Anyone watching the Budget 2024?

[LadyofRutshire]

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

Excellent budget so far. The hard of thinking are of course here and poised to oppose anything Reeves announces regardless of the actual effect it will have on their everyday lives.

I am dubious about this too, but I think the context is being able to claw back money from large scale fraud. But we shall see,

Varies by age and county. I think it’s up to around 20% for 6th form.

So not very good with all this but does this not sound quite good and a lot better than expected?
I think the biggest issue will be companies unable to afford their increases then causing job loss or lower hours for people? Could be completely wrong as a lot of this is over my head!

I'm very moved by a female chancellor, it's a wonderful thing. I'm not sure having a department for saving money is a good idea though It will cost a fortune which sort of defeats the object and it's funny, well it's ripe for being made fun of. I have listened to her so far and still have this vague idea that we are all screwed but can't quite put my finger on how.

Agreed, I love the increased stamp duty on second homes, and an increased tax on private jet journeys!

Did anyone catch what was said about stamp duty?

Sounds like good news for Manchester.

Or decrease profits?

"Reeves announces the government will increase the stamp duty land surcharge for second-homes, by 2% to 5% from tomorrow, Reeves says."

Sure she said raised by 2% to 5% starting tomorrow for 2nd homes.

I do think the VAT rise on private school fees should have been at the start of the academic year, though. Don't disagree with it in principle but the timing is odd.

And it’s insurance companies that are driving up the bills. This was literally all over the press recently.

I got confused as I heard "maintain coal tits" just then. Seemed like a specific bird to help.

I gather she said coal pits.

Why should profits suffer though?

My DH has a pension. He has a life limiting illness and will not reach 75 years old. At present he has a large pension pot. As his wife its coming to me without tax being paid. It looks like I will be taxed at 40% even though I am his wife and leaving your estate to your wife/husband is free of inheirtance tax.

The key for us is this 75 years old policy.

I am disabled they never mentioned anything bad apart from as you say looking at bank accounts the other day I had to give them four months of bank statements to show I wasn’t committing fraud. Universal credit spot check so they do this any way I don’t mind them looking at my bank accounts in real time as I have nothing to hide

@FarmGirl78, ridic 😉

Did he decrease prices whenever the Tories cut NI a few years ago?

Nah can't decrease profits. All these SMEs have kids to keep in private schools (at increased fees from January).

Pretty impressive so far. According to BBC this budget will mean we avoid austerity but will be repaying the debt the Tories left far sooner.

Sdlt of 5% in total on 2nd homes also incl new purchases by landlords.

@Barney16 it's going to require a huge load of borrowing so it depends if anyone wants to buy our gilts.

The Economist says the customers for UK gilts are drying up.

So we'll see.

Exactly!

What a nasty post.