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Nervous/anxious/scared about the Autumn budget 2024

683 replies

Cartwrightandson · 26/10/2024 19:29

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.

OP posts:
Thread gallery
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PandoraSox · 28/10/2024 19:31

coffeeandteav · 28/10/2024 19:27

Point 2 was the torys woth their green paper for pip using vouchers. You will find labour have delayed this for now but hopefully permanently.

They have said they are not taking the Tory proposals any further, so the vouchers proposal is dead. It was unworkable anyway.

coffeeandteav · 28/10/2024 19:27

Startingagainandagain · 28/10/2024 18:19

I voted Labour and so far I am not impressed.

They have managed to:

  • go for pensioners
  • scare vulnerable, disabled people who now fear they will lose the little money they get from the state
  • fail to keep the bus fare £2 cap (although buses are more likely to be used by the lower paid and are a lifeline for people in rural areas)
  • leave small business with the real possibility of having to make some of their staff redundant, or at least put a freeze on pay rises, if the budget increases their national insurance contribution.

Meanwhile they:

  • are still allowing utility companies to fleece us
  • have failed to announce any measure to make big corporate companies and wealthy individuals pay their fair share of tax
  • have failed to look at reforming MPs' expenses so that they are not getting all their bills and housing subsidised by the taxpayer while the average worker struggles
  • are watering down their long awaited reform to workers' right
  • agreed public sector pay rises that we can't even afford.

Basically I did not vote to get the Tories 2.0 in power.

Blaming the Tories for everything is also getting really old as an excuse.

If Labour wanted to do what's best for the country they would also accept that we can't afford to prop up foreign aid and the war in Ukraine endlessly while we have people in this country who don't have money to eat proper meals and keep warm.

Do better Starmer.

Edited

Point 2 was the torys woth their green paper for pip using vouchers. You will find labour have delayed this for now but hopefully permanently.

JohnTheRevelator · 28/10/2024 19:23

PandoraSox · 28/10/2024 18:59

John, I want to reassure you a little. Labour is not going ahead with the PIP reforms that the Tories proposed and they have said they will announce their own welfare reforms in due course. So nothing immediate for PIP. But of course it is still a worry what might happen further down the road. Not sure about ESA.

ETA: Labour has released this today re:ESA. It is a bit woolly, but seems no immediate plans to cut it or force people into work if they are unable to:

https://www.gov.uk/government/news/chancellor-we-will-build-a-britain-where-those-who-can-work-will-work

Edited

Thanks for the reassurance,much appreciated.

Tiredalwaystired · 28/10/2024 19:21

Singinginthespring · 28/10/2024 18:39

Public sector pay rises cost 3 x what the entire asylum and immigration bill is. I mean the immigration bill is not ideal, but it’s not what’s crippling the country.

Public sector staff also pay tax.

So a proportion of the money will boomerang right back into the coffers.

Tiredalwaystired · 28/10/2024 19:18

lifeturnsonadime · 28/10/2024 16:42

How exactly does trans inclusive language help foreign and / or disabled users of NHS services?

You know I'm not talking about removing equality for non english speaking patients.

I'm talking about rainbow zebra crossings and pronoun badges and Nurses being forced into a store cupboard. because their employer is too scared to tell a man he shouldn't be in there.

But trans is a teeny part of equality diversity and inclusion. And you’re suggesting reducing the whole shebang.

And if you think that means removing the trans community from equality , diversity and inclusion then you really don’t understand the role.

StarDolphins · 28/10/2024 19:01

Smoothopera · 28/10/2024 18:50

Have you given them a chance ? How long do you give them ?

I don’t expect (or hope for) instant results. I do want a plan of what they’re going to do about the really dire & important issues facing us.

Announcing new measures for football clubs or giving the indie film sector a boost is trying to decorate when the house is falling down.

I want to know when empty beds will be opened at hospices, not that he’s clamping down on expensive car insurance.

