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Really impressed with the budget

437 replies

Fullrecoveryispossible · 15/03/2023 13:34

I’ll give it to the chancellor. He delivered a bloody good budget today. Childcare reform (including increasing rates paid to providers by 30%) and 30 hours free for 1&2 year olds. Uk has avoided recession despite a global pandemic and Ukrainian war, more money on occupational health, plan to get more people into work

OP posts:
BashirWithTheGoodBeard · 16/03/2023 08:05

SheilaFentiman · 16/03/2023 08:00

I don’t think that would work for the NHS. Hundreds of thousands of people work for the NHS and only a fraction are the higher paid doctors that are at issue. I don’t think it would work to opt the whole scheme out for nurses, cleaners etc. The point of the JPS opt out is, presumably, that it’s small numbers and all are highly paid.

This is also what I was wondering. They do seem pretty different. But I don't know much about the specifics of how all this works, and am open to hearing if anyone can tell us how this could be done in a less broad brush manner than Hunt proposed yesterday.

ChungusBoi · 16/03/2023 08:10

NurseryNurse10 · 15/03/2023 13:52

I'm not. Myself and my colleagues will be expected to look after more kids on little more than minimum wage. Standards will drip even further. The nursery sector will go under.

This. Our nearest providers are having to reduce the number of places they offer because they cannot recruit enough staff. The new ratios make the work even less appealing and will make the recruitment crisis even worse.

SheilaFentiman · 16/03/2023 08:11

For the NHS, I don’t think so, because it’s one scheme. So if a nurse moved to hospital admin or whatever, he would remain in the scheme.

ScandiNoirNuit · 16/03/2023 08:15

BashirWithTheGoodBeard · 16/03/2023 08:05

This is also what I was wondering. They do seem pretty different. But I don't know much about the specifics of how all this works, and am open to hearing if anyone can tell us how this could be done in a less broad brush manner than Hunt proposed yesterday.

Feels like there has to have been a better way of implementing this IF truly aimed at doctors. But I expect they will be in the minority of people who actually take advantage of increased LTA.

BashirWithTheGoodBeard · 16/03/2023 08:15

ChungusBoi · 16/03/2023 08:10

This. Our nearest providers are having to reduce the number of places they offer because they cannot recruit enough staff. The new ratios make the work even less appealing and will make the recruitment crisis even worse.

Is it likely that we'll see most providers just staying out of the scheme, do you think? I assume it would be voluntary as the 15 and 30 free hours are now.

ScandiNoirNuit · 16/03/2023 08:25

SheilaFentiman · 16/03/2023 08:02

“And pension pot can then be passed on inheritance tax free so seems like a further loophole has been expanded!”

presumably this is only the case if the person dies before retirement - ?

no, if it is a DC scheme (likely for high earning non public sector workers) then if the person dies under 75 it can be passed on without inheritance tax. Over 75, it is subject to marginal tax but not inheritance tax which can still be a significant saving.

Overall it is a move that benefits the v wealthy - no surprise from the Tories.

taxpayer1 · 16/03/2023 08:27

Bloopsie · 16/03/2023 05:52

Separating 9 month old from their mums is brutal, in the country i was born in there is a higher child benefit than the uk, also family support payment for families with 3 or more children and muma receive minimum salary or what they earned before maternity leave for 12 months.

Hunt seems too shift the blame of bad gov decisions onto stay at home mothers. Where are the feminists now

You could always go back if it is better there.

SheilaFentiman · 16/03/2023 08:50

“Where are the feminists now”

None of these moves make it impossible to stay off work with a 9 month old baby. They (ostensibly, at least, devil is in the detail) make it more affordable to go back to work at that stage.

Nyasia · 16/03/2023 09:18

ScandiNoirNuit · 16/03/2023 08:25

no, if it is a DC scheme (likely for high earning non public sector workers) then if the person dies under 75 it can be passed on without inheritance tax. Over 75, it is subject to marginal tax but not inheritance tax which can still be a significant saving.

Overall it is a move that benefits the v wealthy - no surprise from the Tories.

It may be possible to pass the pension pot on inheritance free, but any money taken out of the pension pot will be taxed at the normal rates of tax.

Barney60 · 16/03/2023 09:50

Not impressed at all.
Child care only in the near future,( no children but have grandchildren,) nothing in personal tax, so if wages go up we will pay more tax. Only thing i am happy with is petrol levy has not been increased as i drive a distance for work at my expense.
Extended help with bills for 3 months, Gas prices have dropped so what about next winter prices, why are they not fixing them now ,and buying at these cheaper rates and storing?
From this budget we will be poorer bar those earning in top brackets.

Jezzz · 16/03/2023 10:28

Nyasia · 16/03/2023 09:18

It may be possible to pass the pension pot on inheritance free, but any money taken out of the pension pot will be taxed at the normal rates of tax.

