Nervous/anxious/scared about the Autumn budget 2024

The NFU represent the massive conglomerates disproportionately. I’ll take the official figures myself.

I can't think of a single group, when asked to pay more tax, that wouldn't rally or protest.

As night follows day, the week after any budget is full of the people being asked to pay more bitching about being asked to pay more, explaining why they shouldn't have to and why it's unfair, and the opposition seizing their moment of course. This time business is being hit so there'll be big money thrown at fighting it I suppose.

I don't think that's right, the Gov believe it will affect 25% of Farms but the NFU think the figure is closer to 50%.

I'm sure the unaffected on here will say I'm fine, it's someone else impacted but there will be a rally. Maybe they'll stick up for each other regardless.

The National Farmers Union is to hold a major Westminster rally next month after Rachel Reeves revoked farmland's exemption from inheritance tax (IHT).

And the Country Land and Business Association said the move, from April 2026, would hit 70,000 farms – calling it 'nothing short of a betrayal' which would 'jeopardise the future of rural businesses'.

Farms have 10 years to pay IHT. And 85% won’t be affected anyway.

It looks like farmers are going to protest so obviously it's not just here on mn, they are actually concerned

VAT is obviously a bigger hit in one year, surely you can see that if someone increases your mortgage or rent over time it's different to 20% in one go.

But really I think it's madness to go for small businesses, they are a major part of the economy and what Labour need is growth.

That’s not the threshold for first time buyers.

It’s much higher for first time buyers.

How about properly punishing feckless parents who fail to take financial responsibility for their offspring.

That would be a start.

Pp has a point, if we stopped subsidising children born into poverty or older people with no pension then they wouldn’t survive as long draining the NHS.

Perhaps the able bodied could engage in some sort of feudal servitude for those ~lucky~ clever enough to have ~inherited~ bought large properties

The NHS Confederation has issued a media response to the budget and appears supportive.

The treasury has said it has set aside funding to protect the public sector - including NHS - from the NI increase. It is not clear whether this includes GP practices.

The money has to be raised though doesn't it?

Or are we all delighted with how things are, how the tories have governed for 14 years?

Yes, business will shoulder the biggest burden.

Yes, some of that will be felt by us as employees and as consumers. It is inevitable if we want to end austerity and try something different because it didn't work.

I didn't see many on mn worried about farmers over the past 14 years when the BPS was cut, impact of Brexit, 15000 hectares lost to development.

I didn't see any legal action against private schools who have consistently increased fees by more than inflation, but apparently the VAT will be crippling to parents and schools will close.

Wait for the NHS plan which follows the review and the allocation of funds.

Out of curiosity, how much extra is the nhs going to habe to pay out in the national insurance increase, the min wage increase, assume auxiliary staff on that type of wage, and doctor and nurse increases. How much of the money now allocated will just pay for all of that.

We don’t live in an entirely market led society either. There aren’t too many around for you to choose, though, for fairly obvious reasons.

Edit: there aren’t that many socialist or communist ones either, in fairness. Lots of democratic socialist and mixed-but-leaning-towards-socially-driven ones.

We don’t live in a socialist or comunist society if you wish this, there is plenty of places you can live?

Well at least you're honest about your colossal selfishness and greed.
God forbid the undeserving povs get any help, you need a new Merc.
No such thing as society, I'm all right Jack.

Yep and the OBR have backed this up, I expect employees count as 'working people'

And good for them if they can!

Honestly, the inverse snobbery on this thread is wild!

It's fine to be opposed to those things IF the state offering is good enough. It isn't.

This budget is about penalising those who have the audacity to aim a bit higher.

Private school parents - to pay more VAT.
Small businesses - to pay more NI.
First time buyers - to pay SD from 125k

That's just for starters. Exactly how is any of this 'progress'?

Exactly. Surely no sane person can think this is a good idea...

Exactly. It should be so obvious to people that giving the employer additional costs will just swallow up any potential payrise they're able to give to their employees. So the employees will effectively be paying this hike themselves.

It’s odd, isn’t it, especially when you best in mind the constant reminders they more affordable housing is needed.

The stamp duty change is the big one. Switching it to being a requirement at £125,000 rather than £249,000 will put the kibosh on so many people being able to get on the property ladder, when it's hard enough already. Such a bad move.