Livelovebehappy · 28/10/2024 18:59

StarDolphins · 28/10/2024 18:46

You were also a noisy and at times rude ‘14 years of tories/tory bot’ Labour supporter. Makes you no more superior.

We are all entitled to our opinions. If mine aren’t the same as yours, that’s ok👍

Edited

But it’s not okay. The poster is a Labour supporter, so it’s not okay for anyone to have a different opinion to them didn’t you know? If you do you’re likely to get ‘sucker punched in the face’.

PandoraSox · 28/10/2024 18:59

JohnTheRevelator · 28/10/2024 18:54

As a disabled person who relies on ESA and PIP for my income,I am seriously worried that I will get clobbered. Either in the form of benefit cuts,or being told that I can no longer claim ESA and must find a job,the thought of which terrifies me as I am really in no fit state to work,or even look for work. And even if I did look for work,no employer is going to want to employ me with my multiple health problems. Governments, whether they be Conservative or Labour,have form for going after the most vulnerable members of society,and Labour have already demonstrated that they are prepared to make unpopular choices by withdrawing the winter fuel allowance for pensioners.

John, I want to reassure you a little. Labour is not going ahead with the PIP reforms that the Tories proposed and they have said they will announce their own welfare reforms in due course. So nothing immediate for PIP. But of course it is still a worry what might happen further down the road. Not sure about ESA.

ETA: Labour has released this today re:ESA. It is a bit woolly, but seems no immediate plans to cut it or force people into work if they are unable to:

https://www.gov.uk/government/news/chancellor-we-will-build-a-britain-where-those-who-can-work-will-work

Judellie · 28/10/2024 18:59

Were there always these constant threads about the Tory budgets?
The Tories were in too long really and abour do have a mess to clean up but all governments do good and bad things, some suit some of us sometimes and some don't.
It just seems people have it in for labour before they start and these budget speculation threads weren't around when the conservatives were in. Were they?

Hypermedi · 28/10/2024 18:56

Cartwrightandson · 26/10/2024 19:45

From what I've heard, social housing rents might be means tested and households with higher income might pay more. I could be wrong, 🤔 😔

Good ! I hope this part goes ahead.

ScreamNow · 28/10/2024 18:55

@BIossomtoes I didn’t mention huge numbers. There are sources available if someone is genuinely interested in finding this information; it just takes a bit of effort to look.
Couple examples
www.newstalk.com/news/85-of-asylum-seekers-arrive-at-dublin-airport-without-identity-documents-1646914

www.migrationwatchuk.org/news/2022/02/24/98-of-channel-boat-migrants-have-no-passport

JohnTheRevelator · 28/10/2024 18:54

As a disabled person who relies on ESA and PIP for my income,I am seriously worried that I will get clobbered. Either in the form of benefit cuts,or being told that I can no longer claim ESA and must find a job,the thought of which terrifies me as I am really in no fit state to work,or even look for work. And even if I did look for work,no employer is going to want to employ me with my multiple health problems. Governments, whether they be Conservative or Labour,have form for going after the most vulnerable members of society,and Labour have already demonstrated that they are prepared to make unpopular choices by withdrawing the winter fuel allowance for pensioners.

EasternStandard · 28/10/2024 18:52

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Oh it's you. The one who gets my nationality wrong and brings it up on threads as an attempt at an attack.

I'm not an 'immigrant myself' and you have got my place of birth wrong tsk tsk. Bad job at following an mner there (so closely at that).

Singinginthespring · 28/10/2024 18:50

PandoraSox · 28/10/2024 18:44

Where has it been suggested NI will be applied to pensions?

NI ought to be applied to pensions. NI is just another form of income tax, just one that pensioners get to duck.

I’m not scared about the budget.

Employers NIC rise will mean my employer will have less money for pay rises, there might be more tax on my pension savings, but as it’s a private sector pension contributions it’s not much money anyway. We don’t have massive savings.

