Budget

[JohnD]

Rachel's potential tax burden.

Biking from the boatyard has spotted that the Chancellor of the Exchequeur is a woman who is not a Tory.

Hence the torrent of prejudice and abuse.

Who could have seen that coming? *







*Anyone.

 

[motorbiking]

Calling her Rachel is abuse? righto.

Are you still upset that I took the p*** out of your Financial wisdom.

A good clue is tax paid on profits.

I'm guessing you never bought any Tesla, Amazon, Facebook, Salesforce, Oracle, Microsoft or Google stock.

 

[Brigadier]

I think it's an ideology thing for you. You just can't see how they can be wealthy without someone else being poor as a result.

£96B doesn't just vanish into thin air.
(Well, it doesn't if it is paid to those in the lower echelons of the UK wealth pyramid).

Did they use it to:

- buy a second, third, or fourth rental?
- expand their burdgeoning stock portfolio?
- offshore it, to avoid tax?

Or, did they use it to survive? Which, incidentally, meant moving it to those who would do as above.

Where do YOU think the £600-odd billion has gone?

(Those at the bottom are even further adrift of those at the top now, if you need a hint.)

 

[mitch66]

Where DO you think "the wealthy" get their money from?

Elon didn't get rich selling rockets and Teslas to Jeff, did he?

Tbh poor people don't generally buy Teslas or rockets.

 

[noseall]

Biking from the boatyard

Giggle.

 

[ajohn]

(Those at the bottom are even further adrift of those at the top now, if you need a hint.)

Some of that is down to the UK having a rather long stagnant period of wage growth. Min wage a little different as gov decides when to increase it and by how much.

Th budget and unemployment. Plotting out economics of a country is difficult and both short and long term effects have to be considered. So what does the OBR say
We expect the unemployment rateto peak at 4.3 per cent, equivalent to 1.5 million people,in the third quarter of 2024, before falling to a trough of 4.0per cent in mid-2025as a positive output gap opens up. Unemployment then returns to its estimated structural rate of 4.1 per cent in mid-2027 (Chart 2.12, left panel).Theunemployment rate has risensince the post-pandemic trough of 3.8 per cent in the second half of 2022, albeit with some volatility related to the Labour Force Survey’sshortcomings.This broad trend is consistent with wider evidence of a cooling labour market (as vacancies continue to fall) and the recent rise in the claimant count measure of unemployment. The temporary boost to output from this Budget reduces the unemployment rate by 0.3 percentage points, equivalent to around 90,000 people, on average in 2025 and 2026. Compared to our March forecast, the unemployment rate is lower across most of the forecast, but is in line with its unchanged estimated structural rate by the forecast horizon

You can note that the Tory failed to hold their post pandemic min.

 

[ajohn]

Another related bit from them
The employment raterises a little in the near term and then declines through the rest of the forecast period to just under 60 per cent. This is more than 1½ percentage points below its pre-pandemic peak and is driven mainly by higher inactivity(Chart 2.12, rightpanel). Employment rises by around 200,000 a year on average between 2024 and 2029, owing to population growth.

 

[Brigadier]

Tbh poor people don't generally buy Teslas or rockets.

But their money goes to those that do

 

[Andydevon]

Maybe some on here would like to reflect on progress from an enlighten employer.

'Upskilling helped us fix the staff shortage'

As employers face a skill shortage, some firms have turned to unusual tactics to get the right workforce.

www.bbc.co.uk

 

[carmanmemoranda]

Great.

But I bet there's still a need for a cleaner

 

[motorbiking]

But their money goes to those that do

Their money?

How does someone not buying a Tesla subsidise some who is?

 

[Notch7]

I think it's an ideology thing for you. You just can't see how they can be wealthy without someone else being poor as a result.

They can be wealthy without someone else being poor.

Sweden, Denmark, Norway, France, Germany etc all have loads of millionaires and billionaires….but they also have higher standards of living for the majority.

The difference is those countries don’t have Tory governments that exist to increase the wealth of the rich at the expense of the poor.

 

[Brigadier]

Their money?

How does someone not buying a Tesla subsidise some who is?

FML...........

Why do you have to (try to) craft a question so as to preclude an answer that doesn't suit you?

"subsidise"


You have a Tesla (as does our FD).


He manages the billable work of others.
If you do as our FD does, others work to contribute towards your remuneration, which pays for your Tesla.

 

[Notch7]

Their money?

How does someone not buying a Tesla subsidise some who is?

The person buying the Tesla is probably a mate of a Tory that got a juicy bogus contract through the VIP lane.


Money that came from tax payers.

 

[Notch7]

You just can't see how they can be wealthy without someone else being poor as a result

The landlord, he gets richer because his property increases in value

The renter, he gets poorer because he pays rent for 25 years and at the end has no asset, he just bought the asset for someone else.

The renter can’t afford to ever buy because the rent cost stops him saving.


The result is more and more assets transferring from poor to rich


The landlord is being made rich on the wages of the poor renter