It should be quite simple to fix the loophole that allows the pot to be passed on without inheritance tax

SheilaFentiman · 16/03/2023 10:37

Is it a loophole, though? A pension is a tax wrapper, like other kinds of trust. If it's inherited, than the funds stay in the pot, I think, so aren't available to pay IHT on. Then income tax is paid as drawings are made.

FlyOnAWing · 16/03/2023 11:18

Of course it is a loophole.

SheilaFentiman · 16/03/2023 11:21

How would you change it? Things that are in trust are often IHT exempt.

FlyOnAWing · 16/03/2023 11:26

Restore tax once pot reaches one million pounds.

SheilaFentiman · 16/03/2023 12:11

That doesn’t “close the loophole” though.

never mjnd

LikeTearsInRain · 16/03/2023 12:20

On second thought we seem to have pulled £11bn out of our arse for yet more defence spending we simply do not need as it should be our intention to never invade countries alongside the US ever again surely?

But yet no extra spending for schools or NHS which we know are struggling

lifesabitchandthenyoudie · 16/03/2023 12:20

I agree with others; it's giving them further opportunity down the line to beat single parents and people with disabilities harder, to force them into either more poverty or into back breaking, impossible jobs under threat of all support being taken from them. Since when have sanctions been seen as fair, accurate and supportive? They are punitive, often made in error or in unreasonable situations and cause more harm than good.

ESA and the UC assessment was put in place to assess how a person's ability to work was affected. DLA and PIP was for difficulty in daily living. It was not used for work assessments because the two things are incompatible. Yes you might struggle to wash and care for yourself, or make journeys; but you might on the other hand be able to operate a computer. And visa versa. PIP is also meant for long-term conditions; being unable to work for several months because you are struggling with your mental health because you have come out of a dv situation, for example, would not entitle to you to PIP but would have given you a breather for a while from looking for work under the ESA and UC assessments. That same person will also be forced into work even if they have young children they are struggling to look after and cannot find 'wrap around' care out of hours, holidays etc. Help with nursery is fine but what happens when they reach school age? And I also agree with @Bloopsie ; we are too desperate to get mums back into work.

Not to mention that the places simply won't be there, as many in the sector have stated. It's the hospitals all over again.

For me, this budget has almost nothing. But that doesn't bother me. I want a budget to work for the country, not me. But the lack of anything for the NHS, Education, transport, social care, etc, etc makes me really angry; let alone the giving £s to their mates again. I'd best shut up now, I think!

Grrrrdarling · 16/03/2023 12:22

YetMoreNewBeginnings · 15/03/2023 13:47

I’m amazed more people aren’t seeing the childcare thing for what it will inevitably end up being.

Its a tactic to lower the age people on benefits (women usually) will have full time work requirements or be sanctioned.

Which with the increase in ratios and the problems that nurseries have been talking about is going to lead to either people being sanctioned because they simply can’t find childcare or children ending up in substandard childcare.

There’s always a hidden meaning behind seemingly generous reforms - the bereavement benefit changes show that very clearly.

Glad I’m not the only one seeing this waffle budget for what it is.
They are just saying what people want to hear to win the election despite the devastating damage they have already done to this country.
The inappropriate behaviour & corruption they so easily sweep under the carpet says it all for me.
No amount of good can save the ‘self’servatives in my eyes.

Logicoutofthewindow · 16/03/2023 13:19

pompomdaisy · 16/03/2023 04:26

It's a budget of smoke and mirrors and designed to impress people who fail to look at the detail.

This. People like the @Fullrecoveryispossible are easily conned. The headline and not the details. Possibly a Tory?

Redlocks30 · 16/03/2023 13:46

I can see a lot of people hoping that their childcare bill will go down, yet it won’t because they just won’t be able to find any settings with spaces.

BernadetteIsMySister · 16/03/2023 13:55

Agree and i I had 2 people interested, one funded and one not, I would take the unfunded business first.

Jennifer89 · 16/03/2023 14:12

I am happy with the news, currently ttc so good news hopefully for future years..

taxpayer1 · 16/03/2023 14:53

Redlocks30 · 16/03/2023 13:46

I can see a lot of people hoping that their childcare bill will go down, yet it won’t because they just won’t be able to find any settings with spaces.

Such negative. It has to start somewhere.

HannibalHeyes · 16/03/2023 14:56

From twitter;

Howard Beckett
Mar 15
Hidden in the tiny small print of the Tory budget is a massive tax rise for every worker in the UK.
Jeremy Hunt froze the personal tax allowance. With inflation at 8.8% this means in real terms Jeremy Hunt cut your personal tax allowance by £1,100.
That tax rise starts in April

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