Majority of Brits express tax dissatisfaction via financing study by Finance News Bulletin
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Published: 09/06/07
More than nine in ten banking consumers feel let down by the government's tax regime, a financing website has revealed ahead of the chancellor's Budget announcement.
According to an online reader survey by The Motley Fool, 92 per cent of people believe they are not getting value for money from the taxes they pay at present.
Meanwhile, 90 per cent of respondents admitted that the contents of Gordon Brown's 11th Budget are either quite important or very important to their personal lives.
And it appears that possible council tax and inheritance tax reforms would be top of the nation's financing wish-lists, with these sharing top spot as the most disliked taxes in the UK.
"Most people accept that taxes are inevitable in a civilised society," commented David Kuo, head of personal finance at the financing website.
"But people want to see tangible benefits in return for the money they pay in the form of taxes."
The latest Budget is widely expected to be Gordon Brown's last as chancellor of the exchequer, with prime minister Tony Blair confirming last year that he will step down in 2007.
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Six weeks until Hips are here - Published:28/11/07
News Companies & markets Investing authority portfolio Campaigns Mortgages & homesMortgage featuresInsurance customer advice Broadband & phones Retirement Saving & banking Credit & loans Small commerce Tax & wills Message boards Money blog Tools & calculators Ask an specialist Guides Compare & buyHomeowners hoping to sell up before house in order packs become obligatory have just six weeks left – the same time an average property takes to sellA rapid MONEY MAKEOVER If you only have one minute to study how to sort your money, forget the rest and read this>> Our 8-step planFrom June 1, all homes put on sale will need a home information pack trendy, costing around £600, and sellers have been left with the hard choice of whether to act now or pay out laterThe property industry, which has expressed extensive scepticism over the controversial packs, says there will be a rush of homes located on the market over the next month-and-a-halfBut while those who put their property up for sale will avoid the price of a pack, a leap in the figure of homes on offer would drive down their property's worthMeanwhile, those with properties that do not sell before the packs' introduction will find their house up against rivals with packs that could assist ease the buying and advertising processProperty information provider Hometrack says on standard homes in England and Wales take six weeks to sell But a surge in the provide of homes on offer is likely to make bigger thisThe launch of Hips has come under fire, with land agents, surveyors and mortgage lenders expressing serious concerns about their inside and the timetable for their introductionlast regulations for the packs were ironed out at the end of March, but the possessions industry remains sceptical about whether they will aid the trade and selling processNational Association of Estate Agents leader executive, Peter Bolton King, says: 'It has got to the stage now where this is just a container of trying to fit a square peg into a round hole'While we wholly hold up the improvement of the buying and selling process, however, we do not believe home in order packs are the way to do this'Despite the criticism, those looking to buy or sell a house could benefit from waiting for the foreword of Hips, as they will supply upfront in order required in the homebuying processUnder the regulations, a home information set will have to be provided when a home is put on the marketplace, containing an Energy Performance Certificate, sale statement, evidence of name, searches and leasehold detailsDo you have a money question, customer problem, or financial puzzle Send a short request to our experts and we'll see what we can do We publish a assortment of answers every weekHips can be either purchased from specialist providers and are expected to price around £600, although homeowners can compile their own but must pay for an energy performance assessmentThe cornerstone of the packs was originally destined to be a home condition report - designed to duplicate a homebuyers' reviewHowever, doubts as to whether buyers would trust in order provided by sellers and fears that inspectors would not be trained in occasion led to the requirement for condition reports being droppedThis has left the need to have an inspection carried out by a qualified home Energy Assessor as the biggest stalling point in receiving a pack compiledBut the popularity of ecological awareness and the rapid rise in the cost of power bills has made power efficient properties more well-likedA Yorkshire Building Society survey has shown one in five first-time buyers would avoid incompetent homes and 12% of homeowners would get better their home's efficiency before selling itGary Lumby, of Yorkshire BS, said: 'Considering installing double-glazing, cavity partition or loft lagging could well attract more buyers, particularly if they are stated as part of the Hip all buyers will see'You're unlikely to see yourself recouping costs straight absent through lower energy bills, but you could attain a better price or speedier sale when buyers realise they'll be the ones to save money in the long run'anyone have a lead as to how to become a certified HIP and the process I'm a freelance surveyor - sounds similar to money for old rope to meA neat sum of VAT will be raised for Gordon and his mates, like every thing this administration does its about money Who is leaving to check the energy use of rented and council properties, its a garbage It's a VAT subject only Gordy wants a share of the lucrative property market, do not be astonished another scheme is not thought up to take more money out of your pocketsI want to know what benefit HIPS will make for this government What will be the financial gain for them© 2007 linked Northcliffe Digital Ltd Terms Privacy policy Advertise with us LoansCardsMortgagesInsuranceCompare the most excellent deals around with This is MoneyPlease choose a loan£ choose a loan term 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 existence GO New credit cardPick your favoured card offer Please decide 0% preliminary rate No annual fee Cashback Loyalty scheme All of the above GO Balance transferPlease choose a type of insurance existence insurance Home and contents Car Breakdown services Health - medical Health - dental Travel favorite - dog favorite - cat GO RECLAIM ALL FEESAdvice/template mail:BUY-TO-LET TIPSThinking about investing in property This is Money has the most excellent information and.
