Child-free pubs, bars, cafes, restaurants?
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For folks who are trapped in £2M houses that they just simply can't move away from and see themselves as asset rich but cash poor as they bought it for a small fraction of the current value back in the 80's or whenever, how about this: House inflation in the UK is currently 2.6% pa* - that equates to £52,000 per year gain on the asset. Don't worry at all about the money you've earned to date by just simply living in your own house, but from this point you could realise (borrow against) that whopping £52,000 a year that the property is going up by, and cover this new tax amply. *yes I'm aware London is dragging compared to national figures here, but family homes in London are outperforming smaller properties, and that has certainly not always been the case.
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Chris Essex-Hill on Crystal Palace Road is a Mac Specialist. I've used him a few times and he was very good. Strongly recommended. His phone is 07956 288958. EKW
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Thank you, Malumbu. I was going to say something similar, but I didn't have the figures.
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No no no and no again. Pay per mile will hopefully be brought in for all vehicles. Governments will continue to decide whether we raise revenue (general taxation) from road vehicles. Similar to the way we raise money from CGT, inheritance tax, fags and booze. The last few governments have sadly overseen a reduction in the revenue from motorised transport due to freezing, and then a (supposedly temporary) reduction in fuel duty. That is 2.4 billion less to spend on hospitals, schools, or whatever. If you want a low tax, low public service, economy, then you should not live in Western Europe - apart from the odd tax haven although you'd need to sell your £2million house to afford to do this. And that will buy you a shed in Guernsey. Fuel prices are loosely similar across Europe. The exchange rate is an important factor. Fuel was around 28 p a litre in 1980 (after the Tory government, yes the Tories, added 10% in the budget, yes 10%), that is about £130 a litre nowadays, although the price of crude is the main factor which has been volatile in the last twenty years. A pint of beer should be around £2.30 a pint in London based on 1980 prices. It isn't.
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East Dulwich Forum
Established in 2006, we are an online community discussion forum for people who live, work in and visit SE22.
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