| Today’s budget - unless you are in the richest 10%, you win 21:01 - Oct 30 with 5912 views | ElderGrizzly |
You can see why the Tories are squealing and spinning like hell this evening
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| Today’s budget - unless you are in the richest 10%, you win on 21:08 - Oct 30 with 4111 views | J2BLUE |
Amazing what happens when the government are actually given a chance to announce the budget before people start bitching. |  |
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| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 with 4026 views | ElderGrizzly |
| Today’s budget - unless you are in the richest 10%, you win on 21:08 - Oct 30 by J2BLUE |
Amazing what happens when the government are actually given a chance to announce the budget before people start bitching. |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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| Today’s budget - unless you are in the richest 10%, you win on 21:37 - Oct 30 with 3963 views | guestlinger |
| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 by ElderGrizzly |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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The reason this budget will be such a disaster for the UK is that it will not lead to growth that's essential to get this country flourishing again. In the budget RR shared the OBR forecast for the next 5 years and growth was on a negative trend. I agee there are some short term wins for many but these are tiny in compariosn to the subsequent impact of negative growth. If you tax, borrow and spend to the extend shared today then growth is not possible [Post edited 30 Oct 2024 21:39]
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| Today’s budget - unless you are in the richest 10%, you win on 21:39 - Oct 30 with 3934 views | Nthsuffolkblue |
| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 by ElderGrizzly |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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I am torn between liking the budget and accepting why the Government could be described as being dishonest.
They appear to have done the right thing in raising taxes in order to spend. I am a little less sure about raising borrowing but they seem to be making it linked to affordability in the benefits of how the money is spent. I trust that works and hope it does.
Technically, they stated that they would not raise income tax and NI levels and have done what they said. However, by raising employers' rates on NI they could be accused of raising the level of NI. Will this have a knock-on effect on the ability of employers to pay wage rises? The fact the threshold has increased means lower paid workers won't cost employers more only those on higher pay. Indeed there will be a band where it will cost employers less.
The other thing that the government is arguing is that the raised taxation is necessary partly due to the commitments the last government made to spending. Of course, they are arguing that isn't true but then why did they try so hard to prevent that being published?
Overall a far more promising budget than I expected. Let's wait and see if all the rich leave the country and the trickle down benefits we have all enjoyed stop! |  |
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| Today’s budget - unless you are in the richest 10%, you win on 21:39 - Oct 30 with 3926 views | J2BLUE |
| Today’s budget - unless you are in the richest 10%, you win on 21:37 - Oct 30 by guestlinger |
The reason this budget will be such a disaster for the UK is that it will not lead to growth that's essential to get this country flourishing again. In the budget RR shared the OBR forecast for the next 5 years and growth was on a negative trend. I agee there are some short term wins for many but these are tiny in compariosn to the subsequent impact of negative growth. If you tax, borrow and spend to the extend shared today then growth is not possible [Post edited 30 Oct 2024 21:39]
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That's not at all what is happening though is it?
The borrowing is to invest and the taxation is on those who will still be able to live comfortably. | |
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| Today’s budget - unless you are in the richest 10%, you win on 21:40 - Oct 30 with 3916 views | redrickstuhaart |
| Today’s budget - unless you are in the richest 10%, you win on 21:37 - Oct 30 by guestlinger |
The reason this budget will be such a disaster for the UK is that it will not lead to growth that's essential to get this country flourishing again. In the budget RR shared the OBR forecast for the next 5 years and growth was on a negative trend. I agee there are some short term wins for many but these are tiny in compariosn to the subsequent impact of negative growth. If you tax, borrow and spend to the extend shared today then growth is not possible [Post edited 30 Oct 2024 21:39]
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Oh look, a right wing shill.
What you miss entirely, are the benefits of having a functioning society, functioning services, fairness, wellbeing etc etc.
