Thread 38 Sunak: Soooo, square one is an option then?

[AdamRyan]

Thanks to @cornettoninja For the epic title!

The only thing I can offer about the budget is that it wasn't as bad as Truss' efforts.

Hunt knows he's unlikely to have the Chancellor's job this time next year and he has very limited wriggle room thanks to inflation and the past 14 years of governance.

We're all just waiting for that election date. I'm hoping for May as things aren't going to improve for the Tories and they won't want it in the winter with sky-high NHS waiting lists and people dying on ambulance gurneys.

It's house prices that are stopping the young progressing in life and nobody wants to help them it seems.
No wonder some opt out of working as I think they feel ' what is the point ' ( generally speaking, I do know a few like this )
(I know this isn't a great attitude to have , but I do get it )

He could have raised the price limit for FTBs with LISAs. Currently a LISA can only be used to buy a first property below £450k or you lose 25% of the pot (which is more than the govt contribution). Either raising that limit or allowing multiple LISAs to be used towards 450k of property each (say, for a couple who both have LISAs to buy a house up to 900k) would have helped FTB in many areas of the country.
Govt assumes people will start by buying 1-bed flats, but these days FTBs often have families by the time they can afford a property so need bigger properties.

To be fair the average house price nationally was £285k for a three bed semi in December last year. While £450k won’t cover a family house in some parts of the country the ceiling on a LISA isn’t a significant deterrent. What is are the affordability checks which mean people are getting turned down for a mortgage with repayments less than the rent they’re currently paying. That could be sorted at the stroke of a pen.

This is what I don’t understand, some are paying more in rent than mortgage repayments yet computer says “No”

Unbelievable, except it is entirely believable.

Wow. Penny Mordaunt suggests the public should be grateful for Michelle Donelan as she didn't take a £16,000 redundancy payout she was entitled to after resigning as Education Secretary after.... two days

She suggests this wipes out the £15,000 the taxpayer paid for Donelan

x.com/poppyeh/status/1765693752083910796?s=46&t=Uw4lJNwxFZFnX0Xs3doHYg

I think you mean the young who are living in London and the south east are struggling to buy. Up here which is not at all desirable and has had very little investment people in their 20s are able to buy a bog standard terrace for a reasonable price but these are the ones in jobs like teaching, nursing etc Not great pay but enough. Some of the areas would make some MNetters shudder at the thought of living there but I guess if you don’t have kids they are a reasonable first house….What needs to happen is more investment in the North and not just in Manchester or Liverpool but the smaller left behind towns so attracting skilled people from outside and slowing down the brain drain.

I guess I am just talking about the south east to be fair. I just feel sorry for the young in general as it's not easy and even harder if you're on your own too as property is just so expensive.
I haven't all the answers though. I know some have inherited money to use or bank of mum and dad , but many don't.

Surely redundancy occurs when the job no longer exists, not when you decide you don't want to do it anymore, or your boss decides they don't want you do to it anymore because you are a useless waste of space.

Something is very wrong.

Although may I suggest that all the current Ministers are redundant.

Yes, it's a pay off after being managed out rather than a redundancy.

I see Donelan received legal advice prior to the defamatory tweets - would love to know what that advice said.

Agree, we've left the North to spiral and the lack of HS2 (all those houses bought compulsory purchase for Tories to sit on and profit from!) and investment is shameful. I was reading about a street in Maidstone where the residents filed against a neighbour extending to make a terraced house 9 bedroom, citing lack of parking on a victorian terraced road. It was overturned because parking isn't part of the planner's consideration because they want everyone to use public transport! I mean?! We need to spread everyone around the country and have opportunities for a life in less congested areas or we will end up with slum cities, it's a no brainer.

In other 'news' this made me chuckle

It was a budget not designed to help people but to reap vengeance upon Labour, who will be the next Government. It was a budget designed to scupper the boat.

Nasty party.

Grifters & morally bankrupt evil gits.

Was Braverman her legal advisor because that would explain it.

If you want something to make you smile. Here is a party political broadcast from Count Bin face. https://twitter.com/CountBinface/status/1765669566552707164

Blur drummer Dave Rowntree selected as Labour candidate for Mid Sussex in general election

The replies to that have been funny

Love it!

I remember the iconic picture of the election when Boris Johnson became MP with Count Binface right next to him as results were announced

Binface has suggested installing a plank from the House of Commons terrace so that anyone who breaks the Ministerial Code will have to walk it.

We'd have to have the RNLI on permanent standby.

I wish he’d get elected. Shame he wasn’t standing in Rochdale.

Yes, and also a desperate attempt to get votes to keep those seats.

Squeezing those council budgets til the pips squeak (presumably so they can offer further tax cuts).

Hunt is ending a two-year policy that let English local authorities keep 100% of revenues from sales of council homes, which delivered an extra £200m a year for social housing. @pmdfoster @JenWilliams_FT ft.com/content/79d479…

x.com/groomb/status/1765860822700466329?s=46&t=Uw4lJNwxFZFnX0Xs3doHYg

Wow. If excellent ministers in this government commit libel because they can't be bothered to read the newspaper articles on which they are basing their claims, I hate to think what slightly less than excellent ministers do.

I suspect it started with something along the lines of: this advice is predicated on the assumption that the minister has read and understood the article on which this is based and that she has got her facts right. If not, please check back with us.

Theresa May stepping down at next election. Lost count of how many that makes.

Pensioners who pay income tax are £1000 worse off under this budget. You don't have to be a rich pensioner to pay income tax.

Pensioners are biggest losers of Jeremy Hunt's Budget with £1,000 hit hidden in small print - Mirror Online