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Imo our last chance to back out of HS2 was back in Boris times of 2019, the project had bought the land and properties which at the time had increased in value dramatically. Boris hit the button to put boots on the ground and it's been a money pit ever since that'll never see a return. It's either keep spending or have another national f up.
Pay per mile needn’t be expensive to run. Mileage is logged each year at MOT time, so you could just add the mileage component to VED each year
Google "mileage correction services". For something which should be pretty rare (switching motors between cars and similar) there are a lot of companies providing it. It would require significant effort from the car companies (which then leaves a question about all the old cars) to make this a secure option.
For something which should be pretty rare (switching motors between cars and similar) there are a lot of companies providing it.
I assume it's because PCP / Lease stuff is based on mileage. GPS black box trackers seems the obvious choice - already working well for young drivers.
Well!
Sunak obviously didn't get his flight booked in time. Lol
Glad to see businesses rates relief hasn't been completely removed for retail as previously thought. But a drop to 40% will still be a big hit to the high street ... Expect lots of small shops to close over the next year.
Full thing here:
LLM summary (makes it a lot quicker to read!):
Employer/Employment Taxes:
Employer NICs increasing from 13.8% to 15% from April 2025
Secondary Threshold for employer NICs reduced from £9,100 to £5,000
Employment Allowance increased from £5,000 to £10,500 with £100,000 threshold removed
Capital Gains Tax (CGT):
Lower rate increasing from 10% to 18%
Higher rate increasing from 20% to 24%
Business Asset Disposal Relief (BADR) and Investors' Relief rates:
Increasing to 14% from April 2025
Further increasing to 18% from April 2026
Inheritance Tax:
Extension of threshold freezes until April 2030
Unspent pension pots brought into IHT scope from April 2027
Changes to Agricultural Property Relief and Business Property Relief:
100% relief for first £1m of combined assets
50% relief thereafter
50% relief for AIM shares
Private Schools:
VAT at 20% on school fees from January 2025
Removal of business rates charitable relief from April 2025
Energy/Oil & Gas:
Energy Profits Levy rate increased to 38%
Investment allowance abolished except for decarbonisation
Levy extended until March 2030
Property Taxes:
Higher rate of Stamp Duty for additional properties increasing from 3% to 5%
Business rates: 40% relief for retail, hospitality and leisure sectors (capped at £110,000)
Small business multiplier frozen for 2025-26
Vehicle/Transport Taxes:
Fuel duty frozen and 5p cut extended for one year
Vehicle Excise Duty changes to increase differentials between EVs and other vehicles
Air Passenger Duty rates increasing from 2026-27 (£2 more for economy short-haul)
Other Taxes:
Non-dom status abolished and replaced with new residence-based system from April 2025
Carried interest taxation moving to income tax framework from April 2026
New vaping products duty at £2.20 per 10ml from October 2026
Tobacco duty escalator of RPI+2%
Alcohol duty:
Cut on draught products by 1p per pint
Other rates increasing with RPI
Soft Drinks Industry Levy rates increasing to reflect inflation since 2018
ISAs/Savings:
ISA subscription limits frozen until April 2030:
£20,000 for adult ISAs
£9,000 for Junior ISAs
£4,000 for Lifetime ISAs
Sunak is having some fun in his final speech but his message of 'We warned Labour would tax, borrow and spend' only shows why he's in opposition. Yes Rishi, everyone knew that and that's why they voted Labour!
Yes Rishi, everyone knew that and that’s why they voted Labour! - only not everyone did vote Labour. It was only about 22% so hardly everyone !!
I would happily pay a bit more tax if it meant things were working again & we got to live in a fairer society.
I'd far rather have a society (well OK, a Government) that was able to work on long-term plans, accept that going for the cheapest option now to "save money" would actually cost more in the long run, accept that penalising the poorest in society simply fuels crime and accepts that the richest in society should pay considerably more.
The issue is not the amount of tax we pay; it's how it's been mismanaged over decades through successive governments and a host of poor policy decisions.
It was only about 22% so hardly everyone !!
Yes of course, but enough to win them a large majority.
I'm actually quietly impressed by that budget. Really don't know why Starmer boxed himself into a corner with the promise of no tax rises for workers but you can't deny the scale and reach of it. Would have liked to see higher CGT rates and wealth taxes on second homes etc but it's tipped the balance both in terms of spending and taxation and more importantly it changes the optics of what govt should be doing. Instead of fiddling at the edges and finding reasons not to do anything this budget shows Labour do want to make big decisions and do big things. We can argue about the detail but this IMO is the most important change from life under the tories.
