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Post by Bill in the rain on Oct 30, 2024 1:45:58 GMT
I don't think it's really fair to individually target these people. I doubt Yasmin contacted the BBC wanting to air her worries about CGT. More likely the BBC found a bunch of individuals from different backgrounds and asked them what they were worried about related to the budget. In that situation you try and come up with something, and.. oh.. CGT maybe? Or I guess you could go "Er.. nothing really", but then that's not going to make it into the article. And the lady on benefits might be really grateful for the benefits, but the article isn't about that so they probably didn't ask about it. The worries of a single mother with 2 kids working minimum wage and having to pay rent and childcare are probably going to be much more extreme worries than those of a single mother with 2 kids getting 150k and having to pay rent and childcare, but the article doesn't really frame them as such. Anyway, I agree I agree with knighty et al that it'd be nice to frame some of this in terms of the benefits public services could bring. For the lady on benefits with the scary-sounding dislocating joints, I'd have thought better faster access to NHS treatment would be more important than losing a few pounds in benefits. For almost all of them, it sounds like some actual decent public childcare service would outweigh almost anything else that might happen. Maybe the government needs to send out some nice clear info on what taxes get spent on. "Last year, you paid XXX in tax, of that, XX went to support hospitals, XX went to schools, XX went to police and X went to repair roads" [Insert Pie Chart here] |
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X201
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Post by X201 on Oct 30, 2024 6:20:59 GMT
Maybe the government needs to send out some nice clear info on what taxes get spent on. "Last year, you paid XXX in tax, of that, XX went to support hospitals, XX went to schools, XX went to police and X went to repair roads" [Insert Pie Chart here] Good god no. I support the idea, but the U.K. public are far too disinterested in politics to bother to understand it. They STILL think that Road Tax is a thing and that it is ring fenced for repairing the roads - something it hasnāt been since 1937. And to quote Sir Humphrey āThe Treasury doesnāt try to raise what it needs, it tries to get as much as it can and then decide what to spend it onā. |
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Post by peekconfusion on Oct 30, 2024 6:23:24 GMT
They did that exact thing for a few years no? I remember getting a breakdown in a letter from HMRC - the P60 maybe.
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Post by mothercruncher on Oct 30, 2024 6:33:27 GMT
Maybe the government needs to send out some nice clear info on what taxes get spent on. "Last year, you paid XXX in tax, of that, XX went to support hospitals, XX went to schools, XX went to police and X went to repair roads" [Insert Pie Chart here] Good god no. I support the idea, but the U.K. public are far too disinterested in politics to bother to understand it. They STILL think that Road Tax is a thing and that it is ring fenced for repairing the roads - something it hasnāt been since 1937. And to quote Sir Humphrey āThe Treasury doesnāt try to raise what it needs, it tries to get as much as it can and then decide what to spend it onā. Literally had someone yell this at me this past Sunday āFind somewhere else to ride the bike until you pay fackin road taxā. The unthinking masses just shovel up concepts fed to them by manipulative media twats. I donāt think putting that info out there is bad at all, I just donāt think itād reach the minds it actually needed to change. |
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Frog
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Post by Frog on Oct 30, 2024 6:50:05 GMT
I hope you went out and bought yourself a new lycra onesie to make yourself feel better š
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Post by Bill in the rain on Oct 30, 2024 7:08:45 GMT
Apparently the breakdown on what your tax is spent on is still available on your government tax page, they just don't mail it out anymore. I bet no-one looks though.
According to some random online calculator I found, the breakdown for an average pre-tax salary of 36k would be:
Total: Ā£6,559.28
Pensions Ā£1,363.02
Healthcare Ā£1,582.10
Education Ā£413.89
Defence Ā£459.81
Welfare Ā£662.49
Protection Ā£183.66
Transport Ā£262.37
General Government Ā£202.68
Other Spending Ā£760.88
Interest Paid Ā£666.16
Mince Pies Ā£437.84
Extra Borrowed Against You. Ā£0.00
so you're all spending on average Ā£262pa to cover mothercruncher avoiding paying road tax since 1937!
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Post by knighty on Oct 30, 2024 7:25:52 GMT
ā¦.mince pies?
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Post by Bill in the rain on Oct 30, 2024 7:29:17 GMT
That one *is* suspiciously low...
