The Labour Government

OBR: - Freezing tax thresholds from 2028-29 onwards (raises 8bn)- Charging National Insurance on salary-sacrificed pension contributions (raises 4.7bn)- Increasing tax rates on dividends, property and savings (raises 2.1bn)- Charge on electric and plug-in hybrid cars from April 2028 (raises 1.4bn)- Reforms to gambling tax (1.1bn)- Changes to capital gains tax reliefs on employee ownership trusts (£0.9 billion)

Looks like the salary sacrifice thing not coming until until 2029.
 
Starmer can't use the Truss budget as a point score after this major fuck up.

I don’t really see the logic here.

Someone at OBR, which isn't part of the government or Starmer's responsibility at all leaks the 2025 budget, so Labour can't point out the last Tory budget destroyed the economy?

Someone has fucked up here, I don't see how it's Labour. The OBR is independent and supposed to be given the budget by the government ahead of time. Whoever leaked it has nothing to do with Labour and has clearly done this to damage them/undermine the Chancellor.

Meanwhile the markets have reacted well to the budget.
 
On BBC 2 they're saying the budget has been received well by the market. Apparently up from before it was leaked. Very different to Truss' budget, more just a technical fuck up by OBR.
OBR have apologised and started an inquiry.

The usual RW media outlets will be framing this as a betrayal of the country and demanding the government resign. Along with their social media lackies.
 
I don’t really see the logic here.

Someone at OBR, which isn't part of the government or Starmer's responsibility at all leaks the 2025 budget, so Labour can't point out the last Tory budget destroyed the economy?

Someone has fucked up here, I don't see how it's Labour. The OBR is independent and supposed to be given the budget by the government ahead of time. Whoever leaked it has nothing to do with Labour.
You're right and I take back what I said.

(Puts tin foil hat on) I wouldn't rule out the Russians.
 
I like the change to ISAs although I will never be lucky enough to max out the 20k a year it makes sense to encourage stocks over cash ISAs, whilst allowing over 65s to use the full allowance for cash still.
 

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