Anyone watching the Budget 2024?

[LadyofRutshire]

I couldn't find a thread on today's budget. Anyone watching live?

I'm just glad MIL's probate was approved yesterday and we won't be affected by this. She left us a lot in her pensions.

The business about farms is going to be interesting and potentially going to change land ownership in the countryside a lot. I'm going to be curious to see more details.

Yes, further education was directly mentioned. I'll edit in the figure they said if I can find it!

Edit: £300 million

And yet, you implied these qualified staff would be made unemployed and disposed of by your business owning husband?

Perhaps he could take a reduced profit.

They all do it, every budget. Hunt and Sunak were as bad when they were Chancellors.

If by normal people you mean a working person on averge income then you are very likely to be worse off by around £1k a year. I agree, it could have been worse!

I hope the NHS plan works. I missed the bit, if there was a section on social care. Fixing social care is really important for the NHS and no government has been able to tackle it effectively. Understandably because it's a very knotty problem.

How do you work this out?

@NorthernGirlie £300m for further education.

Not sure how I feel about making the point about being a female chancellor.
It smacks of look at me, a little woman doing difficult man work.

I'm pretty happy overall.
Ending the freeze on tax allowances in 2 years time will still mean lots of moderately paid people pay 40% tax meanwhile.
We'll lose out of the inherited pension pots thing. It's a fairly painless way to raise taxes.
I missed the bit about RTB? A huge mistake if they open that up further without making it mandatory to replace and increase social housing.

I will not be happy with any budget until public sector employees are treated the same as other employees, ie scrap the defined benefit pensions...I object to being taxed more to provide a gilded pension for public sector whilst also being taxed more for receiving a crappier pension

Really Rishi? You had your chance and you blew it.

Apparently he doesn't make any profit. Once he's paid everyone including himself there's nothing left. Unless I'm missing something.

The likes of Michelle Mone? She doesn't receive benefits though.

I also assume that MPs will have their bank accounts accessed - to prevent & recover money from expenses fraud.

Separately though, I'll give them a kudos for cutting RTB - although I agree with a pp that it should be scrapped completely. There's a serious affordable housing crisis (not helped by the fact that 40% of former RTBs are now expensive private rentals).

Re IHT. The fairest option would be to tax it on the income/wealth of the beneficiaries. And special exemptions for farms. Concerning if farms end up in ownership of just a few very large organisations.

Aren’t they all so annoying. One side does something and the other side jumps in to say it’s crap. Would be nicer to see them say they’re all in it together to serve the public rather than it being tit for tat between them all.

Thank you - doubtful we'll get a decent payrise. Staff are leaving in droves at the minute

Well hopefully the rises in nurse wages agreed will attract more applicants. And it’s not necessarily nurses who staff these places. It’s clerical staff, radiographers etc.

No mention of the first time buyer stamp duty!

The increase in SEN funding is welcome but doesn't come anywhere near what is required

He's pitching his speech at daily mail readers.

Think he made that up!!!

This Deputy Speaker isn't very authoritative

Agree.

I think RR did a great job of being the first female chancellor, up against that room full of braying men.

I hate all this braying and yelling it's ghastly behaviour and undermines the seriousness of what's being discussed.

Rishi just said it had gone up, but u hadn’t heard it either