https://x.com/ftmoney/status/1705311288941850631?s=61&t=3lWj0RN-4doErPs…
What’s he actually going to do? Any bets?
Restrict the stocks and shares option to joke AIM cos?
https://x.com/ftmoney/status/1705311288941850631?s=61&t=3lWj0RN-4doErPs…
What’s he actually going to do? Any bets?
Restrict the stocks and shares option to joke AIM cos?
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Extra allowance for British companies. Let’s make Brexit work! (Somehow).
Labour will probably add something for Green or diverse companies.
Great opportunity for polidiots to get British retail investors to prop up their ideological bollocks.
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Labour will reduce the £20k. It costs a fortune and most people can't imagine having 20k apiece to save each year.
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Extra allowance for struggling Tory donor companies
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allowing people to save their already taxed income in an ISA "costs a fortune".
any danger we stop spending so bleddy much?
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You can only invest in Tory Party donations.
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I'd really prefer we started spending a lot more tbh. Less than £1k worth of tax relief vs a functioning health service, court service, etc.
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Is that labour policy or your intel?
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Why not just return it to its roots and limit tax relief to investment in high risk British start ups etc?
As I recall, the whole concept of this kind of tax relief started with the Business Expansion Scheme in the 80s. Then John Major, as Chancellor, introduced the TESSA concept to encourage people to save more.
Gordon Brown, also as Chancellor, then kind of combined the two and limited the overall relief available by introducing the ISA concept, which does indeed now cost the Treasury a fortune by granting a lot of complete tax relief on what are in many cases rock solid investments.
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As regards equities rather the deposits it was PEPs rather than TESSAs.
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A m6 in sixth form started seeing a girl called Tessa from our sister school. This led to him being asked whether he'd yet put a deposit into his Tessa.
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If he did it’d be massive by now
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But maybe not quite as big as it could have been 8+ months after that first deposit
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How much more than. 43% gdp is govt spending already. How much bigger do you want the state to be?
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If they limited Isas to high risk companies the government would come under pressure to compo anyone losing money - in the same way they’re under pressure to help with mortgages / help with energy when things don’t go up.
a more consumer focussed approach to participation in VC doesn’t work because the point of the accounts / policy around isa is to encourage saving not to encourage risk takingll
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How do you square that with the change in 2013 which made AIM companies ISA eligible?
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And you get tax breaks in VCT investment already.
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Exactly wot buzz said. The point is they want to funnel our taxed hard-earned into areas they should be investing in themselves, thereby both reducing the amounts going into safe or safeish tax free places while effectively getting their hands on it. Nothing you’ve said makes sense parsnip. I thought you were a corporate type.
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this is really easy to solve, for any Tory policy you just have to ask "what does the US do", and since they want to the UK to be the US you will have your answer
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Tbf, at least prior to the JOBS Act, the US was far more protective of retail investors as regards unlisted companies, essentially regarding the majority of the US population as too stupid to be able to make their own investment decisions. They might have been right admittedly.
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