Viewing 40 posts - 5,361 through 5,400 (of 7,765 total)
  • Rishi! Sunak!
  • argee
    Full Member

    I think that’s part of westminster, the naming of constituent areas, seems a lot to remember, bet the poor speech writer got home late last night having to fill in that nonsense 🤣

    kelvin
    Full Member

    I think that’s part of westminster, the naming of constituent areas

    Yes, it is. It’s the chuckling that seems out of place to me.

    kelvin
    Full Member

    Hmm… paying people more bad… reducing NI good. 🤷🏻

    argee
    Full Member

    Hmm… paying people more bad… reducing NI good. 

    Couldn’t put it better myself, an extra 2% to spend on shiny stuff!

    frankconway
    Full Member

    No change to IHT so…tears over the filet mignon in Surrey.

    In his opening statement hunt made reference to the UK’s ‘world class education system’; if he believes that he truly is deluded.

    kelvin
    Full Member

    Well, it’s easy to make the case that Charterhouse offers a world class education.

    frankconway
    Full Member

    Ah yes, were would we be without Carthusians?

    Klunk
    Free Member

    Well, it’s easy to make the case that Charterhouse offers a world class education.

    And Yet Eton and Oxford inflicted a thick as mince prime minister on us. World class my ass!

    dissonance
    Full Member

    Going into an election with a strategist who also works on behalf of a billionaire advocate of NHS Privatisation

    Palantir are less interested in NHS privatisation as just creating a private surveillance state.

    dissonance
    Full Member

    And Yet Eton and Oxford inflicted a thick as mince prime minister on us. World class my ass!

    Seems pretty world class to me at least at the school/uni level. Start with shit and polish it until it sort of shines.
    Outcomes for society arent the best but it is pretty much what any good parent would ask for.
    Get their child to shine way beyond their abilities.

    binners
    Full Member

    Talking of ‘thick as mince’, I see that Rishi’s latest appointees are doing well. If anyone expected any upgrade on the last bunch of half-wits then prepare to be disappointed. Ladies and Gentlemen, the new Chief Secretary to the Treasury. Somewhere a village is mourning for the loss of its idiot…

    Today we learned Laura Trott is the unthinking person’s Helen Whately

    kerley
    Free Member

    Seems pretty world class to me at least at the school/uni level. Start with shit and polish it until it sort of shines.

    Agree, where would Johnson have been if we went to the school I went to, not a PM that is for sure.

    ernielynch
    Full Member

    Somewhere a village is mourning for the loss of its idiot…

    They probably noticed that she was missing when she went off to Oxford to study economics.

    binners
    Full Member

    Another ringing endorsement of an Oxbridge education then

    She looks like she’d struggle to find her own arse, using both hands

    argee
    Full Member

    There’s an entire 12 months available to them to hide all the failings, and also plenty of time for Labour to implode, i’d not be too optimistic until there’s no way back for them.

    kerley
    Free Member

    I still think it will be some feat for Labour to lose. They won;t be winning along the lines of the polls but I do think that a lot of people have now had enough of the tory party and Starmer is the sort of person they could bring themselves to vote for rather than say Corbyn.

    martinhutch
    Full Member

    Palantir are less interested in NHS privatisation as just creating a private surveillance state.

    It’s not necessarily about Palantir (except in terms of the latest dodgy NHS contract to nick your data), but more broadly about its owner Peter Thiel’s agenda of moving the UK towards a US-style insurance-based model. Having one of his goons at the heart of government is not helpful, regardless of which arm of the Thiel corporate octopus he’s attached to right now.

    argee
    Full Member

    I still think it will be some feat for Labour to lose. They won;t be winning along the lines of the polls but I do think that a lot of people have now had enough of the tory party and Starmer is the sort of person they could bring themselves to vote for rather than say Corbyn.

    Read the Starmer thread for more than a page and there’s not much positives!

    Klunk
    Free Member

    Start with shit and polish

    I see a turd but no polish. A world class education system would see through the privilege and not hand out free passes to an imbecile who can’t read a **** graph.

    frankconway
    Full Member

    Having listened to hunt’s statement it would be easy to think this was all good news but, as is always the case, detailed analysis of the OBR report is now underway so…

    It says the largest contribution to that is the freezing of most income tax thresholds, so they don’t rise with inflation.
    That so-called fiscal drag (the “drag” comes from people being dragged into higher tax brackets than they otherwise would have been – or having more of their income caught in a higher bracket) will net the Treasury £45bn by 2029 and create four million new income tax payers, according to the OBR.
    Compare that £45bn gain to the cut in the main National Insurance Contribution rate – which will cost the treasury £10bn.
    In effect, that tax cut is being funded by raiding our paycheques

    and

    with all the chat about falling inflation:

    “We…expect inflation to remain higher for longer, taking until the second quarter of 2025 to return to the 2 per cent target, more than a year later than forecast in March.”

