Reeves’ Budget Dread

[Niceandkneesy]

I’ve listened to the budget from Rachel Reeves today and can’t help a feeling of dread.
what she’s produced as her budget compared to the Labour Party manifesto and it’s like night and day.

Why do politicians treat us as idiots? Why can’t they tell the truth? And why don’t they appear to give a sh#t about their lack of honesty? Or AIBU?

You're happy about £40bn extra taxes??

It was a shit stirring op with no substance so there was no reason to suspect it was an actual person. A bit like your post actually.

Maybe they run a small business?

It was a weird budget. Time will tell whether it will make any long term improvement.

To reply to a few comments . . .
No I’m not a) a bot; b) work for the Tory party; or c) a non-dom, private jet owner.

What I am is someone who takes an interest in how our country is run and a few anomalies stick out, namely:-

1). Changing the fiscal rules to borrow more, means future generations will be servicing the debt.

2. The cost of borrowing will actually increase as growth is lower than expected and forecast to stall (OBR figures) both in terms of the BoE MPC and gilts.

3. There is no substance behind the 2% increase in productivity in the public sector, unless more automation which equals redundancies.

4. 1.5% increase in Employer NI will mean a rebalance on business budget plans both for the EBIT & Capital Ex.

If you’re happy and comfortable with that, then ok.

And finally, a sign of a healthy democracy is one in which different views are expressed and given due thought without the need for personal insults. It’s no reflection on me to be insulted, rather, it’s a reflection on the person making them.

“Frothing” is the term used on MN to describe anyone even mildly critical of Labour policies

Fair points, maybe someone will counter without resorting to insult

Did you vote Tory at all over the last 14 years? If the answer is yes, then is they who fucked you over, aided and abetted by yourself.

Thank you Julen7, I was not aware of that.

Please read my second post, hopefully this will explain a few things.

Please read my second post, hopefully this will explain my concerns.

Just done the Guardian budget calculator and dh and I will be 4.50 worse off 😆

Please read my second post, it explains my concerns.

Please read my second post. Apologies for the delay in replying to you.

Please read my second post as it outlines my concerns.

Please read my second post, it explains my concerns.

Interesting, thank you for the insight.

How many GPs’ practices do you estimate will be significantly worse off after the NI hike?

What happens to a practice of it becomes financially unviable? Does the NHS step in to pick up the pieces?

Fortunately for your member of staff there’s a shortage of GPs so your patients’ loss will be another practice’s gain.

Utter bollocks. My BIL GP has struggled to get full time work due to the employment of PAs. He owns a couple of other businesses so he is fine but there are those that don’t have other income and aren’t fine

It’s not bollocks. The practice we’re registered with can’t get doctors for love or money.

An "average" secondary school employs 70 staff so will need to find £60,000 - £70,000 extra from their existing budget to pay for the employers NI increase. There has been no indication that schools will be compensated for this extra cost.

Schools will have the same problems as @StellaSmile illustrated for a large GP practice.

Don't worry about schools. My head is broadly pleased and thinks we'll come out winning even after the extra 1.2% in NI. Presumably, that will be replicated elsewhere.

I'm not saying there isn't more to be done but it's a step in the right direction after 14 years of deterioration and misery with absolutely nothing positive to show for it.

Sorry I don't know how to respond to all individually.

Blossomtoes yes there are many unemployed GPS at the moment, practices can't afford to employ them and this will only make it worse!
I estimate for a small practice this might be an extra 20k per year, on the other end be heard of a very large multi practice partnership that now needs to find an extra half a million per year.
It's not sustainable for GP surgeries.
My personal income went done £25k last year.
If the government don't reimburse the NI or increase GP funding the partners will give back the contracts, well the buildings they own and the government will have to work out how to get a new functioning general practice

the government will have to work out how to get a new functioning general practice

Good. We only have the current model because of the greed of doctors 80 years ago. It’s high time we incorporated general practice into the wider NHS with all GPs paid a salary.

As a (very) small business owner this didn't have the impact on me personally that I feared because of the increase in employment allowance.

However surely people are able to see that it's about more than themselves? Are all of you people claiming it's a great budget completely unaware of family farming, land management, food security and biodiversity? Are you truly unable to join the dots? Are you also unaware of the sheer numbers of people employed in SMEs and the effect that the NI increases will have on employment and job creation?

I can't believe (or maybe I can actually) some of the spiteful, envious downright shite I have read on the farming thread this morning. People who are unable to grasp that because a farmer owns land which may on paper be worth several million and spends his/her life farming it, it doesn't automatically mean they are cash rich and deserve everything coming to them. Where do these people imagine their food comes from? What do they think will happen to food production and land management if this current (aging) crop of farmers dies and their farms need to be sold to pay the IH. Don't tell me - there will be young bright eyed bushy tailed young farmers waiting to step in to buy the land and have a go themselves. They are really not queuing up to do this you know, despite occasionally appearing on Countryfile or feel-good documentaries involving a "shepherdess" and her nine children. It's a hard, hard industry.

So the land will be sold to developers, or giant agribusinesses, or solar farms. The first two don't care about heritage, and landscape and biodiversity and flood management.

The ignorance and envy being displayed is staggering. Still, that's Labour (and before anyone assumes, I have never voted Tory in my life. I might now though)