Budget 2024

[BayernMan]

 

[Silva Citizen]

Good to see pensions will be included in inheritance tax calculations. Shame they're freezing the threshold till 2030 though.

What is good about it - It’s outright theft - I chose to invest in a pension because the rules were in place that made it the best place for my family. At a stroke this twat has stolen 40 percent.

 

[stan bowles]

So they've raised taxes to improve defence, schools, NHS, building homes, etc.

I would ask what's not to like but the selfish would just complain about paying that little bit more from their pay packet each month.

You give £22 billion to the NHS and they waste it because those at the top sign off dodgy contracts which rarely deliver what they should.

 

[Jam Tomorrow]

Just did a quick Google, 31.8m employed of 37.5m at working age, population is about 66m.
Working people will always pick up the tab, anything else is BS.

 

[Brewster's millions]

Fingers crossed.

Yes, isn't it wonderful that inflation and interest rates will be materially higher now thanks to the infinite wisdom of Rachel Reeves. I'm sure that will do a lot to help people out.

Also worth considering that we'll be paying an extra £35bn in debt interest costs over the next few years for the privilege of all of this, and likely significantly more given that the OBR have factored in only a very modest increases in gilt yields; a forecast which already looks out of date given today's market reaction.

You should also note that unprotected departmental spending is still set to fall significantly in real terms over the next few years.

So apart from throwing more money at the NHS over the next couple of years - that always works, right - and a couple of vanity projects, you're not exactly getting a lot for all the extra borrowing are you?

 

[blue b4 the moon]

What is good about it - It’s outright theft - I chose to invest in a pension because the rules were in place that made it the best place for my family. At a stroke this twat has stolen 40 percent.

Not having a pop at you but, the big problem is that nobody gives a shit about a group losing out ...until it's them.

Just isolating pensions as an issue, as an ex-Civil Servant we were ripped off (rules changed etc) and no shits were given by the rest of the country.

 

[Jam Tomorrow]

Yes, isn't it wonderful that inflation and interest rates will be materially higher now thanks to the infinite wisdom of Rachel Reeves. I'm sure that will do a lot to help people out.

Also worth considering that we'll be paying an extra £35bn in debt interest costs over the next few years for the privilege of all of this, and likely significantly more given that the OBR have factored in only a very modest increases in gilt yields; a forecast which already looks out of date given today's market reaction.

You should also note that unprotected departmental spending is still set to fall significantly in real terms over the next few years.

So apart from throwing more money at the NHS over the next couple of years - that always works, right - and a couple of vanity projects, you're not exactly getting a lot for all the extra borrowing are you?

Bring back Liz and Kamikaze!

 

[jim tolmies perm]

Because she is doing her job as a journalist? and questioning the Budget?

I've always thought she did a pretty decent job tbh but today I saw a completely different side to her, aggressive almost to the point of anger. I was quite shocked. Is this the editorial stance egged on by corporate greed or was she personally riled by what the budget meant to her.? It was strange to say the least. Grilling someone doesn't entail letting your emotions run riot.

 

[Silva Citizen]

Not having a pop at you but, the big problem is that nobody gives a shit about a group losing out ...until it's them.

Just isolating pensions as an issue, as an ex-Civil Servant we were ripped off (rules changed etc) and no shits were given by the rest of the country.

Yes I get that and agree with you.
Thing is this is currently flying under the radar, but if you have an average property, with money in a pension fund your family have just been ripped off by 40 percent. To pay for what ?

 

[Blue and true]

You give £22 billion to the NHS and they waste it because those at the top sign off dodgy contracts which rarely deliver what they should.

That may have been in the case in the past, it may ultimately prove to be the case this time. But all the government can do is apportion the extra funds to the health service and then hope they utilise it for the greater good, no? That's literally the Labour government's end of the bargain fulfilled.

I agree the NHS needs a bureaucratic overhaul, but it's too early to say whether this budget won't address that.