To ask what should have been in the budget?

[dollopofsauce]

All I've seen do far, from reading threads on here and watching CNN, is doom and gloom.

So what should Labour have done to swerve the hate? What would have been an acceptable way of raising money to help fund health, social care and education?

Genuine answers, please.

Increase alcohol duty for shop bought alcohol. Add £1 for spirits, wine, 50p for beer. I did a very rough calculation based on 2022 and 2023 U.K. figures and this would bring in an additional £3.5bn. more money for health and reduce pressure on health and law services. It’s a win win.

What should have been in the budget the facts about what labour are doing with right to buy don't people hàve the right to know

That's not a budget matter that's a policy matter which will be discussed i imagine when they put new legislation in

They should have increased the income level above £60k before child benefit is lost to working parents.

Fantastic idea you could even subsidise each private school place by 50% of what it costs the state to educate a child and the uptake would seriously reduce the burden on the state..

win win!

Tax gambling! It was a sector grown by a previous Labour government and is a drain on society in term of addiction. Why doesn't it pay its way?

Make carers allowance a non taxable benefit

Absolutely I see far to many adverts etc

Can you explain what you mean by all your saving and planning has been for nothing?

Why has it been for nothing and you'll have nothing to pass on to your children? How are the "socialist" government going to take it all from you?

Should have just put 1p on income tax for everyone, yes, even the low paid. Job done, no fucking around the edges, complicating tax rules etc

Markets are not happy this morning. Close to being a Luz Truss response.

lift thine eyes above the "small people" everyone.

Wealth inequality drives poverty and precarity for people at the bottom, and exacerbates disparity

Wealth inequality is high and rising and more marked than income inequality. In the UK, the bottom 50% of the population owned less than 5% of wealth in 2021, and the top 10% a staggering 57% (up from 52.5% in 1995). The top 1% alone held 23% (World Inequality Lab, 2022).

https://www.jrf.org.uk/narrative-change/changing-the-narrative-on-wealth-inequality

https://taxjustice.uk/blog/six-wealth-tax-policies-that-could-raise-50-billion/

The markets are fine.
I don't think many people listened to the budget properly tbh. There were exemptions for most of the things people are complaining about.

You can employ 4 people and part timers and not be paying any more employers ni.
Most farms are exempt.
Hospitality and 2 other service industries are exempt.

Mumsnet is weirdly pro Tory though

Most people I've spoken to are happy with the budget, buthen most people I know earn under 150 grand a year. Their businesses are genuinely small, or they are employed.

The only people I've seen complain on social media are wealthy retirees who are still incensed they had their heating allowance cut. Noone made a fuss at all when the Tory's cut disabled people's heating allowance though.

Noone made a fuss at all when the Tory's cut disabled people's heating allowance though.

That's Tory voting unmitigated greed for you. I've never known such a fuss about a benefit cut as when a load of rich retirees lost their Christmas sherry fund.

Lol

@username7891 , could you explain how these actions would help grow the economy?

Make companies like Amazon pay proper tax on the profits they make in the UK.
Combine dentists with GPs health centres which would make them cheaper to run (share equipment, receptionists, admin etc.), provide a more holistic approach to oral care and ensure everyone has access to an NHS dentist.

Markets are not happy this morning. Close to being a Luz Truss response.

This is blatantly untrue. There was a slight adjustment but now everything is carrying on as normal. I heard a commentary just now on the BBC that said this and also said it was because no one has had the time to fully read the budget yet, which is arrant nonsense. The truth is that it's barely affected the market at all.

As for comparison with Truss, you must have been temporarily away from the planet and missed all the chaos her budget caused to every part of the financial sector if you think the response today is even remotely comparable.

@username7891 said "I've never known such a fuss about a benefit cut as when a load of rich retirees lost their Christmas sherry fund."
I know of many rich retirees who gave their winter fuel allowance to charity and thought it should have been means-tested in the first place.

Have you thought about taking in ironing?

No they have reduced tax on draught beer. Stupid crowd pleaser which costs society actual money and increases the burden on the NHS

That’s a good idea

I don’t pretend to know much about finance, but my husband is a finance director. Last night I asked him what impact the budget would have on his company and he said they now had to find a million pounds from somewhere. I asked how they would do that and he said they would probably have to cut seven per cent of their employees. I asked if many other companies would need to do something similar and he said yes. So, I think lots of people who are currently saying this budget wasn’t too bad for them personally might well have a bit of a shock coming.

DH's firm is similar. It will cost them several million pounds which means they will be cutting jobs and not giving pay rises.

They're obviously not the people I'm talking about.