UK 17:13 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In this bonus podcast I discuss all aspects of today's UK Budget from Chancellor George Osborne. It was an intensely political budget from Mr Osborne but not one I believe in very much. I failed to mention the lifetime ISA that lets help young people overpay for housing gimmick. It will not address the real issue that is asset inflation, instead it may fuel what is a bubble that bit longer.
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Comments
Striebs
Tom ,
Chertsey and Staines were sacrificed to save London from flooding . If anything there should be a transfer payment from those towns which were favoured to those upstream which were sacrificed for them ,
I disagree with an insurance premium tax in principle but if we are to have one then it’s probably better that it is hypothecated to reducing future claims – thus reducing future premiums .
The insurance industry does much the same thing – recovers losses in one class of business by bumping up premiums across them all .
Drunken Sailor
If you look at the high flood marks and the years in which they occur around the country you find that high floods ie high rainfall, occurs for a decade every 6 decades – we are now at the end of that decade. There will still be the odd flood, but effectively the risk has passed for another 50 years, by which time all the money spent on flood defences will have been reversed by other factors and the Somerset levels will flood yet again.
David Russell
Sugar tax, They want to stop drink driving but they put the cost up of soft drinks it makes no sense.A glass of coke costs more than half a lager already. A tax loophole is not illegal but it seems that most of the tax loopholes are being used by the people who should follow the spirit of the law and pay the tax. The Parliamentary expenses scandal back in the day revolved around MP’s second homes in London and this speaks for its self. If they want to close Loopholes look at AIM and close the door on fraud and bring in Robin Hood and Friar Tuck to regulate the market properly because something is not right at present. Its not all about Tax.:)
Damosin
I would think that increased ISA allowance and capitals gains tax particularly relevant to your readership. 20k allowance clearly a targeted benefit for the older, richer tory-type voters – it would be a huge amount for the average saver to set aside each year.