Growth has not been significant or sustained for a very very long time. And probably wont be without immigration by the way.... We are getting older. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 21:42 - Oct 30 with 3896 views | Swansea_Blue |
| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 by ElderGrizzly |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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I’ve seen a few people moaning about tax rises and very few acknowledging the benefits. It’s the way we roll these days: distracted by simplistic headlines, know the price of everything, value of nothing, etc. We’re probably only just starting to see what this means collectively or individually, but that won’t stop the complaining. |  |
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| Today’s budget - unless you are in the richest 10%, you win on 21:46 - Oct 30 with 3853 views | Nthsuffolkblue |
| Today’s budget - unless you are in the richest 10%, you win on 21:37 - Oct 30 by guestlinger |
The reason this budget will be such a disaster for the UK is that it will not lead to growth that's essential to get this country flourishing again. In the budget RR shared the OBR forecast for the next 5 years and growth was on a negative trend. I agee there are some short term wins for many but these are tiny in compariosn to the subsequent impact of negative growth. If you tax, borrow and spend to the extend shared today then growth is not possible [Post edited 30 Oct 2024 21:39]
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More money in the pocket of the poorest (who spend it) and less money in the pockets of the richest (who hoard what they already have anyway). Trickle-down economics hasn't really worked. Improving public services by investing in them will benefit the economy far more than cutting taxes for the richest. | |
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| Today’s budget - unless you are in the richest 10%, you win on 21:48 - Oct 30 with 3831 views | J2BLUE |
| Today’s budget - unless you are in the richest 10%, you win on 21:46 - Oct 30 by Nthsuffolkblue |
More money in the pocket of the poorest (who spend it) and less money in the pockets of the richest (who hoard what they already have anyway). Trickle-down economics hasn't really worked. Improving public services by investing in them will benefit the economy far more than cutting taxes for the richest. |
I'm sure slinger would have been celebrating the Truss budget. I wonder what hundreds of pounds more a month in mortgage payments did for growth... | |
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| Today’s budget - unless you are in the richest 10%, you win on 21:50 - Oct 30 with 3813 views | guestlinger |
| Today’s budget - unless you are in the richest 10%, you win on 21:40 - Oct 30 by redrickstuhaart |
Oh look, a right wing shill.
What you miss entirely, are the benefits of having a functioning society, functioning services, fairness, wellbeing etc etc.
Growth has not been significant or sustained for a very very long time. And probably wont be without immigration by the way.... We are getting older. |
It was KS and RR who both said that growth was the most important economic factor for the UK's future. Does that make them both "right wing shills"? | | | |
| Today’s budget - unless you are in the richest 10%, you win on 21:54 - Oct 30 with 3782 views | redrickstuhaart |
| Today’s budget - unless you are in the richest 10%, you win on 21:50 - Oct 30 by guestlinger |
It was KS and RR who both said that growth was the most important economic factor for the UK's future. Does that make them both "right wing shills"? |
Nope. But nice, very transparent, way of avoiding the point.
You realise, surely, that better services, makes for a more productive workforce? | | | |
| Today’s budget - unless you are in the richest 10%, you win on 21:55 - Oct 30 with 3777 views | ElderGrizzly |
| Today’s budget - unless you are in the richest 10%, you win on 21:50 - Oct 30 by guestlinger |
It was KS and RR who both said that growth was the most important economic factor for the UK's future. Does that make them both "right wing shills"? |
Growth is positive year on year throughout the 5 year period, at just under 2%. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:14 - Oct 30 with 3666 views | factual_blue |
Typical woke, left wing nonsense from the OBR, dancing to the tune of the Marxist Labour Party who created it in the first place. |  |
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| Today’s budget - unless you are in the richest 10%, you win on 22:14 - Oct 30 with 3657 views | Swansea_Blue |
| Today’s budget - unless you are in the richest 10%, you win on 21:54 - Oct 30 by redrickstuhaart |
Nope. But nice, very transparent, way of avoiding the point.
You realise, surely, that better services, makes for a more productive workforce? |
Quite. Record numbers of people off work sick mirroring the rise is NHS waiting lists. Something needed to be done to address it, although I suspect it won’t be enough. An extra £350M per week for the NHS was announced today… | |
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| Today’s budget - unless you are in the richest 10%, you win on 22:21 - Oct 30 with 3594 views | guestlinger |
| Today’s budget - unless you are in the richest 10%, you win on 21:54 - Oct 30 by redrickstuhaart |
Nope. But nice, very transparent, way of avoiding the point.
You realise, surely, that better services, makes for a more productive workforce? |
redrickstuhaart - just to be clear I am not disagreeing with your points, so no need for me to avoid them. Im just pointing out that KS and RR highlighted in the build up to the budget the importance of growth and then they presented a negative growth budget | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:31 - Oct 30 with 3524 views | redrickstuhaart |
| Today’s budget - unless you are in the richest 10%, you win on 22:21 - Oct 30 by guestlinger |
redrickstuhaart - just to be clear I am not disagreeing with your points, so no need for me to avoid them. Im just pointing out that KS and RR highlighted in the build up to the budget the importance of growth and then they presented a negative growth budget |
Its not negative growth... | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:38 - Oct 30 with 3488 views | Vaughan8 |
I think on the face of it it seems reasonable and a lot of it isn't going to affect the majority massively.
