Another budget one. Sorry.

You do realise that your local cafe, butchers, bakers, electrician, plumber, accountant, nursery, garden centre, and restaurant are all businesses, right?

They do not get bonuses or have shareholders other than themselves.

These are the squeezed ones, this image of any one who owns a business drives a Ferrarri and live in the south of France is very confusing.

When your breakfast at the local cafe goes up by 10%, or the quote for your new bathroom is 10% higher, then maybe you will understand that we are all impacted by putting the burden on business.

No, we're 'well to do' but will now not be sending DD private as a result of VAT.

We will instead be taking up a place at the excellent local grammar, thus displacing a less affluent (privately prep-schooled and 11+ dead cert) child that would otherwise have had that place.

DD, together with most of her year group, is working several years ahead of the state primaries so has a huge advantage at 11+ over all state educated children.

People like DD were always destined for the independent sector, so this admittedly unfair situation would have had no impact on the state sector. Until the new VAT policy that is.

I think there is going to be a major negative impact on care homes.

They have a lot of staff on NMW (or living wage) so will see a big rise in their wages bill, plus substantial employers NIC increases. LAs won't be able to afford to increase how much they are able to pay, and increased fees will price out self-funders (some will opt to pay for care at home, until the money starts to run out and they turn to the LA)

And you can't fix the NHS is social care is in crisis.

Which it will be, if care homes become unviable as businesses and some close.

Perhaps businesses could cut bosses bonuses and shareholder dividends rather than jobs and wages?

God they've had it good for a long time haven't they?

"When you're accustomed to privilege, equality feels like oppression”

Baffled by anyone who thinks they won’t be affected by this budget. You don’t need to be an economist to work out that businesses will of course pass on the increased costs, via price rises and reductions in pay rises or employee numbers. Big businesses because they simply can and will maintain profits to please shareholders, smaller businesses because they simply do not have the overhead capacity or profit margins to pay the increases. So we will all pay more for pretty much everything.
Very worrying for the farmers. We already import so much of our food, this seems like a massive mistake.
This budget will drive up inflation and therefore interest rates so anyone with a mortgage is potentially affected. And if you rent privately this will affect you too.
I honestly cannot see how this is a budget for growth but I will be very happy to be proved wrong.

Paying our way for education and the NHS is not helping those 'doing the bare minimum and never lifting a finger to improve their lot'.

It's paying our share into society so we can all benefit from educated children and healthcare when we need it.

There are a lot of middle/low income people willing to do this - not everyone who pays in has a big house and an money orchard.

Do you work for an employer?

Everyone who shops in a supermarket will be affected, suppliers have to increase their wages as NMW goes up, they then pass the increase onto the retailer who then increases retail prices to keep their profit/margins the same.

No, not touchy. Tired of insults and accusations of being a liar because you and self-interested others like you just don’t agree.
We all live in a society. A society that has been slowly dismantled for 14 years. It’s time for those who can afford to pay a little bit more - despite their protestations that they can’t - to take their hit after having had it comparatively easy for quite some time.

Do you not see that’s only fair?

Ahhh, the old 'politics of envy' jibe.
Only 5 minutes ago people were moaning that Keir Starmer was a millionaire.
Now they're saying that millionaire Keir Starmer is taxing millionaires because he's jealous of millionaires.

The horse tax fantasy was possibly the fanciest stealth boast I've ever seen on MN.

(There was no money left remember?)

Except there was. That was actually a very ill timed joke between two friends that was blown out of all proportion. (Liam Byrne's biggest regret in fact).

It is never as simple as Labour good Conservatives bad

I completely agree, and didn't ever propose that it was as simple as that. I merely pointed out about Brexshit, the Trussterfuck and 14 years of mismanagement. It is no wonder Sunak wanted to run away, screaming, with his fingers in his ears. It is a dire situation for any party to try and rectify.

I think the state of politics in this country is dire. If you read Rory Stewart's book (or listen to the audio book that he narrates), it will make you absolutely shudder. I have said repeatedly that the choice between Labour and Conservative is very much like choosing between syphilis or gonorrhoea.

One fun fact though, historically, the Conservative party have borrowed more and repaid less than Labour.

Can some post link to the farmers budget thread ? I accidentally hid it instead of watching it and now I can’t find it.
Thanks.

Oh!

Touchy!

@Autumnismyfavouritetimeofyear Ah, yes! Obviously, anyone living in a big house just stumbled across a magical money orchard, ripe for the picking. Meanwhile, they've got the stamina of giants, ready to shoulder everyone perfectly content with doing the bare minimum and never lifting a finger to improve their lot. Who needs ambition when you can just lean back and let others do all the heavy lifting, right?

Has anyone else noticed that stamp duty is going up from 1 April for buyers of non-second homes (i.e. normal home buyers). Someone buying a house for £250k+ will pay an extra £2500 in stamp duty.

Currently the first £250k is exempt. From 1 April only first £125k is exempt.

Brananan · Today 11:27
**
All you have to do to predict what will happen next is think of a sector of society that people are jealous of. Big house? OK, let's whack up council tax.
I've got a horse and I expect they'll bring in a hoof tax soon, can't have people riding around on horses when people need their benefits!

So much self-interest on this thread.
What’s wrong with paying a bit more?

Doing a rough calculation someone on nmw in a ft job will be £30 a week better off before tax but they'll work fewer hours before hitting the 12570 threshold

Come on BBC we.pay s huge TV licence why hasn't Laura been on yet asking Rachel what exactly she was talking about yesterday when it was suggested right to buy being stopped

Wow - a thoughtful and well balanced post! Should go into the MN archives, doesnt happen often!

All you have to do to predict what will happen next is think of a sector of society that people are jealous of. Big house? OK, let's whack up council tax.

I've got a horse and I expect they'll bring in a hoof tax soon, can't have people riding around on horses when people need their benefits!

Lots of people who are well off bleating. Because their tory mates arent around to give them constant breaks any more. The money has to come from somewhere.

It's nice we will be getting a payrise as I work in a school but the council tax is going to have to go up to pay for our pay rises. Inflation will go up businesses have to pass on costs to customers to pay their higher wages so no we are not going to be better off.

I'm negatively impacted. Which I'm fine with, because of them trying to balacnce the books. However Family Farmers are potentially hit very hard. I;m dissappointed in that as there was no advice to farmers about how to restrict that impact.

I agree to a lot of things in this budget. I am retired and we were hoping to leave some of our pension to our children but really this was a fair cop! However, I do wish they hadn’t taken it all from NI. The cost to businesses is terrible and it seems we are not going to grow the economy after all.

The impact on small businesses is huge, and they are the engine house of the economy. The impact on the private care market will also be huge, which will impact council care budgets and the NHS.

Expect prices to rise, along with unemployment. We will ALL be impacted.