AIBU that working people should be rewarded in the Budget?

[DistingusedSocialCommentator]

As above by way of increasing the tax threshold which has been on ice for a while.

The lower paid will benefit the most as those earning about 125k I think it is dont get any tax reliefe. 2 of the 3 children of ours pay 40% or more in tax plus NI. Therefore, the lower paid will benefit the most

We left worl in our early 50's and yet to reach state pension age.

I've read that many pensioners will soon be paying taxes as many are also being paid a few quid in private pensions they contributed to

so rather than a penny or two cut, raise the threshold of income tax

The gov must also do away with IHT but that is a different subject.

So if you agree with me, then it is I am being reasonable

No it’s not. It’s a pathetic attempt to buy votes from gullible people who don’t care about public services.

This budget is dreadful and does nothing for public services.

How dare Hunt talk about supporting the NHS.

Who are "the idiots at the pumps"?

and Lbaour does not do that, ROFL
As I've always said, they are in it for themselves.

Well, you don't know that, since they haven't been in government for 14 years...

And we all know why that is, lol.
They are all the same and if anyone feels different, then they are easily led, IMO

I don't think the newly announced changes will be a vote winner for the Tories, or not much of one. Because they're beyond help at this point and there's nothing they could really do in a Budget to avert their upcoming rout.

But you're right about the current model being ridiculous, and so I reckon Labour will have to keep the CB 60-80k sliding scale, at minimum, when they get in. It would be politically and practically a bad idea to revert back to the current, stupid system. Whether the consultation about moving to household income ever happens and gets actioned is another thing again.

It was a shitty policy and people are not stupid. They will take money but not change their vote. Labour will keep it. All those people who have been doing self assessment for years won't suddenly eat mind soap and forget what happened

Very clever. For too long now people have expected those earning a wage in very normal
jobs to fund everyone else. The very notion that they should be grateful for earning 50k.

Dont get me wrong - I won’t vote Tory. Many will now though. These are huge swing votes. Many are now being impacted by this and being told to suck it up and pay more won’t wash. It’s why Labour has gone quiet on the 80k 45% band. Working people in professional careers are fed up. Will they win - no. Will it make things less easy for Labour - yes.

You cannot keep ignoring the issues surrounding the plight of working tax payers being penalised and every turn and expect the status quo to remain.

Well yeah, we do. In 2019 it was the cult of Brexit that did it and that has gone so well.

You still don't know what Labour will do because no GE has been called, so no manifesto.

As for your opinion - I know what that's worth 😂.

I've actually come across a few people who weren't parents when it was changed in 2013, didn't notice at the time and once affected, hadn't clocked that it was the Tories who did it. But broadly agree, probably the majority of people impacted know it was their doing. Of course the electorate are less willing to give credit for improving a bad policy when it was you who caused the issue in the first place.

And we all know why that is, lol.

Why is it? Because I haven’t got a fucking clue.

Forget about jointly assessing couples, what about just counting the children in their parent's tax assessment then? Joint assessment of couples is only of benefit if one of the couple is on a lower rate than the other. Dependant children will always be on a lower rate because they are very unlikely to even use their whole personal allowance.

Stuff the planet - eh? Fuel duty has been falling in real terms for more than a decade, otherwise it should be 69.48p/litre by now. If he spent that money on public transport it might actually function.

On the plus side, it looks like merging NI with Income Tax is an aspiration, even if he hasn't committed to do it this time. Hopefully the next government will take that up, should help close a few loopholes - income is income.

You do know that most people don't pay tax on their pension contributions. Therefore, if their pension gives them above the tax threshold (most people), then they pay tax on it.
I do get fed up of the 'hard working pensioners' and 'hard working families' tropes. Most people work hard, no matter their situation. I am a single person, earning (just) into the 40% tax bracket. Y'know, it would be nice to get something back - but if the payoff is helping people out of poverty, I can live with that.

It was actually libdems who forced it through as part of the horse trading in the coalition!

How is a cut in Capital Gains Tax a victory for workers? CGT is a tax on unearned income.

Was it? Well the Tories were the senior party there and didn't have to agree to it, so I don't think that'll do them any good here!

Really, you're fairly poorly informed here, OP. I think you should educate yourself somewhat, before spewing bile against those you seem to think are 'lesser than' you.

In one or two posts, you have shown your ignorance a number of times:

• It's the Houti rebels in the Red Sea. It benefits the UK (not England) to keep the shipping channels, including the Suez Canal, open. Otherwise, goods take longer, and cost more, to get to us, from the cheaper markets of Asia.
• The idea that Council tenants didn't pay Council Tax is laughable. I was brought up in a Council House. My parents paid Council Tax, as did my siblings and I, when we became old enough.
• You have to apply for contributions towards tax and mortgage interest only, if you are on other benefits. I was on unemployment benefit for a few months, and still was bringing in more than the threshold for any help with my mortgage interest.
• The Tories have lowered the thresholds for so many schemes to help those on low income, who are disabled, or are carers. These are a big contribution to those living in poverty. I am aghast that you think this bunch of self-serving, arrogant, liars, are benefiting anyone, except themselves, and their rich mates. It also makes me laugh that you're defending them on one hand, yet complaining about misuse of public funds.

Might be time to do a bit of homework, and educate yourself, OP.

You really ARE more than ok. You retired more than 15 years before most other people. Believe me, you are doing well.

The child benefit move will probably increase tax revenue as loads of people who salary sacrifice to keep it, may think about taking it as cash now and just taking the 42% tax/NI hit.

Interesting point. People who take action to avoid the current marginal rates may be ok with paying 40% on a few grand if it means they can have it now.

Labour and Conservatives are not all the same

The graphic below is from the FT, and it shows how NHS waiting lists have changed with different governments.

You are lying to yourself and others by claiming they are all the same.

MojoMoon
Only around 4pc of estates paid inheritance tax last year

Although it says this in your link:

• ... However, the rapid growth in wealth among older individuals means this number is set to rise to over 7% by 2032–33.
• The number of people affected by inheritance tax will be still larger. One in eight people (12%) will have inheritance tax due either on their death or their partner’s death by 2032–33.

So she was entirely correct. You really are struggling these days Clav.