There is nothing like getting continually screwed by your own government through various malpractices. (More on UK Winter Fuel Allowances tomorrow).
Some of these stories are sad. Some are mind boggling and some are outright hypocritical.
Taxes
‘’In this world nothing can be said to be certain, except death and taxes’’
Benjamin Franklin – 1789
There will be a wealth tax that will be introduced by the Labour government. The Autumn budget is going to be riveting and will likely send a lot of people out of the country and the wealth will likely flee. Our taxes are already at 70 year highs and they are about to go higher.
The likely proposed Capital Gains Tax (CGT) tax hike has already started to hit the property market. More landlords are starting to sell up and it is unlikely that other landlords will buy those properties. This will create a big supply and demand imbalance, thus resulting in rents going up, up and away.
In order to combat more people trying to avoid tax become more tax efficient, the same government is proposing a £5 BILLION investment in Tax Officials.
One way to negate this is to just make the tax code simpler and to also decrease spending.
If there is a black hole in the budget then try spending less rather than taxing more. Trim the fat from the government and turn government into a lean, mean, green governing machine.
Energy Bills
We will forever be screwed over energy policy in the UK.
Now it is proposed that wealthier households will pay more in order to subsidise the heating bills of the poor. WOW! Talk about madness.
All at the same time that our very own National Grid is subsidising wind farms to NOT PRODUCE energy. Another £2.48 MILLION down the drain.
Oh……by the way, those subsidies will get added to YOUR energy bills at the end of the day.
With sheer nonsense like this, it is no surprise that more and more people are becoming increasingly disillusioned with life here in the UK.
Heat Pumps also do not work on a multitude of buildings. In the wrong building in the wrong place and with the wrong insulation and thermal qualities, heat pumps are pretty much doomed to failure. If you have a heat pump then congratulations because I would imagine that your energy bills will increase because the electricity unit price and standing charge prices are only going to go one way. UP!
Councils
Having a Low Emission Zone or a Ultra Low Emission Zone is bonkers and basically is a cash cow under the guise of climate change. When you read that THIS COUNCIL has had to bill itself over £1 MILLION because it has hired vehicles for use that DO NOT even meet ITS OWN Low Emission Zone rules.
That would be hilarious apart from the fact that the same council will likely jack up the council tax bills so that the local people have to pay for the inadequacies of the council.
Either that or the currency gets printed by the Bank of England (or maybe Scotland). Hello Inflation.
Housing
Try to avoid new build homes from big developers. The build quality is becoming shoddier day by day.
Solutions
1) Speak to an accountant and/or a tax accountant and chat about your situation. Any good accountant should offer a free introduction call. Being as legally tax efficient as possible is something that we should all strive to achieve
2) Protect your purchasing power by looking at gold and/or silver. The commodity markets have been heating up somewhat nicely and getting out of the system is very important.
3) Try NOT to buy new homes. Although they may come with ‘guarantees’, overall their quality is getting worse and the big housebuilders seemingly just do not care
4) Write to your local MP about rip off Britain and how/why our energy bills are so high!!!
5) Start going off grid and becoming self-sufficient. Maybe look at growing your own food, having a water source, installing solar or something where you are becoming less reliant on the system and less reliant on others
50% OFF FOR LIFE
To celebrate the new weekly newsletter (out every Friday to paid subscribers only), I’m offering 50% OFF Monthly and Annual Subscriptions for LIFE. Use the button below to become a paid subscriber today.
PS - There is also an option for a one off lifetime payment!