The Labour Government

[west didsblue]

Genuinely, why was it a shit show of a budget?

You’ll get a load of waffle about bond markets. You will wish you never asked.

 

[Kompany Car]

Well the markets seem to have responded positively which is good and to be honest all that I personally hoped for. I will personally be a bit worse off as a result but I knew that would be the case anyway. Lets hope that the money now gets funnelled into growing the economy on a national scale.

 

[west didsblue]

Has she promised them a new stadium or to fix the leaking roof?

She was making out they weren’t investing because of Labour so you’re probably right.

 

[mosssideblue]

I take it you haven’t seen any of the figures.

I’ve just finished watching it and thought it was ok. What exactly is your beef other than she belongs to Labour

 

[remember arthur mann]

Oh, look who it is - BKB

Well guess what twatty bollocks - the stock market appears to have reacted positively to her budget speech and the FTSE is well up on the day. Maybe it wasn't a disgrace of a budget after all, but of course BKB

Probably a bit pissed off he has to pay more on his £2,000,000 mansion.

 

[Millwallawayveteran1988]

Still find this is an odd one and it just going to piss people off, especially for people in their 20s-50s who are currently shitting themselves that their won't be much of a state pension if You have savings if/when You retire and have been told put what You can into private pensions to cover Your arses by all and sundry all Your working life.

I find the timing odd. Surely big earners with some wealth will put more in before the changes now which will cost the government money. I’m not sure why the needed to announce something that won’t be coming in for four years.

 

[mosssideblue]

I’m lagging with up to date news, but just listening to the start of Badenoughs response. Deary me, if the Tories want to have any chance of recovering, she needs removing.

 

[Millwallawayveteran1988]

Huge fuck up by the OBR, I would hope that it wasn’t deliberate.

Budget doesn’t seem overly controversial, anybody see anything that screams out at them?

No but some of the rumours before it have led to lots of people making financial decisions that may not be in their interests, not least the removal of tax free cash from pensions which has been seen significant jumps in the last 2 years due to rumours alone.

 

[remember arthur mann]

Anyone checked on the 115 thread? Wouldn't surprise me if the PL had slipped it in the last hour.

 

[west didsblue]

I’m lagging with up to date news, but just listening to the start of Badenoughs response. Deary me, if the Tories want to have any chance of recovering, she needs removing.

The fact that 75% of her speech was personal attacks on Reeves was certainly not a good look.

 

[Blue Maverick]

Not looking good for these guys.

View attachment 175937

So my tax on the EV will double in 2028, time to get rid by then I think. Even worse on hybrids you get stung twice.

 

[Palerider]

Certainly not a growth budget so difficult to see how it actually does anything long term. After all the fuss it's pretty much nothing at all. Reeves and Badenoch do not like each other do they! Bit of a cat fight and I thought really infantile from both of them.

 

[Palerider]

So my tax on the EV will double in 2028, time to get rid by then I think.

Strange one indeed. I worked out that an EV would save me around £1000 in fuel costs (if on a home low tariff) but the extra buying cost, insurance and now an extra £300 a year would totally wipe out savings. Madness except for those buying puely to save the planet.

 

[M18CTID]

No but some of the rumours before it have led to lots of people making financial decisions that may not be in their interests, not least the removal of tax free cash from pensions which has been seen significant jumps in the last 2 years due to rumours alone.

For me, nobody should be making such important decisions based on rumours alone. Especially as a lot of those rumours around pensions in particular were nothing but scaremongering by certain media outlets. One clown at work cashed out his rather modest private pension earlier this year because his newspaper of choice told him that Reeves was coming after his pension. The reality is that a pension of his size was very unlikely to ever be affected and if he'd bothered to do his research the talk about tax-free lump sums - if they were to be implemented - were only going to affect those with a far higher pension pot than his but the dickhead went and spunked his whole tax-free lump sum on a brand new car and then bought an annuity with the rest.

 

[metalblue]

I think they’re hoping the economy will grow sufficiently over the next three years to cancel some of the tax rises in 2028/9 as a pre election giveaway.

They’ve taken a pessimistic view on growth so this might well be the case.

 

[Scottyboi]

For me, nobody should be making such important decisions based on rumours alone. Especially as a lot of those rumours around pensions in particular were nothing but scaremongering by certain media outlets. One clown at work cashed out his rather modest private pension earlier this year because his newspaper of choice told him that Reeves was coming after his pension. The reality is that a pension of his size was very unlikely to ever be affected and if he'd bothered to do his research the talk about tax-free lump sums - if they were to be implemented - were only going to affect those with a far higher pension pot than his but the dickhead went and spunked his whole tax-free lump sum on a brand new car and then bought an annuity with the rest.

Another point about that is, if that change had been implemented it wouldn't be instantly anyway so would have had time to make an informed decision.

 

[hilts]

If nobody knows the content of the Budget how has Badenoch got a written reply?

They get it early i think plus she just reads from the Norman Tebbitt autobiography "get on your fucking bike' anyhow.

 

[Kompany Car]

I find the timing odd. Surely big earners with some wealth will put more in before the changes now which will cost the government money. I’m not sure why the needed to announce something that won’t be coming in for four years.

Many businesses use salary sacrifice as a perk to attract employees and for some it will be in their contracts, my contract for instance specifically states the company also pay in NI savings. Changing it overnight would not allow time for businesses to adjust in certain sectors.

 

[metalblue]

Reeves is an unpleasant individual and gives as good as she gets - after delivering a disgrace of a Budget, and the shit show surrounding it, Reeves deserves everything coming her way.

Thank fuck for all the leaks as it would have been a whole lot worse. This is absolutely fine by comparison.

 

[hilts]

So my tax on the EV will double in 2028, time to get rid by then I think. Even worse on hybrids you get stung twice.

Most of the budget was a bit meh with not a lot to get either excited or depressed about. However the tax on EVs is a disgrace tbh. The extended freeze on personel allowances is also somewhat of a piss take especially to the low paid.