However, do we not think the increase in employee/employer costs is going to drive things to be charged at a higher price, so we are just getting shafted a bit that way?
We shall see I suppose. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:40 - Oct 30 with 3479 views | redrickstuhaart |
| Today’s budget - unless you are in the richest 10%, you win on 22:38 - Oct 30 by Vaughan8 |
I think on the face of it it seems reasonable and a lot of it isn't going to affect the majority massively.
However, do we not think the increase in employee/employer costs is going to drive things to be charged at a higher price, so we are just getting shafted a bit that way?
We shall see I suppose. |
It may well do.
It may also put pressure on pay rises as employers try to pass on the cost to their employees.
Which is disgraceful really. If employers paid proper wages, we could massively reduce the benefits bill.... And then tax them less. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:44 - Oct 30 with 3438 views | Vaughan8 |
| Today’s budget - unless you are in the richest 10%, you win on 22:40 - Oct 30 by redrickstuhaart |
It may well do.
It may also put pressure on pay rises as employers try to pass on the cost to their employees.
Which is disgraceful really. If employers paid proper wages, we could massively reduce the benefits bill.... And then tax them less. |
I think the increased costs could create more unemployment as the rises are going to be substantial to some businesses, and therefore will increase people on benefits.
I'm guessing without any meaningful figures its hard to know.
I just hope it doesn't and this government know what they're doing. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:52 - Oct 30 with 3387 views | redrickstuhaart |
| Today’s budget - unless you are in the richest 10%, you win on 22:44 - Oct 30 by Vaughan8 |
I think the increased costs could create more unemployment as the rises are going to be substantial to some businesses, and therefore will increase people on benefits.
I'm guessing without any meaningful figures its hard to know.
I just hope it doesn't and this government know what they're doing. |
So be it, frankly. Unfortunately public services are broken and damaging us all. Some employers may have to pass costs on. Some need to take less profit.
My one complaint about the budget is the failure to address self employed tax advantages. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 22:56 - Oct 30 with 3372 views | ArnoldMoorhen |
| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 by ElderGrizzly |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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"Every day that there are people spending £50,000 on a watch is a day when tax rates on the super-rich aren't high enough."
Astoundingly there are people who wouldn't consider a £50,000 watch "that expensive, and others who have several of them. | | | |
| Today’s budget - unless you are in the richest 10%, you win on 23:44 - Oct 30 with 3174 views | giant_stow |
| Today’s budget - unless you are in the richest 10%, you win on 22:52 - Oct 30 by redrickstuhaart |
So be it, frankly. Unfortunately public services are broken and damaging us all. Some employers may have to pass costs on. Some need to take less profit.
My one complaint about the budget is the failure to address self employed tax advantages. |
Out of interest, what would you have done on the self employed? [Post edited 30 Oct 2024 23:45]
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| Today’s budget - unless you are in the richest 10%, you win on 23:45 - Oct 30 with 3172 views | WicklowBlue |
In terms of macro economics between our 2 great islands!
There is a huge difference between lending rates available to both governments/countries at the moment.
IIRC the UK soverign borrowing rates are nearly double those of what the Irish Government's are.
2.5% for Ireland and over 4% for the UK. Feel free for those in the know to correct me, but that is a major factor budget wise. |  | | |
| Today’s budget - unless you are in the richest 10%, you win on 05:44 - Oct 31 with 2659 views | BlibbiBlob1976 |
| Today’s budget - unless you are in the richest 10%, you win on 21:55 - Oct 30 by ElderGrizzly |
Growth is positive year on year throughout the 5 year period, at just under 2%. |
When growth is lower than inflation, that’s not really growth!! | | | |
| Today’s budget - unless you are in the richest 10%, you win on 08:22 - Oct 31 with 2339 views | jimmyvet |
| Today’s budget - unless you are in the richest 10%, you win on 21:24 - Oct 30 by ElderGrizzly |
The client journalists of the Tories and Tory MPs are still saying households are worse off.
People like Beth Rigby are whining about tax increases and ignoring the huge spending increases/investment in public services and that 90% of people are better off
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I just think your headline is based on hope and not reality. A much more likely outcome is lower pay rises for workers, higher borrowing costs for workers and organisations introducing AI at a faster pace so workers not being replaced and job market for certain types of roles shrinking in the short to medium term. Then add in the manifesto versus what has happened in the short term and trust in politicians moving to a new low sadly.
I would love you to be right the top 10% picking up the tab, but I think you and many on here will end up being bitterly disappointed with the outcome. I do applaud the investment in infrastructure and services BTW I just think the workers will end up picking up the bill not the group you think. | | | |
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