Perhaps a rise in motoring charges but we ought to be using our car less anyway.

Upping council tax would hit us, and they ought to increase this, but they don’t have the guts. So yeh, not scared.

I think Rishi Sunak might have a big tax rise if they increase dividend tax and CGT, but that’s no bad thing.

BIossomtoes · 28/10/2024 18:50

ScreamNow · 28/10/2024 18:48

@BIossomtoes

I agree that family ties matter, but with so many people arriving almost daily, it’s simply not feasible to think that every single one has those connections. This raises serious questions about why some are discarding their documents or skipping over safe countries

What proof is there that huge numbers are discarding their documents?

Smoothopera · 28/10/2024 18:50

StarDolphins · 28/10/2024 18:46

You were also a noisy and at times rude ‘14 years of tories/tory bot’ Labour supporter. Makes you no more superior.

We are all entitled to our opinions. If mine aren’t the same as yours, that’s ok👍

Edited

Have you given them a chance ? How long do you give them ?

Smoothopera · 28/10/2024 18:48

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

ScreamNow · 28/10/2024 18:48

@BIossomtoes

I agree that family ties matter, but with so many people arriving almost daily, it’s simply not feasible to think that every single one has those connections. This raises serious questions about why some are discarding their documents or skipping over safe countries

StarDolphins · 28/10/2024 18:46

Smoothopera · 28/10/2024 18:38

You were a noisy Tory supporter on the pre election threads. Of course you have your doubts. How would you know what their plans were if you read no further than the daily mail ?

You were also a noisy and at times rude ‘14 years of tories/tory bot’ Labour supporter. Makes you no more superior.

We are all entitled to our opinions. If mine aren’t the same as yours, that’s ok👍

Smoothopera · 28/10/2024 18:46

GhosterPoster · 28/10/2024 18:42

True socialists weren’t happy with ‘fully funded, fully costed’ to start with, so this is all music to their ears

Socialist ? They’re means testing benefits for OAPs. Hardly socialists.
Make your mind up. 70s socialists or Tory mark 2 which is it ? Can’t be both.

EasternStandard · 28/10/2024 18:45

GhosterPoster · 28/10/2024 18:42

True socialists weren’t happy with ‘fully funded, fully costed’ to start with, so this is all music to their ears

I get why some people would be happy others have to pay more after the lie, but I assume they are on the receiver rather than payer end

PandoraSox · 28/10/2024 18:44

Xenia · 28/10/2024 18:09

I didn't support the last Tories very very high taxes on those of us on over £80k (the top 10% - we have the highest tax burden in 70 years. I don't think Labour are going to help either. Tax tax tax. Those other 90% have had tax or NI cuts since 2010. I don't think the budget is going to be good news for many people and women who employ child care will be hit hard if employer NI goes up and if it is imposed on pensions too.

Where has it been suggested NI will be applied to pensions?

EasternStandard · 28/10/2024 18:44

Smoothopera · 28/10/2024 18:41

The irony.

Right, doing well there.

I mean you posted about loyalty and seemingly unaware of this

Erm… yes. Surely this isn’t news to you? High earners are wanted everywhere.

GhosterPoster · 28/10/2024 18:42

EasternStandard · 28/10/2024 18:40

Ah yes that fits. A pre GE lie but it's ok, are you getting pay rises or tax rises?

True socialists weren’t happy with ‘fully funded, fully costed’ to start with, so this is all music to their ears

StarDolphins · 28/10/2024 18:41

Itsmyopinion · 28/10/2024 18:20

What are labour doing about illegal immigration - this is costing the tax payer millions per day. For me this is why the country is on its knee’s. I’m sorry but unless this government get a grip on this then no amount of increase in tax will make this country better.

Seemingly, nothing.

Although they’ve introduced a task force to tackle the high cost of car insurance.

Smashin’ it Keir.

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