Chartered & Certified Financial Planner at @stoverfp. All views are my own.
Devon, UK
Joined October 2010
- Tweets8.7K
- Following1.8K
- Followers2.2K
- Likes25.1K
Peter Blackburn retweeted
If this was your fitness tracker you'd be looking for your GP's number!
When the state grows faster than the private sector on which it depends, it cannot end well.
h/t @Frencheconomics
Peter Blackburn retweeted
From 24 November, HMRC will charge 8% interest if you pay late - but pay just 3% when it owes you.
A five-point spread.
Interest-rate arbitrage at its finest.
Peter Blackburn retweeted
This shoudl also be a reminder that the cost of living crisis is in large part government imposed. You wouldn't have one if you weren't paying so much tax to cover regulations and subsidies. See housing as below, energy, labour costs etc etc etc
Did you know government-imposed costs are responsible for more than half the price of a new build London flat?
Really important new report from @Ben_A_Hopkinson and Edward Donov👇
Peter Blackburn retweeted
From April 2027, if you die after 75, the taxman could take 64% of your pension fund – while your kids share the other 36%.
Tax Policy Associates estimate that over 20% of retired households will be impacted (50% in some areas).
And yet few people are even aware.
Peter Blackburn retweeted
Torsten Bell's guided retirement plans are built on a flawed premise, that it makes sense to deliver default income solutions based on a single pension pot, rather than helping someone engage with the entirety of their financial and life circumstances..
thetimes.com/money/pensions/…
Peter Blackburn retweeted
It's no secret that the UK's welfare system is broken.
But did you know that 75% of constituencies in England receive more in welfare than their workers pay in income tax and National Insurance?
Peter Blackburn retweeted
If you asked anyone at HMRC what Adam Smith's four canons of taxation are, I doubt they would know.
In any case, they are that taxes should be:
1. equal and proportionate.
2. convenient.
3. certain.
4. economic.
On 4, the point is that the cost of raising the tax should be minimal, so that what actually reaches the treasury closely matches what was taken in the first place.
Meanwhile at HMRC
Peter Blackburn retweeted
Today was the worst market decline since the last one you don’t remember or care about anymore.
Peter Blackburn retweeted
“If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.”
— Milton Friedman
Peter Blackburn retweeted
Marks & Spencer boss accuses Labour of ‘one of the biggest tax grabs in history’ bit.ly/4BPEa8H
Peter Blackburn retweeted
Too many speed cameras. Not enough police. A camera only catches speed. It can’t stop tailgating, lane hogging or phone use. An officer can. Traffic officer numbers are down almost 25% in a decade. We need officers, not cameras.
@ukhomeoffice @PoliceChiefs
#MotoringLaw
Peter Blackburn retweeted
Tax policy doesn’t just affect take-home pay. It shapes lives.
The lifestyle choices downstream of a poorly designed tax and incentives scheme:
Downsizing, fewer children, moving to part time work.
These are not good outcomes for the economy - or society.
Peter Blackburn retweeted
“The government is too big. It’s too intrusive. It restricts what we can do. It’s becoming our master instead of our servant.”
— Milton Friedman
Peter Blackburn retweeted
A friend of mine who lives in Leigh on Sea in Essex runs his own garage in Kent. He employs about 10 people. He's nearly 65.
We went on holiday to Skiathos with him and his wife 2 years ago and even on holiday he was constantly working on the laptop and 'phone dealing with enquiries, orders etc.
When you own a business, you never stop working. Working and worrying. Because people rely on you.
Someone needs to tell the Labour Party this.
