Budget 2024

[The Future’s Blue!]

I must admit I was bloody nervous coming into this budget. I thought reeves was going half my wealth and knacker my business but she's played a blinder here. Yes I'll pay shit loads more tax but it's not a big ask. It's still quite reasonable. I don't mind paying an extra couple of % of NI for all the staff. I don't mind her taking 18% rather than 10% of all my companies shares either. It's needed to sort this country out and I'm happy to give it. I would have been pissed off if that 10% jumped to 40% or NI jumped to 20%+ though. It's just great to finally get a budget written by someone who actually knows what they're doing for once. They just need to work out how to stop private companies creaming off all the public spend and they'll be on fir a great start.

The budget was not perfect but seemed to be equal across the board, considering where we have come from.

Personally, good to see a governemnt putting the masses above the few.

 

[Churchlawtonblue]

I must admit I was bloody nervous coming into this budget. I thought reeves was going half my wealth and knacker my business but she's played a blinder here. Yes I'll pay shit loads more tax but it's not a big ask. It's still quite reasonable. I don't mind paying an extra couple of % of NI for all the staff. I don't mind her taking 18% rather than 10% of all my companies shares either. It's needed to sort this country out and I'm happy to give it. I would have been pissed off if that 10% jumped to 40% or NI jumped to 20%+ though. It's just great to finally get a budget written by someone who actually knows what they're doing for once. They just need to work out how to stop private companies creaming off all the public spend and they'll be on fir a great start.

We're you in favour of Corbyns tax plans when he was in opposition ? As these are not far off those in their scale. At least Corbyn was open about his plans beforehand.

Also do you not think that the largest business's should have been made to pay their fair share in this budget rather than load yet more tax on SMEs. They seem to have way too much influence on all governments.

 

[BobKowalski]

You don't get an economy growing by running up huge additional debt, boosting inflation and keeping interest rates at unnecessarily high levels.

And growth is the thing that makes everything in the public sector happen, regardless of what people on here think.

The public and private sectors do not exist in self-contained bubbles. They are interlinked. You invest in the public sector you are also benefitting the private sector. Infrastructure, health, education - all benefit the private sector. Starving the public sector has harmed the economy. Failing to invest through borrowing when interest rates were at an historic low was the triumph of blind Conservative political dogma over common sense.

From Johnson’s ‘Fuck business’ and Truss crashing the economy, a year or so of Tories and their supporters ‘shutting the fuck up’ would be greatly appreciated.

 

[bluethrunthru]

Interesting the don't put a number on small family farms - its been falling year on year for decades btw - however the costs of farming and production are the same today as they were yesterday and will be tomorrow - any taxation changes only apply to inheritance or sale - Farming is being used like fishing was in Brexit and will be dropped the moment grifters can't make use of it any more and left to its fate

 

[Churchlawtonblue]

See the edited version above.

Telegraph's headline says a lot.

Grieving families face £65,000 blow in Reeves’s inheritance tax grab​

He's got a point, people were encouraged to save into a pension and would benefit from saving 20% tax , and now they could be paying 40% tax on the money saved. It's a a bit of a snide trick.

Reeves and Starmer are were not honest about these tax rises. They consistently stated that they had no plans to raise more than £8.5b in the manifesto. It's a shame as I was hoping they would be different to the last lot. But they will be judged on these policies and the growth or otherwise they generate.

 

[Mr Kobayashi]

Interesting the don't put a number on small family farms - its been falling year on year for decades btw - however the costs of farming and production are the same today as they were yesterday and will be tomorrow - any taxation changes only apply to inheritance or sale - Farming is being used like fishing was in Brexit and will be dropped the moment grifters can't make use of it any more and left to its fate

Farmers don't keep working until they die do they? They usually retire and hand over the reigns to the next generation. So there would already be a transfer of plant machinery and other assets.

Correct decision. Otherwise small farms would have been cannabilised by tax evaders buying up chunks of the countryside and using agricultural tax relief to get around IHT.

 

[Ifwecouldjust.......]

"Change"

You were happy with the Tories introducing it though .....

 

[Ifwecouldjust.......]

View attachment 136912

If it does that but improves the NHS and other services , whilst making some better off ... that'll do for me.

 

[Skr1975]

 

[Ifwecouldjust.......]

I'm not convinced benefits are what draw people here.

I would suggest:

1. The English language. Unless we all agree to start speaking Welsh, there's not much you can do about that.

2. Established family/kin networks.

3. No ID cards. (Many people don't want a national ID card.)

4. A large black economy with lots of opportunities for cash-in-hand working.

5. Lax controls over employment. Dodgy companies like the meal delivery firms that will use anyone who rocks up, irrespective of status and weak laws that permit this to happen.

You cant claim benefits without a National Insurance Number .... if you're illegal and not applied or entitled to asylum you cant get a National Insurance Number, (so no benefits)

If you are awaiting an asylum hearing you can claim section 98 support . That is limited to a full board hostel and food. If food isn't supplied you get a ASPN card which is loaded with £49.18 a week with which you are to feed, purchase toiletries and clothe yourself.

If you are a failed asylum applicant and are appealing / awaiting deportation you can claim Section 4 support. That is limited to a full board hostel and food. If food isn't supplied you get a ASPN card which is loaded with £39.63 a week with which you are to feed purchase toiletries and clothe yourself.

All of these benefits are means tested and to claim them you have to recognised as ''destitute''

None of the provisions provide a flat screen TV and / or an iPhone.