Budget 2024

[Silva Citizen]

And this is the key. Many people are simply using their pension, on which they have received tax relief, to leave to future generations. The less well off don't do this because they actually use the pension to live on(what it's designed for) whilst those better off are able to hand it down to be put back into the economy, who knows when.

It would eventually go back into the economy in the form of VAT. I would rather my heirs pay VAT on (e.g) a car, than Starmer take it and fund a hotel for an asylum seeker.

 

[BlueHammer85]

The markets are taking the budget badly.
The Pound has fallen 0.66% today and nearly 3.25% since the start of October.
Borrowing Cost have risen accordingly.

Pound back up to where it was before the budget.

 

[mosssideblue]

How fucking naive!
Understanding based on complete ignorance of the process.

Is that right?

 

[Alan Harper's Tash]

 

[mosssideblue]

LOL ..... my wife was given a terminal diagnosis of 12 weeks .... and was invited in for a work capability assessment



How f@cking little you know

Was she awared PiP unconditionally?
There are several conditions that you are assesseed only once for, I should know, I have one of those conditions

 

[Ifwecouldjust.......]

Was she awared PiP unconditionally?
There are several conditions that you are assesseed only once for, I should know, I have one of those conditions

we were issued DS1500 ....with an estimated 12 weeks to live .... invited to a work capability assessment ... then took them a further 6 weeks to pay


Compassionate Conservatives eh?

 

[hampshireblue]

It would eventually go back into the economy in the form of VAT. I would rather my heirs pay VAT on (e.g) a car, than Starmer take it and fund a hotel for an asylum seeker.

Fine. But my point is, at which point is it reasonable to expect that money which is taken out of the economy, in this case as tax relief,to be put back in? In 20, 30, 40 years?

On your second point, general taxation including VAT already funds the immigration situation and I suspect there will be a continuing cost to future generations.

 

[hampshireblue]

Thought about it. - typed it - then decided sod it - we ain’t going to agree - so why get into a war of words. Have a great day

Why would we not agree? I genuinely don't know what a surplus pension is and how it is determined to be surplus. I have a comfortable Personal pension from which we live off, and have done for 8 years. It "should" last us both out, but there is no way I would be blase about it and think there is a surplus with hopefully another 30 years or so for us both to live.

 

[Brewster's millions]

Pound back up to where it was before the budget.


View attachment 137095

What relevance is this?

 

[BlueHammer85]

What relevance is this?

Alot of panic that the pound had crashed and the country was going into economic turmoil due to the budget... a day later and the pound and markets are relatively stable again. that will disappoint a few.