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Post by rockavitch on Oct 30, 2024 8:03:21 GMT
Logged in to HMRC out of curiosity and yeah the breakdown is there and easy to find if people really cared. Here's my percentage breakdowns. No, I still don't know how to add a pic because I never remember. That was for last year 22/23. imgur.com/gallery/gr8-MxY4thL |
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Post by Bill in the rain on Oct 30, 2024 8:05:32 GMT
In order to make things more relatable, I've priced them in multiples of Netflix
Total: 50 netflixes
Pensions: 10 netflixes
Healthcare: 12 netflixes
Education: 3 netflixes
Defence: 3.5 netflixes
Welfare: 5 netflixes
Protection: 1.4 netflixes
Transport: 2 netflixes
General Government: 1.5 netflixes
Other Spending: 5.8 netflixes
Interest Paid: 5 netflixes
Mince Pies: 3.3 netflixes
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Post by ForkHandles on Oct 30, 2024 8:32:48 GMT
In order to make things more relatable, I've priced them in multiples of Netflix Total: 50 netflixes Pensions: 10 netflixes Healthcare: 12 netflixes Education: 3 netflixes Defence: 3.5 netflixes Welfare: 5 netflixes Protection: 1.4 netflixes Transport: 2 netflixes General Government: 1.5 netflixes Other Spending: 5.8 netflixes Interest Paid: 5 netflixes Mince Pies: 3.3 netflixes Interesting, but how many Olympic swimming pools is that? |
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X201
Full Member
Posts: 5,126
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Post by X201 on Oct 30, 2024 10:25:22 GMT
In order to make things more relatable, I've priced them in multiples of Netflix Total: 50 netflixes Pensions: 10 netflixes Healthcare: 12 netflixes Education: 3 netflixes Defence: 3.5 netflixes Welfare: 5 netflixes Protection: 1.4 netflixes Transport: 2 netflixes General Government: 1.5 netflixes Other Spending: 5.8 netflixes Interest Paid: 5 netflixes Mince Pies: 3.3 netflixes Interesting, but how many Olympic swimming pools is that? One the size of Wales |
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dam
New Member
Posts: 628
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Post by dam on Oct 30, 2024 11:18:24 GMT
Logged in to HMRC out of curiosity and yeah the breakdown is there and easy to find if people really cared. Here's my percentage breakdowns. No, I still don't know how to add a pic because I never remember. That was for last year 22/23. imgur.com/gallery/gr8-MxY4thL I think it's disgusting that you can post this and be so brazen about evading (or is it avoiding?) your Mince Pie contributions. As a small business owner who pays myself largely by dividends and puts a large wodge into my pension every year, I fully expect to get stuffed today, which is quite right, I've been calling for it for years. I've not paid NI on my income for years. I think we've paid a total of Ā£500 business rates in the last 20 years too, that needs sorted (it's devolved). CGT might be tricky when I come to sell our businesses (probably to employees), but I'm sure tax advisers and accountants will be working on that when details are announced... I'd definitely do something to IHT too. Lower rate, but lower threshold. And bring pensions into it. |
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Post by rockavitch on Oct 30, 2024 11:54:08 GMT
Wouldn't eat a mince pie even if paid, so I think that makes me tax exempt in some way.
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Post by Bill in the rain on Oct 30, 2024 13:26:14 GMT
Wouldn't eat a mince pie even if paid, so I think that makes me tax exempt in some way.  |
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Rich
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Posts: 1,988 
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Post by Rich on Oct 30, 2024 14:16:24 GMT
Had to turn the budget off. It sounded quite good but Sunak's response has just made me despise him even more. Such a disingenuous gaslighting cunt. And it's so frustrating to know that his shouty lies will probably get more airtime (or at least equal amounts) as the details that people need to hear.
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Post by Mr Wonderstuff on Oct 30, 2024 14:21:22 GMT
He's just bitter.
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Rich
Junior Member
Posts: 1,988
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Post by Rich on Oct 30, 2024 14:23:46 GMT
That's understand I guess. The private jet tax increase is going to hit hard.