I’m disappointed to see no increased focus on tax avoidance and closing the loopholes.
Non-dom status abolished and replaced with new residence-based system from April 2025
on the face of it good news. However because I’m a cynic I will await with interest to see if it’s just a name change or if they actually creates a material increased tax liability for those with non dorms status
All seems fairly benign in the end. I'm pleased because it wasn't as bad as I was expecting. Maybe that was the plan all along? Hopefully that's the bad news budget out of the way and we can let the good times roll from now on
Removal of business rates charitable relief from April 2025
Employer NICs increasing from 13.8% to 15% from April 2025
Secondary Threshold for employer NICs reduced from £9,100 to £5,000
As a modest size charity, that is going to sting for my work.
Fiscal drag on your income tax for another three years. Blaming the previous government for not making a change of course. The proportion paying 40% income tax will continue to rise. https://ifs.org.uk/publications/deepening-freeze-more-adults-ever-are-paying-higher-rate-tax
In a roundabout way I'm happy with this. Incentivizes me to plough it into the pension and retire early (maybe not the best to the overall economy though).
Thanks to fiscal drag I think it’s now possible to have a below average household income (eg one partner on £55k and the other part time on £10k with a few kids in tow) and yet be paying higher rate tax.
Maybe, but in that hypothetical scenario the difference between them and a household with two full time incomes is offset against the savings in childcare? Also the higher earning partner in that example is only paying ~£1k more because it's a marginal rate.
Google “mileage correction services”. For something which should be pretty rare (switching motors between cars and similar) there are a lot of companies providing it. It would require significant effort from the car companies (which then leaves a question about all the old cars) to make this a secure option.
I suppose for the most blatant cases there's ANPR.
Fraud will always be an issue, just like you could avoid paying road tax today by cloning someone else's number plate. I suppose you could then prosecute "mileage correction" in the same way you would a dodgy accountant.
Fuel duty frozen and 5p cut extended for one year
Bonkers considering fuel is so cheap right now. But I suppose politically it keeps tax rises hidden from "working people". They could have at least brought it back and said it's being hypothecated into fixing potholes and subsidizing bus fares.
that perceived unfairness only exists because the higher rate tax threshold exists. Arguably the higher rate tax threshold itself is unfair, at least insofar as where it’s now positioned.
I think we all need to get used to the idea of paying more tax to pay for more services (i.e. longer retirements and more advanced healthcare). Maybe think of it the other way round, 40% is heading to be the new normal and there's a discount for lower incomes.
But also bear in mind that just because the 'average' (for middle aged men) is knocking on the threshold, that means that they're not actually paying it (or much of it).
The Shadow Treasury Minister Gareth Davies has just been taken apart by Matt Chorley on Five Live. Dear god, what a dimwit.
He moaned about Labour raising taxes, then when asked how the huge amount of money that the last government hadn't budgeted for would have been raised by a Tory government he kept repeating that they would use 'budgetry methods' to plug the yawning gap
To which he was given the obvious next question 'you mean you'd raise taxes?'. He then just kept repeating 'no, we'd use budgetry methods' and the interview then went round in circles
If thats the best the Tories can muster in reply...
Fuel duty frozen and 5p cut extended for one year
Bonkers considering fuel is so cheap right now.
If you did a straw poll of the general population, I think yours would be a somewhat minority viewpoint there.
If you're on minimum wage and need to drive to work and back every day, I doubt you'd be marvelling at how little it was costing you
I know its a somewhat false equivelence (due to various circumstances) but during covid a litre of unleaded dipped below a quid a litre. Its now £1.35 a litre. Thats a pretty substantial increase in the price of filling a tank over a 3 year period, far outstripping wage growth. Any government would have to be mad to bang another 5-7p a litre on top of that. The usual suspects in the press would go into absolute meltdown!
hypothecated
Every day's a school day. <Thumbs up.>
I bet it increases the number of people claiming benefits and the number of unemployed will go up , small businesses will suffer. Not sure how it encourages growth
It’s a monumental change in direction and focus to a high tax state. An extra £40bn revenue. Only unfortunately £1bn (peanuts) going to the NHS
during covid a litre of unleaded dipped below a quid a litre.
did it really? I don't remember that. I remember it hitting £2/L when Ukraine kicked off
I’m actually quietly impressed by that budget.
Me too. I mean I do feel sorry for the landowners, second home owners, people who are going to inherit enough money to pay inheritance tax and private jet users, obviously, but other than that....
