Budget 2024

  • Thread starter Thread starter ganganvince
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The Future’s Blue! said:
I only ask as I was listening to some sort of ‘Rich Peoples Alliance’ who are saying that they want to be taxed more as they have a responsibility to the country. These are obviously very rich people who were not talking about buying a new shirt, more of a new mansion or jet plane.

It got my interest as I heard all of the talk about people leaving but these people were the complete opposite and realised that they couldn’t take all their money with them, if you know what I mean.

It’ll be interesting to see how many actually leave the country and my biggest bug-bear is for those who have made the majority of their money, in the UK, moving abroad and not wanting to support the country, after years and years of cuts to the social apparatus, that supported them to make that money.
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So if all the rich leave who buys their houses? Anyway if they don’t want to pay their share fuck em I don’t want them in this country.
 
kaz7 said:
No and i wouldnt need to , she said they are applying the tory plan to benefits and say they can save three billion , i have experienced the assessments for many years , including ATOS , they have put a target number on it , they wont be trying to get people like me into work i cant do , but will try and leave me in a state with less support , will make me anxious to fuck again

They are looking at pips as well , sunak plan was to not pay it monthly but a one off payment , i rely on that to live and increasing care needs, private is the only option and i have no savings left , i am scared
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I hear what you are saying and you know more about this than I do. Continuing to penalise people on benefits is unacceptable irrespective of which Govt is doing it.
 
So at a stroke Starmer and his twatty party has stolen 40 percent of my surplus pension from my heirs by bringing pensions into IHT.
 
Higher taxes, loads more borrowing, higher inflation, higher interest rates and lower GDP growth.

Sounds like a perfect Labour Budget, and unfortunately it's only the start.
 
The big problem with raising huge amounts of additional taxation is that the Departments of Health and Education (the biggest beneficiaries) have shown themselves spectacularly inept at spending money wisely, whether it's on failed IT infrastructure or buildings not fit for purpose or entering into capital projects with dodgy companies like Carillion. The benefits won't be worth the pain to businesses and the hit to investment.
 
hcblue95 said:
Good to see pensions will be included in inheritance tax calculations. Shame they're freezing the threshold till 2030 though.
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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.
 
Blue and true said:
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.
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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.
 
BobKowalski said:
Fingers crossed.
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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?
 
Silva Citizen said:
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.
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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.
 
Brewster's millions said:
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?
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Bring back Liz and Kamikaze!
 
frothy said:
Because she is doing her job as a journalist? and questioning the Budget?
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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.
 
blue b4 the moon said:
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.
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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 ?
 
stan bowles said:
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.
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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.
 
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