Couple of hours till the budget kicks off - any thoughts as to what will be in there? There have been a few things already leaked, I suspect there won't be any big giveaways given how long it is (meant to be) till the next election - is there enough political pressure to give more money to universal credit?
I just hope there's a new 50p to commemorate Brexit
- Nobody, ever.
It’s all a bit academic really, isn’t it?
like sitting making a list of all the holidays, activities and events you’re planning to attend over the next year, the on completing it going outside and throwing yourself down an old mine shaft?
is there enough political pressure to give more money to universal credit?
That was last weeks news, and the answer was yes but not enough, changing system too.
My suggestion is there will be quite a nice sweetener to middle classes, a token increase in amount to the NHS and a nominal increase to working tax credits. This will all be on basis of a good deal for brexit. If no deal / crash out then all the nice things are taken away.
I'm doing a budget, but if there's a no deal Brexit I'll have to do another one.
May i ask why bother, seeing as Government strategy on anything else to do with Brexit seems to be that there's no point wasting time on any sort of planning until we know what sort of deal we'll have going forward?
It's a sad day when Hammond is actually the cream of the crop.
[edit - and just seen that No 10 has said it won't change spending plans even if we do get no deal. So, it's more magic money tree then?]
He'll doubtless decide to make PSC's illegal, just as I'm about to go freelance again.
Universal Credit has got totally unworkable, bottomless moneypit written all over it.
Surprising for something devised by the towering intellect of Ian Duncan Smith then delivered by someone of the talent of Esther McVey
Universal Credit is actually a good system.
Well, it was til they messed with the tapers, made it really complicated to apply for/maintain and gave SFA support for the people on it.
Middle Class Sweetener
Business Incentives
Tax Cuts for special people
Hits for anyone who won't vote tory
Fake promise to ring fence tax rises for something or other
I like the narrative on the New 50p ....
“£1”
Only because I've been following it on the Beeb.
"The end of austerity" - followed by a few token gestures given as round figures rather than percentage increases in budgets to hide the fact they're only just ahead of inflation, if at all.
"£30bn to repair roads" - likely in the form of a nearly impossible to access fund for local governments, less than 10% will be spent before the next budget. Oh, and it's only for England, 'cause voter base.
£900m business rates relief for small businesses, sales of 5 Series, A6 and E-Series Mercedes to peak whilst wage inflation sits at near zero at the same time as the BOE use their powers to reduce our spending power in a time when family budgets are already strained to push down inflation caused by the weakened £
"Plans to cut the cost of Weddings" by allowing people to be married outdoors to save money.... possible the daftest idea I've ever heard. The venue you actually get married in in ludicrously cheap compared say, the flowers - truthfully people get married because they want to have a wedding, people who just want to stay together, stay together with or without getting married.
I've tried not being cynical, but as above, there's almost no point to it, he won't make any plans that Brexit won't affect, and it affects almost everything.
No new PFI’s
£1.7bn extra for Tax Credts (makes you want to start a family and live on benefits doesn’t it)
Now’t on Beer n Fags
No rise in fuel duty (cool, lets go rag our little Diesel engined SUVs)
£20bn more for the NHS
£7bn for Mays facelift and hair do..
£370m for Northern Ireland (more DUP bribes?)
Tax hike on basic rate taking lower paid workers out of the Tax bands.
Not a lot about Brexit other than he’s miraculously found the £1.7bn out of a hat for the Tax credit fiasco..
£860 (quick maths on my side, might be wrong?) extra cash in the pocket of anyone earning over £50k? otherwise seems quite small
Zero % imagination.
Usual then.
£860 (quick maths on my side, might be wrong?) extra cash in the pocket of anyone earning over £50k?
Well they do have it tough, 50k is close to poverty round here. I mean you probably can't even afford a second home on that.
Beer, cider and spirits duties to be frozen
Wine duty to rise in line with inflation
Thats it, the final straw I shall never vote Tory ever again!!
£860 (quick maths on my side, might be wrong?) extra cash in the pocket of anyone earning over £50k? otherwise seems quite small
Good news! thats...
<span style="font-size: 0.8rem;">Beer, cider and spirits duties to be frozen</span>
... a couple of weeks at Ocado sorted.
£860 (quick maths on my side, might be wrong?) extra cash in the pocket of anyone earning over £50k?
Well they do have it tough, 50k is close to poverty round here. I mean you probably can’t even afford a second home on that.
Second or third?
'Era of austerity <span style="text-decoration: underline;">coming to an end</span>' which means it ain't all over for a good while yet. The Brexit hurricane could put paid to a lot of this budget anyway. They're going to be passing a lot of debt on to Corbyn's administration and our assets have been stripped.
I really cannot believe how anyone who was not a multi-millionaire would vote for this lot. But they do. Christmas coming soon for the turkeys.
50k a year for each secondary school to spend on those "little extras"
What like teachers, buildings, SEN provision or TA's?
https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN02625#fullreport
Average secondary school has 910 pupils so £54.95 per pupil
Is that per day or year?
Per year, going to make a massive difference of course. It might help people work out these are tiny amounts being used to bribe people.
Is that per day or year?
Per lifetime, its a one off!
I ****ing hate tories.
is there enough political pressure to give more money to universal credit?
Until March then once Johnny Foreigner has gone the mail will switch focus to benefit scum not contributing to society
Good to see the Tories true to colour giving 6x more to high earners than the low paid (£860 vs £130 tax cut by moving the bands a bit). Total waste of money IMO, the should have given the billion or two it will cost to adult social care.
