people will be begging for them and I suspect they will come with a write off of alot of debt that people will jump at
There is a great tube channel "parallel systems" I highly recommend it, I have been looking into physical gold as an investment as the more the system unwinds the greater value of gold and the BRICS countries are buying large quantities. The present system will collapse and they have told us so "great reset" is being implemented.
Hopefully BRICS will go for a decentralised platform , it's going to get very messy with multiple wars and chaos till the new (preferred) normal comes into "being"🙏👍
Yes, we are returning to feudalism where the government represent the "nobles" and we the peasants should show homage to them for using us and our money in any which way they want, such is the separation between us and the people who rule us. Excellent article, thank you.
Welcome
Fantastic summary Claire, many thanks!! I didn't manage to catch it all (budget) so this was very helpful. Will share.
"but dont worry as no doubt none of them are working people within Reeves' meaning!"
Unfortunately most people don't understand that they, as individuals pay everything including corporation tax, employer's NI, higher input costs etc. Businesses either pass it on or go out of business, either because they simply can't pay the bills or the shareholders (Blackrock, Vanguard etc) invest elsewhere.
Yes I think you're right. People think a business tax doesn't affect them. Mad
Thank you for this useful breakdown and explanation of the Budget. My employer, an owner of a medium sized family business, says that he is badly hit by this Budget. He owns two garden centres on prime land in outer London. The changes to inheritance tax would probably apply to his family as well. Shocking indeed.
Just watching UK Column and one of the issues they've touched on is that hospices are only about 1/3 tax payer funded.
The upshot, of course is that they will get caught for extra NIC which may well result in some hospices being forced to close.
The same could also impact any number of charities.
Taking a broader view the regime's priorities are clear; more funding for wars. Less funding for pensioner winter heating. And more costs for hospices and charities.
So, killing people good. Helping people bad.
And I doubt that last paragraph will surprise or shock anyone here which is probably the most damning indictment of all.
Farmers selling up to corporate interests? What, like that nice Bill Gates? Who came to see Starmer before the budget with that other nice bloke from Blackrock?
"with a cost-of-living crisis caused by an average annual inflation rate over the last 4 years of around 4.5%", are you sure? Would we really be in a "crisis" if it was only an avg 4.5%? If you are using .gov figures I am surprised at you! :-) Check this out https://www.shadowstats.com/alternate_data/inflation-charts
The rationale for using their massaged inflation figures was because they are bad enough in and of themselves to show how awful the position is. It is unprecedented that someone would need to earn almost £5k more than they did just 4 years ago to have the same standard of living. People who are perhaps a little less aware can relate to that using just the "official" figures. But I take your point. I very much know inflation is alot higher than officially stated. But I didn't want some smarty pants trying to say I was engaging in hyperbole by relying on something "unofficial"