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X201
Full Member
Posts: 5,126
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Post by X201 on Oct 30, 2024 14:23:52 GMT
Had to turn the budget off. It sounded quite good but Sunak's response has just made me despise him even more. Such a disingenuous gaslighting cunt. And it's so frustrating to know that his shouty lies will probably get more airtime (or at least equal amounts) as the details that people need to hear. You can put it back on now, he's gone and the studio debate has started. |
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robthehermit
Junior Member
Subjectively amusing
Posts: 2,464
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Post by robthehermit on Oct 30, 2024 14:30:57 GMT
So, post budget catch up at work and 2.5% of our employees are not going to be feeling better off come April. Gotta pay that NI somehow, so thank you - soon to be selected employees for helping us through this difficult time.
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Ulythium
Full Member
Lily-livered
Posts: 7,116
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Post by Ulythium on Oct 30, 2024 14:33:41 GMT
Seeing Sunak's spiteful, bitter face and aggressive body language - with the sound on the TV turned off - made me loathe him even more, too.
The nodding, braying sycophants on either side of him (Jeremy Cunt included) were almost as bad.
Just pass the torch to the next amoral shithead and fuck off to Malibu, you disingenuous twat.
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Post by CHPxtreme on Oct 30, 2024 14:36:30 GMT
Had to turn the budget off. It sounded quite good but Sunak's response has just made me despise him even more. Such a disingenuous gaslighting cunt. And it's so frustrating to know that his shouty lies will probably get more airtime (or at least equal amounts) as the details that people need to hear. Same as that. I've struggled to the end of his bit and it didn't get any better.
Easy to be shouty without responsibility. Shame he wasn't as passionate about things when he was in charge. Or maybe just as well. An effective Rishi Sunak in charge of things would have been something to behold/fear. Perhaps he was genuinely stung by the implication that he was incompetent while in office.
The key philosophical difference between Sunak and Reeves I think is: when you borrow, is it considered a debt or an investment. Depends on what you do with it for me. But it's easy to argue when it suits that all borrowing is a permanent burden on the state ā a debt that will eventually need to be repaid from elsewhere.
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Post by Duffking on Oct 30, 2024 14:37:49 GMT
It's hard to hear Sunak talk about it when you know that what he's really thinking, but can't say, is that it didn't include enough stuff to kill off the poors.
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X201
Full Member
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Post by X201 on Oct 30, 2024 14:43:02 GMT
I can recognise all the words in this OBR news conference. But they mean absolutely nothing to me. May as well do it in French or Swahili.
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Post by Dougs on Oct 30, 2024 15:23:26 GMT
Given what was trailed, broadly seems OK - question will be if there's an impact on the market caused by the Employers NI rise.
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Vortex
Full Member
Harvey Weinstein's Tattered Penis
is apparently a mangina.
Posts: 5,406
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Post by Vortex on Oct 30, 2024 15:36:37 GMT
At a first skim through, it seemed all right to me. Nothing particularly nasty, although I guess a lot of businesses will be feeling the NI hike which makes up most of the raised tax haul.
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Post by imamazed on Oct 30, 2024 15:38:18 GMT
Sigh, I wish a government would have the balls to abolish the fuel duty freeze.
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Post by Duffking on Oct 30, 2024 15:45:17 GMT
Tory papers and BBC were putting in overtime with the doom and gloom. Makes you wonder why they bothered if it's not going to actually be that bad. Maybe I'm overly optimistic, but I think most people will notice that they've been fed utter bollocks for the last week.
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JonFE
Junior Member
Uncomfortably numb...
Posts: 1,956
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Post by JonFE on Oct 30, 2024 15:45:37 GMT
In order to make things more relatable, I've priced them in multiples of Netflix Total: 50 netflixes Pensions: 10 netflixes Healthcare: 12 netflixes Education: 3 netflixes Defence: 3.5 netflixes Welfare: 5 netflixes Protection: 1.4 netflixes Transport: 2 netflixes General Government: 1.5 netflixes Other Spending: 5.8 netflixes Interest Paid: 5 netflixes Mince Pies: 3.3 netflixes Is that the (in)famously backwards imperial metric system?  |
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Post by Whizzo on Oct 30, 2024 15:53:55 GMT
Sigh, I wish a government would have the balls to abolish the fuel duty freeze. Just think of the extra VAT they would raise as it's double taxed. |
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