The Full English Accompaniment – A pile of post(s)

What’s piqued my interest this week month?

I’m back. I’ve tried to keep abreast of most blogs, but there’s been so many over the last month I’m sure I’ve missed plenty. Maybe I’ve picked up something you haven’t.
One of the things that happened while I was away was a letter dropped through my door to tell me that from next year, the Welsh Government will begin to have a devolved say on where income tax goes (1). They’ll do this through also setting a proportion of the income tax rate. Practically this will be by cutting 10p across all rates, and then allowing the devolved Welsh parliament to decide their own rate, much like the Scots (2). Aside from providing me with an interesting talking point compared to my saesneg counterparts, this could form the basis for some interesting economic differences.
The current Welsh Gov has promised to “fight austerity” (3). Elections in Wales are consistently won by Labour (surprise, surprise) (4). It wouldn’t surprise me if the devolved government put up local taxes relative to England to fund the local NHS, social, public and teaching services (which is what the identified taxes are supposedly for). As an NHS worker who’s worked in both the England and Wales, I would argue that the Welsh NHS system, never the victim of attempts to privatise or introduce market systems, works better. Years of underfunding means it doesn’t meet targets just like the English NHS. The subtle differences aren’t in the figures. Cleaners, porters and other allied healthcare professionals remain in house rather than subcontracted. There remains a pride held by staff who have often worked in their secure jobs for years. With additional funding it could quickly rise above it’s English counterpart. This would cause disparity in those public services between the regions. I assume in the long run the Gov will be keen to avoid this, to avoid service tourism or bolt-holes. It’s not so great for those of us hoping for a top-rate tax salary somewhere down the line, but worth considering for those looking at early retirement and a change of scenery.
The other interesting element comes in Welsh Gov’s pretty progressive tax ideas (5). It looks likely a vacant land tax will be a priority in the short term. Welsh politicians, away from the decorum and roar of the Houses of Parliament, are pretty in touch with their grass-roots. There’s more of a focus on local development issues, and manufacturing and industry are prioritised, particularly green and tech sectors. See the targeted investments in the North Wales Growth Deal and specific industrial sectors (6, 7, 8). In general I’m a fan of more local taxation controls so I look forward to seeing how this will pan out with more cash in hand.
Have a great weekend, and I’ll leave you with this on Brexit,
The Shrink
Side Orders

Other News

Opinion/ blogs:

The kitchen garden:

I’m off for a lie-down

What I’m reading:

The Book of Dust – Philip Pullman – finished, pretty good but not His Dark Materials. Great characters as always. Now onto…

Fools and Mortals – Bernard Cornwell

Religio Medici by Sir Thomas Browne – the theological and psychological reflections of a C17th doctor.

Enchiridion by Epictetus – Bedside reading for a bad day

References:

