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General News

Scheduled Pinned Locked Moved Investments and Portfolios
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  • A Adam Kay

    In other countries the owner/operator buys blocks of miles eg 0-10k, 10-20k etc and displays the 'sticker' like an old MOT. It's not exactly difficult. Whether it's fair to tax hybrids in this manner or miles driven outside the UK is an entirely different matter.

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    mikeiow
    wrote last edited by
    #67

    @PM3 said in General News:

    EV miles ? Ask the Chinese to send the data 🤣

    Bwahahahaa! They could add the tax onto the rubbish we all buy from them 🤣

    @Adam-Kay said in General News:

    In other countries the owner/operator buys blocks of miles eg 0-10k, 10-20k etc and displays the 'sticker' like an old MOT. It's not exactly difficult. Whether it's fair to tax hybrids in this manner or miles driven outside the UK is an entirely different matter.

    Interesting. Not heard of that (but then, I've not looked into it either!)

    I doubt they have thought this through, but it is pretty clear something needs to fill the gap in fuel duty that the ICE drivers have paid forever.

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      2BToo
      wrote last edited by
      #68

      True - the fact that there will need to be some form of taxation of electric cars has been obvious for a while. The question is 'how?'

      Initial reports suggested asking owners to propose a likely annual mileage and pay at the point of proposal, and then top up if necessary. This sounds primitive, hugely open to abuse and impractical for people who drive abroad as well as in the UK. A sticker sounds interesting, but will surely be open to all these same concerns?

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        mikeiow
        wrote last edited by
        #69

        I guess any 'self-declared' number will potentially be open to mild abuse....but (perhaps contrary to popular belief!) most people are moderately honest, & won't want to risk being fined for lying.
        In my shoes, I would naturally chose to slightly underestimate & let the HMRC payments catch up in the future....but not madly underestimate.

        I still feel the DVLA has all the base information (cars, owners), but is not obviously linked to HMRC...yet.....

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        • M mikeiow

          Compare & contrast with that great lettuce budget - the Liz Truss special 🤣
          Remember when it causing a plummet in the pound's value, a sharp rise in government borrowing costs (gilt yields), and a significant increase in mortgage rates. The unfunded tax cuts, estimated to be worth around $45 billion, triggered market turbulence and forced the Bank of England to intervene to restore financial stability.

          I like my budget days to be a bit ‘meh’.
          The classic freezing of allowances is a bit of a nasty stealth tax, but no big surprise.

          Even as an EV owner - the anomaly over income from people like me was always coming home to roost.
          Not entirely sure how they will manage it - the obvious way (to me) is to use DVLA records, & introduce a “MOT-lite” thing in years 1 and 2 to catch newer cars, where just the mileage is recorded.
          ….but they will probably make it more tortuous 🤣

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          Ronski
          wrote last edited by
          #70

          @mikeiow said in General News:

          introduce a “MOT-lite” thing in years 1 and 2 to catch newer cars, where just the mileage is recorded.

          That is exactly what is being proposed, from the consultation that I saw last night, Mot centres would need to offer a service to verify the mileage, they already have all the computer kit for entering Mot details, so a simple back end change to that system would make it available for every Mot centre in the country.

          Once they Beta tested on EV's I'm sure they'll apply it to ICE cars.

          Many cars can easily be clocked, but I do wonder what the implications on on modern cars that report mileages back to the manufacture, will they start flagging up clocking???

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            Adam Kay
            Global Moderator
            wrote last edited by Adam Kay
            #71

            Highly impressive. Rapid progress is being made re robotic(humanoid) locomotion. https://x.com/BenjaminDEKR/status/1996435568004370809?s=20

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              mikeiow
              wrote last edited by
              #72

              Slightly better than the Russians 🤣
              https://www.youtube.com/watch?v=UuUSR8TyZDE

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                PM3
                wrote last edited by PM3
                #73

                Looks like the Russians are advanced.... that is a perfect robot simulation of Joe Biden !

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                  Jaws
                  wrote last edited by
                  #74

                  Russian robot....powered by chips from an Indesit washing machine?

