Off Topic The politics thread - Starmer/Reeves/Farage etc.

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Next year probably not too bad for many. A lot of the tax increases come later. Spend comes sooner though so I suspect borrowing will increase short term.

The tax thresholds are likely to be a problem for a lot of folk. Reading that the state pension could be more than lowest tax threshold by the time it kicks in. 18 year olds on min wage could also start paying tax too. It doesnt seem right in some cases but tough times and all that.

The Economist have called it a budget for the party not the country. Seems a bit harsh but I do think more is needed and this doesnt offer much in terms of growing the economy. Tax and Spend is the accusation Labour often have to fend off, not sure this does enough. I have been reading about a forecast slow down in AI adoption today. It is an area we as a country are keen on to power growth.

I wouldnt want to try and plot a budget. Never going to please everyone. Folk will have their own view on fairness of this one, or the long term impact good or bad.

The Economist was right.

This budget is almost diametrically the opposite to what Reeves and Starmer were saying and implying only a few months ago.

It is appalling, and the long term affects will be awful. If you work hard, are self employed and do more hours, take risks, start up a company, employ people, strive to really better yourself and yours, you will be hit.

These are the people who create ALL the wealth, the State only spends it. This is the first government of any kind with not a single person in cabinet who has any experience of the world where wealth is made. And it shows up very badly.

They have a majority of 169, and have presented a budget written by the far left of the party, in the hope that they don't get ousted from their ceremonial chairs.

Rudderless doesn't begin to describe it . Sooner or later, the spending will have to stop. The markets will stop it .

Socialism has never worked. Never in the dozens of times it has been forced on economies. It always fails for the same reasons and the same will happen here.

Inflation will rise. Growth will halt and recession will follow. Debt will soar. Stagnation will follow that. It's just numbers, it always happens. And it can't even be slowed down by exploiting our vast natural resources, as they are shutting them down.
 
The Economist was right.

This budget is almost diametrically the opposite to what Reeves and Starmer were saying and implying only a few months ago.

It is appalling, and the long term affects will be awful. If you work hard, are self employed and do more hours, take risks, start up a company, employ people, strive to really better yourself and yours, you will be hit.

These are the people who create ALL the wealth, the State only spends it. This is the first government of any kind with not a single person in cabinet who has any experience of the world where wealth is made. And it shows up very badly.

They have a majority of 169, and have presented a budget written by the far left of the party, in the hope that they don't get ousted from their ceremonial chairs.

Rudderless doesn't begin to describe it . Sooner or later, the spending will have to stop. The markets will stop it .

Socialism has never worked. Never in the dozens of times it has been forced on economies. It always fails for the same reasons and the same will happen here.

Inflation will rise. Growth will halt and recession will follow. Debt will soar. Stagnation will follow that. It's just numbers, it always happens. And it can't even be slowed down by exploiting our vast natural resources, as they are shutting them down.
 
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There’s a few short sighted people on here. Poverty causes poor social, health educational and economic outcomes. Saying should this and should that is a waste of breath. People who suffer less, develop more and cost the purse less. It’s right for humanity and right for the economy. There’s a lot wrong with the economy but easing the struggle for the most needy isn’t one of them.
What a load of crap, people are not short sighted they are just sick of their hard earned money going to the workshy. I have no issue with supporting the needy but straight after Del & Rodneys budget we are presented with families who will benefit from the budget. A family of 6 soon to become 7, both parents on universal credit but delighted because they will have a lovely christmas this year with the extra benefits they will receive. A bangladeshi family of 8 obviously even more delighted with their new found wealth. Instantly made richer than working family of 4. It stinks to high heaven
 
What a load of crap, people are not short sighted they are just sick of their hard earned money going to the workshy. I have no issue with supporting the needy but straight after Del & Rodneys budget we are presented with families who will benefit from the budget. A family of 6 soon to become 7, both parents on universal credit but delighted because they will have a lovely christmas this year with the extra benefits they will receive. A bangladeshi family of 8 obviously even more delighted with their new found wealth. Instantly made richer than working family of 4. It stinks to high heaven
Can't argue with that. Whatever happened to planning your family on what you could afford.
 
There was an article yesterday about the changes to mobility, of course the person they showed was a disabled woman with a modified car, which should be the main recipient of mobility, 99% of people agree with mobility for her. Just not people getting a expensive car with money that was initially for people to modify home to help them get about
 
There was an article yesterday about the changes to mobility, of course the person they showed was a disabled woman with a modified car, which should be the main recipient of mobility, 99% of people agree with mobility for her. Just not people getting a expensive car with money that was initially for people to modify home to help them get about
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Will still be plenty of cars in that bracket though,
I always thought DLA was to help people stay in their own homes by modifications ie stair lifts, walk in baths and other aids, if they are using all the money for cars instead of the above how do they manage at home.
 
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Just read an article in the guardian about the budget saying low paid workers to be hit the hardest by tax freeze, would of been fairer and same amount by putting income tax up 1 %.
 
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https://www.bbc.co.uk/
Faisal Islam: The real reason Reeves is making you pay more tax


The net result of all that is the OBR forecasts show she could have met her self-imposed rules of only borrowing to invest and cover day-to-day spending with tax receipts, without freezing income tax thresholds.

So why did she do way more than expected? By freezing thresholds for a further three years until 2031, she is dragging most people into paying more tax including pulling almost one in four people into the higher rate tax bracket.

If it wasn't for her U-turn on welfare reforms, she would have been on track to actually meet her target by a whisker before she made any changes to tax and spending.
 
Why didn't they just put up income tax instead of introducing a host of stealth taxes that could cost more to implement and collect that they actually generate ...
Oh yes the dream team promised not to raise taxes for working people.
Who's turn is it to lie now?