Well this is disappointing.
So many told us that we would pay per mile, that the working man would have their tax increased, that they wanted rid of bus fare cap and they’d not tax the rich. Now I don’t know who to believe, the Daily Mail, Reform voters or Labour.
Overall I quite impressed with what they’ve come up with.
If you did a straw poll of the general population, I think yours would be a somewhat minority viewpoint there.
If you’re on minimum wage and need to drive to work and back every day, I doubt you’d be marvelling at how little it was costing you
a) just shows how unfair the system of enforced car ownership is. Make public transport better. It should be the default like public healthcare or state education.
b) it's ~135p the same price now as it was 10 years ago, I was going to say "as when Labour were last in power, but the price rose quickly over 3 years from ~118 to ~138 due to the financial crisis so It's about 6 months too late to say Gordon Brown was in power . Adjusted for inflation, hasn't been this cheap since 1998. And that was on the tail end of falling (inflation adjusted) petrol prices from the late 80's to mid 90's.
Petrol prices adjusted for inflation by year in a table:
www.speedlimit.org.uk/petrolprices.html
On a graph:
ww.racfoundation.org/data/uk-pump-prices-over-time
Only unfortunately £1bn (peanuts) going to the NHS
Someone will be asking to fact check me but I'm fairly sure it's much more than that?
The lack of fuel duty increase is just incredibly regressive. Fuel now is £1.35 /L(ish). In 2022, it was nearly £2 /L, even with the 5p "temporary" tax cut put in place during Covid.
Increasing the bus fare cap to £3 saves £350m (compared to keeping it at £2).
Keeping fuel duty as is will cost £20bn. Even just a commitment to raise it in line with inflation would have been nice. I despair.
The absolute bollocks about "the working people" and "the hard-pressed motorist". Never seems to translate to "the working people" who get the bus or the train.
The absolute bollocks about “the working people” and “the hard-pressed motorist”. Never seems to translate to “the working people” who get the bus or the train.
You're right, but it's a very politically savvy move. When it comes to budgets the vast majority of people look for two things more than anything else, the price of petrol, and the price of booze. Put those up and you're onto a loser from day one.
Never seems to translate to “the working people” who get the bus or the train.
Nationalise the trains! Get buses back under local government control! Oh ... they are ... sweet.
As for fuel duty... I'd agree the fuel price escalator should be restarted ASAP... except there is a very good chance that oil/petrol/diesel prices will shoot up again this winter... a delay seems like wise planning... a sensible precaution.
Generally... this budget is the government getting on with doing what they said they would... inline with the priorities they set out.. all be it in a sensible and cautious way... no rushing... no sidelining the Treasury and OBR... no big surprises... just starting the shift needed, and beginning to repair some of the damage done to us (and by us) over recent years.
did it really? I don’t remember that. I remember it hitting £2/L when Ukraine kicked off
It did, briefly, when the whole world was pretty much in lockdown and not driving anywhere so unless you were on the governments fast lane as a sales rep for PPE or flying a in a private jet you probably didn't notice. At one point the price of crude went negative because there was excessive supply and everyone's strategic reserves were full so they couldn't support the price any further.
Using that blip as a baseline is being really picky with stats though. As pointed out, you could use the £2 (well, 170ish not on the motorway) figure with more validity because people actually had to pay that to get to work.
Make public transport better. It should be the default like public healthcare or state education.
Yes, but presently it isn't 'better'. Its the opposite of 'better'. In towns like the one I live in it is catastrophically awful after decades of underinvestment and cutting of services. Ask anyone in Greater Manchester if they'd be happy to rely on the 'service' provided by Northern Rail to get into work every day and they'll laugh in your face. Thats the present reality.
I can't actually get to work using public transport. It simply isn't possible. Unless I fancy spending 5 hours a day on various buses (GMPTE Journey Planner tells me it would involve 2 buses, then a tram then another bus to travel 14 miles). No thanks. So I have to drive. As does every one of the millions an millions of people in this country who effectively don't have access to any public transport worthy of the name.
So thats the reality. And its going to take a great deal of time and investment to fix. But I was impressed with the anoiuncement of some actual investment in the transport infrasructure in the north of England. Thats certainly something we've not had for a very, very long time. And, of course, the railways are effectively going to be nationalised, and they're also devolving control over bus srvices to local councils like they've just done in Manchester, so its all good. definitely a step in the right direction IMHO
The Beeb have done a simple breakdown for the likes of me.
https://www.bbc.co.uk/news/articles/cx25w7qpr0yo
Dont go into the comments section though, “there be dragons.” ?
