ori said:
sars said:
That’s because our glorious leader has had the mad idea of giving tax cuts while the BoE are trying to stop spiralling inflation and therefore it is predicted that interest rates will have to rise three fold to 6%
Utter madness
While I partially agree with you, the tax carts equate to a few billion at worst assuming it doesn’t actually increase tax revenue. The energy cap is 60 billion in spending and Covid cost us 400 billion. Everyone was crying out for something to be done about energy costs and they did……hence inflation.
Who knew printing money gives inflation? Whole world is a mess.
Furthermore, BMW had already started to increase interest rates well before this.
Er the £2.0bn was the low estimate for the cost of just the 5% drop for the high earners, with the high estimate being nearer £6.0bn. No the real cost was the 1% drop for basic rate, NI reduction and the stamp duty reduction, though the latter’s not going to be significant as no one’s offering mortgages! Total tax cuts was around £45.0bn, the biggest tax giveaway in 50 years and all with borrowed money.
Anyway have now completed spot the difference, not sure about the new front side vents, but the new grill looks okay