What is going on today? - Megathread

Maybe they did it because the ftse100 is so easy to beat. And makes people feel good.
Unless you have my account :joy:

2 Likes

From the thread where this is discussed

acampAlex CampbellHead of Communications

1d

It’ll be switched back to VWRL on Monday!

The team did a bit of extra work so able to let you swap between benchmarks. This isn’t quite yet ready but as you can see today, it’s getting there.

2 Likes

At present I own only one ETF: Amundi Prime Global UCITS ETF DR.(PRIW)
I’ve picked PRIW after watching one too many PensionCraft’s videos :laughing:
Global, large & mid caps, very cheap, relatively large size, 2/3 US stocks, 1/4 tech stocks, exactly what I wanted. And with a small dividend yield, irrelevant now but it will become handy in the future.
I’ll ignore the Tories vs Labour narrative, not factual enough :stuck_out_tongue_closed_eyes:

Can you be more precise?

Tories came back to power in 2010 and look what has happened to the capital gain tax rates and allowances (here ) and to the dividend allowances (here).

Now, where are the evidence that a Labour government would penalise retail investors in the same way or more that the last 5 governments led by the Tories. Mind, I don’t like Starmer and despise Corbyn and his supporters (still strong inside the party), and even if I liked those dinos, I cannot vote as I’m not a British citizen and I’m not planning to become one anytime soon. I’m talking as a tax payer and retail investor.

1 Like

Things being muted what Labour will do

  1. 300% increase in NI on everyone earning over £50k
  2. raising capital gains tax (CGT) on shares to 37pc and on other assets to as much as 53pc; charging CGT on death and on leaving the UK; and hiking the basic rate of dividend tax from 8.75pc to 20pc.
  3. charging National Insurance on rental income (at a rate of 20pc for basic rate taxpayers).
  4. extending employer NI to also cover employers’ contributions to pensions; cutting the Ā£270,000 cap on tax-free pension withdrawals to Ā£40,000 or even zero.
  5. slashing the VAT registration threshold for businesses from £85,000 to £30,000
  6. abolishing the nil-rate inheritance tax band, making everyone subject to IHT

:cold_sweat:

It’s going to be a miserable long decade

1 Like

And the source is…?

3 Likes

https://www.telegraph.co.uk/money/tax/labour-inflict-even-more-tax-misery/
:blush:

Your source is an opinion column by an ex-Tory MP…?

8 Likes

And quoting Labour Party think tanks … or are they all made up lies

it’s not quite the same what Tories HAVE done and what a Tory columnist thinks Labour could do in the future with many ifs.There are several think-tank, coming out the craziest ideas (ask Liz Truss), they don’t all make their way in the manifesto, become policies or get approved by the parliament as law.

I don’t think Starmer will push for those crazy policies, he is aiming at expand Labour’s electoral base to the centre and winning back the working class. If my crystal ball is wrong, well then they deserve to loose yet another election and all the little people earning less than Ā£100K will have to embrace for (tax) impact.

[A few edits, sorry. I haven’t drunk my first coffee yet :frowning:]

4 Likes

I can see a few other things ā€˜being muted’ if this kind of tedious chat starts creeping in to the Freetrade forum. Hopefully just a moot point.

4 Likes

What a source :joy: education in this country has gone down the pan. Quoting a Tory mp on made up Labour policies. No wonder we are in such a mess

5 Likes

can anyone please link to the official labour policies … I’ll be waiting :rofl:

1 Like

All draft currently as no manifesto will be released until the election

4 Likes

all reads a bit biased towards labour to me :woozy_face: :rofl:

2 Likes

It’s Labour policy platform - what were you expecting? Unsurprisingly none of what a Tory Mp said labours policies were appears anywhere

4 Likes

and this is the thing, cant trust what the Tories say, cant trust what Labour say … there’s nothing out there that’s not biased one way or the other … everyone should vote Reform ! :rofl:

1 Like

Are you implying that it hasn’t been miserable under the Tories? I don’t think labour will be the greatest, but I don’t see how they can be any worse than the current shower of shit

7 Likes

US markets opened early (by UK time) as they had daylight savings yesterday. UK time does not move until 31st.

Was wondering why my US prices were moving already :rofl:

6 Likes