As a modest size charity, that is going to sting for my work.
The removal of business rates for charitable status is only for Private schools iirc
fairly sure it’s much more than that?
well yes it is. £1.2bn
Increase in taxation of £40bn. Increased spending of £60bn
I can’t actually get to work using public transport. It simply isn’t possible. Unless I fancy spending 5 hours a day on various buses. No thanks. So I have to drive. As does every one of the millions an millions of people in this country who effectively don’t have access to any public transport worthy of the name.
Manchester transport is uniquely s*** though.
When I was there I hypothesized that it's because When London's population hit ~2.5million in around 1850 they started to build the London underground as the exciting transport project of the future that brought the satellite towns into the suburbs. When Manchester hit 2.5million roughly 100 years later it built the M62 and did the opposite. I don't know why they both invested in expensive transport schemes at that point i their growth but for some reason they did.
n.b. as part of the whole post war rebuilding that resulted in the M62, London was supposed to get something like 5 orbital ring roads and 8 arterial motorways, even Whitehall was planned to be demolished to make way for them. Thankfully that sort of large scale town planning fell out of favor (and ran out of money).
One of the huge issues for me.. Someone touched on above..
The short term thinking of elections every 4 years or whatever.. Of course we need elections on a semi regular basis but that encourages MPs just to think in 4 year blocks.. They could be out on thier ass after that...
I think we maybe need a 4th pillar of government for long term projects, such as rail infrastructure, health care, environmental goals etc..
.. Which is sacrosanct.. and the 'government de jour' cannot interfere with it, with out cross party support and strict arbitration via an independent body...
I suppose that idea would add another layer of burocacy... And cost.. But.. I think it might be a net gain for society as a whole.
Does that rise in employer NI not force them to employers to ensure we are all self sacrificing as much as possible, because the employer can then save more than / some of the increase?
I wonder then whether the pension raid comes in 5yrs time if they are re-elected, sucking up the funds of the savers over this period.
As a modest size charity, that is going to sting for my work.
Your competitors are equivalently impacted.
Does your charity supply services that should really be funded directly by the public sector?
mattyfez
Full Member
One of the huge issues for me.. Someone touched on above..The short term thinking of elections every 4 years or whatever.. Of course we need elections on a semi regular basis but that encourages MPs just to think in 4 year blocks.. They could be out on thier ass after that…
I think we maybe need a 4th pillar of government for long term projects, such as rail infrastructure, health care, environmental goals etc..
.. Which is sacrosanct.. and the ‘government de jour’ cannot interfere with it, with out cross party support and strict arbitration via an independent body…
I suppose that idea would add another layer of burocacy… And cost.. But.. I think it might be a net gain for society as a whole.
I can definitely see merit in that. Has it been tried in any other democracy I wonder? Even if it hasn't, there is always a first adopter of course. That said I suspect it would be a policy to implement in more favourable and stable conditions I suppose, possibly not now.
The transport system in the entire north of England is uniquely s*** though.
FTFY
As pointed out, you could use the £2 (well, 170ish not on the motorway) figure with more validity because people actually had to pay that to get to work.
I remember filling up at the Shell garage near Saltaire and it was £1.99. No motorway services highwaymen masks involved
For the 'Biggest Budget in Decades' it'll have little to no impact on me. As a 'Working Person'(c) I guess that was the aim.
IMHO :
Duty on Vape juice (and banning of disposables) - good idea, vaping has long past being a safer alternative to smoking and has become a way for sellers and manufacturers (many of which are Tobacco Cos via shell corps) to hook kids into a newer, more addictive product.
VAT on Private Schools, yeah it's a Labour kick in the nuts to the Poshos, but if you've got to make money somewhere.
Increased Duty on Private Jet flights. Shit even I can see that's a working-class dog whistle. So Rishi will pay £500 more when he jets off to the US with his Billionaire Wife... they're billionaires. It'll raise pocket change relatively, but it's a nice little FU to the out-going PM and Party.
I think they're still having the drains up on the employers NI, but it seems it's somewhere between a win, and a small loss for really small employers, it's the big employers who'll pay the bill.
Anyone seen any sign of the 'unprecedented' active travel funding they were promising after the election?
johnx2
Free Member
NHS sees a£22.6bn increase in the revenue (day-to-day spending ) health budget (RDEL)
£3.1bn increase in the capital budget (CDEL)
(Dept expenditure limits)
It’s a start.
