The Conservative Party

[bluethrunthru]

All you really need to know despite what has been said today is simply this - the OBR predicts the next two years will see the biggest drop in our living standards since the early 1950's - THE WORST 2 YEARS ARE COMING

 

[splinter]

Everything is fucked except mcfc.

 

[bluethrunthru]

How it started

Security minister Tom Tugendhat denies using phone while driving

In a written guilty plea, Kent MP Tom Tugendhat said he was holding but not using the device.

www.bbc.co.uk

How its going

Security minister Tom Tugendhat banned from driving over phone use

Kent MP Tom Tugendhat was caught driving his 4x4 with his phone in his hand in London.

www.bbc.co.uk

 

[Corky]

Am i missing something, he says the income tax/ni thresholds frozen until 2028 but what taxes are going up now then?

In real terms the threshold comes down if it stays the same for 6 years, so everyone pays more.

The budget was not as bad as expected. The 9.7% rise in the minimum wage is positive after a large rise this year.

 

[Fred_Quimby]

I am at a loss, did I miss something this morning. Was this budget a 'budget for growth'? If so what were the growth details? All I am able to see are tax hikes and public spending cuts. How will these grow the economy?

 

[Alan Harper's Tash]

Confirmed announcements:

• The threshold for the Additional Rate band (45% marginal rate) of income tax is being reduced from £150,000 to £125,000.
• Other tax bands to be frozen until April 2028
• Dividend allowance to be cut from £2k to £1k from April 2024, then £500 from April 2025
• The Capital Gains exempt amount is dropping from £12,400 to £6k next year, then £3k from April 2024
• Electric vehicles to be subject to VED from April 2025
• Windfall tax on energy producers up to 35% (currently 25%) from 1st January, to last until March 2028
• A temporary levy on electricity generators of 45% from 1st January
• Stamp duty cuts remain until March 2025
• Defence budget to be maintained at at least 2% of GDP to be consistent with our NATO commitment
• £3.3bn extra to the NHS, £2.8bn extra for schools, £2.8bn extra for social care.
• A new nuclear plant at Sizewell C to go ahead
• Target to reduce energy consumption by 15% by 2030
• Energy Price Guarantee to be continued for a further 12 months from April with a new price cap of £3k/year for the average household
• Social rent increases capped at 7% in 2023-24
• National Living Wage to increase by 9.7% from April 2023 (the new hourly rate will be £10.42)
• The State Pension and means-tested benefits (including Universal Credit and Pensions Credit) to rise in line with inflation (by 10.1%)

• Target to reduce energy consumption by 15% by 2030

This seems impossible if we’re all supposed to move to electric cars.

 

[domalino]

• Target to reduce energy consumption by 15% by 2030

This seems impossible if we’re all supposed to move to electric cars.

Global warming will be so bad by 2030 we will only need to use central heating for 2 weeks a year.

 

[bluethrunthru]

Everything is fucked accept mcfc..

stands to reason - I would never reject MCFC

 

[Alan Harper's Tash]

Global warming will be so bad by 2030 we will only need to use central heating for 2 weeks a year.

Although won’t it make our winters colder?

Only the U.K. climate could get worse!

 

[mat]

Basically were fucked if we don't earn more than £150,000?