[Closed] Where's the STW summer budget thread?

THM can you explain how making the poor poorer while cutting taxes for the rich is 'very un-Tory' please?

Why would I do that? The question does not make sense

*sigh*

The question makes perfect sense and you understand it perfectly well - why try to pretend otherwise apart from to troll?

It's your nonsense claim that a budget that takes away from the poor and includes tax cuts for the rich isn't a typical Tory budget that makes no sense whatsoever.

The we have a "Tory" budget that has, wait for it, greater than expected tax RISES, yes RISES.

Like the rise in corporation tax and the the rise in inheritance tax? Oh no wait....

Well I can take the same view as other professional economists (google the left-of-centre Stephanie Flanders for a start) or I can take your view. Choices, choices......

Hmmm.......

Or I could read today's article in the FT about how UK tax has become more progressive since 2000....hmmm again.

The Daily Mail is heralding this as a triumph, and they're known for their moderate centrist views.

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Nice little infographic here from the Mail which explains how great it is that everyone wins - except the working poor who are getting screwed over to the tune of £2000 per year. But yeah, definitely not a typical Tory budget. 🙄

yeah really, it's the comfortable whingers that are getting hit no?
Any family earning under £20k isn't gonna get hit from what I understood

Any family earning under £20k isn't gonna get hit from what I understood

You understood wrong then.

are you sure?
That seems very unlikely.. could you elaborate?

As a share of income, a household in the second poorest decile will be more than 7% worse off as a result of the budget and changes previously announced. The losses get steadily smaller as households get richer, up to the ninth decile, which is better off as a result of the budget. The richest 10% of households loses, but only marginally.

yunki - Member
yeah really, it's the comfortable whingers that are getting hit no?

No, they're fine.

What about comfortable but not whinging, are they being hit too?

But yeah, definitely not a typical Tory budget.

Wow, Grum and The Wail versus the likes of Stephanie Flanders

Chancellor’s break with Tory orthodoxy not very conservative at all....But it is the exact opposite of what Margaret Thatcher preached in the 1980s.

And Martin Wolf

This is of course an example of the leaden-footed regulatory interventions against which the Conservative party rails when they emanate from the EU.

Leaving aside the other comments re jackdaw politics as Osbourne borrows ideas from other parties.

Choices, choices...a real conundrum now....

And let's not forget those tax experts who always remind you that taxes have to be considered as a whole not in isolation. What do they know. They will be pointing to the rise in the tax burden in their folly. Honestly, some people...