Hi, long term reader and thought I should say hi. I live in NE Scotland so our economy has been massively hit by both the initial Energy Profits Levy (it should have disappeared as soon as the high gas prices went down) and now made much worse by Labour’s approach to Energy. (Increased EPL, presumption against oil and gas development, and not a green job in sight.) It’s really evident in the NE Scotland house prices which are heading in the opposite direction to the rest of Scotland.
Along with both my husband and my job insecurity, my teens saw their hours drastically reduced at their jobs at a local garden centre due to the last budget. Even with the increased minimum wage, less hours for my youngest meant he made far less money to save for uni than we’d hoped.
And along with Labour not working, we have the SNP’s examples of what happens if you increase tax rates and decrease thresholds. I’m not the only one at my work reducing hours to stay under the 75K tax threshold (45% here) and I know others avoiding the £43,663 mark as we’ve a really punitive rate of 42%+8%NI up to the 50K national insurance threshold. All of this reducing tax to the government because there comes a point where it’s not worth it…
I find this thread really interesting to hear how things are impacting folk in other parts of the county and especially appreciate that this thread allows shades of grey in opinions and views.