Am I the only one that thinks that the budget is good?!

Labour are not going to be in power for a generation after this PM/government

It's even worse than this - people who understand nothing about the economy getting elected as MPs. And then approve policies which kill said economy and drive both investments and productive population away

I agree, I think it was as good as it could be. No-one likes paying a bit more tax, but we have to help children in poverty

So you’re okay with children living in poverty?

I'm quite surprised by the amount of people here earning up to and even exceeding £100k per year, and say they can't manage to save so much etc ?

That's Reform policy, not the Labour budget.

Me too, have more kids by all
means, but support them yourself.

we will now go back to people having four/ five kids for the money 🙄

Because I anticipate increasing my income significantly next year

Most people live in a delusional bubble where they think they will never become unwell, and illness is just something that happens to other people. That's why they can't fathom that someone who is disabled might actually need financial assistance.

Given that 50% of people will get cancer in their lifetime (and that's not including the myriad of other chronic diseases), a lot of people are going to get a real shock some day.

And I think the freezing of the rate bands is utterly grotesque as it hits the very poorest in society the hardest, and puts very ordinary wages into the higher tax band.

How utterly ridiculous is it to pay out a state pension then have it fall into being taxed?

I didn't hear them say that. You may confusing the benefits cap which is a different thing although it may limit the number paid for effectively. There doesn't seem to be any link with work for the extra child elements per se.

You can still save in a S&S ISA - there are ETFs you can buy that are pretty low risk and would approximate cash if you are very determined to stay away from equities

Welllll

Im a child of parents who weren’t responsible enough to manage their finances, who actually only survived because of the welfare safety net under Blair/Brown.

Im now a degree educated higher rate tax payer.

So I beg to differ.

Agree the benefits bill will rise due to rising unemployment. Make it more expensive for employers to run businesses and jobs will go.

@isitactuallybadthough The issue is that she's taking money from the middle, rather than the wealthiest, in order to fund some really strange decisions.

Taking money from pensions in order to fund removal of the 2 child benefit cap is absolute insanity.

I think you will be able to judge the success or failure of this budget in 3, 6 and 9 months time.

I’m pleased you’re optimistic about this budget, OP but I don’t feel the same. I think rents will go up, businesses will fold, people will lose their jobs and inflation will continue to rise which means huge COL issues for the ordinary workers. Meanwhile, more people will end up on benefits and the welfare bill will continue to sky rocket.

Come back in 3, 6 and then 9 months and let’s discuss the results of the budget at those points.

Exactly, lots don’t choice long life conditions, cancers, leaving them unable to work.
My mid stage Parkinson’s I can’t prevent at 63, yes I claim and need to

I think the double inflation rise in minimum wage for young people will result in even more youth unemployment, partly due to employers choosing more mature workers if it doesn't cost them much more, and partly because that now makes 25% or thereabouts increase in the space of just over one year, and that will force employers to reduce their workforce if they can't put their prices up.

I think the mileage tax for electric cars is inevitable but I'm concerned how much of the extra tax it's going to be lost administering the scheme and think it might just have been better to raise the road fund licence (even though we are a low mileage household and would lose by that).

You can say many things, but this country desperately needs to increase the birth rate. TBH I'd give parents a much bigger tax break.

Same. We have the same workload, and are in a hiring freeze for any vacancies, have let all temporary staff go, and are going through a 6.5% of permanent staff redundancy process. A further 3.5% have been announced for January.

Paid for by workers today who aren't the recipients of benefits. Benefits are there as a safety net, not to prop up irresponsible parenting.

10 millions people of working age on benefits and rising unemployment under Labour says otherwise.

People who are not responsible enough to manage their finances and have only the kids they can afford are not likely to raise workers of the future. The cycle of benefits dependency becomes more entrenched.

Interesting that you see tax on the better off as a punishment on a par with people being punished with an inability to put food on the table.

She will get a higher pension tho

Im pleased with budget