I thought I'd seen a higher figure, I was beginning to doubt my sanity. Lol
Did you hear the baying idiots in the chamber roaring in delight at 1% cut in duty for draught beer. They were genuinely more animated (or wanted to appear more animated) about that than any of the big stuff like Nat Insurance, NHS spending or Non Dom.
Idiots.
I thought I’d seen a higher figure
£350bn on the side of a bus?
Given how much it was mentioned in the run up, I'm a little surprised there's no impact to
Tax rates for high earners
Pensions limits
Any tax-free gimmes
I think the hike in CGT only really impacts people who are gaming the "earn minimum wage and take the rest as profits" approach, which I don't have much problem with. The vast majority of other folks can afford to wrapper any investments they have (a couple get a total of £160k per year in tax free investments, combining pension and ISA), so not much impact there
and a small loss for really small employers
It depends on your definition of Small businesses, but small employers can claim back their NI contribution (now increased up to 10k) through employment allowance.
The NI increase won't end up costing my business anything. We were worried that we could have been forced to close with the business rates relief potentially being completely removed (but its protected by rural rates relief in my case) and adding NAT insurance costs could have put unachievable costs on the business. Thankfully it seems to have been sensibly thought out.
Did you hear the baying idiots in the chamber roaring in delight at 1% cut in duty for draught beer. They were genuinely more animated (or wanted to appear more animated) about that than any of the big stuff like Nat Insurance, NHS spending or Non Dom.
Idiots.
Look at the audience... No normal person I'd going to give a flying figg If their four pound and four pence pint suddenly only costs four pounds.
Good for the struggling hospitality trade I guess.. But surely there are bigger fish to fry?
think the hike in CGT only really impacts people who are gaming the “earn minimum wage and take the rest as profits” approach, which I don’t have much problem with. The vast majority of other folks can afford to wrapper any investments they have (a couple get a total of £160k per year in tax free investments, combining pension and ISA), so not much impact there
I think ( hope) I'm going to get hit by some CGT from my company share option scheme next year, even with judicious use of ISAs.
(Which is fine of course. I don't have an issue with it )
Our business will be affected by the NICs (as will our competitors of course), and personally I'll be affected by the CGT because of a employee ownership share scheme that's looking to pay out in 2026.
Hard to feel aggrieved by it though, I'm only in the position to be affected because I'm fortunate in the first place. Also I'd like functioning public services please and thank you.
Actually iht on pension pots is an interesting one. As more and more of the aging population will be using drawdown strategies instead of annuities I think that will become a much larger pot to tax.
IHT exemption on pension pots was a ridiculous loophole to start with. I mean, I know everyone wants all taxes abolished, but what on earth is the rational justification for allowing you to specifically pass on your own unspent income directly to your children (or other beneficiaries) without even having paid income tax on it when you got paid in the first place?
Given how much it was mentioned in the run up,
These were all kites flown by the right wing press to stir up their audience (Hello Daily Telegraph and Spectator, you're looking pretty stupid now). The tax free limit on 25% from pensions will still be subject to fiscal drag for the minority with a large pot. We should, however be encouraging people to save into pensions, but not through a 60% marginal rate at 100-125k income. I'd like top see restitution of personal allowances, with an increase in higher rate of taxation. The 100k trap makes no sense economically, especially with loss in other benefits.
And yes the IHT on pension pots was just a loophole. Lump it into the estate proper and tax IHT accordingly. It is of course exempt when passing to a surviving spouse, who may still have time to spend it.
One of the changes that appears to have flown under the radar a bit are the changes to VED rates:
As announced at Autumn Budget 2024, the government will introduce legislation in Finance Bill 2024-25 to change the Vehicle Excise Duty (VED) first year rates for new cars registered on or after 1 April 2025. These are as follows:
• zero emission cars will pay the lowest first year rate at £10 until 2029 to 2030
• rates for cars emitting 1g/km to 50g/km of CO2, including hybrid vehicles, will increase to £110
• rates for cars emitting 51g/km to 75g/km of CO2, including hybrid vehicles, will increase to £130
• all other rates for cars emitting 76g/km of CO2 and above will double from their current level.
So - buy/lease a big V8 Range Rover or similar next year, and you'll be paying about £5,500 a year in VED alone.
Ha ha to infinity.
IHT exemption on pensions was a clear tax dodge for the wealthy. Most people need to spend their pensions to live, not keep them untouched to reduce the value of their estate when they die.
Good decision to abolish it. Although they've got till April 2027 to either die or put another plan in place.
