Found the woke liberal Gender equality is not an issue- the world was so unequal for so long and here we are. Perhaps it's the new Liberal policies 🤔

You keep saying constantly that Universities are private entities. However, they are not and probably this is the misconception that has led to their economic collapse. In contrast to all other private companies, Universities cannot set the price of their product (this is set by the government). They also rely on governmental policies, for example BREXIT has removed a significant percentage of their customers as no EU student will never pay these overseas fees given that in the EU fees are extremely low or do not exist. Also to justify BREXIT and reduce immigration, the government has eliminated customers who cannot bring their children in the UK when they study. On top of that, the customer range is only a small fraction of the society (17-25 years old) and it is also getting very narrow as customers that have a very low mark are excluded. In short, it is presented that universities are private companies but they cannot set the price of their product, and they cannot sell it to any customer who is willing to pay.

Governments push growth with mass immigration which pushes land and property prices exponentially which also lowers wages and makes jobs insecure and hard to find. Try getting a mortgage on a low wage pricing people out of house and home is not the mark of a civilised society.

nobody want bring baby into world too much bad stuff

Every time I hear that people used to be able to buy flats on a normal salary and then the same generation asks mine why we don't have kids. I live in one bedroom apartment, how many people do you want to live here with me? 4? 5? 6? Insanity

This episode is great! Excellent back and forth

Paul, your tacit support for the budget makes it clear you know nothing about economics😅

Part of the issue in the UK is lack of optimism. Everybody expects continued decline. Things have got progressively worse over the last 15 years and nothing being done now looks to reverse that. It also doesn't help that governments can move the goalposts on childcare benefits.

Parent are most vulnerable group in society. Almost every gov and non-gov entity are targeting them to control and extract money.

And may it continue

So freeze rents and ground rents for anything built before 2000 to incentivise new builds and freeze stamp duty for anything built in London and the South East.

How the hell can gifs be tracked ? I actually keep a spreadsheet on this note.

Council Tax is a necessity. As people can't hide their property. Some people are very good at hiding their incomes (cash in hand, offshore earnings) and avoiding VAT (buying from countries with lower VAT, or putting purchases through their companies).

tax changes around the housing market are irrelevant to market conditions. go back to the basics of supply and demand. supply we are building at peak for years. for demand something changed in the late 1990's. immigration of 1 million people a year when you build 250,000 homes a year will always raise house prices

Disappointed by this video as the detail is not there and it seems misinformed in several key areas. I expected better analysis by IFS.

Another stark reminder of what dire straits Britain is in and how the path of improvements is rapidly petering out as we edge our way towards national bankruptcy

I believe that the estimate of a 1.2% increase in the percentage spent on state pensions is a gross underestimate. The triple lock logic is far more insidious than most realise. It can end up driving down wages and incentives causing national income to fall whilst state pensions are fully protected against inflation. The only way to avoid the disaster that the triple lock will eventually cause is to get rid of the triple lock, or raise state pension age quickly.

When there is a queue to live in Burnley then put the tax up.

First rate discussion. Thank you!

An excellent video. I hear Paul is moving on to other things. I wish you the best Paul. You will be missed.

I’m glad they make clear the shortage of housing. But regarding council tax, surely having generations of adults living with their parents paying £0 of council tax, where if houses were in sufficient supply and affordable there would be far more home owners/council tax payers? Surely local home owners would support the creation of new houses local to them if it meant maintaining/reducing their council tax bill as opposed to increasing it?

Discussing better ways to tax people. An oxymoron if ever there was one.

I think that you’ve missed the point IFS. Is taxing a constitutional right not unlawful and unconstitutional and is not a regressive tax system in itself also unlawful since it violates equality legislation and constitutional and human rights, adversely affecting low-income citizens as it does and when banks licenced by government so required by law also not to discriminate against depositors or borrowers in controlling credit, add to the unlawful discrimination and inequality creation to boost asset value by maximising house prices and therefore also rents? As housing is a human and constitutional right the banking system is also required by law to keep prices affordable for ordinary depositors so those buying second and third etc. houses must be charged double and treble etc. the interest rate if those with no houses are to have an equal opportunity to purchase. This inequality is further increased when government spends budget deficits, which is all the time and all they spend when what they owe in total exceeds what they can repay in one year - to avoid unlawfully taxing children and future generations for interest payments but also since the borrowed taxes are credited to those paid them and made into future liabilities for those not paid them i.e., they have to be repaid to the lenders to government by those not paid them and because of bank unlawfulness in accepting the borrowed taxes as deposits and not depositing them into the accounts of those they're borrowed from i.e., those not paid them, they must be repaid again in taxes for those paid them who save, spend, and borrow with them. That double taxation represents a massive unlawful and unjust property confiscation that must be vindicated for the victims. When a return to the rule of law on credit control can almost solve the housing crisis for local authorities and a transfer to VAT of the cost of waste management etc. where those who earn the most pay the most, can eliminate the inequalities created by the council tax, and when a return to regenerative farming that produced foods with the essential for body and life protein, vitamins, minerals, and fatty acids that protected consumers from disease, which have now been almost completely eliminated from foods by chemical farming practices that provide the soil with none of the vegetative matter to provide the vitamins and no crushed rock powder to provide the minerals, which are essential for good health and illness-free lives and which before the advent of conventional farming needed only GP care for most people until old age when small local hospitals were then sufficient to fill the need. This can reduce the present pharmacological, hospital, staff, and healthcare costs needed for about 40% of people and that is now impossible to afford for the numbers needing it, for councils and for governments and when it increasingly seems that governments are avoiding this reform because it will fiscally interfere with the taxes they earn from Big Chem, Big food, and Big Pharma and the hostility and loss of lobby income from the big investors in financial market prices of the stocks and shares of those three plus that of the construction industry profits for investors from building public and private sector health infrastructure etc. it means a loss of human, constitutional, and democratic rights for all citizens except those profiting from it but who also suffer the same health problems as everyone else. Adding them to those of the fossil fuel industry that collectively now seems to dictate fiscal policy and everything else economically and that by continually reducing consumer incomes with unlawful inflation and currency devaluation are destroying economies and enslaving bank depositors not employed by government. That's no exaggeration when what politicians and everyone working and being paid by governments now own and owe has been and is respectively classed as 'assets' by banks and made into 'liabilities' for those depositors whose own deposits were used when those unpaid future taxes were accepted as deposits, spent, and borrowed with, and now left for them, their children, and future generations to pay in taxes. The banks therefore now with minimum reserves don't have their deposits to return to them if they all asked for them so those of them without houses have lost them and owe all their present and future savings, until all the debt is repaid for those paid with non-existing future taxes, and are therefore truly slaves in name and in reality to them.