    Only a few months ago, the OBR said inflation would drop to 0.9% next year.
    What does this mean? Basically, interest rates will have to remain high for some time in order to control inflation
    And, with all the talk of the economy looking up – what about how it feels for individuals?

    “Real GDP per person remains 0.6 per cent below its pre-pandemic peak and in the central forecast only recovers that peak at the start of 2025,” writes the OBR.

    and

    The OBR says:

    The economy will grow this year by 0.6% – that’s compared to a 0.2% fall forecast in March
    But in 2024, growth is only expected to be 0.7% – compared to 1.8% forecast in March
    And in 2025, growth is forecast to be 1.4%, rather than 2.5%

    and

    “Living standards, as measured by real household disposable income per person, are forecast to be 3.5 per cent lower in 2024-25 than their pre-pandemic level.

    “While this is half the peak-to-trough fall we expected in March, it still represents the largest reduction in real living standards since ONS records began in the 1950s.”

    and

    In its report on the government’s tax and spending plans, the Office for Budget Responsibility says Chancellor Jeremy Hunt has £27bn in fiscal headroom – and most of that has already been spent in the measures he has outlined in the Autumn Statement.

    Fiscal headroom is how much money the chancellor has for cutting taxes or raising spending, taking into account the rules the government has set itself. So, for example, one of its key rules is that borrowing must not exceed 3% of GDP at the end of a five year period.

    The OBR says in its report: “The chancellor spends virtually all of this on a 2p cut in NICs [National Insurance Contributions], permanent tax relief for business investment, and further welfare reforms, leaving debt falling by a narrow margin in five years.”

    and

    Cost-of-living payments have been a lifeline for many people when it comes to paying the bills, although there is debate over how they were delivered. There is no promise to continue them beyond the spring.

    and

    Someone has to pay the price: a new age of austerity may be looming.

    and

    freezing thresholds is generating so much tax revenue, with inflation higher than forecast, that the tax burden remains at a post war high.

    The OBR confirmed that by 2028 a truly astonishing £46bn will be raised by the freezes, in just one year.

    and

    Dr Sarah Hughes, chief executive of the mental health charity Mind, called the Autumn Statement “a backwards step for the UK, which people with mental health problems will feel sharply” with changes to assessments “brazenly motivated by a desire to save money”.

    Yep, smoke’n’mirrors; deception, really.
    Should play well with right wing media, committed tories and the hard of thinking.

    I think the odds are shortening on a spring election; budget in March promising more ‘goodies’ rapidly followed by a GE.

    kerley
    Free Member

    Read the Starmer thread for more than a page and there’s not much positives!

    The positives are it just can’t be as bad as the last 13 years and Starmer could get tory votes that others have failed to do so since Blair.

    crazy-legs
    Full Member
    chewkw
    Free Member

    Having listened to hunt’s statement it would be easy to think this was all good news but, as is always the case, detailed analysis of the OBR report is now underway so…

    LOL! Here, some candy for you to soften your stance. (govt “bribing” the people by some NI, tax cut etc)

    How can a budget for economic growth not contribute to further inflation? Can someone explain please. Economist anyone?

    The positives are it just can’t be as bad as the last 13 years and Starmer could get tory votes that others have failed to do so since Blair.

    Starmer needs to spell out what he has in mind to tackle inflation and cost of living rather than wait until GE to reveal his plan. I really want to hear what he has to offer.

    Current inflation or cost of living increment is really not some sort of “growth” (normally associated with economy performance) but more like world wide supply side shortage and most are just embarrass to point to the elephant in the room.

    Kramer
    Free Member

    Starmer needs to spell out what he has in mind to tackle inflation and cost of living rather than wait until GE to reveal his plan.

    I don’t think he does.

    This budget was designed to set a trap for him, to get him to do exactly what you said above, so that the Tory press can beat him with his plans before an election.

    I think he needs to keep his powder dry.

    Poopscoop
    Full Member

    Well, we are buggered but just to make sure, they have buggered us again to make sure that Labour can’t un-bugger us as they will have bugger all money to repair all the crumbling institutions that make a happy and functioning society function.

    Bugger.

    ransos
    Free Member

    Another ringing endorsement of an Oxbridge education then

    Absolutely. She’s a senior member of the government.

    chewkw
    Free Member

    I don’t think he does.

