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Post by Blackmarsh63 on Mar 6, 2024 14:12:22 GMT
Expect a NatWest fire sale of the Govt’s shares in it to raise cash. Confirmed...
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Post by Reviewer on Mar 6, 2024 15:10:42 GMT
At least they’ve increased the child benefit threshold, as stupid as it still is that it’s based on just the highest earner.
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Post by Dougs on Mar 6, 2024 15:19:05 GMT
Yeah, they are apparently consulting on sorting that out. It's irksome as I just cancelled additional pension contributions (that I was using to bring down pensionable pay) as I would be over the limit even with that. And was just about to cancel it entirely as no point if paying it all back.
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Vandelay
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Post by Vandelay on Mar 6, 2024 16:02:28 GMT
Not even hiding the motivation behind lifting Labour policy. Also have the gull to mention what Labour would do with the money after spending much of the past year accusing Labour of having no policies.
From The Guardian live-blog:
Tories challenge Labour to say what will happen to policies it planned to fund through tax measures Hunt has adopted Governments don’t like performing U-turns, but for Jeremy Hunt there were two bonuses from lifting two of Labour’s tax plans; it funded his tax cuts, and might force Labour to drop some of its more attractive spending plans.
To emphasis this point, CCHQ has just sent a briefing note to journalists saying Labour must now explain whether it is going to abandon these policies, or find another way of funding them.
The Tories say these are the policies Labour was planning to fund with £1.6bn from the abolition of non-dom status.
More NHS appointments (£1.1bn per year) Breakfast clubs in schools (£186m per year) More NHS equipment (£171m per year) More NHS dental appointments (£111m per year) And the Tories says these are the policies that Labour plans to fund with £4.9bn from the extension of the windfall tax.
Home insulation programme (£1.32bn a year) Green-related jobs (£500m per year) Setting up GB Energy (£1.66bn a year) Creating a sovereign wealth fund (£1.46bn a year Labour is holding a briefing this afternoon, so we should get some sort of response then.
The Tories expect to raise more from the abolition of non-dom status than Labour said it expected to raise. But Labour’s version of the extension of the windfall tax is forecast to raise more than the Jeremy Hunt version, which he says will raise £1.5bn by 2029, and so not all the Labour revenue has been spent.
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Bongo Heracles
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Post by Bongo Heracles on Mar 6, 2024 16:08:19 GMT
Yeah, they are apparently consulting on sorting that out. It's irksome as I just cancelled additional pension contributions (that I was using to bring down pensionable pay) as I would be over the limit even with that. And was just about to cancel it entirely as no point if paying it all back. Yeah, we requested to just cancel it. It was harder than it needed to be because the mrs was down as the claimant but I'm the one over the threshold
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Post by Whizzo on Mar 6, 2024 16:17:23 GMT
Tinkering with the books while the country falls to bits just so Labour inherits even more of a shitshow is such a wheeze.
edit: oh no Jeremy, it's not impressed voters.
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Post by Dougs on Mar 6, 2024 16:45:38 GMT
Yeah, they are apparently consulting on sorting that out. It's irksome as I just cancelled additional pension contributions (that I was using to bring down pensionable pay) as I would be over the limit even with that. And was just about to cancel it entirely as no point if paying it all back. Yeah, we requested to just cancel it. It was harder than it needed to be because the mrs was down as the claimant but I'm the one over the threshold That's the position I'm in. I think I'l leave it but stick it aside until I can wrap my head around how much of it I will owe from April 24.
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Post by Reviewer on Mar 6, 2024 17:24:55 GMT
I pump so much into my pension these days to avoid it. At this rate I’ll be able to retire in less than 10 years.
According to an online calculator this budget will be very good for me because of that child benefit thing. I really don’t think I’m where tax cuts should be going.
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Post by Whizzo on Mar 6, 2024 20:29:52 GMT
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Post by technoish on Mar 6, 2024 21:25:59 GMT
I pump so much into my pension these days to avoid it. At this rate I’ll be able to retire in less than 10 years. According to an online calculator this budget will be very good for me because of that child benefit thing. I really don’t think I’m where tax cuts should be going. I think we are both each £1300 quid better off annually. Of course that's about the same as we will be worse of from higher mortgage costs shortly, EVERY MONTH.
