October budget going to be painful

[increasinglyconcerned]

Here we go..... I knew it. Labour were promising not to hike our taxes in the election campaign and here we are.... apparently they discovered £22 billion black hole in his first weeks in the role and it's not his fault.

Let me guess, those of us who earn six figures and already pay 45% will pay EVEN more and take home even less. It's the hard workers who will take the brunt. What's the point in working anymore!

I earn a little over £120k and I'm taxed the same as those earrings £500k.

Before people jump in saying they don't feel sorry for me, I work full time to support my family, as of January I will have 2 DCs in nursery, plus my mortgage and get ZERO free hours childcare, whilst they keep promising free childcare but I just pay more for everyone else to benefit.

I cannot afford to pay more taxes to fix this country and especially when so many people are getting a free ride and not paying their way, ranging from millionaires with tax havens to those claiming benefits dishonestly.

This is absolutely true - I'd say that the lowest paid jobs are frequently the hardest ones with no autonomy, mind numbing monotony, constantly being micromanaged etc.

However, jobs aren't rewarded based on how hard they are but what unique skills they require. If really pushed most people can stuck shelf and clean toilets, only very few can run multinational businesses successfully.
I've interviewed a lot in my job and it's always very visible as to who is high flyer and will make it to the top and who will not.

This

All you labour supporters just wait and then don’t complain when it hits you too! They are all about communism and not helping the working people, nothings been said about all the illegal immigrants bleeding the country, now all you do gooders jump in. Never mind the people who have paid into the system and are now being pushed to the back, one hand they’re saying be self sufficient and on the other hand they’re stealing from the uk taxpayers. Unless of course you’re on benefits

If many of you stopped attacking those on benefits and stared attacking the multi millionaires who live a tax free life. Benefits/benefit fraud barely make a dent. Imagine if all the mega rich paid their taxes…

Stop chasing down the poor and ignoring the rich.

Also you all seem to resent high earners as if it’s given on a plate! To be a high earner it takes a lot of dedication and hard work

Labour last time of all their years in power still blamed the tories when they messed up

i thank you for your service... not

Everyone uses the state system, not everyone is a net contributor to the system.

The people dependent on the system seem to be having an issue with people who are high earners deciding they would rather invest in their own families than "the system'.

Again, many women go back to work to pay 50% tax and childcare so that other women on state benefits can stay at home. Despite the fact that staying at home is a privilege. If you or your partner can't afford a stay at home parent because you are poor why should you be subsidised for that?

It's like the middle class have wisened up that you need to maximise resources if you want a child but if you make shit decisions in your life your kids will be worse off. But it's up to us high earners to plug the gap because others can be bothered.

Accidents happen, and so do abortions. Everyone should want to achieve more than being a state funded brood mare.

To be honest it was mostly women who foolishly voted for Labour so reap what you sow but tax is on a percentage scale so just like the rest of us we would all be worse off. However, I read somewhere they are not going to increase tax they are doing it by other means (inheritance)
The black hole is also a lie, they gave a £9b pay rise to NHS and £12.6b in foreign aid since being in power whilst cutting benefits like heating allowance.
The money was there they just chose to give it away!

That's Labour and the Conservatives and the Coalition then?

The deficit goes back a long way. Its endemic across the west.

@Thurien

The last government were in power for 12 years. 12 years! People are continually trying to blame it on governments before them. How long does one party need to lead before something will actually get pinned on them. Unless its labour then people are pinning everything on them before a budget is even announced. KS has had a strong start. Don't think anyone can argue with that.

@WanOvaryKenobi "Accidents happen, and so do abortions. Everyone should want to achieve more than being a state funded brood mare"

Jesus. Did you mean to say that?

The ironic thing is that the beneficiaries of the new Government. Train drivers, Doctors, other powerful unions, will suffer from the October budget.

They are already in the higher tax bracket, which surely will be increased.
Pay inheritance tax on the properties they never thought they could afford. Similarly Capital gains tax on their 2nd properties and share portfolios.

Pensioners, deprived of their Winter fuel allowance, and surely soon, Attendance allowance, Freedom pass and so forth, unlikely to have this problem.

Gordon Brown left a £1 trillion deficit.

No party comes to the table with clean hands. Starmer's start is not what matters. It is where he is in four year's time that matters. The final fence. At the first fence - winter fuel payments - it was a scramble over.

@Thurien

Of course, there will always be debt.
KS hasn't had had a chance. You're just assuming he will fail. Written off, even after a strong start. No wonder there's no progression in this country.

Truth is, virtually all UK politicians are out of their league. It has been a complete shit show, but Starmer and Reeves are really in the spotlight now.

I wonder if people ever check government gateway as to How your tax was spent?

This is last tax year snapshot:

How can this be that we spend almost 20% of out taxes on NHS and still have such appalling service? isn't this obvious that the issue is not funding but the way it's being managed?

Is everyone happy with 20% of their taxes going to welfare? this doesn't include state pensions.

With interests going down it's prudent to expect National Debt Interest going down and substantial amount being released.

It's really not obvious to me why there is a need for even more taxes rather than fundamental review of spend.

I do think that the real agenda of this government is redistribution and that's it.

”everyone has to pay their share”. ……..except those that don’t pay their share and are supported by the worker bees of the country to earn their “non working wage” there’s no wonder people are fed up, but if you say anything there’s always “do-gooders” to jump on the complainers using any tactics they can to highlight how abusive the complainers are and you think that we are too stupid to see it! Imagine a world where the balance is tipped with more non workers than workers and the country is fucked, Labour has always had a policy of taking from those that can to give to those that can’t…..and people we’re stupid enough to cast their vote for them…..people will stupidly believe the excuse that they didn’t know about the countries black hole……bollocks… it’s just govt spin to excuse them from their manifesto promises

Please can we stop conflating "high earner" and "hard working"?

Yes. With my whole chest.

Oh sweetheart, trust me, if you think you're going to struggle on your current salary after tax, there's no way you comprehend the reality of life on benefits. Even if they taxed your whole £120k salary at 50% (which is not how it works, so please stop being dramatic) you'd still take home more than double my full time salary. I've raised two children on my single £24k income, and I can promise you I've worked just as hard as you, possibly harder.

Check your privilege.

Show me the 'strong start' ! Because I am fucked if I see it.

What Starmer and Reeves did this week is run down the UK. That is Farage mentality. Spin,instill fear, destroy. Even the unions are pissed off.

That is not a strong start. I smell weakness. I was hoping for better. What a shit show. Higher taxes and no communicated plan to bind the nation.

"It's a mess. You are all going to pay more. Deal with it."

Gordon Brown left a £1 trillion deficit.

After a global financial crisis. He was a lightweight compared with the Tories.

I will be interested to hear what pay rise IPSA recommends for the 650 MPs next year. This year was 5.5% and their meals are still subsidised for them and the 14,500 staff.

www.standard.co.uk/news/politics/subsidised-food-mps-food-banks-meals-public-taxpayers-money-b1170707.html

Thank you for agreeing with me @blossomtoes

Surely somewhere in your posts of yore, you have said "two wrongs don't make a right"?

£1 trillion is not a light weight by the way.

Tell me Labour do not have clean hands and I may start to listen to you.