Budget

[motorbiking]

Reeves’s budget finally began to answer the question about what Keir Starmer’s government stands for: more support for public services, protecting the incomes of working people and investing in the fabric of the nation, although there was little mention of Starmer’s “missions”.

When voters ask themselves whether they feel better off in three or four years, the government needs the answer to be yes. Yet living standards are expected to increase by just 0.5% a year during this parliament, downgraded in part because of the impact of higher NICS on real wages.

And if, as Reeves told MPs, economic growth is key, she needs to hope that the OBR’s anaemic forecasts are wrong, that productivity improves and that by the middle of the parliament she has more fiscal headroom.

analysis@the Grundian

Also noted are the five Freeports created recently so it seems Labour are tweaking the Tories economic policies, adding plenty of fresh cash and hoping to hell the cost of borrowing doesn't go up during their tenure in #10

When we go in to recession and Unemployment increases, coupled with a hesitancy to hire due to tougher employment rights, she'll be back again for more.

 

[Odds]

When we go in to recession and Unemployment increases, coupled with a hesitancy to hire due to tougher employment rights, she'll be back again for more.

you mean to borrow more, right?
How else will the kind of investment necessary be found?
Foreign investors aren't falling over themselves to fund projects like Hs2, or even upgrade existing railstock. The steel industry is f'kd to a faretheewell, our water services are literally full of sh!! and employment opportunities are limited to asking"d'you want fries with that?'
Why.
Fourteen years of Tory government. That's why.
All we are saying is give Labour a chance.

 

[motorbiking]

Yep as as I said - the raise will just mean higher rents -as part of the business model-- well done labour.
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Not to mention the thresholds where you pay is being cut significantly. So people trying to buy homes having to pay more tax too.

 

[denso13]

All we are saying is give Labour a chance.

Exactly this. Breaking news - right wingers are disappointed that a Labour chancellor doesn't do what they want. Shockerooni...

 

[Odds]

Exactly this. Breaking news - right wingers are disappointed that a Labour chancellor doesn't do what they want. Shockerooni...

From the way they carry on it's like they want them to fail.
Partisan politics has blinded them to the fact we all live in the country, regardless of political or economic class.

It's a pity thy didn't adopt a Wealth Tax and raise Corporation Tax to 28% as Kamala Harris wants to do in the US..

 

[aveatry]

This government is what the left used to like spouting when they didn't like a party "populist"

 

[aveatry]

From the way they carry on it's like they want them to fail.

A bit like the brexit bashers then

 

[motorbiking]

I was surprised the impact on me was so small and the tax hike easily mitigated. I thought I was exactly the demographic they wanted to hit.

Instead its young people hunting for jobs on minimum wage - screwed.
People saving to buy a modest home - screwed.
People renting - screwed
Cohabiting pensioners with modest assets - screwed.
Businesses keen to hire more people - screwed.

Anyone looking to avoid Reeve's 2nd property tax for a nice holiday home should look abroad or buy a houseboat.

Well paid lawyers, accountants and fund managers will be busy and better off.

 

[Odds]

I'll tell you the best thing they did in the budget - set aside funding for victims of the Post Office scandal and the Blood Donor tragedy. Leave Labour to sort out the mess left by the Tories and their greedy minions.

 

[motorbiking]

I'll tell you the best thing they did in the budget - set aside funding for victims of the Post Office scandal and the Blood Donor tragedy. Leave Labour to sort out the mess left by the Tories and their greedy minions.

Agree with the first sentence, but the second sentence ignores that the champion of the post office scandal victims was a Tory MP under a Labour government and the previous government had already announced a compensation scheme for both. So thats Labour carrying on the good work of fine Tory MPs

 

[JohnD]

loophole. you are funny.

Let's suppose you are a prosperous person, well into the wealthiest 10% of the population. You have been able to contribute, free of income tax and NI, to your pension scheme, and your fund, now the cap was abolished, is worth £1.5 million. You paid no tax on the money that went in, and you have profited greatly by taking out £250,000 tax free. Over the last 12 months, the fund grew by £300,000. Your tax free ISA is worth more than a million, and you keep a £50,000 cash cushion in tax-free Premium Bonds. You own several houses. You like to describe your wealth as "modest."

Should the tax-free value of your pension scheme be free of inheritance tax when it is passed on after your death?

You say yes.


I say no.

 

[Notch7]

Why do people hate and vilify "populist" political parties - what wrong with having popular policies.

You don’t understand what populism means.

Populist policies are bad then

Yes

Populism is a con, it claims to be anti establishment and anti elite….but its leaders are wealthy establishment figures whose purpose is to con the public into voting for it.

People like you are taken in by the con.

The movements and parties that belong to it share xenophobic, nationalistic traits, a tendency toward authoritarianism, aggressive leadership, control of the media, control of the law, high level of corruption, nepotism.

Voting for populists like Trump, Farage, Johnson results in ordinary working people being made poorer with fewer rights

 

[JohnD]

Instead its young people hunting for jobs on minimum wage - screwed.

Just to check, what do you think is the weekly cost of employing a young person on minimum wage, including employer's NI, at the current rate?

What do you think will be the additional cost per week, at the new rate?

 

[Mottie]

Let's suppose you are a prosperous person, well into the wealthiest 10% of the population. You have been able to contribute, free of income tax and NI, to your pension scheme, and your fund, now the cap was abolished, is worth £1.5 million. You paid no tax on the money that went in, and you have profited greatly by taking out £250,000 tax free. Over the last 12 months, the fund grew by £300,000. Your tax free ISA is worth more than a million, and you keep a £50,000 cash cushion in tax-free Premium Bonds. You own several houses. You like to describe your wealth as "modest."

Should the tax-free value of your pension scheme be free of inheritance tax when it is passed on after your death?

You say yes.


I say no.

So, personal opinion then?

 

[Mottie]

Just to check, what do you think is the weekly cost of employing a young person on minimum wage, including employer's NI, at the current rate?

What do you think will be the additional cost per week, at the new rate?

How young? 23 is 'young' in my eyes.