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                    Adam Kay
                    Global Moderator
                    wrote last edited by
                    #75

                    You could tell it was built from Lada parts the moment it tried to stand upright. Even gravity looked offended.

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                    • A Adam Kay

                      Highly impressive. Rapid progress is being made re robotic(humanoid) locomotion. https://x.com/BenjaminDEKR/status/1996435568004370809?s=20

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                      Renmure Jim
                      wrote last edited by
                      #76

                      @Adam-Kay said in General News:

                      Highly impressive. Rapid progress is being made re robotic(humanoid) locomotion. https://x.com/BenjaminDEKR/status/1996435568004370809?s=20

                      Way (way, way) back in the mists of time, my PhD was in the field of seeing how to get paraplegic folk “walking” using exoskeleton braces and wearing all
                      sorts of computers and power packs. They looked more like Neil Armstrong on the moon. Things seem to have come on a bit.

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                        Adam Kay
                        Global Moderator
                        wrote last edited by
                        #77

                        way, way, way...…when the world was young, and the internet still smelled like dial-up toner, a small band of misfits gathered around a flickering CRT monitor............

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                          Renmure Jim
                          wrote last edited by
                          #78

                          I think back then the internet was, like teleporters, still a Star Trek thing and you bought Encyclopedias in bookshops. Nostalgia eh, it ain’t what it used to be.

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                            Adam Kay
                            Global Moderator
                            wrote last edited by
                            #79

                            I do remember my Dad was the first person in the universe to get a VHS video player. Late 70s I recall. He still mentions how his pair of kippers cost 12p

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                            • A Adam Kay

                              Highly impressive. Rapid progress is being made re robotic(humanoid) locomotion. https://x.com/BenjaminDEKR/status/1996435568004370809?s=20

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                              2BToo
                              wrote last edited by
                              #80

                              @Adam-Kay said in General News:

                              Highly impressive. Rapid progress is being made re robotic(humanoid) locomotion. https://x.com/BenjaminDEKR/status/1996435568004370809?s=20

                              Way, way, way back, when dinosaurs still used Psion Organisers, someone on here posted a similar video and it turned out to be AI-generated!

                              (Does the Ban Hammer ever get loaned by the PH mods to the IM mods? Or am I just destined for the naughty step? 👼 )

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                                Adam Kay
                                Global Moderator
                                wrote last edited by
                                #81

                                Ive checked-at first look I thought it was definitely AI fakery, but no it is not. It's official, genuine footage.

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                                  2BToo
                                  wrote last edited by
                                  #82

                                  I can't remember who mentioned 'Santa Rally' but it seems more like a Ebenezer Scrooge Slide at the moment.

                                  Odds of things looking up before the snow starts? I would be nice to have some good news before Christmas begins in earnest.

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                                    mikeiow
                                    wrote last edited by
                                    #83

                                    Mmmm…hard to see more of a rally ahead, tbh 🤷‍♂️
                                    No idea what the sage heads here might feel though.

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                                      exIM
                                      wrote last edited by
                                      #84

                                      Unless you're moving around your stock choices regularly based on knowledge no one else has, do nothing , its just normal market movements ?

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                                      • E exIM

                                        Unless you're moving around your stock choices regularly based on knowledge no one else has, do nothing , its just normal market movements ?

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                                        2BToo
                                        wrote last edited by
                                        #85

                                        @exIM said in General News:

                                        Unless you're moving around your stock choices regularly based on knowledge no one else has, do nothing , its just normal market movements ?

                                        Absolutely true, but everyone is here because they want to see their investments grow, and it's always nice to see that happen, even if they aren't planning in changing what they are invested in.

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                                          Adam Kay
                                          Global Moderator
                                          wrote last edited by
                                          #86

                                          That's all it is, sell the news(excellent news) due to a very rapid appreciation over the past YTD. I couldn't be happier with the specific company performance. Patience is all that is needed. Lifestyle is as far as I can tell the Nr 1 best performing target dated product and Tech is Nr 1

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