Another budget one. Sorry.

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I keep seeing posts about how this budget will be so bad for us all, am I the only one who won't be (personally) directly affected? Or at least, in a negative way?

I get the issues around businesses and NI but I am a civil servant.

I will get a pay rise! Yep, you read that right. I earn NMW so my wages will go up.

And I don't have a 'gold plated ' pension.

I totally get there will be a lot affected but I can't be the only one who benefits can I?

Agreed. It's almost like Labour want to auction off our food security and have us rely on imports.......OR a land grab for developers in order to hit house building targets

Not everyone.

Developers will be happy when the land is sold off.

Labour won’t rest until everything is concreted over. We’ll relying even more on food imports and sod climate change and Green commitments.

We will be paying for these NI increases, wage rises etc in higher prices as cost passed on. Jobs will go too.

Businesses, small and large are at the heart of any good health economy. Yes it will affect everybody because the costs will be passed on to each and every one of us.

This budget will hurt everyone - a £25bn a year increase in employers NI will have to be passed on to consumers - as will the increase in NMW - and that includes you. The hit to interest rates means mortgage rates will stay higher for longer - affecting everyone that has a mortgage . The pain has only just begun but it will hit everyone

Oh FFS. Small businesses have an increased exemption threshold so many of them will be better off. Lidl and Aldi will now pay NI, hurray!! And family farmers will not be affected, they can be exempt up to over 3m, it's only the wealthy ones like Clarkson who is quoted as buying his £4.5m farm to 'save on IHT' whose estate will at last cough up. And of course land preserved under environmental rules is protected. Plus of course all development now has to demonstrate enhanced biodiversity under planning rules brought in by the Tories already. Try reading something beyond the Daily Heil headlines...

No there are lots of people who are unaffected. Mainly public sector workers with secure jobs and decent pensions. It’s the rest of us that won’t get pay rises and whose pensions are losing value by the minute.

I'm in a similar position. I will be affected but recognise that money needs to come from somewhere. IMO she's done a good job in a bad situation.

Agree with this

Employers NI doesn’t have to be passed on to employees, it could come from the profits of the business.

Oh I didn't hear that one. IHT on farms is a terrible idea. It's very obvious the effect that will have! Farmland will be broken up and sold. Apart from the issue of how to actually pay the IHT which ridiculously has to be paid in advance of probate. Is this an attempt to try to close some sort of tax loophole?

93% of businesses in Britain are small or medium sized and fight for survival - they just don’t have capacity to absorb this kind of cost. It is a total myth that all business is big / bad and can just take less profit.

You truly have no idea of the value of land, and no idea how farming works.

It's the same argument Labour used for taxing indy schools ie "they don't have to pass the cost on". It is a way of deflecting the damage of the policy away from Labour and onto the business/schools.
Gaslighting at its best

You lost any credibility the moment you called it the Daily Heil.

Show me a farmer who is wealthy? Even Clarkson doesn't make any money on his farm. In his first series he mentioned that his farm make no money.

Farming is on its knees but let's make it so farms can't be passed down through families, then they can all be sold for all those houses Labour want to build.

Two places that have a lot of staff on low wages are care homes and nurseries.

I expect the fees for both of those could rise significantly.

There were big NI increases in the early 00s - and nursery fees increased substantially. Quite a number of the independent ones closed because they became loss-making with the new staff cuts - some shut completely and others became part of chains who were able to centralise some backroom functions and therefore reduce some costs. I'm not sure how much scope there is to to make other savings in that way now, and I expect costs will have to be passed on

Spirallingdownwards
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No I am pointing out the ones that simply don't see past their own situations

Our situation is that we’ll pay more tax. On a purely personal level, of course we’d rather not in an ideal world. After the past 14 years, though, the UK is very far from that.
So be it. We’ll pay with good grace because things need fixing. Like others, we’ll hope to see an improvement in public services, particularly the NHS. Recent experience, husband waiting in A&E for just shy of 50 hours in a plastic chair before a bed, anywhere, became available. He was one of several, all very unwell. It was a nightmare. Myself, waiting for results of an “urgent” CT of a tumour on one of my kidneys. I waited 7 months. It was small, 2cm, back in March. Who knows now?

My cancer treatment in 2016 was an entirely different experience. Diagnosed and surgery within a month of GP appointment.

So, we’ll pay, watch and wait. I fully expect the situation to be much improved at the end of the term. If not, we’ll reassess then.

I can’t believe how people don’t understand that, whatever Sir Keir says this will absolutely effect the working person ( not that they seem able to define what a working person is). With the increase in NI, reduction in the start point for paying it, and increase in NWM it will affect all of us.

Care homes will have much increased wage bills, prices passed onto users,

Nurseries will have much increased wage bills, passed onto users who are already complaining of the cost.

It’s unsure at the moment if councils come under public sector, if they don’t then council tax will increase

Whilst big business's can absorb more, most have shareholders who will want their share income not to fall, increased wage bills will be passed onto the consumer in some format even if it’s not the total bill.

Small businesses, so hairdressers, coffee shops, nail bars, cafes will all have much increased wage bills, passed onto the consumer

GPs are not part of the NHS and therefore subject to the new rates. There are already issues with costs, this makes it worse, indeed there was a post on her in the last couple of days from a partners GP who says it’s breaking point for them, how will that not affect us all if GP surgeries start to close

The markets very jittery, there’s talk that mortgages rates will remain as they are or go up, how will people afford that, or indeed even get on the market? Savings will take longer as the prices of everything goes up.

People are talking about the ‘pay rise’ next year when NMW goes up, but actually for many actual income will remain the same, as the UC they claim now won’t be available as the employer is paying it instead via the increase. And that income has been eroded by everything else mentioned

So yes it absolutely will effect us all

It's the right wing media and stupid people who believe them that are scaremongering.
I wish people would dissect things and see the truth for themselves, instead of believing lies.
BBC are at it too. So much right wing bias. And now reform have got another seat. Stupidity and ignorance is everywhere and it's frightening.

Whilst big business's can absorb more, most have shareholders who will want their share income not to fall,

Some of the biggest shareholders are pensions funds.
If they lose value, that's the growth of your pot that is affected.

We will be ok.
It has not made a hole of over 30 billion on our coffers in one week or sent the Bank og England in a spiral, or put people's mortgages up.
More money is needed at the bottom of the capital distribution curve, so we got some.
Investment is needed in public services, so those who we pay for them with our taxes can receive them and there is money allocated in this budget for these.
For me, it is a first step into getting control of the mess this country is in. A person working full time and paying taxes should be able to pay a living from their wage, an average wage should be able to afford you the average house in the country, you should be able to get an appointment with dentist, GP, NHS when you fall ill, be able to rely on transport to go back and forth from school/ work, get your rubbish collecyed, streets lights, clean drinkable water when we pay for it.
We will all profit from usable services, even business owners and farmers.
Less people will be on long term sick. They will be more likely to go for a coffee, out to a restaurant, shopping and so on.

I am so glad my inheritance is in the US and hmrc can't touch it.

If you are UK domiciled or deemed domiciled (have been living here for along time) all your worldwide assets are subject to IHT in the UK.

Not true, the UK doesn't tax individuals on money received as an inheritance from abroad. The UK can only tax on UK estates which it is not. Not to mention we are working on getting out of the UK so we don't have to pay any UK tax or cgt so hopefully it's a non issue.

It's not "not true", it's just a different situation from the one you implied in your first post.