Sir Keir Starmer and the budget

[disappointed101]

Can someone explain in layman‘s teens how “The middle” will be affected by the budget? We are comfortable but not stinking rich by any means. Reading what people are saying makes me feel sick. We have a good disposable income due to almost being mortgage free, older kids etc but don’t spend on luxury items save for holidays. Is it even worth working at this point? Is it worth having savings or should we spend our savings and upsize in property? I’m so worried he’s coming for everything we have worked for in the past 20 years.

Didn't know that Keir Starmer was turning the UK into a socialist state. Look forward to visiting Lenindon, the home of the Houses of Parliament, soon.

Honestly, to use MN parlance, some of you need to give your heads a fucking wobble.

Is de pfeffel intended to be derogatory? If it is, it's surely personal rather than political. Nobody ever called him "Curtains" although there's quite a good joke in there somewhere. Or "Wallpaper"? Or "Busboy"?

I hadn't actually thought of "Ritchy" being insulting to his wife- I can see how it could be, I suppose. PonyClubDad Sunak? Needs work.....

So is Sir Keir’s honorific. And he was in a position to refuse!

Oh come on, you’re much better than that.

You think ‘Sir’ reveals some intention to put Starmer down as being posh and entitled but ‘de Pfeffel’ for Johnson doesn’t?

So @AquaPeer with your expert knowledge of economics could you tell me how reducing the number of rental properties available via driving a large number of btl landlords out of the market is going to make rents decrease?

"

It's the Labour government themselves that have whipped up a frenzy. They keep releasing snippets of information, testing the public reaction and measuring the level of backlash. "

And to be fair that's been the usual thing for budgets in recent years - hardly anything is a surprise on the day as all governments have leaked a large amount of it to the press.

The thing is it will have undoubtedly pushed some to push transactions through in order to ensure they know the tax rate, or the reliefs that are currently available that the press have been speculating will end. So potentially increasing the tax take in the current tax year which may have been next year or even the year after so by publishing these rumours, and increasing the tax take they could very well sit back and say will leave these reliefs alone. .

The difference with this one is everyone has been talking about what could be in the budget since election day. And when the press haven't got anything new to print they regurgitate older stuff or best guesses etc.

@Rummly "You think ‘Sir’ reveals some intention to put Starmer down as being posh and entitled but ‘de Pfeffel’ for Johnson doesn’t?"

But Johnson IS posh and entitled! And he has never, as far as I know said anything else. A nickname saying "posh man is posh" is hardly a gotcha, is it!

OK, so if the user of the label thinks it’s true, fitting etc, then it’s alright?

Those using ‘Sir Keir’ and ‘Two Tier’ would presumably say these were justified as either suitably derogatory about a phoney man of the people (Sir Keir) or true (Two Tier).

I don’t like either. But I dislike double-standards even more.

I posted earlier about my agreeing that if anyone was taxed then as I have assets it may be me and I’d accept that as a price for better public services (or at least not getting worse.) I expect a lot of my estate will go to inheritance tax.

However over my lifetime I will be a net taker from the system. I probably won’t get state benefits (including pension due to my work history and not being sensible to make voluntary contributions).
However I went to state school and used the NH S a lot

I expect there are a lot of people even on MN that think they will pay in overall but end up the other way. Even with private health insurance and attending private schools. An accident where you are treated by the NHS (outside London I don’t know of private A&E and you may be transferred.

Simplistic-thought you were an economics expert? 😉
who said rents would decrease post budget? You simply said corporate landlords would dive in and INCREASE them.
BTL landlords, as you’ll be aware, have been leaving the market in droves for 5 years now due to unfavourable market conditions- far more direct ones than the potential increase in CGT or whatever you think is coming next week

Yes it does feel like this.

I can't wait until budget day when the Telegraph and Mail can have whatever headlines they like but hopefully the nonsense made threads about it 'not being worth earning a massive salary' will stop.

I’m a nurse. Experienced but way down the pecking order. Band 5. My wage isn’t shit. We get back pay this month. Surely the pay rise we’ve already got, the subsequent offer the government made (which we ridiculously refused), in addition to the agreement with junior docs, are signs they aren’t invested in keeping people poor.

Were you thinking it was no longer worth working when Liz Truss and Kwasi Kwarteng were creating a budget, OP, or when Cameron called the Brexit referendum? Because those events have done so much to harm the broader economy, public finances and people's personal finances, yet the press which is generally right-leaning wasn't up in arms.

Public finances are in a terrible mess. You may have noticed that everything is broken. The NHS. The Court system. Prisons. Schools. Care. All of those things will take money to fix, and if that money is be raised by taxing unearned income through CGT rather than further raising income tax, I think that's the better outcome.

Also, HAHAHAHA to the person who said Starmer's never done hard, long, boring hours. People don't generally become QCs because of their leisure activities. He will have worked extraordinarily hard throughout his career and a huge proportion of that work will have been extremely boring. He is not perfect, but the suggestion that he's lazy is so far from the likely reality that it's laughable.

It wasn't you @AquaPeer but someone did say that earlier in the thread and that's who I was replying to originally so no idea what you're on about. I didn't say I was an economics "expert" I said alot of posters on here don't know anything about economics (like the Labour govt). And decrease in no of houses to rent will result in increase in rent (same as an increase in population does which people also deny).

And the biggest thing that's harmed the economy @HerculesMulligan is lockdowns which starmer wanted to do for longer, together with closing down the nhs to cancer screening etc. He might have worked hard but hasn't achieved anything apart from contributing to making this country worse.

@Menopausalsourpuss ok so good and bad policies ? Name ‘em ? For balance.
Because there are some but I doubt you’ve even noticed.

You have to really start from a place of bias to blame the then-Leader of the Opposition for the policies of the former Government. You're showing your hand, @Menopausalsourpuss .

And I don't believe lockdowns did have the same long-term financial impact on the broader economy as either Brexit - my business is still dealing with huge problems caused by the difficulty of increased costs for imports, unnecessary friction in exports and labour shortages - or on people's personal finances given the way that Truss' budget sent interest rates upwards for anyone on a substantial mortgage.

Why did you ask me to explain someone else’s post then?

People currently making a comfortable lciign without actually working are wottied about losing that, where is the news here? Of course they'll be upset. They work hard to allow other people to pay their multiple mortgages!

I didn't @AquaPeer .

Are we saying that desk jobs aren't proper work now?

He was the DPP, that's a pretty tough gig, lawyers generally work long hours under high pressure, is that not proper work?

Well he's working in I presume an industry he's chosen to be in, enjoys it paid well using his brain?
Not quite the same as a cleaner or those in jobs with no prospects no respect etc??