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

I should think the rise in the national minimum wage will just about finish off the care sector, after a good attempt by the Chancellor in last year’s budget.

I doubt very much local authorities and the NHS will be funding the increase in careworkers’ pay?

Apologies, it’s £6 billion not £8 billion. But that’s still a 1.7% reduction in spend per pupil across the whole education budget. So as other have posted, this budget has done nothing for public serves. Nothing at all. I am surprised there’s not more concern about this tbh

schoolsweek.co.uk/government-faces-6bn-send-shortfall-once-override-ends/

I will be worse off and I am absolutely fine with that. I can afford to pay a bit more and I think I should.

To those saying we are giving to those who make bad life choices - I am fairly horrified by that view.! Do you honestly think that all those in receipt of benefits (including their children) are in that situation because of poor life choices?

Me too. They really needed to tackle the rising disability benefits too, but have run scared from that too.

This is nothing to do with child benefit. Its universal credit (child element)

We do, and there genuinely is ‘fuck all’ in the budget that will stimulate growth or jobs, but it is worse than that. It is considered likely, or very likely that both Starmer and Reeves are toast. There is neither vision or policy for a reboot of the economy and growth, only enlargement of the state and dependence.

Anyone ‘celebrating’ this budget appear to not understand the implications.

I think @HoskinsChoiceis confusing child benefit with UC. It doesn’t help when everyone calls it the 2 child benefit cap.

Someone on another thread said that one of the reasons this country is in such a mess is because people who understand nothing about the economy get to vote. Your comment reminded me of that.

Will you feel the same way when Reeves raises taxes again?

She has already said that she is willing to, if conditions dictate (hint: they will)

I'm not sure of the eligibility but could your mum be entitled to attendance allowance? Do you have to help her or she able to manage every day tasks?
My BFFs mum is 86, lives alone most of the week and gets this.

Take off of 'working people' that try to better themselves, to give to all the feckless dross that Liebour relies on.

I’m in my 50s and honestly I don’t think I’ve ever sat after a budget and thought oh that was great, I’m better off now. Something has always happened that I’ve paid more. Labour and Tory are just 2 cheeks of the same arse. This website is full of £100k plus earning private school using posters and theyre still largely just having a tantrum that labour got in at all.

I don’t have negative opinions about people who use it I think a two child cap was reasonable but more than that is taking the piss, once you’ve got all the stuff from having one kid why does three require 300 more than two? 600 more for four etc. like I said three kids here now and didn’t find the jump from two to three that bad. People don’t get a three hundred pay rise from their job for having another kid

Public services are not going to be improved by this. It’s all smoke and mirrors……

Do you work in finance yourself? Genuine question.

The only impact on me is the salary sacrifice into pensions and the reduced ISA contributions. Stings a bit that it took me to my 60s to be in the position where I could finally use both of these to save a bit,and now they are reduced but such is life.

For the umpteenth time, it is not child benefit we are talking about. It is universal credit child element.

It is not too bad a budget from a fiscal viewpoint - although it is stalling problems for the future and hugely dependent on growth picking up... if not, Labour will find themselves having to come back for more at a time closer to the general election.

The budget is middling on redistribution and I say that as a high-rate tax payer that was expecting (and accepting) to pay more.

Where it massively fails is on the incentives (and hence growth) front. The elimination of the 2-child cap is a case in point (given that it is a delayed implementation) it will be interesting to see if there is an up-trend in births in certain groups). I would include there the stagnation of income tax bands, higher taxes on savings income, etc. Not to mention nothing to address the inflated welfare system or waste in the public sector (or even a signal of wanting to do in the future)

What makes a government budget different is that it is not only about moving money around / redistributing the pie but, crucially, about growing the size of the pie through (the right) incentives and signals to markets and investors. And, on that front, it performs badly.

The financial markets are looking pretty OK this evening tbh
They stabilised within hours, traders relieved etc

Oh because of course they need to have free will to spend it how they like, no strings attached.

Lots of people are taxpayers...including parents in minimum wage jobs topped up by UC who dare to have more than 2 children

You've deliberately missed the 'to avoid tax' bit.

You're not the only one, OP. But unfortunately a lot of MNers don't care about those who are worse off than them, to go by some of the bile that's been posted recently.

If you think it's good then you understand fuck all about economics (like Rachel Reeves apparently 🙄)

As mentioned upthread there is absolutely nothing in this budget that will bring about growth and we will simply run out of money to pay for anything.

Me too!