  1. https://gov.wales/funding/fiscal-reform/welsh-taxes/income-tax/?lang=en
  2. https://www.bbc.co.uk/news/uk-scotland-scotland-politics-43655803
  3. https://www.publicfinance.co.uk/opinion/2018/11/welsh-government-promises-fight-negative-effects-brexit-and-austerity
  4. https://en.wikipedia.org/wiki/National_Assembly_for_Wales_election,_2016
  5. https://gov.wales/funding/fiscal-reform/welsh-taxes/developing-new-taxes/?lang=en
  6. https://www.bbc.co.uk/news/uk-wales-46006697
  7. https://www.gov.uk/government/news/wales-creative-industries-to-benefit-from-major-new-research-investment
  8. https://www.bbc.co.uk/news/uk-wales-41189458
  9. https://www.telegraph.co.uk/pensions-retirement/financial-planning/want-early-retirement-ditch-day-job-follow-dreams/
  10. https://bit.ly/2zdJYuJ
  11. https://www.telegraph.co.uk/technology/2018/11/12/challenger-bank-starling-secures-10m-war-chest/
  12. https://www.bbc.co.uk/news/business-46037259
  13. http://www.telegraph.co.uk/property/house-prices/house-price-growth-falls-five-year-low/
  14. https://www.bbc.co.uk/news/business-46233111
  15. https://www.theguardian.com/business/2018/nov/12/interserve-shares-dip-to-lowest-in-30-years-amid-finance-concerns
  16. https://www.thisismoney.co.uk/money/news/article-6342135/No-deal-Brexit-rates-rise-says-Bank-England.html
  17. https://www.bbc.co.uk/news/technology-46195282
  18. https://bit.ly/2DLo2eu
  19. https://www.which.co.uk/news/2018/11/does-new-0-99-deal-offer-the-best-mortgage-rate-on-the-market/
  20. https://www.bbc.co.uk/news/business-46294104
  21. https://www.theguardian.com/business/2018/nov/20/us-stock-markets-continue-fall-erasing-2018-gains
  22. https://www.thisismoney.co.uk/money/guides/article-6308745/A-guide-new-digital-world-looking-five-best-known-app-based-banks.html
  23. https://www.theguardian.com/business/nils-pratley-on-finance/2018/nov/01/the-city-should-calm-down-it-could-end-up-becoming-a-rule-taker
  24. https://www.mrmoneymustache.com/2018/11/08/honey-badger-entrepreneur/
  25. https://monevator.com/house-prices-mental-accounting-and-leaky-buckets/
  26. https://monevator.com/navigating-the-brexitshambles/
  27. https://monevator.com/how-to-buy-and-sell-index-tracker-funds/
  28. https://humbledollar.com/2018/10/ignore-the-signs/
  29. https://simplelivingsomerset.wordpress.com/2018/11/22/run-towards-the-light-not-away-from-the-darkness/
  30. http://quietlysaving.co.uk/2018/10/24/dogs-ftse-dogs-q3-2018/
  31. http://quietlysaving.co.uk/2018/10/31/october-2018-plus-other-updates/
  32. http://quietlysaving.co.uk/2018/11/17/mainstream/
  33. https://theescapeartist.me/2018/10/23/get-rich-with-lodgers/
  34. https://theescapeartist.me/2018/11/06/why-would-anyone-write-a-blog/
  35. https://3652daysblog.wordpress.com/2018/10/20/where-is-the-snowball/
  36. https://awealthofcommonsense.com/2018/10/when-stocks-fell-10/
  37. https://awealthofcommonsense.com/2018/11/trends-time-lapses/
  38. https://youngfiguy.com/patisserie-valerie-what-happened/
  39. https://youngfiguy.com/what-is-early-retirement-like/
  40. https://youngfiguy.com/how-i-track-investment-returns/
  41. http://fiukmoney.co.uk/october-18-net-worth-and-monthly-updates-3/
  42. https://drfire.co.uk/the-importance-of-diversification/
  43. https://drfire.co.uk/october-2018-income-expenses/
  44. https://firevlondon.com/2018/11/04/ouch-tober-2018/
  45. http://www.msziyou.com/net-worth-updates-october-2018/
  46. http://www.msziyou.com/as-the-clocks-go-back/
  47. http://www.msziyou.com/balancing-simplicity-and-risk/
  48. https://also.roybahat.com/dear-first-time-angel-investor-c6af249a694b
  49. https://aswathdamodaran.blogspot.com/2018/10/an-october-surprise-making-sense-of.html
  50. http://thefirestarter.co.uk/october-income-expenses-report-stocky-horror-show/
  51. https://littlemissfireblog.wordpress.com/2018/11/17/october-income-and-expenses-report-2018/
  52. https://littlemissfireblog.wordpress.com/2018/11/13/october-side-hustle-report-and-mortgage-over-payments/
  53. https://littlemissfireblog.wordpress.com/2018/11/20/tried-and-tested-can-you-make-money-creating-book-covers/
  54. https://littlemissfireblog.wordpress.com/2018/11/09/your-mental-health-is-more-important-than-your-bank-balance/
  55. https://deliberatelivinguk.wordpress.com/2018/11/09/october-2018-review/
  56. https://deliberatelivinguk.wordpress.com/2018/10/29/the-18-year-property-cycle/
  57. https://www.ukvalueinvestor.com/2018/10/market-corrections.html/
  58. https://www.ukvalueinvestor.com/2018/11/wh-smith-dividend-growth-investors.html/
  59. https://indeedably.com/goals-strategy-and-tactics/
  60. https://indeedably.com/university-fees-are-optional/
  61. https://indeedably.com/demagoguery/
  62. https://indeedably.com/i-own/
  63. https://indeedably.com/how-i-money/
  64. https://sharpenyourspades.com/2018/10/27/easy-home-grown-pickled-shallots/
  65. https://lifeatno27.com/2018/10/31/happy-3rd-birthday/
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