How many years would have to go by before there was any material impact on tax revenues - stopping 16 then 17, then 18 year olds from legitimately buying cigarettes?
Even then to counteract they could just put up the tax by a % or so.
There is a much lower % of young people smoking so they are already a declining source of income compared to previous generations.
The way party politics is driven you can imagine the outgoing party would be happy to reduce the next 5 years tax take anyway so they can blame the new govt for having to raise taxes... |
#Kiwi2007, in NZ the law got repealed to fund tax cuts, the Gov could not balance its books without their duties and income..
Here in the UK duties/taxes bring in around GBP10BN a year for the exchequer, take that off the table and it has to come from elsewhere..
Bargains for under or around 2300 in March/April in the pot for the long term, a 10% compound return for 7 years owns your full holding for nothing and what it is worth at the end is the bonus, but at some point there will be consolidation in the sector IMB/BATS will undoubtedly be a big part of it.. |
Of course it won't come in here. Nanny state, don't gamble, don't drink, don't smoke, don't vape, don't eat it too much, drive electric cars only. |
I wanted to add a comment on the discussion in Parliament about banning smoking for people born after 2009. I talked to a colleague about the proposed ban (my colleague has some involvement on the law side). We discussed the impact on many facets of age, discrimination, equality, etc.
My colleague suggested that a few court cases will be brought on the aforementioned topics. With the outcome of the Government losing and probably the law change after a large payout.
Sometimes people lose perspective on what they trying to accomplish.
Also, common sense sometimes does prevail after a decision is made poorly. Wales reviewing the 20 mph limit nationally only to be used around schools, hospitals, and Nurseries.
Happy Investing |
I think you're correct about Mordaunt. Electable. The only potential exit strategy from obliteration. |
It won't happen, Sunak gone after local May elections wipe out.Morant will be next Tory PM, she was against it. That's the way I see it. |
Took my last few pounds and went in 2257 this morning was tempted to wait but can t ignore the dividend
Back on the top rail for me
Humpty Dumpty eat your heart out |
#Spawny100, what a world we are heading into, everything controlled, 20mph zones, CCTV, drive electric, do this, do that, earnings taxed to the hilt every which way, and not even allowed to spend whatever buttons are left over on what we chose to FGS..
Come the revolution citizens, sooner or later governments, monarchies, dictatorships all get thrown under the bus, there is a tipping point..! |
LLB that's where digital ID and CBDC will come in. It would be really easy to allow a 41 year old to buy stuff that a 40 year old can't with these in place. |
sorry. duplicated. |
That policy is nuts IMO, has to pass the lords next, but good luck policing it at corner shop level, I can imagine the push back being told 'no' by a spotty teenager shop worker to a grown up who is not allowed to make their own decisions now their roles are reversed.. :o) |
Many tories voted against the government bill on banning smoking for anyone currently younger than 15.
Labour and the LibDems voted FOR the bill. LibDems also want to legalise cannabis.
A mad world. |
Where would the share price be if it wasn’t for the BB , still been going south again all week and interest rates still a long way off which could help the share price on the up , no end to the decline in sight . |
Buying today. They seem to be the only buyer in town.
Expect RNS this evening |
Question
Have they paused the buyback?
Seen no mention in the RNS this morning
Are they going down another route where maybe they can exhibit some control?. |
Buying uk shares now known in the city as “ the bug zapper trade “😂 Smart money gets rid of stock specific risk and uses quality low cost trackers, grows capital with quality growth companies. You buy XLG type etf’s usd denominated, not this ftse dogshyt. uk shares equal….buy for that “ juicy yield “ and lose two thirds of your capital. Doesnt help sterling is in high speed terminal decline since 2016. |
You are generating high dividends McCuniffe.
BATS gettimg creamed due to legislation being introduced even though no big preseence in UK |
The market is unpredictable.
The market is manipulated for the gain of a select few.
Who knows?
I've come to the conclusion that my SIPP is perhaps better invested in mundane tracker funds that I can ignore until March of each year when I wish to draw-down.
It may be fun investing in the likes of BATS DGE PHNX LGEN RR TFIF RECI but it seems not to be overly successful on a month to month basis. |
Can’t quite understand why the Share price keeps dropping like a stone ever since the buyback announcement, even today with the announcement of paying some debt off still falling. |
Repay long debt with proceeds of sale of ITC which was long trrm investment. |
Looks like they are tendering for repaying very long dated debt which is some of which is currently a low coupon 2.25% but ranging up to 4.75% for ... a 5% early redemption premium + a floating rate premium of about 1.7% ... ?
So why repay long dated ?
Could it be the market value at current interest rates is below par ?
But does this tender mean it has to be above par ?
I have not looked at the debt profile - have they got shorter or more costly debt which would be preferable to redeem?
It may be a measure of their cash flow that they can target such long dated debt - look how strong our cash flow is ...
and it would obviously mean many years of interest saved.. but surely the onus for most companies is repay short dated so that the short / medium term is under control and no repayment events arise that are unmanageble... |
It announces to buy back a max of 1 billion worth of debt today. It's good news and why stock price keeps dropping? |
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