Tax will be going up each year now, easy target. |
Vape producers will be able to sell vapes that are below 10ml and not be subject to the tax? Is that correct? |
I think we will see Bats in the 2550 again, it's just markets look weak. |
The best ISA holders could have hoped for was a freeze on allowances, and thats what we got..
5.58 Individual Savings Accounts, Lifetime ISA, Junior ISA and Child Trust Fund Allowance – Annual subscription limits will remain at GBP20,000 for ISAs, £4,000 for Lifetime ISAs and £9,000 for Junior ISAs and Child Trust Funds until 5 April 2030.
Worst case was a ceiling and a cutoff for IT/CGT threshold, so we have done well.. |
It was inevitable that vapes would eventually be taxed. We do not know what the flat rate duty on vapes will be (from October 2026), but it is essential that the differentials are such that they drive switching to the much safer vaping option.
The UK market is small but can set the scene for others to follow, encouraging global legislators to slant taxation in favour of smokers switching to a healthier vaping alternative. |
Fortunately the UK isn't very important! |
The main winners today from the budget were the gambling companies that got off unscathed.House builders popped and then went down after the full budget details were revealed.The proposed £2.20 flat tax levy on 10 ml vape liquid didn't help but could've been worse i suppose. |
BATS drops from the day high during the budget but IMB does the opposite. |
LLB - don't forget the new red tape, sick pay from day one etc....
I have been speaking to a joiner who has stopped employing anyone for the reasons you mention above.
Worst affected will be the "apprentices" who only cost him money and could walk as soon as they thought they had enough experience. |
Anyway, a Trump win will be very good for BATS as the market there is what matters way more to the company, not broken Britain lol |
Liz truss crashed the bond market and the Pound ...
Rachel will crash the economy in its entirety!
Who is going to employ youngsters for an extra £2500 per year (new minimum wage)? Youth unemployment will soar as no business wants to take the risk and then not be able to get rid of them (thanks to Angela's new workers protections) |
I think healthcare, house builders and large construction firms might get a bump from the infrastructure investment promised but apart from that not a lot. |
What will Red Rachel do to markets today lol |
2550p here we come if Reeves to tough on capital gains etc. |
Tornado
Yep, the National debt is the elephant in the room in many places, not just USA.
Doesnt matter who wins the presidency, the US Nat Debt will keep on rising.
Being world's policeman and paying for Europes defence cost money.
likewise for UK as we close in to £3trillion in official nat debt. No worries about all those off balance sheet liabilities which arent underpinned by payers in now because most newcomers are withdrawing at the front end(not paying in for 40-50 years) thereby propping up the NHS ponzi, the welfare ponzi, the Pension ponzi and general public sector largesse. |
Redbaron, from my view a lot depends on how the US economy develops in the next few years. In the last Trump Presidency (prior to covid), he was a strong supporter for US wealth and the NASDAQ. He is pretty much continuing where he left off, but the elephant in the room is the trillion of $ debt.. When this come to roost and not dealt with, then things could become very scary indeed, but for the complete world institutions. A lot of risks/life pressures for us all moving fwd, but that, for me, means smoking will be here for many decades to come. I am long in both BATS & IMB |
Thanks tornado12.....With 40% of BAT's earnings deriving from the US that's why i think the share price at this level is compelling going forward for four years if Trump is elected (plus the deregulation he's advocating helping big tobacco with regards the banning of menthol and other things the Dems and FDA are keen to do) but i'm interested in what are the mid term prospects for the US dollar.I can't see protectionism and deglobalisation being good for the dollar can you? |
I think TRUMP is generally good for the US Index, but certainly a negative for ROW. He has been a strong instigator on protectionism and deglobalization for manufacturing , which is what a lot of the US workers like |
I like the prospects for this share at these levels if Trump (8-15 on in betting presently) is elected but does anyone else have ideas about how the rest of the FTSE 100 index and shares are likely to react.Are we going to see dollar weakness if Trump is elected thus helping dollar earnings for those with results in GBp? Any ideas or historical references for when Trump was elected in 2016 would be helpful.....must confess i can't remember the Trump presidency except for a booming US stock market.I can't remember what the FTSE did post election that year.Obviously not much as the FTSE index hasn't done much for years now as an index as a whole. |
Just being in the FTSE and pound denominated is enough to have impact from local UK chaos |
I thought all BATS business was outside the UK so the budget wont affect BATS. Am I wrong about that? |
I thought I read, I may be wrong, tobacco duty brings in roughly 12 billion pounds, costs NHS 2.6 billion, so duty will rise, easy target. Vapes how much would that bring in for Reeves. |
#Topazfrenzy, not so much a controlled decline business anymore like stick sales, as PM recently reported, vaping is a growth sector, fact is any Gov needs the tax revenues they could not function without them, the NZ smoking ban was overturned for this reason..
Vaping regulation and duties are coming, but that in itself controls what will be illegal imports, and opens up the market for regulated taxable products for sale..
Payday on Friday and see how far this runs up to the next XD before Xmas.. :o) |
Vapes have definitely reversed upwards the amount of new nicotine takers, expect millions of future punters, good or bad it will make tobacco companies big money for years to come ..
The nicotine industry was in decline and now it's rising substantially |
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