Read More: Six Weeks Until Hips Are Here >>Online banking has "pros and cons" - Published:22/10/07
by the internet to manage finances has its upsides as well as its downsides, according to a leading money owing consultantChris Tapp, deputy director of praise Action, said that online banking makes it easier for populace to watch their money as they "can tell exactly where they're up to with their bank accounts at a stroke of a button"However, for more complicated matters, such as comparing loans, the lack of person get in touch with can make things more difficult, he claimed"There are risks linked with online banking, but alongside those risks there are large benefits," said Mr TappFigures released by the British Bankers' friendship show that 28,177 people in the UK were registered to bank online in 2006 - compared to 24,307 in 2005praise Action was established in 1994 with a commitment to.
Read More: Online Banking Has "Pros And Cons" >>First-time buyers risking all - Published:22/09/07
information Companies & markets Investing Power portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones Retirement economy & banking Credit & loans Small business duty & wills Message boards Money blog gear & calculators Ask an expert Guides Compare & buyunparalleled buyers are risking homelessness as they option to desperate measures to get on the property ladder, a housing charity is warningA QUICK cash MAKEOVER If you only have one minute to learn how to sort your finances, forget the relax and read this>> Our 8-step planThe number of populace whose homes have been repossessed or are struggling with mortgage arrears has doubled in the history two existence, says ShelterSome are falling into debt after signing lifetime mortgages of six or seven times their salary It is almost twice as hard to pay money for a first property as it was ten years ago, the aid organization addsShelter chief executive Adam Sampson-said: 'Buying a first home is becoming an increasingly far-away dream and, as housing becomes increasingly unaffordable, repossessions are likely to spiral and more families will countenance the nightmare of homelessness'According to Shelter, the average cost of a first home last day was £154,000, treble the £50,000 it cost in 1996Its yearly affordability index shows it is now 93% harder for unparalleled buyers to get a property than it was when the index began in 1994As a consequence, buyers are having to stretch their finances to the boundary, the charity says It then only takes a borrower to drop sick or lose labor to fall behind with mortgage paymentsThe report comes as growing price rises leads to fears of more interest rate increases in the pending monthsThe Council of Mortgage Lenders blamed a lack of homes for sale 'In parts of the country they're pulling property down because no one wants to live there but in London there are too many buyers for too few properties,' it saidPhil, you certainly cannot understand how difficult it is these existence to judge in the way that you are I earn above the average wage and take house over £1200 a month after tax My mortgage expenses me just over 900 pounds a month for a little one bedroom flat, not to mention committee tax, water, and electricity bills etc I am left with just over £150 a month to exist on, have no car, and have not been on holiday for two years I gamble it wasnt this difficult for you approx 20 years ago (assuming you are center aged)Well if today's young populace were more realistic in their expectations and actually made small sacrafices in their way of life then owning a property may not be such a burden But no, they want the pleasant house, flashy cars, 3 holidays a year, eating out 4 nights a week, flashy HD television etc They want it all but are not prepared to make any sacrafices Many have no savings at all, or raid their parents retirement money for the deposits required (very, very selfish)© 2007 linked Northcliffe Digital Ltd Terms Privacy policy Advertise with us LoansCardsMortgagesInsuranceCompare the best deals around with This is MoneyPlease decide a loan£ choose a loan term 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 existence GO New credit cardPick your favoured card offer Please decide 0% preliminary rate No annual fee Cashback Loyalty scheme All of the above GO Balance transferPlease select a type of cover Life cover Home and contents Car Breakdown services Health - medical Health - dental Travel Pet - afflict Pet - cat GO RECLAIM ALL FEESAdvice/template mail:BUY-TO-LET TIPSThinking about investing in property This is Money has the best in order and advice.
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