Allows them to borrow more to fund buildings, equipment too.
Once succession planning has adjusted there won’t be much extra IHT burden anyway. Next gen will be brought into ownership earlier (good!). What it will stop is the wipe out of accrued capital gains when transferred on death.
Why are we getting fear mongering headlines about data centres?
They are critical infrastructure that are essential to future tech developments & economic growth.
We need to be mindful of their needs. But instead of being scared, we need to make sure we're building the right infrastructure.
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Well, I still don’t find him very appealing…
Good luck.
Last call* for my standup history show on the BBC origin story at Camden Fringe tonight. 7:30 at The Water Rats Kings Cross.
Be informed, educated and entertained…
camdenfringe.com/events/an-ev...
*well, penultimate. It’s on again tomorrow. But also tonight…
I prosecute and defend the most serious sexual offences in our courts.
The overwhelming majority of offenders are British-born. Overwhelmingly the victim is someone known to them, either a partner or relative.
Anybody purporting to care about protecting women might start there.
Are you curious about the origins of Gladstone’s Library and would like a sneak peek at the famous Reading Rooms? And are you a National Lottery player?
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Yes, this. I’ve only seen professional cycling once, when a race came up Guildford High St, and the speed they went was INCREDIBLE. Over setts, too. Camera distance, angles and tracking make it look much more sedate.
'If you do write a nonfiction book, make sure it’s “giftable”. Preferably to Dads, because no one knows what to buy for Dads.' Absolutely loved this mixture of after-the-event(s) reflection and free advice from @helenlewis.bsky.social
I’ve bounced off it at least three times- never got more than a quarter of the way in. And I was a weirdo who read a lot of Tolstoy in my mid-teens, could cope with Russian names, etc.
Lee Fortis. “Just a groundsman”.
LEE FORTIS!!
Lee Fortis is a LEGEND!!!
#ComeOnTheRey
I just verified my age by shouting “Crackerjack!”
NB, this post is also an age verification test…
Whenever I post about Gaza / Palestine, it's pretty clear a lot of people don't hear about what the UK government actually say & do - especially when it's on the world stage, like at the UN or other international orgs.
So I thought I'd make a simple thread to post links as things happen.
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The first step is that the main parties have got to stop promising during election campaigns not to increase income tax rates if they get in. The basic rate was 25% during most of the Thatcher/Lawson years IIRC.
A UK wealth tax sounds simple: "tax the super‑rich, fund public services"
But it's not.
Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029.
Here’s the evidence:
The one ray of sunshine being that the if the Britannia hotel is housing asylum seekers, it is not snaring unwary travelers to book a stay there…
TIL- thanks!
It’s actually the reverse. The higher value, technical, cases do get picked up, because they can be argued from a desk in a big HMRC office. What is not is the small business evasion. As all tax people know, the majority of the tax not collected is in small business.
OK, but that brings us back to @robfordmancs.bsky.social ‘s initial point - there’s no money. And even if there was, there’s no bandwidth.
Yes, if the advisers are doing their job, that hit’s already been taken. Not so much an investment as a variable rate (dividend) annuity…
TBH I’m sure @danneidle.bsky.social knows exactly why HMRC are not sending someone to stand in the shop and estimate the amounts going through the till. They no longer have the staff and network of local offices that lets them do that sort of compliance work.
Ouch… In the equity or the debt?
But you’ve said the unencumbered business is worth £40bn. Simplistically, the answer is therefore all of it. Real life is a lot more complicated, obviously, but I think people are missing the fact that although the company may be worth nothing you can’t just nationalise the assets for free.
It would actually be administration rather than receivership - the company keeps trading as its future is worked out, but under the control of the administrator.
I don’t know if those figures are right, but assuming they are and the value of the business unindebted = the value of the debt, the debtors are still going to argue that their debt needs to be repaid, though the shareholders would get nothing.
That's the problem with those Cessna Citations, as soon as they see a sheep, they chase.
This is something I’ve observed among the more pro-Israel members of my Jewish family. Their media consumption means that they truly do not understand why it isn’t the 1970’s anymore and a whole generation of Americans, right and left, will not look at the state of Israel in the same way.
Yep, this is the vast hidden underbelly of disguised employment - “IR35”, umbrella companies and the like. It needs to be swept away and replaced by a “contractor” status that allows relief for some expenses but otherwise taxes you as an employee.
Do County members need to buy tickets for Women‘s Finals Day, or is it included?
Labour must be candid with the public that current expectations for what the state can provide are inconsistent with the tax regime that the voting public seem to want. They must also choose which of public service provision or their tax commitments they are willing to sacrifice. Choices are stark.