If you’re on minimum wage and need to drive to work and back every day, I doubt you’d be marvelling at how little it was costing you
My guess is that more people on minimum wage would benefit from cheap bus fares than would benefit from cheap petrol.
So – buy/lease a big V8 Range Rover or similar next year, and you’ll be paying about £5,500 a year in VED alone.
Ha ha to infinity.
Nope............
Well, the absolute top of the range, non plug-in hybrid model in SV squeaks in just over the 255g at 265 so that is affected. But that's got a starting price of £160k.
But pretty much every other model is a plug in hybrid and has official emissions <20g/km.
Obviously the test is bull****. But they won't be paying that tax.
I must say I do miss Tory economics though. Considered, factual and deployed with cunning intellect and a deep understanding of the subject matter.
https://twitter.com/carolvorders/status/1851645841338986789
So – buy/lease a big V8 Range Rover or similar next year, and you’ll be paying about £5,500 a year in VED alone.
Ha ha to infinity.
It's just first year rates though, year two onwards are inflationary increases. So, your £120k RR is now £123k - those with the finances to buy them won't really feel it.
Meanwhile, double cab pick ups being treated as cars once again is pretty big, plus a doubling in BIK for hybrids and increases in pure EV from 2 to 9% BIK over the next few years will hit a lot of company car driving 'working people'...
The bus ticket cap is absolutely massive in terms of regressive tax burden.
50% increase on some of the lowest paid workers in the country not to mention students.
My daughter will have to find around an extra £25 a month to get to sixth form and my other daughter at uni will also be hit - that will be around a £40 hit per month on our family
We are luckily in a position to be able to help them out with that but many thousands of people wont be.
Not a good decision IMO bearing in mind other areas that could have raised this amount.
Meanwhile, double cab pick ups being treated as cars once again is pretty big, plus a doubling in BIK for hybrids and increases in pure EV from 2 to 9% BIK over the next few years will hit a lot of company car driving ‘working people’…
It will, however the majority of EV company car drivers are people who didn't run a cc before that massive tax break came in. Now EV sales are naturally a little higher, and the second hand market is flooded with stock (look at the prices), closing that tax break makes sense
My CC will probably be the only new car I ever 'own' then! In retrospect perhaps shouldn't have chosen a MG.
I can't seem to embed Tweets...
Anyway, Truss has given her expert opinion on today's budget. Which is just epic to type let alone watch!! 😀
https://twitter.com/Tush27J/status/1851586005901402304
I think the hike in CGT only really impacts people who are gaming the “earn minimum wage and take the rest as profits” approach, which I don’t have much problem with. The vast majority of other folks can afford to wrapper any investments they have (a couple get a total of £160k per year in tax free investments, combining pension and ISA),
I think plenty of normal folks will be caught by things like share schemes they get as a benefit of work. Certainly I'm no millionaire but it'll cost me a couple of hundred quid at least. Don't really mind as long as they use it to improve stuff in society, but to say this budget won't impact working class folks is a bit disingenuous
Anyway, Truss has given her expert opinion on today’s budget. Which is just epic to type let alone watch!!
Its even funnier that she still thinks the tellybox people get her on for everyone to benefit from her words of wisdom, when the truth is she’s a modern day freak show. Let’s all point and laugh at the delusional fruitcake who still thinks she’s relevant and not a total laughing stock
The groans from the Tory spin doctors whenever she pops up again must be audible from miles away
The groans from the Tory spin doctors whenever she pops up again must be audible from miles away
The Libdems called her in from the cold but her work is not yet done, her mission not yet fulfilled.
Whilst there is still a Tory party to destroy she will never rest, never relent.
We are forever in her debt. Literally. 😉
Can someone explain the car road tax thing again to me please, really slowly !
Yesterday, if I bought a car assume petrol or hybrid for this discussion, not pure EV) , say a £39k Subaru Forester mild hybrid (135g/km) ... I would pay £18p or £190 a year road tax. Same if I got the £39.5k version of the Outback (petrol only, 191g/km).
Now if that same car was valued (list price / DVLA defined price) of £say £41k (ie over £40k list price) then as I understood it, the road tax would be £590 for the first 5 years, then £190 thereafter (ignoring any subsequent increases). Because there was basically as £2k tax on anything over £40k, grabbed by the Gov in 5 equal chunks of £400 a year (giving a £400 luxury car tax + £190 normal road tax = £590)
What would I pay since the budget (from April 2025).
There were the words 'first year' in some of the quoted stuff earlier - how about years 2 through to 15 ?
.