🤣👏
‘Era of austerity coming to an end’
Not in my house. At least they’re releasing a commemorative fifty pence piece though. That’ll make everything better.
He’ll doubtless decide to make PSC’s illegal, just as I’m about to go freelance again.
That geoffj was on the money re IR35 in the private sector 😉
https://singletrackworld.com/forum/topic/contractors-what-accountancy-company-do-you-use/
“Good to see the Tories true to colour giving 6x more to high earners than the low paid (£860 vs £130 tax cut by moving the bands a bit). Total waste of money IMO, the should have given the billion or two it will cost to adult social care.”
+1. I certainly don’t need this tax break while there are people in paid employment using food banks. Should be the other way round.
the LD’s got a lot of flack for being in coalition with the conservatives, but I don’t think they’d have allowed this giveaway to higher earners with so little for lower incomes.
You do realise it’s proportional don’t you? And that most of those higher earners are paying a shitload more tax than they’ll ever use via the State themselves, and supporting the lower earners?
Its funny how the lower earners never think of the fact that other people might be paying for the state services that they consume, because thier wage bill doesn’t cover it. There should be some people at least grateful that they dont have to fork out for private care/dental/education on a lower salary because we actually do have state services to support them, whilst they are actually about to pay even less of as contribution.
Sure, the higher earners might not “need” it quite so much but why should they give away thier achievements or be punished for thier success in life - which seems to be the opinion of some people.
£860 (quick maths on my side, might be wrong?) extra cash in the pocket of anyone earning over £50k?
More or less, but offset by increased NI which *everyone* has to pay. So the "lifting people out of tax entirely" is a load of bollocks.
Sure, the higher earners might not “need” it quite so much but why should they give away thier achievements or be punished for thier success in life – which seems to be the opinion of some people.
Every time there is the mention of money or earnings you bring up success, achievement or something similar. You do realise that there are low earners who have chosen to work in fields that may not pay much and high earners who haven’t worked particularly hard to get where they are? Not having a dig, just an observation from other posts I’ve seen you make.
thier wage bill doesn’t cover it. There should be some people at least grateful that they dont have to fork out for private care/dental/education on a lower salary because we actually do have state services to support them, whilst they are actually about to pay even less of as contribution.
Nice list of essentials there kryton. When did you last have to decide which bill to pay or if it was food or heating
but why should they give away their achievements or be punished for their success in life
Of course, the luck of birth doesn't enter into things in this glorious meritocracy of ours, which as we all know is a model for social mobility the envy of the world.
Is this where we get the standard "I didn't get where I am today....." bit?
You do realise it’s proportional don’t you? And that most of those higher earners are paying a shitload more tax than they’ll ever use via the State themselves, and supporting the lower earners?
This argument always amuses me. The benefit of public services is too society as a whole not individuals. Just think it through - state education provides an educated workforce, police, armed forces, infrastructure, enrimonenal and food protection etc directly benefit all.
The biggest element of welfare is state pensions which is not means tested ( and wealthy people live longer). The next biggest is benefit s paid to working oeippe because the minimum wage is too low - so additional benefits are required to give people a standard of living that keeps them in work and society functioning.
Taxation - or more accurately the services paid for by tax, keeps society functioning. Rich people by definition benefit most from functioning societies
And that most of those higher earners are paying a shitload more tax
Not as a proportion of their income.
Kryton has a point to some degree, counter that by Tax being a revenue stream to provide services to All.
Granted once you get over an income threshold those same services are taken away, and have to be paid for separately.
But by then higher income earners have the means to pay for it.
I support Vince Cables proposal of 1p in the £ increase in Tax for all.
I’m of the opinion the only way to satisfy the deficit the low income earners and in work low income can get out of that trap the better for all.
I am a higher rate income earner, I can afford it.
My support does however have a caviat, and that is anyone who voted for Brexit can **** off.
As a proportion of there income, higher rate tax payers t\do pay more as a proportion of their income. Unless they are BBC media types etc who make themselves a company etc.
if everyone who voted foe Brexit f***s off, where do you replace the 52% reduction in revenue stream ....
This argument always amuses me. The benefit of public services is too society as a whole not individuals. Just think it through – state education provides an educated workforce, police, armed forces, infrastructure, enrimonenal and food protection etc directly benefit all.
Which also amuses me. The original argument stands against higher earners as being unfair, but actually the greatest majority of users of the above is the lower earning populous. Higher earners get no more of those services based on their tax contribution than lower earners. If you want to talk about unfair, perhaps have a think on that.
Typical of the "lower earner" argument, is that it would appear higher earners are privileged for their success. As far as the state is concerned that isn't true at all - they contribute more and generically speaking receive the same level of state services as their lower earning neighbours. Where their privilege comes is the higher proportion of disposable income which they (in the main) <i>earned </i>via their working salary, and have every right to spend as they wish. If they then choose to use that income to enhance a level of service - private education, private healthcare - thats their choice, its not handed to them by UK Gov.
if everyone who voted foe Brexit f***s off, where do you replace the 52% reduction in revenue stream ….
We’d benefit from a stable social cohesion... and those Brexiteers can go play in Argentina.
if everyone who voted foe Brexit f***s off, where do you replace the 52% reduction in revenue stream ….
Nah, just think of the net benefit of not paying all those pensions and concomitant NHS bills ( 😉 )
