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.

Trust me, I don’t.

Trying to show how debt increasing is proof Labour are solid - it’s a monumental failure for anyone with half an ounce of understanding of what is being described.

The deficit was huge. That means that we were spending far more than we received as a country. The deficit needed to be reduced - not the debt. Until the deficit is 0 and we break even the debt increases. We are borrowing to meet our outgoings. Sure let’s reduce the debt - to do that means instantly reducing the deficit. Fine - cut welfare and pensions. Then we aren’t borrowing. Obviously that can’t be done…

We still have a deficit as the original was so huge…plus Covid. That means we are spending more each month than we collect. With the highest tax burden in real and recent times; this means huge change is needed and our state reliance bill isn’t sustainable. Not enough being put in by the majority and too much going out to the majority. Very basic maths. Think of it like calories - we are an overweight state.

It’s genuinely terrifying that people think they know it all and worse can vote when they don’t understand basics like deficit and debt.

Anyone who voted for UK Labour and didn't expect their taxes to be raised is-frankly-an idiot. Keir Starmer would have promised anything to get into Downing Street. Now reality is hitting. Thank goodness I live in Scotland-Starmer's duplicity has guaranteed we'll get Independence sooner rather than later!

Anyone who voted for UK Labour and didn't expect their taxes to be raised is-frankly-an idiot. Keir Starmer would have promised anything to get into Downing Street. Now reality is hitting. Thank goodness I live in Scotland-Starmer's duplicity has guaranteed we'll get Independence sooner rather than later!

I agree with you on your first two paragraphs. Respectfully disagree on your last. More value should be placed on some jobs at least more than they are being done right now but hey I don’t make the rules. Don’t blame me.

So far, labour have stated they won’t raise individual taxes and all indications are it will be inheritance and capital gain tax rises. So what makes you think they will raise your tax rate?

I'd crack down on the ferries. Any vessel that is in British waters for at least 186 days (a "day" here defined as any part of a calendar day) should comply with British employment laws, minimum wage etc. No more cases of P&O or Irish Ferries sacking their entire workforce and employing Filipinos on a pittance. No, they should pay a living wage.

Good Lord! I hope we don’t get Independence anytime soon. SNP is 10 times worse than Labour could ever be. Bunch of corrupt and inept clowns. By the we already pay more tax and still ….

This is exactly right. I’ve not bought a take away coffee in ages, I bring my own lunch on the days I go in to the office. During summer holidays I’ve gone in very infrequently. It saves a lot on train fare and lunches, coffees etc. I’m also at the age where I’d rather drink nice wine in crystal glasses at my home with friends than pay more for lesser quality wine at pubs and bars.

Im with you. Screw them.

They'll go after pensions too. Not pensioners per se-those with company and personal pensions. They are the soft underbelly of tax hikes.

@increasinglyconcerned you clearly have no clue about benefits if you think you wouldn't be much worse off. They certainly wouldn't pay your mortgage either. They only pay towards rent

Basic for a single person not on longterm sick is £400 approx per month plus the monies per child.

For the first child it is approx £333 and the 2nd child is £287.

More is available to help towards childcare.

Once your child is 2 if your on UC you are actively made to look for work.

It's not the fancy life you think it is. Incidently, Dr's, nurses, cleaners, porters etc all work just as hard if not harder for far less

I agree that the SNP are a bunch of clowns... but so are UK Labour. And Keir Starmer and his duplicity will drive a huge increase in votes for Indy parties. Most Scots would rather pay huge taxes into the Scottish Exchequer rather than the bottomless pit which is RUK.

Who pays you £81? Is that a carer’s benefit from the Government?

so, if you earn less, you are less worthy of having pride in yourself?

people who earn more aren't better than people who earn less, or more worthy of being proud of themselves. I'm an unpaid carer with chronic pain and fatigue issues of my own. am I proud of myself? yes I am. I'm strong and resilient, even if not physically. I might be paid a pittance in carers allowance, but I can hold my head high, even if I'm not paying income tax.

It is carers allowance. For anyone caring for someone caring for someone at least 35 hours a week. It used to be the same as unemployment benefit for a single person, but is now less. It means you do not have to look for work. The person you are caring for has to be in receipt of certain disability benefits. You can only earn up to £151 a week. Earn any more and you do not get Carers allowance.

yes, that is carers allowance. still worth less than job seekers allowance, even though JSA is a temporary situation, and being a carer usually isn't. we're told it's "not supposed to replace a wage"
basically, we're told over and over again, you save the government a lot of money, but you're worth less than someone temporarily out of work

There is no check on whether people are caring for the person 35 hours a week. For those caring for someone with complex disabilities or illnesses it is far too little. But for others it is in reality a perk. So someone could be working get PIP and their partner could claim carers allowance and stay at home with their child while the disabled partner is at work.

so, you're not okay with disabled people and their carers getting the bare minimum to survive on?

fine. cut disability and carer benefits, then what? we'll be homeless and starve, shall we?

there is actually more that goes unclaimed than is claimed either fraudulently or in error (those statistics are combined into one and still make up less than 1%)

if, tomorrow, everyone received what they were entitled to and nobody received what they weren't entitled to, the cost of social security in this country would go up, not down.

Honestly it feels like we are screwed either way 😬

Totally agree with you on that!! 👍🏻

And if every high earner takes that attitude what happens? There will less tax revenues and what then? Why is it always reduce your salary and pay less tax - why is it never keep going keep working and the system will help you. The richer people are the less they will rely on public services and there will be more for those who actually need them.

So what? There will be other workers to replace them.

Retire early and open a spot for the next person. Move abroad, your job will be filled by someone else.

We are still a large economy with low regulation and high consumerism; a market business want to operate within.

So much moaning.

And? If your job needs doing, they’ll find someone else to make up the rest of it when you go part time. Until we are at zero unemployment and stop
importing workers, all that happens when someone goes part time is that someone else gets the rest of the job. Do people really believe that if they go p/t, their employers will decide to downscale operations? Madness

Please do not be sarcastic about my Mum - you tone implies it - and for your information I did not go to private school - please do not make assumptions like that - OR is it you believe that I could only be where I am with a private school education - which reflects what you think about the state system here perhaps - in fact I didn't grow up in this country - but at least the public state system where I did grow up was first class for those who wanted to get on and do well. And for all the services you refer to that I have used - hospital - roads - sewers - buses etc - I have PAID my way to use those services - either through separate bills (road tax council tax NI contributions) or are you saying that's not enough??? I am referring to unemployment benefits - rent allowances - etc not services that I and all other tax payers have paid to use. And I am not pulling any ladder up behind me - I am merely saying that a marginal rate of 47% to pay in tax should be sufficient. And if taxes are so low as you say - why do I keep hearing the tax burden is the highest it's been since WW2??