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Post by clemfandango on Mar 7, 2024 0:12:52 GMT
My mortgage Jumps up £900 a month next month thanks to Truss. So glad I’ve got that £60 per month back of Jeremy, it will make life loads easier
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cubby
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Post by cubby on Mar 7, 2024 6:43:55 GMT
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Mark1412
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Post by Mark1412 on Mar 7, 2024 6:47:59 GMT
The BBC says you'll "save" about £50 a year because of fuel duty too you ungrateful bastards. I'm getting £2.60 more a month in child benefit which ought to go some way to offsetting my mortgage increase and no-doubt below inflation pay rise next year which will also probably take me into a new tax bracket which hasn't risen.
Seismic announcement, Cons.
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Post by Dougs on Mar 7, 2024 6:54:22 GMT
And all the while, don't even think about going to hospital or wanting routine surgery that will improve your quality of life.
It's absolutely barmy. Even the usual papers are luke warm.
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Bongo Heracles
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Post by Bongo Heracles on Mar 7, 2024 7:59:38 GMT
Yeah, every penny I’m ‘saving’ is wiped out in a couple of increased mortgage payments. There is basically no bribe big enough to offset them unleashing Liz Truss on us.
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Post by Dougs on Mar 7, 2024 8:04:03 GMT
Yup, not looking forward to my mortgage repayments come December, if my mum's house doesn't sell to lump off some capital.
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Post by Danno on Mar 7, 2024 9:07:26 GMT
Burn it down Cubby. BURN IT ALL
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cubby
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Post by cubby on Mar 7, 2024 10:38:45 GMT
I will when it STOPS RAINING
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Post by Deleted on Mar 7, 2024 10:57:33 GMT
Don’t know what he’s supposed to know about the plight of the workers, doesn’t he live in a very big house in the country?
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Vandelay
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Post by Vandelay on Mar 7, 2024 11:29:38 GMT
Sounds like the biggest losers from the budget are going to be pensioners. Tories must have decided that they need to try and lose the only group that will still actually vote for them.
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Ulythium
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Post by Ulythium on Mar 7, 2024 11:38:45 GMT
Don’t know what he’s supposed to know about the plight of the workers, doesn’t he live in a very big house in the country?
Agreed - the very model of a charmless man.
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geefe
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Post by geefe on Mar 7, 2024 11:54:55 GMT
God, this is a low
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Post by Reviewer on Mar 7, 2024 12:07:41 GMT
Sounds like the biggest losers from the budget are going to be pensioners. Tories must have decided that they need to try and lose the only group that will still actually vote for them. Not really. They’re still getting a pension increase of 8.5% this year, which will be a lot more than most workers pay rises.
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Post by dfunked on Mar 7, 2024 12:15:16 GMT
Don’t know what he’s supposed to know about the plight of the workers, doesn’t he live in a very big house in the country?
Agreed - the very model of a charmless man.
Apparently he's very committed to expanding green spaces... PARKLIFE!
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Vandelay
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Post by Vandelay on Mar 7, 2024 12:17:27 GMT
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Post by Reviewer on Mar 7, 2024 12:28:39 GMT
They won’t be getting as much of an increase as they’d hoped for because of threshold freezes, they’re still getting 8.5% more before that though. Loads of people are hit by the freezes but that seems to be ignored.
Although, as always, the wealthy are the ones least impacted yet the most able to afford any increase.
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Post by technoish on Mar 7, 2024 12:58:41 GMT
Im actually still a little flummoxed that pensioners don't pay NI, or why there is such a thing as NI!!!!
Should definitely abolish it and bring up income tax.
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Tuffty
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Post by Tuffty on Mar 7, 2024 13:04:22 GMT
Even BBC Breakfast hosts are calling it out making car crash interviews out of it.
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cubby
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Post by cubby on Mar 7, 2024 13:18:03 GMT
I love Charlie he doesn't fuck around with politicians, but often fucks around with the other guests, he has real chaos energy.
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X201
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Post by X201 on Mar 7, 2024 13:30:18 GMT
Today on Radio 4 gave him a rough ride too.
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