I’ve heard the farming inheritance issue.
FfS write a will and give it to your spouse.
There are other loopholes too.
Isn’t a will for when you’re dead?
Umm yeah thats also when people inherit your estate
Also heard there’s a legal challenge started on the VAT on orivate schools issue. Its based on the ECHR right to education and aimed more at children with special needs or small religious schools.
I can have some sympathy with that even if in some cases the fees arent that huge but I am particularly looking forward to scum Honest Bob Jenrick who has long argued for the UK to leave the ECHR to support a case being brought using that very thing as its basis.
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And end up having to sell up due to no disposable funds, as all the value is in the property?
There are numerous loopholes one of which is gifting your estate to your children 7 years before you die.
Now no one knows when they’ll kick the bucket but if the farms round here are anything to go by the children often end up with a property on the farm and farming the same land.
Just gift it at say 60 years old (arbritrary figure)
Farmers (in certain parts of Wales for sure) tend to be a little “right leaning” so seeing them having a moan is no surprise. When have you not seen a farmer moan about something particularly if money is involved, but its also worth knowing that if there’s a work round they sure as hell know about it.
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As my friend says, “I’ve never met a poor farmer”
Not so sure, some sell up and Brexit has properly screwed them in some cases. It’s a tough life but they are crazy resourceful and being honest i’d much rather a farm stayed within a farming family rather than some cock with a tv show.
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They still receive the full £2.4 billion per year in EU farming subsidies, alongside all the other subsidies. No doubt that they work hard and agree with the rest of your post
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Each?
Nice lifestyle.
Tax the cunts to death I say
Farmers are generally great believers in the virtues of free markets for everyone else.
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Do they actually receive the full £2.4bn, and what are the other subsidies they receive?
My understanding is that the £2.4bn is now a grant based scheme, with the focus on on meeting certain targets - I think implemented by the Tories and now continued by Labour - grants including improving water quality and bio diversity, which I am sure, that in order to achieve these targets, will involve investment from the farms financially and in labour.
Also, the £2.4bn subsidy has been fixed since 2019, whilst the sector has seen costs rise by 44% (speculated figure). To imply they just get £2.4bn for just being farmers is a bit dismissive.
On the other hand, the Government are bailing out Thames Water for £3bn. Thames water who were just fined £104m for unregulated discharges which they can’t pay whilst still paying dividends of £158m. Furthermore they have suggested that bills will need to increase by 40% in order to upgrade the infrastructure. On top of that their CEO earns a reported £850k annual salary.
As my friend say’s “I’ve never met a poor CEO”.
The link suggests 54% of Farms are owner occupied.
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They aren’t bailing them out. The shareholders are getting hammered. They aren’t letting Thames Water collapse. If you want to hold a CEO accountable, you are about 7 years too late.
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My point wasn’t to hold a CEO accountable. I was just highlighting that he earns £850k a year. I just thought it was relative to the £1m inheritance.
Out of interest, how are the shareholders getting hammered? By refusing to pay £500m to bailout the company. Also, what measures will the government go to not let TW collapse?
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Genuinely have no idea what point you’re making in conflating farmers with Thames Water CEO
The shareholders have largely lost the entire value of their investment. Tough luck at one level, but the current shareholders have generally made exactly the same mistake as virtually everyone else involved, believing in an overly rosy scenario about a decade ago where chronic underinvestment was not a problem, services and dividends could be maintained indefinitely.
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This was highlighted on question time last night, when talking about the NHS.
The point made was no matter how much money is thrown at the NHS, if there isn’t reform and things aren’t done differently, then nothing will improve.
The NHS is always being reformed.