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In reality its just a revenue earner which will prevent the much maligned boomer generation with private pension pots from passing on funds to younger generations. Introduced by a Gen X chancellor,

The justification is to raise more taxes.

So what formula do you think should be applied to pensions then?

I also wonder where the tax revenue would come from if house prices plummeted. So much less from SDLT and then hugely reduced Inheritance Tax Revenues. Us boomers won’t have to make the shortfall up, we will be long gone.

It was to protect the banks, not the houseowners.

Why are you bringing the chronic unemployed into it?

I haven’t moved the goalposts at all.

So greedy banks in the US had nothing to do with it then.

That wasn’t the reason interest rates were lowered, it was trying to address the aftermath of the recession.

Mortgage rates were a lot lower than that for a very long time over recent years and 6% looks quite high (4.29% fixed for 2 years from Halifax) . The house I had when mortgage rates were at 15% cost about £105,000. So interest payments were higher. Icing on the cake is that the house was sold 3...

Boomers also had low wages and astonishingly high interest rates. Didn’t Blair introduce university tuition fees In 1998? Brown sold all the gold at rock bottom price and fucked private pensions. Amazing how OAPs can be so effective when they aren’t basically organised. Not enough services is...

Compared to those who treat there body as a temple, Smokers pay more, vapers will soon be paying more as well. Drinkers pay more. Should put a 20% tax on junk food, McDonalds, Burger King, KFC, Subway etc. to address the obese.

Everything will be fine, this is a budget for growth that will fix the foundations of broken Britain.

Very good advice.

That’s pretty much how I feel about it.

What are the odds of a pint at the CBS being 1p cheaper henceforth - or anywhere else for that matter? Capitalist bastard landlords everywhere will pocket It

Why did we bother?

It only would have taken one person to be in the know and to put it on social media for it to become widespread, public “knowledge”. If people have been punished for spreading lies on the internet which turn out not to be lies, shouldn’t they be exonerated.

Your maths is wrong, our increase based on those figures is 68%. I’m never listening to any economic advice you give again, .

I’m still not convinced at a quarter speed, Haji seems to move his hand away pretty sharply. Not the best angle though.