Nervous/anxious/scared about the Autumn budget 2024

[Cartwrightandson]

I know that we don't know any details. We have read or heard bits that might be incorrect or just plain wrong. I also know we won't know anything until Wednesday when Rachel Reeves publishes/announces the contents of the budget...

But what we do know...it's the first labour budget for over 14 years, we've had a conservative government, austerity, brexit, covid and cost of living/interest rate increase meaning our economy is not in a good place.

Our services/infrastructure haven't had much needed investment for a long time.
Councils are practically bankrupt, some already are. Schools, housing, NHS, social care and economy are all struggling..to remedy this requires money and this will need to come from higher taxes.

There's a 19 billion pound black hole and Labour have already removed the winter fuel allowance, showing they are willing do things that are unpopular or possibly controversial..the Labour manifesto said it wouldn't increase taxes, but now they are saying they have to.

They've already allocated money for Ukraine, teachers, train drivers, junior doctors, NHS staff ect

Keir said people who don't 'work' for their income (shares/savings/landlord income) aren't classed as working people and will be taxed..

Basically this budget is going to need to raise taxes to pay for investment in services. That much we do know. But where the cuts and the tax increase will be is unknown. I don't think anyone will be 'better off'...

Possibilities.. (note these are not absolute, I could be very wrong)

Inheritance tax changes
Fuel duty increase
Income tax increase
Social housing rent increase
Benefit cuts
No free universal prescription for over 60s
Change to tax free allowance
Removal of help to buy, right to buy and alterations to stamp duty
Pension age to increase
State pension to decrease?
Tuition fees to increase
Tax free pension allowance to be reduced
Isa/bond/shares/investments taxed

Who really knows...but I think the labour comms are possibly leaking information so that we are being drip fed so when the budget does happen we already know and are braced/prepared for it.

Or what is being leaked about the budget is really bad but when the budget happens we are relieved it wasn't as bad the leaks hinted at. But it is still painful but we are more accepting because it's not as bad as it could have been...if that makes sense.

You are talking unmitigated horseshit.

The Tories blamed Labour at THIS LAST ELECTION.

Labour's pay rises for nurses, railway workers and doctors have stopped the strikes and will lift the productivity of our economy. (It's not billions).

The budget will unlock investment in housing, energy and infrastructure that our country is crying out for.

Did you also talk about 'fully funded, fully costed' as Labour did pre GE?

You were a noisy Tory supporter on the pre election threads. Of course you have your doubts. How would you know what their plans were if you read no further than the daily mail ?

Yawn.

Public sector pay rises cost 3 x what the entire asylum and immigration bill is. I mean the immigration bill is not ideal, but it’s not what’s crippling the country.

Yup Trump supporter. 😂

Ah yes that fits. A pre GE lie but it's ok, are you getting pay rises or tax rises?

The irony.

Seemingly, nothing.

Although they’ve introduced a task force to tackle the high cost of car insurance.

Smashin’ it Keir.

True socialists weren’t happy with ‘fully funded, fully costed’ to start with, so this is all music to their ears

Right, doing well there.

I mean you posted about loyalty and seemingly unaware of this

Erm… yes. Surely this isn’t news to you? High earners are wanted everywhere.

Where has it been suggested NI will be applied to pensions?

I get why some people would be happy others have to pay more after the lie, but I assume they are on the receiver rather than payer end

Socialist ? They’re means testing benefits for OAPs. Hardly socialists.
Make your mind up. 70s socialists or Tory mark 2 which is it ? Can’t be both.

You were also a noisy and at times rude ‘14 years of tories/tory bot’ Labour supporter. Makes you no more superior.

We are all entitled to our opinions. If mine aren’t the same as yours, that’s ok👍

@BIossomtoes

I agree that family ties matter, but with so many people arriving almost daily, it’s simply not feasible to think that every single one has those connections. This raises serious questions about why some are discarding their documents or skipping over safe countries

Have you given them a chance ? How long do you give them ?

What proof is there that huge numbers are discarding their documents?

NI ought to be applied to pensions. NI is just another form of income tax, just one that pensioners get to duck.

I’m not scared about the budget.

Employers NIC rise will mean my employer will have less money for pay rises, there might be more tax on my pension savings, but as it’s a private sector pension contributions it’s not much money anyway. We don’t have massive savings.

Perhaps a rise in motoring charges but we ought to be using our car less anyway.

Upping council tax would hit us, and they ought to increase this, but they don’t have the guts. So yeh, not scared.

I think Rishi Sunak might have a big tax rise if they increase dividend tax and CGT, but that’s no bad thing.

Oh it's you. The one who gets my nationality wrong and brings it up on threads as an attempt at an attack.

I'm not an 'immigrant myself' and you have got my place of birth wrong tsk tsk. Bad job at following an mner there (so closely at that).

As a disabled person who relies on ESA and PIP for my income,I am seriously worried that I will get clobbered. Either in the form of benefit cuts,or being told that I can no longer claim ESA and must find a job,the thought of which terrifies me as I am really in no fit state to work,or even look for work. And even if I did look for work,no employer is going to want to employ me with my multiple health problems. Governments, whether they be Conservative or Labour,have form for going after the most vulnerable members of society,and Labour have already demonstrated that they are prepared to make unpopular choices by withdrawing the winter fuel allowance for pensioners.

@BIossomtoes I didn’t mention huge numbers. There are sources available if someone is genuinely interested in finding this information; it just takes a bit of effort to look.
Couple examples
www.newstalk.com/news/85-of-asylum-seekers-arrive-at-dublin-airport-without-identity-documents-1646914

www.migrationwatchuk.org/news/2022/02/24/98-of-channel-boat-migrants-have-no-passport

Good ! I hope this part goes ahead.

Were there always these constant threads about the Tory budgets?
The Tories were in too long really and abour do have a mess to clean up but all governments do good and bad things, some suit some of us sometimes and some don't.
It just seems people have it in for labour before they start and these budget speculation threads weren't around when the conservatives were in. Were they?