    This budget was designed to set a trap for him, to get him to do exactly what you said above, so that the Tory press can beat him with his plans before an election.

    I think he needs to keep his powder dry.

    Starmer has not reveled his plan yet so that should be interesting the moment the date of GE is made public.

    I feel the trap is for more the people rather than Starmer, because any other form of investments etc are not going to reduce the inflation.

    In the current climate, in order to reduce the inflation (cost of living) there must be active govt intervention in the basic cost of economy (production), but then this is a market economy so nothing can be done other than making some minor adjustments in the hope that the whole situation will pass.

    I blame the clown Boris.

    kelvin
    Full Member

    Labour’s proposals to look at doing away with the current system of business rates look a lot like your rants of old chewkw.

    Well, policy wise… you used slightly different language to Starmer and Reeves.

    😉

    chewkw
    Free Member

    Labour’s proposals to look at doing away with the current system of business rates look a lot like your rants of old chewkw.

    Well, policy wise… you used slightly different language to Starmer and Reeves.

    😉

    LOL! Starmer must be lurking on STW.

    The business rates is a good start but must be strategically applied to encourage SME and to keep the MNE sweet.

    kelvin
    Full Member

    I agree. In the main.

    Oh, can you just allow me this one little “I Told You So” moment…

    I blame the clown Boris.

    DD31EE40-C57E-4CBD-AA4E-E79D38BF491B

    dantsw13
    Full Member

    So inflation is only down because its the month that the energy price cap drops. Itll be back up again soon.

    Hunt has more “Fiscal Headroom “(???) because……….. inflation is going to be higher than expected, so income tax and VAT  receipts will be higher……..

    How on earth they keep a straight face is beyond me.

    binners
    Full Member

    He’s ‘fiscal headroom’ because Rishi froze tax allowances which generated hugely increased revenues (as it’s a stealth tax increase), then he’s now playing the hero saying you can have a fraction of that increase back

    Hurray for fiscal drag

    They’re taking us all for idiots

    thestabiliser
    Free Member

    What’s the blue ties all about?

    theotherjonv
    Full Member

    So inflation is only down because its the month that the energy price cap drops. It’ll be back up again soon.

    Partly. If the EPC goes up tomorrow as expected doesn’t mean inflation will go back up, depends what the price was in Dec last year.

    But also remember we all got £66 per month towards energy costs last winter as well. So while the EPC might be lower, what YOU individually are paying might not be a lot different. Hence what we have in our pockets being more than last year is not necessarily true either.

    And as Binners has said, the change in tax thresholds outweighs the change to the NI rate.

    binners
    Full Member

    There’s a Tory MP on Newsnight now telling us that black is in fact white.

    Apparently we should all be grateful for this ‘tax cut’, despite it nowhere near compensating for what we’ve already lost through the stealth tax of freezing personal tax allowances

    “The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

    dudeofdoom
    Full Member

    How on earth they keep a straight face is beyond me.

    Yep my favourites due to things we’ve done inflations down, when they’ve done **** all and everyone knows it.

    crazy-legs
    Full Member

    Yep my favourites due to things we’ve done inflations down,

    First rule of economics.
    When inflation rate goes up, that’s due to war in Ukraine, fuel prices, factors outside Government control.
    When inflation rate goes down, that’s due to Tory fiscal control and management.

    intheborders
    Free Member

    Couldn’t put it better myself, an extra 2% to spend on shiny stuff!

    <small class=”bbp-reply-post-date” style=”box-sizing: border-box; –tw-translate-x: 0; –tw-translate-y: 0; –tw-rotate: 0; –tw-skew-x: 0; –tw-skew-y: 0; –tw-scale-x: 1; –tw-scale-y: 1; –tw-scroll-snap-strictness: proximity; –tw-ring-offset-width: 0px; –tw-ring-offset-color: #fff; –tw-ring-color: rgb(59 130 246 / 0.5); –tw-ring-offset-shadow: 0 0 #0000; –tw-ring-shadow: 0 0 #0000; –tw-shadow: 0 0 #0000; –tw-shadow-colored: 0 0 #0000; font-size: 10px;”>Posted 18 hours ago</small>

    Hook, Line and Sinker!

    Which bit of your tax burden will CONTINUE to rise did you miss?

    binners
    Full Member

    A nice front page summary by the Mirror

    2F3C14A6-22B0-4FD1-8A57-2ADA9A8D665D

    dovebiker
    Full Member

    I read somewhere that freezing of tax thresholds means that the current £12.5K limit would have increased to £18.5K by 2028 if adjusted for inflation.

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