Could i throw in a random housing tax - if you try to build your own house, you also get hit with Council Infrastructure Levy, which is not small.

Interesting! Thank you

Extremely under rated and very well explained video thank you

So instead of firing useless and non essential civil servants, we have to foot the bill

I live in North Surrey and Stamp Duty is a big issue deterring older people from downsizing. In principle it discourages people from doing something good, which is to move to more suitable accommodation. In principle, a bad tax. Better to tax wasteful, luxury consumption and pollution.

Poor landlords 😂. Buy to rent has inflated house prices, trapping people in the rental market which means they possibly can't retire and can't pass on wealth to families. Not shedding any tears for this guy.

Good

Council Tax should work the same way as NNDR/BR does, it should be based on sqr/ft or mtr/sqr of the property and be modified by a regional multiplier applied depending on the location of the property.

She just said it’s culture not money

I’ve always been vaguely confused by the logic of inheritance tax. The panel seemed to take it as a given this should be higher/more etc… Can someone who supports it explain why people should be taxed on all the wealth they’ve worked for their entire life because they’ve died. It doesn’t cost the government a penny when someone dies, so what and why are they taxing it - can someone explain the logic of the position?

Paul, when are you going to apologise for supporting the Labour budget??

social care, education, rufugee projects should be paid by central government so it makes a fairer playing field. also why do we subsidise london in council tax?

Omg… it’s Adrian Newey

Comparing owner occupiers against landlords rather than against renters and tenants seems a bit strange.

Home owners can't deduct any interest against tax, same should be for landlords

Ohhh Noes - wealthy individuals will be incentivised to invest in businesses, jobs and productive assets - instead of buying up family homes & receiving a risk free, low tax, passive income for life.

Another wrong statement. Your total income is taxed.This includes government pension.The DWP refuses to be a tax collector so all tax is taken from private pension after your income goes over your tax free allowance.

Stop accepting illegal boat people they’re economic chancers .

Bizarre this discussion takes no account of the impact of importing 10 million more people to the country needing housing on the cost, price and availability of housing. Or the spiralling cost of housing benefit which now costs about the same as we raise in business rates - a massive subsidy to landlords which incentivises buy to let and rental levels. Perhaps we need more people involved in policy debates on housing who live in Stoke or Stockton than Surbiton. And maybe we will only get more affordable housing for our kids and grandkids when people love them more than they love their high house prices and asset wealth. In the end the price of housing is absolutely crazy in the UK - boosted by a massive rise in demand due to migration and money printing/artificially low interest rates. And when all the policy decision makers own houses in Surbiton, Primrose Hill and Barnes - it is never going to be solve because despite the talk they have no interest in doing so! No wonder TIm opposes a council tax revaluation owning a house in Surbiton - under the old domestic rates situation/a proper reform of council tax he would be paying thousands more a year (and quite correct too) with reductions for people in the north - his opinion is hardly unbiased!!

No

Council tax is not funded by Central government, so it the same spiral as inflation, the more dole dossers in an area the more working people have to pay (for worse public services, eg schools and GP's) so working people move out leave a void for more vermin to bleed the local council dry.

Just go bald

Just change the “right place”. There are probably already houses there. If you are telecommuting you can live anywhere. If a company doesn’t allow telecommuting for no reason besides policy for policy’s sake, charge them a fine. There. I fixed it and created a new revenue. You’re welcome.

Capital Gains Tax for owner occupiers is the best step

get an autocue so you at least look like you are not just reading this shit.

The opposite of Sean Dyche.

Part of the solution IMO is to create good jobs outside London & the South East. I would prefer kids from the North not have to move to London in order to have a successful carear.