Autumn Budget 2017

Discussion in 'Business, Economics and Trade' started by PD, Nov 16, 2017.

  1. PD

    PD Retired

    The Chancellor of the Exchequer, Phillip Hammond, will deliver his first Autumn Budget this afternoon.

    What do you hope / expect to be in the budget?

    Post-announcement, what do you think of the changes?
     
  2. Joey Shabadoo

    Joey Shabadoo Regular Member

    Free cake for the over 45s
     
    Jezza likes this.
  3. Baron Vlad Harkonenn

    Baron Vlad Harkonenn Regular Member

    That fags and booze...... oh wait a minute, I gave up smoking and don't drink much these days
     
  4. wormo

    wormo Member

    Apparently halving the vat registration threshold down to £45k. will bring huge numbers of one man bands into the regime.
     
  5. Jezza

    Jezza Regular Member

    It'll be a window-dressing budget.
    There's neither the money nor the will for anything radical.
    Hammond will be toast by January 15th - latest.
     
  6. Big Andy

    Big Andy Well-Known Member Staff Member

    I think you are probably right, not a huge amount of room for manouver, looks like he will attempt to do something to increase housing stock and probably something for the younger voters to try and get some of them back on side.
     
  7. Speicher

    Speicher Member

    He has just said that "he is not minded to change the threshold". So it stays at £85k
     
  8. Pale Rider

    Pale Rider Active Member Staff Member

    Bloke on the radio this morning said Hammond is under pressure to loosen the purse strings, and he has a bit of wiggle room to do it.
     
  9. Welsh dragon

    Welsh dragon Senior Member Staff Member

    I see stamp duty for 1st time buyers is to be abolished as well, up to £300,000
     
    Jezza likes this.
  10. Jezza

    Jezza Regular Member

    Good idea is that.
    :smile:
     
  11. Sonic Budgie

    Sonic Budgie Active Member

    For whom?
     
  12. Big Andy

    Big Andy Well-Known Member Staff Member

    First time buyers of houses over £300k
     
  13. Jezza

    Jezza Regular Member

    First time buyers and people looking to downsize.
    £300K buys a big family home round here so older people downsize FROM £300K-type houses, if they can find a buyer. Stamp duty hasn't helped first time buyers.
    More buyers = quicker sales hence a more fluid housing market.
     
  14. Sonic Budgie

    Sonic Budgie Active Member

    The OBR forecasts that the price will rise as consequence, it's a very short term benefit. Existing home owners benefit longer term. I'd rather there were far more options available for first time buyers costing considerably less than 300k.
     
  15. Big Andy

    Big Andy Well-Known Member Staff Member

    OBR forecast that the price will rise by much less than the saving though.
    How do we get more options costing less than 300K though, although where I am there wont be many 1st time buyers spend anywhere near that amount.
     
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