Nervous/anxious/scared about the Autumn budget 2024

I would suggest not harming private sector growth, as much as it feels like public sector is immune with pay rises atm it can't last if policy hampers growth

This makes it sounds like 2011 was awful and we have recovered. I would love our schools to be like in 2011 (and I thought it wasn’t the best then). Public sector workers will agree that austerity has harmed us - not just us personally, but what we see every day.

The repeated press conferences and statements about harsh light of fiscal reality and pain, weeks ago for that one, won't be helping. Why would people think pain is good? Although it probably is sector dependent so some will feel safer from that.

For your example the private sector had just been through massive redundancies over the couple of years before. Contraction and job losses.

If you hit the private sector it filters through to public as you saw then.

Someone above saying her parents couldn't buy a council house so nothings changed working class workers or not all that clever people . won't be able to buy their homes under labour now will they Personally id have loved not being stuck for life on the minimum wage not everyone's that lucky

Politicians can play it so when discussion pre GE was they will raise taxes people responded they haven't said that and using lines about 'working people' but generally obfuscation.

But it's also easy to see that the many of the public won't receive it well when they are hit and many people will say that was a lie.

And which sector people are in will make a difference. Obviously Labour are in now so happier to take the big hit on polling now rather than pre GE.

Why can’t we wait to see what the budget brings? I don’t remember this anger back in 2011 when public sector pay was frozen. I just accepted it … same as when my pension was changed. Public services waited almost a decade before getting angry, not 100 days.

I know that we don't know any details. We have read or heard bits that might be incorrect or just plain wrong. I also know we won't know anything until Wednesday when Rachel Reeves publishes/announces the contents of the budget...

But what we do know...it's the first labour budget for over 14 years, we've had a conservative government, austerity, brexit, covid and cost of living/interest rate increase meaning our economy is not in a good place.

Our services/infrastructure haven't had much needed investment for a long time.
Councils are practically bankrupt, some already are. Schools, housing, NHS, social care and economy are all struggling..to remedy this requires money and this will need to come from higher taxes.

There's a 19 billion pound black hole and Labour have already removed the winter fuel allowance, showing they are willing do things that are unpopular or possibly controversial..the Labour manifesto said it wouldn't increase taxes, but now they are saying they have to.

They've already allocated money for Ukraine, teachers, train drivers, junior doctors, NHS staff ect

Keir said people who don't 'work' for their income (shares/savings/landlord income) aren't classed as working people and will be taxed..

Basically this budget is going to need to raise taxes to pay for investment in services. That much we do know. But where the cuts and the tax increase will be is unknown. I don't think anyone will be 'better off'...

Possibilities.. (note these are not absolute, I could be very wrong)

Inheritance tax changes
Fuel duty increase
Income tax increase
Social housing rent increase
Benefit cuts
No free universal prescription for over 60s
Change to tax free allowance
Removal of help to buy, right to buy and alterations to stamp duty
Pension age to increase
State pension to decrease?
Tuition fees to increase
Tax free pension allowance to be reduced
Isa/bond/shares/investments taxed

Who really knows...but I think the labour comms are possibly leaking information so that we are being drip fed so when the budget does happen we already know and are braced/prepared for it.

Or what is being leaked about the budget is really bad but when the budget happens we are relieved it wasn't as bad the leaks hinted at. But it is still painful but we are more accepting because it's not as bad as it could have been...if that makes sense.

Why can’t we wait to see what the budget brings? I don’t remember this anger back in 2011 when public sector pay was frozen. I just accepted it … same as when my pension was changed. Public services waited almost a decade before getting angry, not 100 days.

They promised a government focused on growth. Now SME's have the employment rights bill, a reported rise of NMW of at least 6%, and a rise of employer NI of 2%.
It's devastating for small businesses. There have already been changes in behaviour re spending and hiring because there was such a huge gap between the election and the budget which was filled with doom and gloom, warnings and negativity.

I'm depressed at the thought of Angela Raynor buying her council home but destroying my dream of one day owning mine it's been something I thought might be possible and now looks impossible with the changes they expect in the budget

Current polling will also reflect the switch from pre GE 'fully funded, fully costed' to 'pain' and 'harsh light of fiscal reality' doom

Generally public sentiment has reacted to that initial lie so it's not surprising many are pissed off with them

As I recall (and I may obviously have missed something) the push back was on taxes affecting lower income levels. I don’t think there’s a lie. Obviously if things change in the budget I’ll admit I was wrong. I’m. Labour supporter and ex member, but I don’t agree with everything they do. I’m just prepared to wait until Ihave facts.

I posted they would, I still had plenty of pro Labour backlash that it wouldn't be the case 🤷‍♀️

Some were adamant it would come from scrapping schemes and management

Obviously the lie from Labour was a better way to win, but that's why you now have tanking ratings.

Tuition fees are not on track to increase, I work in the sector and the message is 'not a chance'. Which is good because the amount of money spunked up the wall by Universities needs to change.

Also, it's labour, they won't increase social housing rent.

There might be a lot of taxing going on though is my uneducated guess.

Well, I understood they would be raising some taxes to fund improvements, so I’m not sure why you didn’t. 🤷‍♀️

You must be thinking of another poster. You'll not find that post.

It was pretty obvious for some time pre GE who was going to win

You said that before the diction too, I think - that outside Mumsnet people weren’t going to vote tactically to get Tories out. And yet…

But they did talk about tax rises. Isn’t that what all the frothing is about?

It's the reality of polling and sentiment. The gap between these threads and that is bizarre at times.